Plastic & Rubber Product Manufacturing
Brief Excerpt from Industry Overview Chapter:
Companies in this industry manufacture plastic bags and bottles, plastic film and sheets, plastic pipe and foams, rubber hoses, and tires. Major companies include US-based Berry Plastics, Cooper Tire & Rubber, Goodyear, and Newell Rubbermaid, as well as Amcor (Australia), Bridgestone (Japan), Michelin (France), Pirelli (Italy), and Reynolds Group Holdings (New Zealand).
Top global suppliers of plastic and rubber products include China, Germany, and the US. Producers are targeting countries such as India, China, and Brazil for growth.
The US plastic and rubber product manufacturing industry includes about 10,000 companies with combined annual revenue of about $240 billion.
Tire manufacturers, which are included in the industry, are covered in a separate profile.
Because plastic products are widely used in industry and as consumer products, demand depends on the overall health of the economy. The profitability of individual companies depends on product mix and production efficiency. Large companies have economies of scale in buying raw materials and in manufacturing commodity products such as bottles and plastic film. Small companies can compete effectively by specializing.
The US plastic and rubber product manufacturing industry overall is fragmented: the 50 largest companies account for about one-third of sales. However, the industry has hundreds of niches, determined by material type, manufacturing process, and end-use, some of which are dominated by a few producers.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include plastic bags and bottles, plastic film and sheets, plastic pipe and foams, rubber hoses, and tires....
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