Packed up: Rising demand for industry products will lead to revenue growth

Over the five years to 2017, plastic consumption has remained consistent. Plastic products have increasingly substituted materials such as wood, paper, metals and glass in many applications. Plastic is often more price-competitive and also offers better performance. As a recyclable material, plastic provides environmental benefits such as waste reduction and energy savings. Even with these positive trends, revenue for the Global Plastic Product and Packaging Manufacturing industry is expected to decline over the five years to 2017. This decrease has been underpinned by dramatically reduced world oil prices, which reduce input costs and also limit selling prices to downstream industries. Revenue is expected to recover moving forward...purchase to read more.

Industry Statistics & Market Size
Revenue
$488bn
Annual Growth 12-17
-6.6%
Forecast Growth 17-22
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Profit
x.x%lock
Employment
4.7m
Businesses
132,477
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Global demand for construction remains a key revenue driver for the industry
  • China experienced an oversupply of plastics due to increased production and low demand
  • Rising transportation costs will cut into the industry's profit margins

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    Industry Report - Industry Locations Chapter

    Historically, North America and Europe have been the largest plastic product manufacturing regions of the world. This is not surprising given the productivity of the regions, which generally results in high levels of consumption expenditure. However, over the past 10 to 15 years, these two regions have lost some of their share of the global market. Strong competition from emerging economies, mainly China, has resulted in more and more companies closing shop in the United States, Europe and Canada. At the same time, major global companies from the Western world have ramped up foreign investment in China and other developing nations, taking advantage of less expensive production costs associated with labor and raw materials. Thi...purchase to read more.

    Additional Insights for the Global Plastic Product & Packaging Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Plastic Product & Packaging Manufacturing Industry are

  • Economies of scale
  • Effective quality control
  • Output is sold under contract - incorporate long-term sales contracts

    • IBISWorld analysts also discuss how external factors such as Downstream Demand - Manufacturing and Global consumer spending in the Global Plastic Product & Packaging Manufacturing industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Global Plastic Product & Packaging Manufacturing Industry?

    Enterprises in this industry manufacture a variety of plastic goods, including plastic building materials, products used to package food and beverages and plastic products used to manufacture furniture and other durable goods. Companies that manufacture foam products, such as those used in automotive manufacturing and insulation for housing, are also included in this industry.

    Industry Products
  • Plastic containers and packaging products
  • Miscellaneous Plastic Products
  • Intermediate and Other Plastic Goods
    • Industry Activities
  • Manufacturing plastic containers and packaging products
  • Manufacturing plastic pipes, plates, shapes and sheets, including plastic bags
  • Manufacturing plastic used in furniture, construction, transportation and electrical goods
  • foam packaging products
  • Manufacturing foam used in furniture, construction, transportation and electrical goods
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Downstream Demand - Manufacturing
  • Global consumer spending
  • World price of crude oil
  • Downstream Demand- Motor Vehicle and Part Manufacturing

    • Current Performance
    Innovation and cost cuttingFluctuating demandRevenue and profitability
  • Chart: Revenue Growth

    • Industry Outlook
    Profit and demandEmployment opportunitiesKey demand drivers
  • Table: Global Plastic Product & Packaging Manufacturing Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Plastic Product & Packaging Manufacturing Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Global Agriculture, Hunting, Forestry and Fishing
  • Global Manufacturing
  • Global Construction
  • Global Wholesale and Retail Trade
  • Global Hotels and Restaurants

    • Key Selling Industries
  • Global Petrochemicals Manufacturing
  • Global Resin and Synthetic Rubber Manufacturing
  • Global Wholesale Trade

    • Products & Services
  • Intermediate and Other Plastic Goods
  • Plastic containers and packaging products
  • Miscellaneous Plastic Products
  • Chart: Global Plastic Product & Packaging Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Packaging
  • Other
  • Building and construction
  • Motor vehicle and transport manufacturing
  • Electrical equipment and components
  • Chart: Major Market Segmentation for the Global Plastic Product & Packaging Manufacturing Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Labor and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Global Plastic Product & Packaging Manufacturing

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Plastic Product & Packaging Manufacturing Industry

    • Industry Globalization

    Major Companies

    There are no major players in this industry. This report includes analysis of other companies.

    Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Global Plastic Product & Packaging Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Global Plastic Product & Packaging Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Global consumer spending (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Extrusion
  • A manufacturing process that uses compressive stress on hot and cold materials, such as polymer, to produce products of a desired shape.
    • Plastic
  • A wide variety of synthetic materials. Plastics are polymers and often combined with other substances and materials to improve quality or reduce costs.
    • Polyethylene Terephthalate (Pet)
  • A thermoplastic polymer resin used to create synthetic fibers (i.e., plastic), such as that of food, beverage and other liquid containers.
    • Polymer
  • A large, molecular compound used as an input in the manufacture of synthetic fibers such as plastic.
    • Resin
  • A natural or synthetic compound that can take many forms depending on its chemical composition. Specific to this industry, it is used to make polymer, used in the production of plastic products.
    • What Our Customers Say
    Why buy this report?

    The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Plastic Product & Packaging Manufacturing global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report focuses on industry performance in key regions around the world and identifies the leading companies globally.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Plastic Product & Packaging Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Plastic Product & Packaging Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Plastic Product & Packaging Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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