Packaging & Labeling Services in the US - Industry Market Research Report

Packaging & Labeling Services in the US - Industry Market Research Report
Packaging & Labeling Services in the US

Revenue for the Packaging and Labeling Services industry fluctuates in line with consumer spending, as service providers earn most of their revenue from contract package and labeling services provided to fast-moving consumer goods (FMCG) and pharmaceutical product manufacturers. As US consumption has risen for the majority of the period, manufacturers have expanded production, thereby increasing the number of products that need to be packaged and thus increasing demand for industry services. Overall, industry revenue is anticipated to have increased an annualized 4.3% to $11.8 billion over the past five years. In 2023, revenue is anticipated to rise 2.1% due to rising consumer spending.

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.