Packaging & Labeling Services in the US
Revenue for the Packaging and Labeling Services industry generally fluctuates in line with consumer spending trends, as industry operators earn most of their revenue on consumer goods. Industry companies primarily package and label customer-owned goods, adding value through efficiency gains. Accordingly, improved consumer spending over the five years has supported industry growth. As US consumption has risen, manufacturers have expanded production, thereby increasing demand for industry services. Overall, industry revenue is anticipated to increase over the five years to 2017. Growth in the economy over the period, particularly through increased consumer spending, will drive industry revenue growth. As employment figures have improved, so has consumer confidence. Individuals with greater disposable income have become more likely to spend, which has driven discretionary consumer purchases. Manufacturers responded through increased production, and industry operators gained more business as a result.Over the five years to 2022, IBISWorld anticipates the industry will continue growing, albeit at a slower pace than the over previous period.
Industry operators primarily package client-owned materials on a contract or outsource basis and provide labeling and imprinting package services. The industry excludes activity related to the manufacture 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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