Michi-llaneous manufacturing: A rise in new car sales will fuel industry growth

Operators in the Plastic Products Miscellaneous Manufacturing industry in Michigan produce a range of plastic products, including housewares, building materials, motor vehicle parts, resilient floor coverings and appliance parts. This industry excludes the manufacture of plastic film, sheets, bags, profile shapes, pipes, pipe fittings, laminates, foam products and bottles. Over the five years to 2018, the industry has grown in response to the growth in new car sales nationwide, which increased at an annualized rate of 2.4% during the five-year period. The biggest customer for most industry operators in Michigan are automobile manufacturers, so the fortunes of miscellaneous plastic product producers in the state are particularly tied to the health of automobile manufacturing...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 13-18
2.9%
Forecast Growth 18-23
Profit
Employment
36,634
Businesses
411

Industry Threats & Opportunities

  • The biggest customers for most operators in Michigan are automobile manufacturers
  • Additional Insights for the Plastic Products Miscellaneous Manufacturing in Michigan Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic Products Miscellaneous Manufacturing in Michigan 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 New car sales and Manufacturing GDP for Michigan in the Plastic Products Miscellaneous Manufacturing in Michigan industry impact industry performance..

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    What's in this report

    What is the Plastic Products Miscellaneous Manufacturing in Michigan 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
  • Fabricated plastic products for transportation applications
  • Consumer, institutional and commercial fabricated plastic products
  • Plastic packaging
  • Fabricated plastic products for building applications
  • Plastic plumbing fixtures
  • Fabricated plastic products for electrical/electronic applications
  • 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 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 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
  • New car sales
  • Manufacturing GDP for Michigan
  • Value of private nonresidential construction in Michigan
  • Price of plastic materials and resin
  • Demand from electrical equipment manufacturing

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

  • Major Markets
  • Automobile manufacturers
  • Other
  • Hardware and home improvement wholesalers
  • Electrical and electronic manufacturing
  • Plumbing fixture wholesalers
  • Chart: Major Market Segmentation for the Plastic Products Miscellaneous Manufacturing in Michigan Industry

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

  • Basis of Competition
    Barriers to Entry
    Cascade Engineering Inc., Dart Container Corporation, Koninklijke DSM N.V., Saudi Basic Industries Corporation,
  • Table: Cascade Engineering Inc. - financial performance
  • Table: Dart Container Corporation - financial performance
  • Table: Koninklijke DSM N.V. - financial performance
  • Table: Saudi Basic Industries Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic Products Miscellaneous Manufacturing in Michigan 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 Michigan Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Price of plastic resin (2009-2023)

  • 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.
  • What Our Customers Say

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    This report on Plastic Products Miscellaneous Manufacturing in Michigan:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    • 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 Michigan 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

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