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 - Industry SWOT Analysis Chapter
The Packaging and Labelling Services industry is currently in a decline phase of its life cycle. In the 10 years to 2020, industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to remain stagnant. In comparison, Canadian GDP growth is expected to rise 2.2% during the same period. An industry's value added lagging behind the national GDP indicates the industry's decline, as the industry makes up a smaller and smaller portion of the overall Canadian economy.
Discouraged by slow growth in domestic manufacturing and a doggedly low Consumer Confidence index, industry operators are engaging in merger and acquisition activity or exiting the industry altogether... purchase to read more