Plastic Film, Sheet and Bag Manufacturing in Canada Industry Market Research Report Now Available From IBISWorld

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Over the next five years, demand from domestic and foreign markets is expected to strengthen, which will bolster revenue growth. For these reasons, industry research firm IBISWorld has added a report on the Plastic Film, Sheet and Bag Manufacturing industry to its growing industry report collection.

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Stronger demand from key downstream industries helped fuel the industry's recovery.

After a rough patch during the recession, revenue for the Plastic Film, Sheet and Bag Manufacturing industry bounced back in 2010 and has been on the rise ever since. “Stronger domestic demand from food and beverage manufacturers, building material manufacturers, wholesalers and retailers have helped fuel the industry's post-recession recovery,” according to IBISWorld Industry Analyst Sean Windle. Also contributing to strong revenue growth the past few years is stronger demand from the United States, the industry's largest trading partner. These factors have led to revenue growing at an annualized rate of 0.4% over the past five years to $3.5 billion, including a 1.4% gain in 2013.

The one-two punch of lower domestic demand and lower demand from foreign markets caused a severe drop in industry demand, with revenue falling 6.4% in 2008 and 7.3% in 2009. “In response to lower demand and revenue, industry operators cut employment and consolidated operations in order to preserve profit,” says Windle. Tough economic conditions and constrained profit also accelerated industry consolidation. In the five years to 2013, the number of companies operating within this industry has fallen at an annualized rate of 1.2% to 197 enterprises.

Over the next five years, demand from domestic and foreign markets is expected to strengthen, which will bolster revenue growth. While stronger revenue growth is good news, operators continue to face threats in the form of rising import penetration, which is expected to constrain profit growth over the next five years.

For more information, visit IBISWorld’s Plastic Film, Sheet and Bag Manufacturing in Canada industry report page.

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IBISWorld industry Report Key Topics

This industry converts plastic resins into various films, sheets and bags. Industry products are used by manufacturers for packing and storing products, by retailers for transporting merchandise, and by consumers for household purposes. Industry operators also form, coat or laminate plastic film and sheets into single-wall or multi-wall plastic bags.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
IBISWorld
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