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BPIF monitor the political agenda and identify threats and challenges to the industry. Our work has secured funding and legislative change worth millions to the industry. In addition we provide independent and relevant research used by the industry and government.
The first quarter of 2019 experienced a slowdown in growth, following Q4's seasonal boost - however, the drop-off was not quite as extensive as the expectations for Q1 suggested it might be. Forecasts for Q2 suggest growth will be maintained but it will be at a further reduced level.
Future growth is forecast to continue strongly through to 2024 at a rate of 4.0% to reach $49.9 billion in 2024. Smithers Pira's latest dedicated study on this vibrant market segment reveals that the volume of labels printed will rise from 1.21 trillion to 1.59 trillion A4 print equivalents over the same period.