Over the five years through 2014-15, the Packaging Services industry is expected to perform well despite poor upstream manufacturing conditions. The fortunes of the industry are largely tied to the performance of domestic manufacturing. However, as domestic manufacturing conditions have become tougher, manufacturers have increasingly outsourced non-core activities such as packaging. As a result, industry revenue is expected to increase at an annualised 0.4% over the five years through 2014-15. In 2014-15, revenue is forecast to grow by 2.1% to total $1.5 billion as more upstream manufacturers use third-party packaging services.
Companies in this industry pack goods in bottles, cans, cartons, collapsible tubes, plastic sachets, plastic film or bags, or other containers or materials on a contract or fee basis. Activities excluded from this industry include packaging of agricultural produce, food, beverages and tobacco.
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.