Industry Analysis & Industry Trends
Representing roughly 5.7% 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 is worth nearly $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
The Soap and Cleaning Compound Manufacturing industry has a low level of capital intensity. This is in spite of the nature of the production processes used by the industry. These processes have 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.
Staff employed in the industry perform a range of activities, from simple manual tasks to operating high-tech production lines. With wage costs falling at a slower rate than revenue over the past five years, wages have increased as a proportion of revenue... purchase to read more