Global Plastic Product & Packaging Manufacturing
The Global Plastic Product and Packaging Manufacturing industry has experienced mixed results over the past five years. It has benefited from increasing consumption of plastic across the world, and rising capacity worldwide has resulted in strong growth in overall plastic production. Plastic goods are substituted for a variety of materials such as wood, paper, metals and glass, and is often more price competitive while offering better performance. Global demand for industry products has been healthy over the past five years. A wide variety of manufacturing industries use plastic products, including those involved in food and beverages, household chemicals, pharmaceuticals, automobiles, furniture and household appliances. Over the five years to 2023, the industry is expected to prosper due to continuing improvements in demand for plastic. Further, rising oil prices will increase input costs, putting upward pressure on industry prices.
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.
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