Label converters face challenges from many different directions that directly threaten the profitability of their businesses.

Patrick Graber

 

However, despite pressures on price and severe labor shortages, combined with the need to adapt quickly to new market trends while delivering high quality labels, there are still opportunities to grow for those ready to embrace the world of digitalization, automation and connectivity.

 

Following a contraction of the label market in 2023, volumes returned to more normal levels in 2024, according to Smithers: “The Future of Printed Labels to 2029”. Even better news, the report predicts a compound annual growth rate (CAGR) in value of 4.6% which is equivalent to 4.4% in volume terms. But competition is fierce, and costs are rising, meaning converters must implement solutions that...READING MORE AT https://www.infopack.es/revista/320/index54.html