Consumer Products: Introduction
Companies in this segment manufacture toiletries and grooming products, as well as products such as soap and detergent.
Home and Office
Companies in this segment manufacture household, office, and institutional furniture.
Luxury and Entertainment
Companies in this segment manufacture jewelry from precious metals, gemstones, and various other materials. Companies also manufacture electronic and non-electronic toys and games.
The Consumer Products industry is Concentrated. The production in this industry is dominated by a many large firms that are capable of shaping the industry’s direction and price levels.
Primary Demand Drivers
- Population growth
- Consumer preferences
- Product innovation
- Effective sales and marketing
- Efficient operations
From the Blog
One of the world’s favorite beverages and a major source of caffeine for many students and employees, coffee continues to be an integral factor in society’s daily routine. According to Business Insider, coffee is the second most sought-after commodity in the entire world, with an industry that is worth over $100 billion across the globe. In terms of exporting alone, the industry is valued at $20 billion and continues to be on the rise—on average, 500 billion cups of coffee are consumed on Earth every year.
Microwavable TV dinner trays, notebooks, tissues, packages, and newspapers are all derived from one of the world’s most used products—paper. According to Green America, “40 percent of the world’s industrial logging goes into making paper, and is expected to reach 50 percent in the near future.” Furthermore, the global consumption of paper has skyrocketed 400 percent in the last four decades, and in the last 20 years alone, the use of paper products has gone up from 92 million tons to 407 million tons in 2014. The worldwide paper industry is the fifth largest consumer of energy and is credited for four percent of the entire population’s energy use.
- SelectUSA (Date Accessed: 6/1/2017)