Package deal: Demand for industry services will increase as consumer spending continues to grow

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 13-18
3.3%
Forecast Growth 18-23
Profit
Employment
57,343
Businesses
10,963
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • With consumer spending on the rise, demand for packaging services will increase
  • E-commerce sales, in particular, have been a main driver for consumer expenditure
  • Macroeconomic growth and stability will continue to be the primary growth drivers for the industry
  • Industry Report - Industry SWOT Analysis Chapter

    The Packaging and Labeling Services industry is in the mature phase of its life cycle. Industry value added (IVA), which measures the industry's contribution to the US economy, is expected to increase at an annualized rate of 2.0% over the 10 years to 2023, while US GDP is forecast to grow at an annualized rate of 2.2% during the same period. IVA growth is roughly in line with GDP growth during the period, which is typically indicative of an industry in the mature phase of its life cycle.Larger operators tend to have an advantage in the industry because they have more capital and are better able to absorb investments in high-tech packaging and labeling equipment, which helps improve operating efficiencies, and offer higher margin high-tech services. Eve...purchase to read more.

    Additional Insights for the Packaging & Labeling Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Packaging & Labeling Services Industry are

  • Ability to manage external (outsourcing) contracts
  • Ability to change which market the company operates in
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Consumer spending and commerce sales in the Packaging & Labeling Services industry impact industry performance..

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    What's in this report

    What is the Packaging & Labeling Services Industry?

    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.

    Industry Products
  • Packaging
  • Labeling
  • Assembly and fulfillment
  • Industry Activities
  • Blister packaging services or skin packaging services
  • Cosmetic kit assembling and packaging services
  • Textile and apparel folding and packaging services
  • Labeling services
  • Mounting merchandise on cards
  • Packaging services (except packing and crating for transportation)
  • Product sterilization and packaging services
  • Shrink-wrapping services
  • Gift-wrapping services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • commerce sales
  • Demand from cosmetic and beauty products manufacturing
  • Demand from generic pharmaceutical manufacturing
  • Demand from snack food production
  • Trade-weighted index

  • Current Performance
  • Demand for industry services
  • Industry structure and trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Driving demand
  • Profit and landscape
  • Table: Packaging & Labeling Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Packaging & Labeling Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Chocolate Production
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Hardware Manufacturing
  • Auto Parts Manufacturing
  • Retail Trade

  • Key Selling Industries
  • Cardboard Box & Container Manufacturing
  • Forklift & Conveyor Manufacturing
  • Glass Product Manufacturing
  • Metal Can & Container Manufacturing
  • Plastic Bottle Manufacturing

  • Products & Services
  • Packaging
  • Other
  • Assembly and fulfillment
  • Labeling
  • Chart: Packaging & Labeling Services Industry Products and Services Segmentation

  • Demand Determinants
  • Regulation and Specialization

  • Major Markets
  • Food/beverage producers
  • Other
  • Cosmetics and personal care product producers
  • Pharmaceutical and medical products manufacturers
  • Hardware manufacturers
  • Electronic goods manufacturers
  • Apparel/textile producers
  • Chart: Major Market Segmentation for the Packaging & Labeling Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Packaging & Labeling Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Packaging & Labeling Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Packaging & Labeling Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Packaging & Labeling Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer Spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Antistatic Bags
  • A bag used for shipping components that can be damaged by static electricity.
  • Blister Packaging
  • Packaging consisting of a solid backing with clear plastic formed around the mold of a product.
  • Clamshell Packaging
  • Packaging consisting of transparent plastic packages with one or more hinges.
  • Contract Packaging
  • The packaging and labeling of goods supplied by manufacturers or importers. Also known as copacking.
  • Field Rations
  • A prepackaged meal that is easily prepared and eaten by military troops on the battlefield.
  • On-Demand Packaging
  • Packaging services that tailor package design on a per-contract basis.
  • Shrink Banding
  • Packaging consisting of plastic bands which are heated to shrink and fit tightly around an item or items.
  • Shrink Wrapping
  • Packaging consisting of plastic film that binds loose or packaged goods together for transport and display.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Packaging & Labeling Services Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Packaging & Labeling Services industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Packaging & Labeling Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Packaging & Labeling Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Packaging & Labeling Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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