Industry Analysis & Industry Trends
Representing roughly 8.0% of Australia's overall chemical production industry (by revenue), the Australian Soap and Cleaning Compound Manufacturing industry has a long and varied history. It also forms part of Australia's formulated hygiene, cosmetic and specialty products industry, which according to industry body Accord Australasia Ltd has an economic footprint worth $10 billion in annual retail sales.
Industry products are designed and formulated using simple chemistry, but the industry itself is dynamic, 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, and this trend is expected to continue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the past decade the industry has been characterised by its ongoing changing landscape. 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 amongst both the industry's suppliers and buyers.
This suggests that the industry is currently in the mature 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