AFA Reports – Plastic Foam Product Manufacturing in Australia 2017
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Companies in the industry manufacture polymer foam products. Furniture manufacturers rely on polyurethane foams for cushioning, padding and upholstery purposes in bedding and chair products. It is also widely used for packaging in the furniture sector.
- Revenue $650.8m
- Profit $72.9m
- Wages $108.7m
- Businesses 134
- Annual Growth 2017-22 -0.5%
- Annual Growth 2012-17 1.1%
The Plastic Foam Product Manufacturing industry has experienced mixed fortunes over the past five years. Industry revenue is expected to increase by an annualised 1.1% over the five years through 2016-17, to reach $650.8 million. As traditional buyers, such as the Motor Vehicle Manufacturing industry, have been relocating operations offshore, rising consumer discretionary spending has kept demand for plastic foam products afloat. This spending, in turn, supports demand for manufacturing and construction industries that use plastic foam products as inputs in production.