Fantastic plastics: Industry to experience steady growth as demand increases

The Plastic Products Miscellaneous Manufacturing industry in Illinois has experienced moderate growth over the past five years, aided by increased demand from several downstream industries. More specifically, the values of both residential and nonresidential construction in Illinois have grown robustly over the five years to 2017, which, in combination with steady demand from auto manufacturers, have raised industry revenue. Over the five years to 2022, revenue is projected to grow at a faster rate, as demand from the aforementioned industries will remain steady, while other factors, including the price of crucial inputs, employment and wages are expected increase after declining over the previous five-year period...read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
1.5%
Forecast Growth 17-22
Profit
Employment
19,156
Businesses
382
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Industry Threats & Opportunities

  • Growth in the residential and nonresidential construction industries have paved the way for increased demand
  • Computer and robotic technology have replaced the jobs of many quality assurance employees
  • The price of plastic materials and resin is projected to rise over the next five years
  • Industry Report - Industry Analysis Chapter

    Plastic is a highly versatile and easy-to-manufacture product, and has become a crucial material in industrial production. Since plastic can be molded into most shapes, and can be changed to achieve various levels of strength, heat resistance and other characteristics, it has penetrated all types of manufacturing and construction products and the industry continues to grow. However, because of the wide use of plastic products, movements in the overall economy will directly affect demand and revenue. The industry’s reliance on consumer spending habits makes it particularly sensitive to changes in the economy. Over the five years to 2017, the Plastic Products Miscellaneous Manufacturing industry in Illinois has grown as demand from businesses that use plastic components has increased. Ove...purchase to read more.

    Additional Insights for the Plastic Products Miscellaneous Manufacturing in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic Products Miscellaneous Manufacturing in Illinois Industry are

  • Favorable supply contracts for key inputs
  • Incorporate long-term sales contracts
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Demand from car and automobile manufacturing and Number of Businesses in Illinois in the Plastic Products Miscellaneous Manufacturing in Illinois industry impact industry performance..

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    What is the Plastic Products Miscellaneous Manufacturing in Illinois Industry?

    This industry comprises companies that manufacture a range of plastic products, including housewares, building materials, motor vehicle parts, resilient floor coverings and appliance parts. This industry excludes plastic film, sheets, bags, profile shapes, pipes, pipe fittings, laminates, foam products and bottles.

    Industry Products
  • Plastics packaging
  • Consumer, institutional, and commercial fabricated plastics products
  • Transportation fabricated plastics products
  • Electrical and electronic fabricated plastics
  • Building and construction fabricated plastics products
  • Other miscellaneous plastic products
  • Industry Activities
  • Plastic housewares (e.g. fixtures and fittings)
  • Plastic building materials
  • Plastic packaging material (except bottles)
  • Plastic bottle cap and lid
  • Plastic floor covering
  • Plastic motor vehicle part
  • Plastic inputs for appliances
  • Plastic credit and identification card
  • Plastic inputs for consumer durables
  • Plastic trash container
  • Similar Industries
  • Adhesive Manufacturing
  • Chemical Product Manufacturing
  • Plastic Film, Sheet & Bag Manufacturing
  • Plastic Products Miscellaneous Manufacturing
  • Tire Manufacturing
  • Plastic Film, Sheet & Bag Manufacturing in California
  • Plastic Products Miscellaneous Manufacturing in California
  • Plastic Film, Sheet & Bag Manufacturing in New York
  • Plastic Products Miscellaneous Manufacturing in New York
  • Plastic Film, Sheet & Bag Manufacturing in Illinois
  • Plastic Products Miscellaneous Manufacturing in Texas
  • Plastic Products Miscellaneous Manufacturing in Florida
  • Plastic Products Miscellaneous Manufacturing in Massachusetts
  • Plastic Film, Sheet & Bag Manufacturing in Ohio
  • Plastic Products Miscellaneous Manufacturing in Ohio
  • Plastic Film, Sheet & Bag Manufacturing in Pennsylvania
  • Plastic Products Miscellaneous Manufacturing in Pennsylvania
  • Plastic Film, Sheet & Bag Manufacturing in New Jersey
  • Plastic Products Miscellaneous Manufacturing in New Jersey
  • Plastic Products Miscellaneous Manufacturing in Georgia
  • Plastic Products Miscellaneous Manufacturing in Michigan
  • Plastic Products Miscellaneous Manufacturing in Wisconsin
  • Plastic Products Miscellaneous Manufacturing in Washington
  • Plastic Products Miscellaneous Manufacturing in Virginia
  • Plastic Products Miscellaneous Manufacturing in Tennessee
  • Plastic Products Miscellaneous Manufacturing in North Carolina
  • Plastic Products Miscellaneous Manufacturing in Minnesota
  • Plastic Products Miscellaneous Manufacturing in Maryland
  • Plastic Products Miscellaneous Manufacturing in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from car and automobile manufacturing
  • Number of Businesses in Illinois
  • Demand from electrical equipment manufacturing
  • Demand from tool and hardware wholesaling
  • Value of private nonresidential construction in Illinois
  • Value of Residential Construction in Illinois
  • Price of plastic materials and resin

  • Current Performance
  • Support from downstream industries
  • Employment down as automation rises
  • Chart: Revenue Growth

  • Industry Outlook
  • Auto and construction industries continue demand
  • Employment to experience growth
  • Table: Plastic Products Miscellaneous Manufacturing in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic Products Miscellaneous Manufacturing in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Flooring Installers
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Electrical Equipment Manufacturing
  • Car & Automobile Manufacturing
  • Automobile Interior Manufacturing
  • Auto Parts Manufacturing
  • Furniture Wholesaling
  • Tool & Hardware Wholesaling
  • Plumbing & Heating Supplies Wholesaling

  • Key Selling Industries
  • Industrial Machinery & Equipment Wholesaling
  • Plastic & Resin Manufacturing

  • Products & Services
  • Plastics packaging
  • Consumer, institutional, and commercial fabricated plastics products
  • Other miscellaneous plastic products
  • Transportation fabricated plastics products
  • Electrical and electronic fabricated plastics
  • Building and construction fabricated plastics products
  • Chart: Plastic Products Miscellaneous Manufacturing in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Other
  • Hardware and home improvement wholesalers
  • Automotive manufacturers
  • Electrical and electronic fabricated plastics
  • Chart: Major Market Segmentation for the Plastic Products Miscellaneous Manufacturing in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesDepreciation and rentOther
  • Chart: Cost Structure Benchmarking – Sector vs Plastic Products Miscellaneous Manufacturing in Illinois

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic Products Miscellaneous Manufacturing in Illinois Industry

  • Armstrong World Industries Inc.Bemis Company Inc. PolyOne Corporation SABIC Innovative Plastics
  • Table: Armstrong World Industries Inc. - financial performance
  • Table: Bemis Company Inc. - financial performance
  • Table: PolyOne Corporation - financial performance
  • Table: SABIC Innovative Plastics - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic Products Miscellaneous Manufacturing in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Plastic Products Miscellaneous Manufacturing in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Private Nonresidential Construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Blow Molding
  • A manufacturing process by which hollow plastic parts are formed.
  • Extrusion
  • A manufacturing process by which plastic or another material is forced through a series of dies to create desired shapes.
  • Injection Molding
  • A manufacturing process for forming objects by heating the molding material to a fluid state and injecting it into a mold.
  • Why buy this report?

    The Plastic Products Miscellaneous Manufacturing in Illinois industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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 Plastic Products Miscellaneous Manufacturing in Illinois:
    • 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 Plastic Products Miscellaneous Manufacturing in Illinois 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 Plastic Products Miscellaneous Manufacturing in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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