Brittle plastic: Increasing imports and external competition have hindered growth in New York

Over the five years to 2017, the Plastic Products Miscellaneous Manufacturing industry in New York has experienced extensive growth, as demand within the industry's downstream markets has improved both nationwide and within the state. Despite expected increases in consumer spending, miscellaneous plastic product demand is projected to decrease moving forward as the US dollar appreciates, making US goods more expensive abroad. In addition to slowed downstream demand, overseas competition is constraining revenue growth. As a result, the amount of imports satisfying domestic demand has increased over the five years to 2017 and is expected to continue to do so over the five years to 2022, potentially hindering growth at state levels...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
8.5%
Forecast Growth 17-22
Profit
Employment
13,950
Businesses
304

Industry Threats & Opportunities

  • Demand from downstream markets is expected to slow, harming industry operators
  • Many operators have maintained profit margins by investing heavily in technology
  • Export growth may combat troubling industry conditions for New York operators
  • Industry Report - Starting a New Business Chapter

    Overall, there are few barriers to entry in the Plastic Products Miscellaneous Manufacturing industry in New York. There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent companies from entering the industry. While there are no explicit barriers to entry, some factors may deter entry.A significant financial investment is necessary to acquire, maintain and update a plant and its equipment. This cost may deter some companies from entering the industry, but it is not insurmountable. Another factor essential to compete effectively in this industry is research and development spending. The...purchase to read more.

    Additional Insights for the Plastic Products Miscellaneous Manufacturing in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic Products Miscellaneous Manufacturing in New York 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 Value of Residential Construction in New York and Consumer Spending in New York in the Plastic Products Miscellaneous Manufacturing in New York industry impact industry performance..

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    What's in this report

    What is the Plastic Products Miscellaneous Manufacturing in New York 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
  • Other plastic products
  • Reinforced and fiberglass plastic products
  • Fabricated plastic products for electrical/electronic applications
  • Plastic plumbing fixtures
  • 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 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 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
  • Value of Residential Construction in New York
  • Consumer Spending in New York
  • Price of plastic materials and resin
  • Trade-weighted index

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

  • Industry Outlook
  • Declining markets
  • Growing trade
  • Profit squeeze leads to consolidation
  • Table: Plastic Products Miscellaneous Manufacturing in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic Products Miscellaneous Manufacturing in New York 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 in New York Industry Products and Services Segmentation

  • Major Markets
  • Hardware and home improvement manufacturers
  • Automotive manufacturers
  • Other
  • Electrical and electronic manufacturing
  • Furniture
  • Chart: Major Market Segmentation for the Plastic Products Miscellaneous Manufacturing in New York Industry

  • 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 in New York

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic Products Miscellaneous Manufacturing in New York Industry

  • American Packaging Corporation, Curbell Incorporated, PolyOne Corporation, SABIC Innovative Plastics,
  • Table: American Packaging Corporation - financial performance
  • Table: Curbell Incorporated - 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 New York 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 New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of plastic materials and resin (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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Plastic Products Miscellaneous Manufacturing in New York contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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

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