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 SWOT Analysis Chapter
Over the past decade, the industry has been characterised by its changing environment. Features currently characterising the industry include the rationalisation of existing brands and products and the constant re-positioning of brands. In line with global trends, a number of players have sought to leave the market echoing the consolidation trends occurring among both the industry's suppliers and buyers.
The industry is currently in the decline stage of its life cycle, with little change expected over the next five years. However, increasing environmental standards may result in changes in detergent and soap formulation as industry participants increasingly focus on the carbon footprint associated with the product... purchase to read more