Plastic packing goods manufacturing market in the United Kingdom to grow 0.9% CAGR between 2014-19
Plastic Packing Goods Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-21 10:11:02
The Plastic Packing Goods Manufacturing industry produces a range of packaging used by numerous industries to market and transport their products. Industry growth was hampered by the economic downturn between 2009 and 2011. Since household and business budgets were squeezed, spending on packaged products was lower and demand for the packaging to sell it in fell. Industry participants also faced rising raw material costs and shortages of key polymer inputs, which upped costs and put pressure on their profit margins.
In 2011-12, plastic packing goods manufacturers stepped up the fight for market share and beat out rival packaging alternatives like glass, metal, paper and board. Innovation and continued technological development were key to helping the industry return to revenue growth. However, this has since stalled due to continued economic hardship, which is limiting both general expenditure and industrial production, hurting demand for packaging.
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