2008 started off fine for the North American Market, than, like so many other sectors, demand and profit fell off the last half and especially the final quarter of 2008. In fact, early reports outline an actual decline of 1.5% for 2008 shipments (2-2.5% decline for pressure sensitive) from 2007. Most segments experienced decline in growth, beyond pressure sensitive including glue applied and in mold while film labels seemed to hold their own. Two best end user categories were beverage and household chemical.
Note, North America is approximately 27% of world demand, placing it as the third biggest market behind Europe and Asia. Future forecasts include label growth to follow GDP.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment