Over the past five years, consumers have increased their consumption of plastic. Plastic products have increasingly substituted materials such as wood, paper, metals and glass in many applications. Plastic is often more price-competitive, and also offers better performance. As a recyclable material, plastic also provides environmental benefits, such as waste reduction and energy savings. This trend bodes well for global plastic product manufacturers, with revenue expected to grow 1.7% in 2015 to $799.5 billion, capping annualized growth of 2.5% in the past five years.
Enterprises in this industry manufacture a variety of plastic goods, including plastic building materials, products used to package food and beverages and plastic products used to manufacture furniture and other durable goods. Companies that manufacture foam products, such as those used in automotive manufacturing and insulation for housing, are also included in this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.