Plastic Foam Product Manufacturing in Australia - Industry Market Research Report

Plastic Foam Product Manufacturing in Australia

The Plastic Foam Product Manufacturing industry has faced a challenging operating environment over the five years through 2022-23. A decrease in domestic demand for plastic foam products from furniture and motor vehicle manufacturers, along with a decline in dwelling commencements, has reduced plastic foam product sales. The COVID-19 pandemic exacerbated these challenges, leading to economic disruptions and rising costs for key inputs. However, government-imposed lockdowns increased demand for polymeric foam food containers, providing a slight boost to manufacturers amid challenging circumstances. Revenue is expected to decline at an annualised 8.9% over the five years through 2022-23, to an estimated $383.5 million, including an anticipated drop of 5.0% in 2022-23.

Plastic foam product manufacturers produce polymer foam products. Operators also manufacture polymer filler to fill cavities in walls, and as insulation and cushioning materials for swimming pools and spas and for marine flotation.

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.