In the bag: Rising consumer spending will fuel revenue growth and expand profit margins

The Plastic Film, Sheet and Bag Manufacturing industry grown slowly in line with the broader economy, as increased consumer demand and demand from downstream markets drives growth in industry revenue. As the economy continued to improve over the five years to 2017, the industry experienced a boost in revenue as a result of improved consumer spending. This caused demand for industry products to increase from consumers and food manufacturers, while other downstream markets, such as construction industries, steadily continued to demand plastic film, sheet and bag products as well...purchase to read more.

Industry Statistics & Market Size
Revenue
$43bn
Annual Growth 12-17
0.2%
Forecast Growth 17-22
Profit
Employment
97,469
Businesses
1,328

Industry Threats & Opportunities

  • As the economy continued to improve, the industry experienced a boost in revenue as a result of improved consumer spending
  • The industry has mostly resisted upward wage pressures
  • Revenue growth in the retail, wholesale and distributors markets is expected to remain strong
  • Industry Report - Industry Products Chapter

    Plastic film and sheetsThe industry's largest product segment is nonpackaging plastic film and sheets, accounting for an estimated 43.7% of industry revenue. Construction industries and the agricultural sector use large volumes of these products. Nonpackaging films and sheet are used for a variety of purposes including wall construction, drop cloths, pit covers, vapor and moisture barriers to concrete curing, painter drop sheets and weather protection. Other end uses of plastic film include creating labeling for goods, electrical fabrication and film stock for the movie industry. IBI...purchase to read more.

    Additional Insights for the Plastic Film, Sheet & Bag Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic Film, Sheet & Bag Manufacturing Industry are

  • Undertaking technical research and development
  • Use of production techniques that add value to base product(s)
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Demand from food manufacturing in the Plastic Film, Sheet & Bag Manufacturing industry impact industry performance..

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    What's in this report

    What is the Plastic Film, Sheet & Bag Manufacturing Industry?

    This industry converts plastic resins into various films, sheets and bags. Industry products are used by manufacturers for packing and storing products, by retailers for transporting merchandise and by consumers for household purposes. Industry operators also form, coat or laminate plastic film and sheets into single-wall or multiwall plastic bags.

    Industry Products
  • Plastic bags
  • Plastic packaging film and sheets
  • Plastic film and sheets (excluding packaging)
  • Industry Activities
  • Manufacturing plastic film for bags
  • Manufacturing plastic film for food storage bags
  • Manufacturing plastic film for grocery bags
  • Manufacturing plastic film for merchandise bags
  • Manufacturing plastic film for trash bags
  • Manufacturing plastic film for packaging
  • Manufacturing plastic film (except for packaging)
  • Manufacturing plastic film and unlaminated sheet (except packaging)
  • Manufacturing unlaminated plastic sheets (except packaging)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Demand from food manufacturing
  • Demand from agriculture, forestry, fishing and hunting
  • Demand from construction
  • Price of plastic materials and resin
  • Trade-weighted index

  • Current Performance
  • Downstream markets
  • Profit
  • Industry structure
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased consumer spending
  • Foreign competition increases
  • Profitability and structure changes
  • Table: Plastic Film, Sheet & Bag Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic Film, Sheet & Bag Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Construction
  • Candy Production
  • Snack Food Production
  • Soda Production
  • Bottled Water Production
  • Cigarette & Tobacco Manufacturing
  • Retail Trade
  • Supermarkets & Grocery Stores
  • Warehouse Clubs & Supercenters

  • Key Selling Industries
  • Organic Chemical Manufacturing
  • Plastic & Resin Manufacturing

  • Products & Services
  • Plastic film and sheets (excluding packaging)
  • Plastic packaging film and sheets
  • Plastic bags
  • Chart: Plastic Film, Sheet & Bag Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Food and beverage manufacturers and retailers
  • Pharmaceutical, medical and hygiene manufacturers
  • Other markets
  • Exports
  • Industrial indsutries
  • Chart: Major Market Segmentation for the Plastic Film, Sheet & Bag Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Plastic Film, Sheet & Bag Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic Film, Sheet & Bag Manufacturing Industry

  • Industry Globalization
    Berry Plastics Group Inc., Bemis Company Inc.,
  • Table: Berry Plastics Group Inc. - financial performance
  • Table: Bemis Company Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic Film, Sheet & Bag Manufacturing 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 Film, Sheet & Bag 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)
  • Domestic price of plastic resin (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Coextrusion
  • A process of extruding two or more layers of plastic.
  • Cryovac
  • A process used to remove any excess oxygen from a bag, which is then heat-sealed to make it airtight.
  • Extrusion
  • A process of shaping melted plastic into a single, undeviating form, such as a tube.
  • Laminate
  • A sheet of material made by bonding two or more sheets or layers.
  • Multiwall
  • A type of packaging with several outer layers.
  • Polyethylene
  • A lightweight thermoplastic used in packaging and insulation.
  • Vinyl
  • A polyvinyl chloride material that can be rigid or flexible.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Plastic Film, Sheet & Bag Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Plastic Film, Sheet & Bag Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Film, Sheet & Bag 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 Plastic Film, Sheet & Bag 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 Plastic Film, Sheet & Bag Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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