Industry Analysis & Industry Trends
Representing roughly 5.5% of Australia's overall chemical production industry by revenue, the Australian Soap and Cleaning Compound Manufacturing industry has a long and varied history. The industry forms part of Australia's formulated hygiene, cosmetic and specialty products sector, which has an economic footprint worth $10.0 billion in annual retail sales (according to industry body Accord Australasia Ltd).
Industry products are designed and formulated using simple chemistry, but the industry itself is dynamic and characterised by strong product innovation as manufacturers compete to retain consumer interest. A continued stream of new, enhanced, repackaged, reformulated and eco-ethical products have been introduced over the past five years... purchase to read more
Industry Report - Industry Investment Chapter
As with other components of chemical industries, the Soap and Cleaning Compound Manufacturing industry has a medium level of capital intensity. This reflects the nature of the production processes used by the industry, which have tended to become increasingly capital intensive in recent years as industry participants invest in new technologies designed to manufacture a variety of products in either bar, powder or liquid form.
The actual manufacturing process also tends to be highly automated, which explains the relatively low reliance on labour inputs. Staff employed in the industry perform a range of activities, from simple manual tasks to operating high-tech production lines.
In 2014-15, the industry will spend $8.03 on labour for every dollar spent on capital... purchase to read more