Industry Analysis & Industry Trends
The Packaging and Labelling Services industry primarily packages and labels client materials on a contract or outsource basis. Recent environmental concerns have helped shed light on the importance of using green and sustainable inputs in packaging products. Consequently, the Canadian federal government has implemented regulations to promote the use of sustainable materials, thereby driving growth in demand for industry services by encouraging manufacturers to embrace new packaging solutions. In the coming years, the persistently low Canadian Consumer Confidence index will likely limit opportunities for industry expansion, but expected increases in Canada's total annual exports will keep some industry companies afloat... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for the Packaging and Labelling Services industry are relatively low. No capital investments for expensive machinery or equipment are required to start, and industry concentration is low, meaning there are few large multinational players with economies of scale to compete against. The vast majority of industry operators are small businesses that service local or regional clients.
The most significant barrier to entering this industry is the established relationships between existing operators and their clients. A new enterprise, whether offering local or regional services, will have to take the time to develop business relationships with clients that may already have an established history with an existing packaging services provider... purchase to read more