Plastic Packing Goods Manufacturing in the UK - Industry Market Research Report

Wrapped up: Plastic packaging manufacturers see their profitability fall as input and energy costs surge

Plastic packaging goods manufacturing revenue is expected to fall at a compound annual rate of 2.6% over the five years through 2023-24 to £4.4 billion, including a forecast rise of 1.8% in 2023-24. Plastic packing goods manufacturers have had to contend with fierce competition, erratic input prices and volatile demand. Government initiatives, including levies imposed on plastic carrier bags, have shifted products from plastic to more environmentally bio-plastic packaging, ramping up purchase costs and weighing on margins.

Companies in this industry manufacture rigid and flexible plastic articles to pack goods. These products include bags, cases, sacks, boxes and bottles.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.