Industry Analysis & Industry Trends
The Plastic Bag and Film Manufacturing industry has performed poorly over the past five years due to strong import competition and the ban of high-density polyethylene (HDPE) bags in several states and territories. Imports from countries with lower operating costs such as China and Thailand have dominated the industry's generic product segments. A strong Australian dollar over the three years through 2012-13 hurt the local industry by making imports comparatively cheaper for downstream retail and construction industries. Australian exports also became more expensive in overseas markets... 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. Rising awareness about environmental issues and the effect that plastic bags and film have when they are disposed of incorrectly have resulted in several bans across Australia over the past five years. As a result, many downstream customers, particularly retailers that offer HDPE and LDPE for customers to carry their goods, have demanded fewer industry products.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to decline at a compound annual rate of 2.8% over the 10 years through 2019-20. The industry is therefore expected to underperform annualised GDP growth of 2.7% over the same period... purchase to read more