Industry Analysis & Industry Trends
The Soap and Cleaning Compound Manufacturing industry forms part of Australia's formulated hygiene, cosmetic and specialty products sector, worth nearly $10.0 billion in annual retail sales. The industry is dynamic and characterised by strong product innovation, as manufacturers compete to retain consumer interest. A stream of enhanced, repackaged, reformulated and eco-ethical products have been introduced over the past five years. These introductions have helped offset falling revenue in older product categories. The industry contracted significantly between 2010-11 and 2013-14, as former key players moved manufacturing facilities offshore to cheaper Asian countries. However, the industry is now recovering as conditions stabilise... purchase to read more
Industry Report - Industry Investment Chapter
The Soap and Cleaning Compound Manufacturing industry has a low level of capital intensity. This is despite the highly automated nature of industry production processes. These processes have become increasingly capital-intensive in recent years, as industry participants invest in new technologies designed to manufacture a variety of products in either bar, powder or liquid form.
Staff employed in the industry perform a range of activities, from simple manual tasks to operating high-tech production lines. Wage costs have increased at a faster rate than revenue over the past five years, causing wages to increase as a proportion of revenue. For every dollar spent on capital costs, the industry is expected to spend $9.06 on labour in 2016-17... purchase to read more