Global Plastic Product & Packaging Manufacturing - Market Research Report (2014-2029)
New York, United States
Last Updated: February 2024
C1951-GLRevenue
$608.7bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
5m
Businesses
121k
Wages
$XXX.Xbn
Global Plastic Product & Packaging Manufacturing industry analysis
Global plastic product and packaging manufacturers have experienced mixed results over the five years to 2024. The industry has benefited from increasing plastic consumption worldwide, as rising capacity worldwide has resulted in solid growth in overall plastic production. Plastic goods are substituted for materials like wood, paper, metals, and glass, which are often more price-competitive while offering better performance. Because of rising consumption and production during most of the current period, industry revenue is forecast to have risen at a CAGR of 0.9% to $609.0 billion through 2024, with forecast growth of 2.1% during the current year.
Trends and Insights
- There is a growing trend toward more sustainable packaging options, like biodegradable plastics, recycled materials and compostable packaging. Many consumers are becoming more aware of the environmental impact of single-use plastics and are looking for more sustainable alternatives.
- New technological advances are making it possible to manufacture plastic containers and packaging products that are lighter, stronger, and more durable. This has led to the development of new packaging solutions that can better protect products during shipping and storage.
- Plastic product and packaging manufacturers need access to raw materials, like petroleum, natural gas, and other chemicals, to produce their products. Therefore, manufacturers may locate in regions with abundant and readily available resources.
- The cost of producing plastic products and packaging is a significant factor in determining competition within the industry. Companies that can produce products at a lower cost are typically able to offer lower prices and gain a competitive advantage.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $608.7bn in 2024.
Trends and Insights
E-commerce has driven growth and innovation for manufacturers
- E-commerce has been a significant growth driver in the global plastic product and packaging manufacturers, particularly in the last few years.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
E-commerce growth is expected to continue to drive demand
- The growth of e-commerce is expected to continue to drive demand for plastic packaging, particularly for food, beverages, and consumer goods. This will require the development of packaging solutions that are both protective and sustainable.
Biggest companies in the Global Plastic Product & Packaging Manufacturing
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Saudi Basic Industries Corporation | 18,881.1 | N/A | N/A | |
Evonik Industries AG | 3,496.5 | N/A | N/A | |
Illinois Tool Works Inc. | 2,097.9 | N/A | N/A |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Plastic containers and packaging products, Miscellaneous plastic products and Intermediate and other plastic goods. Plastic containers and packaging products is the largest segment of the Global Plastic Product & Packaging Manufacturing.
Trends and Insights
Plastic containers and packaging products have become more environmentally friendly
- According to manufacturers, there are two main segments in the plastic container industry: conventional plastic containers, which include containers for a drink and are manufactured in large numbers, and custom containers, which are tailor-made to have unique characteristics, like heat resistance or air tightness.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Global Cardboard Box & Container Manufacturing
- Global Glass and Glass Products Manufacturing
Complementors
- Global Soft Drink & Bottled Water Manufacturing
- Global Auto Parts & Accessories Manufacturing
International industries
- Plastic Film, Sheet & Bag Manufacturing in the US
- Plastic Pipe & Parts Manufacturing in the US
- Laminated Plastics Manufacturing in the US
- Plastic Bottle Manufacturing in the US
- Plastic Products Miscellaneous Manufacturing in the US
Table of Contents
About this industry
Industry definition
Enterprises in the Global Plastic Product and Packaging Manufacturing 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.
What's included in this industry?
Plastic containers and packaging productsMiscellaneous plastic productsIntermediate and other plastic goodsCompanies
Saudi Basic Industries CorporationEvonik Industries AGIllinois Tool Works Inc.Purchase this report to view all 3 major companies in this industry.
Related Terms
PLASTICRESINPOLYMERPOLYETHYLENE TEREPHTHALATE (PET)EXTRUSIONPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
There is a growing trend toward more sustainable packaging options, like biodegradable plastics, recycled materials and compostable packaging. Many consumers are becoming mor...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
New technological advances are making it possible to manufacture plastic containers and packaging products that are lighter, stronger, and more durable. This has led to the d...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Plastic product and packaging manufacturers need access to raw materials, like petroleum, natural gas, and other chemicals, to produce their products. Therefore, manufacturer...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2024
- Share of population compared to output in each region in 2024
- Data tables
- Share of global output by region in 2024
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The cost of producing plastic products and packaging is a significant factor in determining competition within the industry. Companies that can produce products at a lower co...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
SABIC has expanded its production capacity for certain plastic products, like polypropylene and polyethylene, to meet growing demand from customers.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Saudi Basic Industries Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Evonik Industries AG's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Illinois Tool Works Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Saudi Basic Industries Corporation, and factors influencing its performance in the industry
- Description and key data for Evonik Industries AG, and factors influencing its performance in the industry
- Description and key data for Illinois Tool Works Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulations surrounding the manufacturing of plastic products have expanded in recent years. Numerous countries have implemented policies aimed at curbing climate change and ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The price of raw materials used in plastic product and packaging manufacturing, like petroleum, can significantly impact profitability. Fluctuations in these prices can make ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Plastic Product & Packaging Manufacturing industry in Global in 2024?
The market size of the Global Plastic Product & Packaging Manufacturing industry in Global is $608.7bn in 2024.
How many businesses are there in the Global Plastic Product & Packaging Manufacturing industry in 2024?
There are 121k businesses in the Global Plastic Product & Packaging Manufacturing industry in Global, which has declined at a CAGR of 0.6 % between 2019 and 2024.
Has the Global Plastic Product & Packaging Manufacturing industry in Global grown or declined over the past 5 years?
The market size of the Global Plastic Product & Packaging Manufacturing industry in Global has been growing at a CAGR of 0.9 % between 2019 and 2024.
What is the forecast growth of the Global Plastic Product & Packaging Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Plastic Product & Packaging Manufacturing industry in Global is expected to grow.
What are the biggest companies in the Global Plastic Product & Packaging Manufacturing market in Global?
The biggest companies operating in the Global Plastic Product & Packaging Manufacturing market in Global are Saudi Basic Industries Corporation, Evonik Industries AG and Illinois Tool Works Inc.
What does the Global Plastic Product & Packaging Manufacturing in Global include?
Plastic containers and packaging products and Miscellaneous plastic products are part of the Global Plastic Product & Packaging Manufacturing industry.
Which companies have the highest market share in the Global Plastic Product & Packaging Manufacturing in Global?
The company holding the most market share in Global is Saudi Basic Industries Corporation.
How competitive is the Global Plastic Product & Packaging Manufacturing industry in Global?
The level of competition is high and increasing in the Global Plastic Product & Packaging Manufacturing industry in Global.
