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 with 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 enterprise and establishment numbers to decline over the past five years.
Revenue is expected to fall at a compound annual rate of 0.3% over the five years through 2015-16, to reach $2.2... purchase to read more
Industry Report - Industry Products Chapter
Companies that operate in the industry manufacture a range of products that can be broadly segmented into plastic films and plastic bags.
Plastic films are the industry's largest product segment. This segment includes fine plastic wrap that household consumers and professionals use to preserve food, and plastic stretch wrap that is used to package cans, plastic bottles and other consumer goods. Plastic wrap improves hygiene and decreases the likelihood of contamination during food and beverage production processes. Fragile packages are also often wrapped in protective plastic sheets and films during transportation and storage. Plastic stretch film is used to package construction materials... purchase to read more