Plastic Packing Goods Manufacturing in Ireland - Industry Market Research Report

Packing Down: a Sharp Economic Downturn in 2022-23 Will Constrain Industry Revenue Growth

Growth in the industry is largely dependent on the performance of downstream manufacturing industries. Private consumption expenditure picked up prior to the COVID-19 pandemic, which led to growth in many downstream industries. However, public concern over the environmental impact of plastic packaging has constricted revenue growth, while fluctuating exchange rates have ramped up international trade volatility. Over the five years through 2023, industry revenue is expected to grow at a compound annual rate of 0.8% to €523.4 million, including forecast growth of 0.1% in the current year. Companies in this industry manufacture plastic articles for the packing of goods. These products include bags, cases, sacks, boxes, bottles and other containers. 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.