Industry Analysis & Industry Trends
The Plastic Bag and Film Manufacturing industry is a highly mechanised and generic industry that focuses strongly on domestic consumption. While the comparative ease of entry into the industry has not greatly restricted new entrants, low-cost generic markets have been largely won over by imports with few value added opportunities to offer new entrants. In the five years through 2012-13, IBISWorld expects that industry revenue will decline by an annualised 4.5%. In that time, costs have risen and firms have struggled to pass these rises on to consumers because of increased import competition. Additionally, various governments and companies have either banned or put a levy on plastic bags and promoted plastic bag alternatives... purchase to read more
Industry Report - Industry Products Chapter
The Plastic Bag and Film Manufacturing industry is characterised by three main product segments: plastic bags, plastic films and other packaging material.
Plastic food and beverage wrapping is the industry's largest product segment, accounting for 30.8% of industry revenue. This segment includes fine plastic wrap used by householders and professionals to preserve food, and plastic stretch wrap used to package together single servings of beverage (e.g. cans and plastic bottles). This product segment has grown in line with the rising level of household expenditure, with more food being consumed and more plastic film required to package fresh and other perishable foods stocked in supermarkets and grocery stores... purchase to read more