Industry Analysis & Industry Trends
The Soap and Cleaning Compound Manufacturing industry forms part of Australia's formulated hygiene, cosmetic and specialty products sector, worth nearly $10.0 billion in annual retail sales. The industry is dynamic and characterised by strong product innovation, as manufacturers compete to retain consumer interest. A stream of enhanced, repackaged, reformulated and eco-ethical products have been introduced over the past five years. These introductions have helped offset falling revenue in older product categories. The industry contracted significantly between 2010-11 and 2013-14, as former key players moved manufacturing facilities offshore to cheaper Asian countries. However, the industry is now recovering as conditions stabilise... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry has been influenced by its changing operating environment over the past decade. In particular, the industry has been characterised by the rationalisation of existing brands and products and the constant repositioning of brands. In line with global trends, several players have sought to leave the market, echoing consolidation occurring among many industry suppliers and buyers.
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 push changes in detergent and soap formulation as industry players focus more on their carbon footprint... purchase to read more