The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for food and beverages is likely to promote innovation in the manufacturing of packaging and labelling services, propelling the market over the forecast period.

The global packaging and labeling services market is expected to grow from $44.26 billion in 2022 to $47.85 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The global packaging and labeling services market size is expected to reach $60.89 billion in 2027 at a CAGR of 6.2%.

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Global Packaging And Labeling Services Market Segments Include:

• By Packaging Type: Primary, Secondary
• By Material Type: Bioplastic, Paper, Plastic
• By End User: Healthcare, Pharmaceutical, Personal Care, Food And beverages, Transport And logistics, Automotive And Aerospace, Retail And E-Commerce
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global packaging and labeling services market in 2021.

Major Market Players in the packaging and labeling services market include 3M Company, Amcor Plc., Bemis Company Inc., CCL Industries, E.I. du Pont de Nemours and Company, Gerresheimer AG, Owens Illinois Inc., Schott AG.

RFID (radio-frequency identification) technology is becoming increasingly popular in the packaging and labelling service business. RFID technology, which is used to track and identify products along the supply chain, is being adopted by companies in the packaging and labelling service business. Avery Dennison, a US-based maker and distributor of labels and tags, for example, debuted dual-frequency RFID inlays, AD Medio Web DF EM4425 and AD Web DF EM4425 V12, in May 2020 for retail, medical, and pharmaceutical applications. This combines inventory management, shared memory functionality, product authentication, supply chain management, customer involvement, and brand protection into a single system.

The Packaging And Labeling Services Global Market Report 2023  provides a packaging and labeling services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The packaging and labeling services market forecast analyzes packaging and labeling services market size, packaging and labeling services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Packaging is the design and development of a container, wrapper, box, tube, plastic bottle, tetra pack, or tin for containing a product. It safeguards the product during transportation, storage, sale, and consumption. Labelling is seen on packaging in both textual and electronic forms, and it informs buyers about the product and the maker.

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