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 Analysis Chapter
Companies in the industry manufacture plastic bag and film products, ranging from plastic bags used to package fresh produce to plastic films used in agricultural applications. The industry's diverse range of products are then used in a variety of downstream markets. Over the past five years, subdued demand for plastic bags and films from these downstream customers, and intensifying import penetration have characterised the industry's operations. As Australian products are forced to compete with cheaper imports in the global market, the industry's exports have struggled over this period. Industry revenue is estimated to decline at an annualised 0.3% over the five years through 2015-16, to reach $2.2 billion... purchase to read more