Industry Analysis & Industry Trends
The Plastic Bag and Film Manufacturing industry has struggled over the past five years due to strong and rising competition from cheaper imported products, and sluggish domestic demand for plastic bags and films. Imports from countries that have lower operating costs, particularly China, dominate the industry's generic product segments, including high-density polyethylene (HDPE) supermarket bags, low-density polyethylene (LDPE) retail bags and other plastic garbage bags. Many small-scale local companies that manufacture these products have been increasingly unable to compete on price, which has caused the number of enterprises and establishments to decline over the past five years.
Revenue is estimated to fall at a compound annual rate of 0.3%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Plastic Bag and Film Manufacturing industry is in the declining stage of its economic life cycle. The industry's plastic bag and film products are used in a diverse range of downstream industries. Manufacturers, wholesalers, retailers, construction companies and agricultural firms all require different industry products, from bread and fresh produce bags and stretch films to large-scale pallet liners and agricultural films. Over the past five years, these downstream markets have increasingly sourced plastic bags and films from overseas manufacturers, which has underpinned the industry's decline.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy... purchase to read more