Needing flexibility: Players focus on niche products to help compete with low-cost imports

Operators in the Rigid and Semi-Rigid Polymer Product Manufacturing industry have faced difficult trading conditions over the past five years. Downstream manufacturers have struggled to compete with low-cost foreign manufacturers that can produce products at far lower prices. As a result, domestic demand for industry products has declined over the past five years. Downstream customers typically seek the most cost-effective input materials to remain competitive and generate stronger margins. This trend has contributed to cheaper imports accounting for a larger share of domestic demand over the period. Industry revenue is expected to decline at a compound annual rate of 5.9% over the five years through 2017-18, to $868.6 million. This includes an anticipated decline of 2.8%...read more.

Industry Statistics & Market Size
Revenue
$869m
Annual Growth 13-18
-5.9%
Forecast Growth 18-23
x.x%lock
Profit
x.x%lock
Employment
4,074
Businesses
231
Market Share of Companies

Industry Threats & Opportunities

  • Import competition from low-cost foreign manufacturers has increased over the past five years
  • Import competition generally comes from low-cost foreign manufacturers that produce discounted goods
  • The New Zealand dollar is forecast to depreciate over the five years through 2022-23

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    Industry Report - Industry Key Buyers Chapter

    The Rigid and Semi-Rigid Polymer Product Manufacturing industry exhibits low market share concentration. The four largest industry players are expected to account for less than 40% of industry revenue in 2017-18. Given the range of products industry operators produce, it is difficult for a single enterprise to command significant market share. Outside of Hanger Holdings Limited, no industry player is expected to account for over 5.0% of industry revenue in 2017-18. The majority of industry operators tend to be small firms that produce rigid and semi-rigid polymer products for markets in their region...purchase to read more.

    Additional Insights for the Rigid and Semi-Rigid Polymer Product Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Rigid and Semi-Rigid Polymer Product Manufacturing are:

  • Output is sold under contract - incorporate long-term sales contracts
  • Ability to alter goods and services produced in favour of market conditions
  • Access to the latest available and most efficient technology and techniques

    • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Demand from milk and cream processing in the Rigid and Semi-Rigid Polymer Product Manufacturing industry impact industry performance..

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    Industry Products

    What is the Rigid and Semi-Rigid Polymer Product Manufacturing in New Zealand Industry?

    Industry operators manufacture a range of rigid and semi-rigid plastic products, including bottles, containers, furniture, pipes and other household and commercial-use products.

    Industry Products
  • Plastic packaging
  • Plastic pipes and plumbing fittings
  • Plastic bottles
  • Household product containers
  • Other products
    • Industry Activities
  • Plastic bottle
  • Plastic bottle tops
  • Plastic furniture
  • Plastic food container
  • Polymer container
  • Plastic veneers
  • Plastic tableware
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Demand from milk and cream processing
  • Demand from soft drink, juice and bottled water manufacturing
  • Domestic price of plastic and rubber products

    • Current Performance
  • Revenue and profitability
  • Export markets
  • Input costs
  • Industry globalisation
  • Industry participation
  • Downstream demand
  • Chart: Revenue Growth

    • Industry Outlook
  • Revenue and profitability
  • Imports and exports
  • Industry participation
  • Environmental concerns
  • Technological developments
  • Table: Rigid and Semi-Rigid Polymer Product Manufacturing Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Rigid and Semi-Rigid Polymer Product Manufacturing Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Furniture and Floor Covering Wholesaling in New Zealand
  • Cheese, Butter and Milk Powder Manufacturing in New Zealand
  • Soft Drink, Juice and Bottled Water Manufacturing in New Zealand
  • Veterinary Pharmaceutical and Medicinal Product Manufacturing in New Zealand

    • Key Selling Industries
  • Industrial and Agricultural Chemical Product Wholesaling in New Zealand
  • Industrial and Mining Machinery Wholesaling in New Zealand

    • Products & Services
  • Plastic packaging
  • Plastic pipes and plumbing fittings
  • Plastic bottles
  • Other products
  • Household product containers
  • Chart: Rigid and Semi-Rigid Polymer Product Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Construction companies
  • Other markets
  • Beverage manufacturers
  • Food manufacturers and wholesalers
  • Household product manufacturers
  • Chart: Major Market Segmentation for the Rigid and Semi-Rigid Polymer Product Manufacturing Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Rigid and Semi-Rigid Polymer Product Manufacturing

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Rigid and Semi-Rigid Polymer Product Manufacturing Industry

    • Industry Globalization

    Major Companies

    Hanger Holdings Limited,
  • Table: Hanger Holdings Limited - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Rigid and Semi-Rigid Polymer Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Rigid and Semi-Rigid Polymer Product Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Extrusion
  • A manufacturing process that uses compressive and shear stresses on hot and cold materials, such as polymers, to produce products of a desired shape.
    • Polymer
  • A large molecular compound used as an input in the production of synthetic fibres such as plastic.
    • Thermoplastic
  • A polymer that becomes a liquid when heated and freezes into a glassy solid when cooled.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Rigid and Semi-Rigid Polymer Product Manufacturing in New Zealand market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Rigid and Semi-Rigid Polymer Product Manufacturing in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Rigid and Semi-Rigid Polymer Product Manufacturing in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Rigid and Semi-Rigid Polymer Product Manufacturing in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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