Global Plastic Product & Packaging Manufacturing
Over the five years to 2017, plastic consumption has remained consistent. Plastic products have increasingly substituted materials such as wood, paper, metals and glass in many applications. Plastic is often more price-competitive and also offers better performance. As a recyclable material, plastic provides environmental benefits such as waste reduction and energy savings. Even with these positive trends, revenue for the Global Plastic Product and Packaging Manufacturing industry is expected to decline over the five years to 2017. This decrease has been underpinned by dramatically reduced world oil prices, which reduce input costs and also limit selling prices to downstream industries. Revenue is expected to recover moving forward. Over the five years to 2022, the industry is expected to prosper thanks to continuing improvements in demand for plastic. However, input price volatility and concerns about a slowdown in developing Asian economies, notably China, will threaten the industry over the next five years.
Enterprises in this industry manufacture a variety of plastic goods, including plastic building materials, products used to package food and beverages and plastic products used to manufacture furniture and other durable goods. Companies that manufacture foam products, such as those used in automotive manufacturing and insulation for housing, are also included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.