Industry Analysis & Industry Trends
Over the past five years, the suppressed levels of consumer spending and rising operating expenditures hindered demand from the manufacturing market. The recession negatively impacted this segment, leading to a significant reduction in packaging and labelling services. But as demand for packaging and labelling services rises in line with an improving economy, the industry is forecast to turn around. Additionally, the industry is set to benefit from an increased level of exports, spurred by new trade agreements and recovering economies abroad... 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