Reinforced plastic: Despite increasing imports, downstream markets will revive industry demand

The Plastic Products Miscellaneous Manufacturing industry has experienced five years of steady growth, as demand within the industry's downstream markets have improved with the US economy. Operators rely heavily on several key industries to purchase their products. In addition to slowed downstream demand, overseas competition is constraining revenue growth. Since 2001, the United States has imported more plastic products than it has exported. Import competition has gained momentum due to looser regulations and lower labor costs in these regions relative to domestic manufacturers. As a result, the amount of imports satisfying domestic demand has increased over the five years to 2017 and is expected to continue doing so over the next five-year period. ...purchase to read more.

Industry Statistics & Market Size
Revenue
$100bn
Annual Growth 12-17
1.9%
Forecast Growth 17-22
Profit
Employment
377,289
Businesses
6,587
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Growth in downstream markets is slated to continue, benefiting industry operators
  • Many operators have maintained profit margins by investing heavily in technology
  • While import growth is expected to remain strong, export growth will remain healthy
  • Industry Report - Industry Analysis Chapter

    Plastic’s versatility and ease of manufacturing have made it an essential material for industrial production. Plastic can be molded into a variety of shapes and its physical attributes can easily be altered to achieve ideal strength, dexterity, heat resistance and many other characteristics. While plastic has penetrated almost every aspect of Americans’ lives and new applications for it are continuously being discovered, its indispensability has not made it immune to the economic downturn. The Plastic Products Miscellaneous Manufacturing industry’s dependence on consumer spending habits makes it sensitive to overall economic trends, particularly in the markets that purchase miscellaneous plastic products. Ove...purchase to read more.

    Additional Insights for the Plastic Products Miscellaneous Manufacturing Industry

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

  • Favorable supply contracts for key inputs
  • Output is sold under contract - 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 Demand from electrical equipment manufacturing in the Plastic Products Miscellaneous Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Plastic Products Miscellaneous Manufacturing 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
  • Consumer, institutional and commercial fabricated plastic products
  • Fabricated plastic products for transportation applications
  • Plastic packaging
  • Fabricated plastic products for building applications
  • Reinforced and fiberglass plastic products
  • Plastic plumbing fixtures
  • Fabricated plastic products for electrical/electronic applications
  • Other 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
  • 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
  • Demand from electrical equipment manufacturing
  • Demand from tool and hardware wholesaling
  • Value of construction
  • Price of plastic materials and resin
  • Trade-weighted index

  • Current Performance
  • Reviving demand
  • Recovering markets
  • Industry structure
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Recovering markets
  • Growing trade
  • Profit squeeze leads to consolidation
  • Table: Plastic Products Miscellaneous Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic Products Miscellaneous Manufacturing 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
  • Consumer, institutional and commercial fabricated plastic products
  • Fabricated plastic products for transportation applications
  • Plastic packaging
  • Fabricated plastic products for building applications
  • Other plastic products
  • Reinforced and fiberglass plastic products
  • Plastic plumbing fixtures
  • Fabricated plastic products for electrical/electronic applications
  • Chart: Plastic Products Miscellaneous Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Economic factors
  • Major markets trends
  • Displaced demand

  • Major Markets
  • Hardware and home improvement wholesalers
  • Automotive manufacturers
  • Other
  • Plumbing fixture wholesalers
  • Electrical and electronic manufacturers
  • Furniture and furnishing wholesalers
  • Chart: Major Market Segmentation for the Plastic Products Miscellaneous 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 rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Plastic Products Miscellaneous Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic Products Miscellaneous 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 Products Miscellaneous 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)
  • 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
    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.
  • What Our Customers Say

    Why buy this report?

    The Plastic Products Miscellaneous Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear