Pack up: Foreign competition and environmental concerns will constrain industry growth

The Plastic Film, Sheet and Bag Manufacturing industry has been facing improving domestic demand conditions over the past five years as the Canadian economy has recovered from the economic downturn. However, industry growth has still been limited, stifled by import competition from US manufacturers. Over the five years to 2023, imports will increasingly meet domestic demand, and domestic manufacturers will face pressure from foreign competition. The United States will continue to supply the vast majority of imports and, as a result, domestic operators will likely look to consolidate to compete against US counterparts...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
4.0%
Forecast Growth 18-23
Profit
Employment
13,475
Businesses
265
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Imports will increasingly meet domestic demand, and manufacturers will endure foreign competition
  • The bulk of the industry’s costs are concentrated in raw material purchases
  • Imports will be the greatest competitive threat to the industry’s performance
  • Industry Report - Industry Analysis Chapter

    The Plastic Film, Sheet and Bag Manufacturing industry in Canada supplies a range of plastic products that aid other industries in the packaging and distribution of goods. Over the five years to 2018, IBISWorld expects industry revenue to grow steadily at an annualized rate of 4.0% to $5.9 billion, which includes projected growth of 1.5% over 2018. During this period, the industry experienced a boost in revenue as a result of improving Canadian employment and consumer spending. Consumers reacted to improving economic conditions by purchasing more discretionary items, on top of increasing their purchases of staples. This, in turn, increased demand for plastic films, sheets and packaging produced by this industry...purchase to read more.

    Additional Insights for the Plastic Film, Sheet & Bag Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plastic Film, Sheet & Bag Manufacturing Industry are

  • Undertaking technical research and development
  • Use of production techniques that add value to base product(s)
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Demand from food manufacturing in the Plastic Film, Sheet & Bag Manufacturing industry impact industry performance..

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    What's in this report

    What is the Plastic Film, Sheet & Bag Manufacturing Industry?

    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 multiwall plastic bags.

    Industry Products
  • Plastic packaging film and sheets
  • Plastic bags and pouches
  • Plastic film and sheets (excluding packaging)
  • Industry Activities
  • Manufacturing plastic film for food storage bags
  • Manufacturing plastic film for grocery bags
  • Manufacturing plastic film for merchandise bags
  • Manufacturing plastic film for trash bags
  • Manufacturing plastic film for packaging
  • Manufacturing plastic film (except for packaging)
  • Plastic film and unlaminated sheet (except packaging)
  • Manufacturing unlaminated plastic sheets (except packaging)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Demand from food manufacturing
  • Canadian-dollar effective exchange rate index
  • World price of crude oil
  • World price of natural gas

  • Current Performance
  • Foreign competition persists
  • Profit constraints
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Foreign competition persists
  • Profit constraints
  • Industry structure
  • Table: Plastic Film, Sheet & Bag Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plastic Film, Sheet & Bag Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Snack Food Production in Canada
  • Soda Production in Canada
  • Cigarette & Tobacco Manufacturing in Canada
  • Supermarkets & Grocery Stores in Canada
  • Warehouse Clubs & Supercentres in Canada

  • Key Selling Industries
  • Inorganic Chemical Manufacturing in Canada
  • Plastic & Resin Manufacturing in Canada

  • Products & Services
  • Plastic film and sheets (excluding packaging)
  • Plastic packaging film and sheets
  • Plastic bags and pouches
  • Chart: Plastic Film, Sheet & Bag Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Food and beverage
  • Pharmaceutical, medical and hygiene
  • Other
  • Industrial markets
  • Chart: Major Market Segmentation for the Plastic Film, Sheet & Bag Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Plastic Film, Sheet & Bag Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plastic Film, Sheet & Bag Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Plastic Film, Sheet & Bag Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Plastic Film, Sheet & Bag Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Extrusion
  • A process of shaping melted plastic into a single, undeviating form, such as a tube.
  • Polyethylene
  • A tough, light, flexible synthetic resin made by polymerizing ethylene, chiefly used for plastic bags, food containers and other packaging. It is one of the most common plastics.
  • Polymer
  • A molecule made from joining together many small molecules called monomers
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Plastic Film, Sheet & Bag Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Plastic Film, Sheet & Bag Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Plastic Film, Sheet & Bag Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Plastic Film, Sheet & Bag Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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