FMN | February 4th, 2019

An N.V. Publication FLEX

February 4, 2019

Vol. 21 No. 3

Market News

®

Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

Key Trends Drive Corrugated Growth reported by Greg Kishbaugh

For exclusive content and breaking news please visit www.flexomarketnews.com Separate Entities Under this acquisition, DLS will re- main a separate entity, retain its name and brand, and maintain all of its cur- rent employees and executive leader- ship, including its current CEO, Jim Kersten. All four major locations will run and operate as usual, serving dis- tributors and value-added resellers. TSC’s John Otott, the Global Gen- eral Manager of the consumable products business unit, will oversee DLS operations from a TSC stand- point in partnership with Kersten. TSC Acquires Diversified Labeling TSC Auto ID Technology, a global presence in the AIDC bar code printer industry with an American headquarerts in Brea, California, has acquired Diversified Labeling Solu- tions, Inc. (DLS). Headquartered in Itasca, Illinois, DLS was founded by Bob Hakman in 1985. Today, DLS is a labeling solu- tions provider with more than 200 team members; four locations: Illi- nois, Georgia,Texas, and Nevada; and more than 320,000 square feet of production space.

TT he corrugated packaging market is growing rapidly, helped by the explosion of e-commerce and develop- ments in digital printing technologies, according to a new re- port from Smithers Pira called The Future of Corrugated Packaging to 2023 .

CAGR % Growth Prospects For Corrugated Board By End Use — 2018-2023

Electrical goods

Personal/household care

Processed foods

Textiles

Vehicle parts

Tobacco

Glassware/ceramics

Wood, timber products

Chemicals

Beverages

Paper Products

Fresh food/produce

Others

1 2

3

4 5

Source: Smithers Pira

The report offers analysis on how this market is increasing, growing around 3.7 percent annually to reach $300 billion in 2023. The report reveals that the electrical goods end-use sec- tor will see the highest levels of growth.

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