Industry Analysis & Industry Trends
Consumers are increasingly purchasing fast food, which is driving growth in the Paper Bag and Other Paper Product Manufacturing industry. The purchases of food from supermarkets and cement are also areas of significant growth for the industry. Takeaway food stores package their food in paper bags, while cement is packaged in durable paper sacks and most foods are labelled with adhesive labels. The popularity of paper bags has been generated by large companies and organisations supporting the switch away from plastic packaging. In addition, the Australian Capital Territory has implemented a total ban on plastic shopping bags. The Australian Greens party is lobbying for a wider ban or levy... purchase to read more
Industry Report - Starting a New Business Chapter
The main barriers for a new operator entering the industry are the cost of setting up a business and the accessibility to finance. The cost of machinery can vary depending on the size and the number of converting machines required; each machine can cost as little as $20,000 or upward of $300,000. Borrowing money from financial institutions can pose a problem if lenders are concerned about industry profitability and growth. This problem has been heightened by the global financial crisis and subsequent credit crunch. Small and medium businesses are among the most likely to be declined credit... purchase to read more