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2024 U.S. Industry Statistics & Market Forecast - Packaging and Labeling Services
Market Size & Industry Statistics
The total U.S. industry market size for Packaging and Labeling Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The packaging and labeling services industry is experiencing several key trends that are affecting its operations and growth prospects. One of the most significant trends is the increasing demand for sustainable and eco-friendly packaging solutions, driven by consumer awareness and regulatory requirements. The industry is responding to this trend by developing new materials and designing more efficient and recyclable packaging solutions.Another important trend is the rise of e-commerce and online shopping, which has created new opportunities for packaging and labeling services providers. With the growth of e-commerce, companies must ensure that their products are properly packaged and labeled for safe and timely delivery. This trend is also driving innovation in packaging solutions that are better suited for online retail channels.
The industry is also experiencing a trend towards automation and digitization, as companies seek to improve efficiency and reduce costs. This is particularly evident in areas such as labeling and printing, where automation can improve accuracy and speed up production. In addition, digitization is enabling companies to better manage their supply chains and track product information through the use of RFID and other technologies.
Overall, the packaging and labeling services industry is evolving rapidly, driven by changing consumer and market demands. Companies that can adapt to these trends and stay ahead of the competition will be best positioned for success in the years ahead.
Product & Services Breakdown
Research products and services in the Packaging and Labeling Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Telemarketing Services |
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Outbound Telemarketing Services |
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Packaging And Labeling Services |
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Resale Of Merchandise |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Packaging and Labeling Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Packaging and Labeling Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Packaging and Labeling Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Business and Financial Operations Occupations | 7% | |||
| Business Operations Specialists | 6% | |||
| Protective Service Occupations | 19% | |||
| Firefighting and Prevention Workers | 6% | |||
| Firefighters | 6% | |||
| Firefighters | 6% | |||
| Other Protective Service Workers | 12% | |||
| Miscellaneous Protective Service Workers | 11% | |||
| Crossing Guards and Flaggers | 11% | |||
| Sales and Related Occupations | 6% | |||
| Office and Administrative Support Occupations | 17% | |||
| Information and Record Clerks | 5% | |||
| Production Occupations | 10% | |||
| Other Production Occupations | 6% | |||
| Transportation and Material Moving Occupations | 17% | |||
| Material Moving Workers | 12% | |||
| Laborers and Material Movers | 11% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Packaging and Labeling Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Packaging and Labeling Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Packaging and Labeling Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Packaging and Labeling Services industry. |
Source:
Innovation News
- Jan 09, 2024: Identipak trademarks "IDENTIPAK" - Contract packaging services in the nature of merchandise packaging for others
- Aug 25, 2023: Fantis Foods trademarks "TAVERNAKI" - Vinegar; flavored vinegar; white vinegar; red vinegar, red vinegar with oregano; apple vinegar
- May 18, 2023: Apackaging Group patents Aerosol Actuator
- May 18, 2023: Apackaging Group patents Aerosol Actuator
- Mar 23, 2023: Apackaging Group patents All Plastic High Pressure Pump
- Jan 03, 2023: Hickman Label trademarks "HICKMAN LABEL COMPANY" - Retail on-line ordering services featuring labels and printing supplies also accessible by telephone, facsimile and mail order
Recent Federal Contracts for Packaging and Labeling Services- Mar 21, 2024: AMAZING PACKAGING SUPPLIES, INCORPORATED (San Jose, CA) awarded $62,445
- Mar 19, 2024: ROCKET INDUSTRIAL, INC. (Wausau, WI) awarded $17,899
- Mar 11, 2024: PROVEN MANAGEMENT LLC (Washington, DC) awarded $55,327
- Feb 26, 2024: CENTURA HEALTH CORPORATION (Centennial, CO) awarded $21,267
- Jan 23, 2024: MELWOOD HORTICULTURAL TRAINING CENTER, INC. (Upper Marlboro, MD) awarded $199,946
- Jan 12, 2024: KATMAI GLOBAL SOLUTIONS LLC (Anchorage, AK) awarded $3,032,463
- Mar 21, 2024: AMAZING PACKAGING SUPPLIES, INCORPORATED (San Jose, CA) awarded $62,445
- Mar 19, 2024: ROCKET INDUSTRIAL, INC. (Wausau, WI) awarded $17,899
- Mar 11, 2024: PROVEN MANAGEMENT LLC (Washington, DC) awarded $55,327
- Feb 26, 2024: CENTURA HEALTH CORPORATION (Centennial, CO) awarded $21,267
- Jan 23, 2024: MELWOOD HORTICULTURAL TRAINING CENTER, INC. (Upper Marlboro, MD) awarded $199,946
- Jan 12, 2024: KATMAI GLOBAL SOLUTIONS LLC (Anchorage, AK) awarded $3,032,463
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