Challenges and Opportunities
Economic pressures and high-potential technologies are two facets in a spectrum of positive and negative factors confronting the tag and label industry.
Growth under pressure
According to a study by The Freedonia Group, called “Labels,” U.S. label shipments are expected to increase 5.7 percent per year to $15.2 billion in 2008. RFID, two-dimensional bar coding, and plateless digital printing will open new labeling applications, propelling industry growth.
- Companies:
- Little Joe® Industries
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