Packaging & Labeling Services in California
California industry revenue growth has been outpaced at the national level. The primary factor that has constricted revenue growth in California has been high real estate, utility and wage costs, all of which are above the national average. Not only have these factors put pressure on industry operators themselves, but have also been detrimental to the California manufacturing sector. As the minimum wage increases, operators will introduce automation where possible, but wage increases are expected to curb revenue growth over the five years to 2022. The wage increase will limit operators' ability to scale up operations to meet demand.
Industry operators in California primarily package client-owned materials on a contract or outsource basis. Operators provide labeling and imprinting package services as well. The industry excludes activity related to the manufacturing of packaging or labeling products.
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.
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