Riding the Recession Rollercoaster
What goes up, must come down
in the label and packaging market
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Out in Time
Important questions on many people's minds are: What is in store? How long, how deep will this recession be and how will it impact the tag-and-label industry?
AWA recently released a report, "Labeling & Product Decoration Markets, Global Review 2009," in which it analyzed these markets. The study stated the world label market, although reflecting the severe downturn in the world markets, fared better than other business sectors. According to the report, overall growth for labeling worldwide was 2.1 percent in 2008. However, this was down from more than 5 percent in previous years.
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Tom Polischuk
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