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        Plastic & Rubber Product Manufacturing Industry Profile

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        Excerpt from Plastic & Rubber Product Manufacturing Industry Profile

        Companies in this industry engage in processing plastic materials and raw rubber to produce products such as plastic bags and bottles, plastic film and sheets, plastic pipe and foams, robber hoses, and tires. Major companies include US-based Berry Global Group, Cooper Tire & Rubber, Goodyear, and Newell Brands, as well as Amcor (Australia), Bridgestone (Japan), Michelin (France), Pirelli (Italy), and Reynolds Consumer Products (New Zealand).

        Top global suppliers of plastic and rubber products include China, Germany, and the US. Producers are targeting countries such as India, China, and Brazil for growth.

        The US plastic and rubber product manufacturing industry includes about 12,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $240 billion.

        Tire manufacturers, which are included in the industry, are covered in a separate profile.

        COMPETITIVE LANDSCAPE

        Because plastic products are widely used in industry and as consumer products, demand depends on the overall health of the economy. The profitability of individual companies depends on product mix and production efficiency. Large companies have economies of scale in buying raw materials and in manufacturing commodity products such as bottles and plastic film. Small companies can compete effectively by specializing.

        The US plastic and rubber product manufacturing industry overall is fragmented: the 50 largest companies account for about one-third of sales. However, the industry has hundreds of niches, determined by material type, manufacturing process, and end use, some ...

         
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