Carton Converters Awash in Optimism
Donahue contends that the trend of large consumer product companies to consolidate their supplier bases, a practice referred to as "strategic sourcing," posed an additional challenge to the carton industry, but no more than it did in other segments.
Stolfi says he is still very optimistic about what lies directly ahead for folding carton converters. "We're seeing a lot of line extensions in generic and private label products, as well as many new ethical drugs." Both hold promise for box makers who can extend their packaging offerings to include labels, cartons and shrink sleeve labels, essentially becoming a total packaging solutions supplierincluding application machinery. Another hot new market box makers may want to explore is "nutraceuticals," which according to Stolfi, "is probably one of the fastest growing industries today."
- Companies:
- Paperboard Packaging Council
- Places:
- U.S.