Economic, lifestyle changes and the focus on sustainable packaging will drive market growth by 5.4% annually during the period 2016 to 2021 to $44.8 billion, according to “The Future of Labels and Release Liners to 2021,” a new report by Smithers Pira.
Smithers Pira’s analysis shows label market growth is being driven by economic, social, demographic and lifestyle changes, brand owners’ increasing focus on source reduction and sustainable packaging, consumer demand for convenience food, and the growing presence of large retail chains.
