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 by packaging consumer goods. Accordingly, improved consumer spending over the five years to 2018 has supported industry growth. As US consumption has risen, manufacturers have expanded production, thereby increasing the number of products that need to be packaged and thus increasing demand for industry services. Over the five years to 2023, IBISWorld anticipates that the industry will continue growing, albeit at a slower pace than during the previous period. In particular, consumer spending and e-commerce are expected to continue to drive growth.
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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