The California packaging industry includes several categories, from the manufacture and sale of paper products to the production of glass and plastic packaging. The health of this industry is dependent on a number of factors. The first is the manufacturing industry which purchases packaging materials. The second is environmental concerns and the switch to more sustainable packaging options.
The packaging industry’s growth and health are based largely on the need generated by manufacturing and by environmental concerns and sustainable materials. First Research, states that this industry will continue to grow at just over 4% annually for the foreseeable future. provided companies adapt to changing consumer and business demands.
Future challenges in the industry include technological advancements, manufacturing and packaging automation, and other factors. Large national companies compete for contracts but offering local pricing and niche services can help a company overcome these obstacles. Now may be an ideal time to sell if your business is healthy and your products are in demand..
The packaging industry is a challenging one and many-faceted. While niche products can often be good, during challenging periods. diversification and unique company offerings can set a business apart. Growing your business and making sure it is at the top of its game will ensure a successful and profitable exit.
Are you ready to sell your California packaging company? The first step to successfully doing so is a business valuation, which helps you understand what your business is really worth. From there, we work with you to make sure your business is ready to sell. We’ll be with you every step of the way, from buyer inquiries to the escrow and closing process. We want to be your business broker.