World Labels

Growth will be driven by renewed vigor in global manufacturing output, and by advances in consumer spending on packaged goods, particularly in many of the world’s developing regions.

Asia/Pacific region to be largest, fastest growing

The Asia/Pacific region will be the fastest growing regional market, due to the continued rapid expansion of the already large Chinese and Indian label markets. Although gains will decelerate from the fevered pace registered in recent years, China’s enormous market for labels will account for almost one-third of new label demand worldwide through 2018. The Indian label market trails China’s in terms of size and market penetration, but is projected to post even faster growth over the forecast period.

In the US, Western Europe, and other more developed label markets, gains will be much more subdued. However, the anticipated growth in these markets will represent an improvement over that of the recessionary 2008-2013 period. Some countries experienced declines in label demand during that period, and even the better performing markets eked out only modest gains. However, renewed growth in manufacturing will reinvigorate the label market.

Pressure sensitive labels are leading type due to superior performance

Around the world, the label product mix is shifting away from the glue-applied paper labels that once dominated the landscape. In terms of application method, pressure sensitive labels have become the leading type, due mainly to their superior performance characteristics. However, glue-applied labels will continue to maintain a substantial market presence, particularly in the developing world where labor costs are lower. Other label formats, such as sleeves and in-mold labels, will continue to gain market share, especially in food and beverage applications.

While paper facestocks will continue to account for most label demand, plastic and other materials will register faster growth through the forecast period. Plastic and other materials, such as metal foils, offer some advantages over paper, including superior graphics capabilities and simpler recycling processes when used with plastic packaging materials.

Study coverage

World Labels presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 by application method (e.g., pressure sensitive, glue-applied), material (e.g., paper, plastic), market (e.g., food, beverages, pharmaceuticals, household and industrial chemicals, durable goods), world region, and for 19 countries.

Freedonia's market research studies provide timely access to reliable, unbiased analysis from which to benchmark performance and answer critical questions: Is your business growing faster or slower than the overall market? Is your organization gaining or losing market share? Which products and markets are the most desirable to explore for expansion? Are there industry trends or competitor activities that present a threat or opportunity to your business?

Studies offer a great ROI and can help business leaders make informed, analytically driven decisions. When considering the time, effort, and expertise that goes into it, our off-the-shelf research saves our clients time and money.

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  1. World Labels

    $6,300.00

    1. 1 INTRODUCTION

      $195.00

    2. 2 EXECUTIVE SUMMARY

      $108.00

      1. Table | WORLD LABEL DEMAND

    3. 3 MARKET ENVIRONMENT

      $2,572.00

      1. 3.1 General

        $82.00

      2. 3.2 World Economic Overview

        $211.00

        1. 3.2.1 Recent Historical Trends

          $82.00

        2. 3.2.2 Macroeconomic Outlook

          $134.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION

      3. 3.3 World Demographic Outlook

        $144.00

        1. 3.3.1 World Population Outlook

          $83.00

          1. Table | WORLD POPULATION BY REGION

        2. 3.3.2 World Urban Population Outlook

          $82.00

          1. Table | WORLD URBAN POPULATION BY REGION

      4. 3.4 World Per Capita Gross Domestic Product

        $82.00

        1. Table | WORLD PER CAPITA GROSS DOMESTIC PRODUCT BY REGION

      5. 3.5 World Personal Consumption Expenditure Trends

        $137.00

        1. Table | WORLD PERSONAL CONSUMPTION EXPENDITURES BY REGION

      6. 3.6 World Packaging Outlook

        $147.00

        1. Table | WORLD PACKAGING DEMAND BY REGION

      7. 3.7 World Manufacturing Outlook

        $103.00

        1. Table | WORLD MANUFACTURING VALUE ADDED BY REGION

      8. 3.8 World Nondurables Trends

        $551.00

        1. 3.8.1 Food & Beverages

          $345.00

          1. Table | WORLD FOOD & BEVERAGE MANUFACTURING VALUE ADDED BY REGION

        2. 3.8.2 Pharmaceuticals

          $103.00

          1. Table | WORLD PHARMACEUTICAL SHIPMENTS BY REGION

        3. 3.8.3 Other

          $82.00

      9. 3.9 Environmental Issues

        $176.00

      10. 3.10 Regulatory Overview

        $166.00

      11. 3.11 Cost Considerations & Pricing Trends

        $134.00

      12. 3.12 Technological Developments

        $474.00

        1. 3.12.1 Barcoding Trends

          $124.00

        2. 3.12.2 Smart Labeling

          $145.00

        3. 3.12.3 Competitive Technologies

          $181.00

      13. 3.13 Printing Technologies

        $232.00

        1. 3.13.1 Digital

          $111.00

        2. 3.13.2 Technological Issues

          $82.00

    4. 4 OVERVIEW

      $1,757.00

      1. 4.1 General

        $82.00

        1. Table | WORLD LABEL DEMAND BY REGION

        2. CHART III-1 WORLD LABEL DEMAND BY REGION, 2013

      2. 4.2 Materials & Technologies

        $82.00

        1. Table | WORLD LABEL DEMAND BY APPLICATION METHOD & MATERIAL

      3. 4.3 Application Methods

        $667.00

        1. CHART III-2 WORLD LABEL DEMAND BY APPLICATION METHOD, 2013

        2. 4.3.1 Pressure Sensitive

          $147.00

          1. Table | WORLD PRESSURE SENSITIVE LABEL DEMAND BY REGION

        3. 4.3.2 Glue-Applied

          $97.00

          1. Table | WORLD GLUE-APPLIED LABEL DEMAND BY REGION

        4. 4.3.3 Other

          $406.00

          1. Table | WORLD OTHER LABEL DEMAND BY REGION & TYPE

      4. 4.4 Materials

        $328.00

        1. 4.4.1 Paper

          $90.00

          1. Table | WORLD PAPER LABEL DEMAND BY REGION

        2. 4.4.2 Plastic & Other

          $210.00

          1. Table | WORLD PLASTIC & OTHER LABEL DEMAND BY REGION

      5. 4.5 Markets

        $632.00

        1. Table | WORLD LABEL DEMAND BY MARKET

        2. CHART III-3 WORLD LABEL DEMAND BY MARKET, 2013

        3. 4.5.1 Food

          $130.00

          1. Table | WORLD FOOD LABEL DEMAND BY REGION

        4. 4.5.2 Beverages

          $92.00

          1. Table | WORLD BEVERAGE LABEL DEMAND BY REGION

        5. 4.5.3 Pharmaceuticals

          $98.00

          1. Table | WORLD PHARMACEUTICAL LABEL DEMAND BY REGION

        6. 4.5.4 Household & Industrial Chemicals

          $82.00

          1. Table | WORLD HOUSEHOLD & INDUSTRIAL CHEMICAL LABEL DEMAND BY REGION

        7. 4.5.5 Durable Goods

          $87.00

          1. Table | WORLD DURABLE GOODS LABEL DEMAND BY REGION

        8. 4.5.6 Other

          $123.00

          1. Table | WORLD OTHER MARKETS FOR LABELS BY REGION

    5. 5 NORTH AMERICA

      $919.00

      1. 5.1 North America: General

        $82.00

      2. 5.2 North America: Label Demand by Application Method & Material

        $82.00

        1. Table | NORTH AMERICA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        2. CHART IV-1 NORTH AMERICA: LABEL DEMAND BY COUNTRY, 2013

      3. 5.3 North America: Label Demand by Market

        $82.00

        1. Table | NORTH AMERICA: LABEL DEMAND BY MARKET

      4. 5.4 United States

        $304.00

        1. 5.4.1 United States: General

          $82.00

        2. 5.4.2 United States: Label Demand by Application Method & Material

          $93.00

          1. Table | UNITED STATES: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 5.4.3 United States: Label Demand by Market

          $82.00

          1. Table | UNITED STATES: LABEL DEMAND BY MARKET

        4. 5.4.4 United States: Label Stock Producers

          $82.00

        5. 5.4.5 United States: Label Converters

          $82.00

      5. 5.5 Canada

        $232.00

        1. 5.5.1 Canada: General

          $82.00

        2. 5.5.2 Canada: Label Demand by Application Method & Material

          $82.00

          1. Table | CANADA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 5.5.3 Canada: Label Demand by Market

          $82.00

          1. Table | CANADA: LABEL DEMAND BY MARKET

        4. 5.5.4 Canada: Label Stock Producers

          $82.00

        5. 5.5.5 Canada: Label Converters

          $82.00

      6. 5.6 Mexico

        $228.00

        1. 5.6.1 Mexico: General

          $82.00

        2. 5.6.2 Mexico: Label Demand by Application Method & Material

          $82.00

          1. Table | MEXICO: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 5.6.3 Mexico: Label Demand by Market

          $82.00

          1. Table | MEXICO: LABEL DEMAND BY MARKET

        4. 5.6.4 Mexico: Label Stock Producers & Label Converters

          $82.00

    6. 6 WESTERN EUROPE

      $1,915.00

      1. 6.1 Western Europe: General

        $82.00

      2. 6.2 Western Europe: Label Demand by Application Method & Material

        $146.00

        1. Table | WESTERN EUROPE: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        2. CHART V-1 WESTERN EUROPE: LABEL DEMAND BY COUNTRY, 2013

      3. 6.3 Western Europe: Label Demand by Market

        $82.00

        1. Table | WESTERN EUROPE: LABEL DEMAND BY MARKET

      4. 6.4 France

        $264.00

        1. 6.4.1 France: General

          $82.00

        2. 6.4.2 France: Label Demand by Application Method & Material

          $110.00

          1. Table | FRANCE: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 6.4.3 France: Label Demand by Market

          $82.00

          1. Table | FRANCE: LABEL DEMAND BY MARKET

        4. 6.4.4 France: Label Stock Producers

          $82.00

        5. 6.4.5 France: Label Converters

          $82.00

      5. 6.5 Germany

        $247.00

        1. 6.5.1 Germany: General

          $82.00

        2. 6.5.2 Germany: Label Demand by Application Method & Material

          $82.00

          1. Table | GERMANY: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 6.5.3 Germany: Label Demand by Market

          $82.00

          1. Table | GERMANY: LABEL DEMAND BY MARKET

        4. 6.5.4 Germany: Label Stock Producers

          $82.00

        5. 6.5.5 Germany: Label Converters

          $82.00

      6. 6.6 Italy

        $255.00

        1. 6.6.1 Italy: General

          $82.00

        2. 6.6.2 Italy: Label Demand by Application Method & Material

          $86.00

          1. Table | ITALY: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 6.6.3 Italy: Label Demand by Market

          $82.00

          1. Table | ITALY: LABEL DEMAND BY MARKET

        4. 6.6.4 Italy: Label Stock Producers

          $82.00

        5. 6.6.5 Italy: Label Converters

          $82.00

      7. 6.7 Netherlands

        $206.00

        1. 6.7.1 Netherlands: General

          $82.00

        2. 6.7.2 Netherlands: Label Demand by Application Method & Material

          $82.00

          1. Table | NETHERLANDS: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 6.7.3 Netherlands: Label Demand by Market

          $82.00

          1. Table | NETHERLANDS: LABEL DEMAND BY MARKET

        4. 6.7.4 Netherlands: Label Stock Producers & Label Converters

          $82.00

      8. 6.8 Spain

        $215.00

        1. 6.8.1 Spain: General

          $82.00

        2. 6.8.2 Spain: Label Demand by Application Method & Material

          $82.00

          1. Table | SPAIN: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 6.8.3 Spain: Label Demand by Market

          $82.00

          1. Table | SPAIN: LABEL DEMAND BY MARKET

        4. 6.8.4 Spain: Label Stock Producers

          $82.00

        5. 6.8.5 Spain: Label Converters

          $82.00

      9. 6.9 United Kingdom

        $270.00

        1. 6.9.1 United Kingdom: General

          $82.00

        2. 6.9.2 United Kingdom: Label Demand by Application Method & Material

          $137.00

          1. Table | UNITED KINGDOM: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 6.9.3 United Kingdom: Label Demand by Market

          $82.00

          1. Table | UNITED KINGDOM: LABEL DEMAND BY MARKET

        4. 6.9.4 United Kingdom: Label Stock Producers

          $82.00

        5. 6.9.5 United Kingdom: Label Converters

          $82.00

      10. 6.10 Other Western Europe

        $196.00

        1. 6.10.1 Other Western Europe: General

          $82.00

        2. 6.10.2 Other Western Europe: Label Demand by Application Method & Material

          $82.00

          1. Table | OTHER WESTERN EUROPE: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 6.10.3 Other Western Europe: Label Demand by Market

          $82.00

          1. Table | OTHER WESTERN EUROPE: LABEL DEMAND BY MARKET

        4. 6.10.4 Other Western Europe: Label Stock Producers

          $82.00

        5. 6.10.5 Other Western Europe: Label Converters

          $82.00

    7. 7 ASIA/PACIFIC

      $1,983.00

      1. 7.1 Asia/Pacific: General

        $82.00

      2. 7.2 Asia/Pacific: Label Demand by Application Method & Material

        $82.00

        1. Table | ASIA/PACIFIC: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        2. CHART VI-1 ASIA/PACIFIC: LABEL DEMAND BY COUNTRY, 2013

      3. 7.3 Asia/Pacific: Label Demand by Market

        $82.00

        1. Table | ASIA/PACIFIC: LABEL DEMAND BY MARKET

      4. 7.4 Australia

        $260.00

        1. 7.4.1 Australia: General

          $82.00

        2. 7.4.2 Australia: Label Demand by Application Method & Material

          $121.00

          1. Table | AUSTRALIA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 7.4.3 Australia: Label Demand by Market

          $82.00

          1. Table | AUSTRALIA: LABEL DEMAND BY MARKET

        4. 7.4.4 Australia: Label Stock Producers

          $82.00

        5. 7.4.5 Australia: Label Converters

          $82.00

      5. 7.5 China

        $275.00

        1. 7.5.1 China: General

          $82.00

        2. 7.5.2 China: Label Demand by Application Method & Material

          $102.00

          1. Table | CHINA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 7.5.3 China: Label Demand by Market

          $82.00

          1. Table | CHINA: LABEL DEMAND BY MARKET

        4. 7.5.4 China: Label Stock Producers

          $82.00

        5. 7.5.5 China: Label Converters

          $82.00

      6. 7.6 India

        $205.00

        1. 7.6.1 India: General

          $82.00

        2. 7.6.2 India: Label Demand by Application Method & Material

          $82.00

          1. Table | INDIA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 7.6.3 India: Label Demand by Market

          $82.00

          1. Table | INDIA: LABEL DEMAND BY MARKET

        4. 7.6.4 India: Label Stock Producers & Label Converters

          $82.00

      7. 7.7 Indonesia

        $178.00

        1. 7.7.1 Indonesia: General

          $82.00

        2. 7.7.2 Indonesia: Label Demand by Application Method & Material

          $82.00

          1. Table | INDONESIA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 7.7.3 Indonesia: Label Demand by Market

          $82.00

          1. Table | INDONESIA: LABEL DEMAND BY MARKET

        4. 7.7.4 Indonesia: Label Stock Producers & Label Converters

          $82.00

      8. 7.8 Japan

        $256.00

        1. 7.8.1 Japan: General

          $82.00

        2. 7.8.2 Japan: Label Demand by Application Method & Material

          $108.00

          1. Table | JAPAN: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 7.8.3 Japan: Label Demand by Market

          $82.00

          1. Table | JAPAN: LABEL DEMAND BY MARKET

        4. 7.8.4 Japan: Label Stock Producers & Label Converters

          $82.00

      9. 7.9 South Korea

        $190.00

        1. 7.9.1 South Korea: General

          $82.00

        2. 7.9.2 South Korea: Label Demand by Application Method & Material

          $82.00

          1. Table | SOUTH KOREA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 7.9.3 South Korea: Label Demand by Market

          $82.00

          1. Table | SOUTH KOREA: LABEL DEMAND BY MARKET

        4. 7.9.4 South Korea: Label Stock Producers & Label Converters

          $82.00

      10. 7.10 Taiwan

        $189.00

        1. 7.10.1 Taiwan: General

          $82.00

        2. 7.10.2 Taiwan: Label Demand by Application Method & Material

          $82.00

          1. Table | TAIWAN: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 7.10.3 Taiwan: Label Demand by Market

          $82.00

          1. Table | TAIWAN: LABEL DEMAND BY MARKET

        4. 7.10.4 Taiwan: Label Stock Producers & Label Converters

          $82.00

      11. 7.11 Other Asia/Pacific

        $230.00

        1. 7.11.1 Other Asia/Pacific: General

          $82.00

        2. 7.11.2 Other Asia/Pacific: Label Demand by Application Method & Material

          $82.00

          1. Table | OTHER ASIA/PACIFIC: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 7.11.3 Other Asia/Pacific: Label Demand by Market

          $82.00

          1. Table | OTHER ASIA/PACIFIC: LABEL DEMAND BY MARKET

        4. 7.11.4 Other Asia/Pacific: Label Stock Producers

          $82.00

        5. 7.11.5 Other Asia/Pacific: Label Converters

          $82.00

    8. 8 OTHER REGIONS

      $1,857.00

      1. 8.1 Central & South America

        $622.00

        1. 8.1.1 Central & South America: General

          $82.00

        2. 8.1.2 Central & South America: Label Demand by Application Method & Material

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 8.1.3 Central & South America: Label Demand by Market

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: LABEL DEMAND BY MARKET

        4. 8.1.4 Brazil

          $232.00

          1. Table | BRAZIL: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

          2. Table | BRAZIL: LABEL DEMAND BY MARKET

        5. 8.1.5 Other Central & South America

          $220.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

          2. Table | OTHER CENTRAL & SOUTH AMERICA: LABEL DEMAND BY MARKET

      2. 8.2 Eastern Europe

        $624.00

        1. 8.2.1 Eastern Europe: General

          $82.00

        2. 8.2.2 Eastern Europe: Label Demand by Application Method & Material

          $82.00

          1. Table | EASTERN EUROPE: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 8.2.3 Eastern Europe: Label Demand by Market

          $82.00

          1. Table | EASTERN EUROPE: LABEL DEMAND BY MARKET

        4. 8.2.4 Russia

          $258.00

          1. Table | RUSSIA: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

          2. Table | RUSSIA: LABEL DEMAND BY MARKET

        5. 8.2.5 Other Eastern Europe

          $211.00

          1. Table | OTHER EASTERN EUROPE: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

          2. Table | OTHER EASTERN EUROPE: LABEL DEMAND BY MARKET

      3. 8.3 Africa/Mideast

        $611.00

        1. 8.3.1 Africa/Mideast: General

          $82.00

        2. 8.3.2 Africa/Mideast: Label Demand by Application Method & Material

          $82.00

          1. Table | AFRICA/MIDEAST: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

        3. 8.3.3 Africa/Mideast: Label Demand by Market

          $82.00

          1. Table | AFRICA/MIDEAST: LABEL DEMAND BY MARKET

        4. 8.3.4 Turkey

          $183.00

          1. Table | TURKEY: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

          2. Table | TURKEY: LABEL DEMAND BY MARKET

        5. 8.3.5 Other Africa/Mideast

          $244.00

          1. Table | OTHER AFRICA/MIDEAST: LABEL DEMAND BY APPLICATION METHOD & MATERIAL

          2. Table | OTHER AFRICA/MIDEAST: LABEL DEMAND BY MARKET

    9. 9 INDUSTRY STRUCTURE

      $6,339.00

      1. 9.1 General

        $135.00

        1. Table | WORLD LABEL SALES BY COMPANY, 2013

      2. 9.2 Market Share

        $252.00

        1. 9.2.1 Label Stock Producers

          $118.00

          1. CHART VIII-1 WORLD LABEL STOCK MARKET SHARE, 2013

        2. 9.2.2 Label Printers & Converters

          $121.00

          1. CHART VIII-2 WORLD FINISHED LABEL MARKET SHARE, 2013

      3. 9.3 Acquisitions & Divestitures

        $209.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 9.4 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 9.5 Competitive Strategies

        $82.00

      6. 9.6 Manufacturing

        $82.00

      7. 9.7 Marketing & Distribution

        $118.00

      8. 9.8 Company Profiles

        $5,065.00

        1. 9.8.1 Ahlstrom Corporation

          $82.00

        2. 9.8.2 AMC AG

          $82.00

        3. 9.8.3 Apli Paper SAU

          $82.00

        4. 9.8.4 Autajon Group

          $82.00

        5. 9.8.5 Avery Dennison Corporation

          $306.00

        6. 9.8.6 Bemis Company Incorporated

          $200.00

        7. 9.8.7 Brady Corporation

          $122.00

        8. 9.8.8 CCL Industries Incorporated

          $331.00

        9. 9.8.9 CCRR Participações SA

          $82.00

        10. 9.8.10 Cenveo Incorporated

          $163.00

        11. 9.8.11 Chesapeake Limited

          $113.00

        12. 9.8.12 Clondalkin Group Holdings BV

          $206.00

        13. 9.8.13 Constantia Flexibles Group GmbH

          $217.00

        14. 9.8.14 CPC Group

          $82.00

        15. 9.8.15 Donnelley (RR) & Sons Company

          $84.00

        16. 9.8.16 Etiquetas Brasil Limitada

          $82.00

        17. 9.8.17 Exxon Mobil Corporation

          $82.00

        18. 9.8.18 Fedrigoni SpA

          $103.00

        19. 9.8.19 FLEXcon Corporation

          $85.00

        20. 9.8.20 Fort Dearborn Company

          $111.00

        21. 9.8.21 Fuji Seal International Incorporated

          $133.00

        22. 9.8.22 Gascogne SA

          $82.00

        23. 9.8.23 Green Bay Packaging Incorporated

          $82.00

        24. 9.8.24 HERMA GmbH

          $82.00

        25. 9.8.25 Huhtamäki Oyj

          $113.00

        26. 9.8.26 Innovia Films Limited

          $84.00

        27. 9.8.27 Lintec Corporation

          $99.00

        28. 9.8.28 Loparex BV

          $85.00

        29. 9.8.29 Mondi Group

          $102.00

        30. 9.8.30 Multi-Color Corporation

          $150.00

        31. 9.8.31 Munksjö Oyj

          $117.00

        32. 9.8.32 Nampak Limited

          $82.00

        33. 9.8.33 Nitto Denko Corporation

          $82.00

        34. 9.8.34 Packaging Corporation of America

          $82.00

        35. 9.8.35 RAKO Etiketten GmbH & Company KG

          $131.00

        36. 9.8.36 Ricoh Company Limited

          $82.00

        37. 9.8.37 Roxcel Handelsgesellschaft mbH

          $82.00

        38. 9.8.38 Sappi Limited

          $82.00

        39. 9.8.39 ScandStick AB

          $82.00

        40. 9.8.40 Shanghai Jinda Plastic Company Limited

          $82.00

        41. 9.8.41 Skanem AS

          $108.00

        42. 9.8.42 Standard Register Company

          $107.00

        43. 9.8.43 Stora Enso Oyj

          $82.00

        44. 9.8.44 Taghleef Industries LLC

          $106.00

        45. 9.8.45 3M Company

          $146.00

        46. 9.8.46 Toppan Printing Company Limited

          $119.00

        47. 9.8.47 UPM-Kymmene Corporation

          $192.00

        48. 9.8.48 WS Packaging Group Incorporated

          $90.00

      9. 9.9 Other Companies Mentioned in the Study

        $372.00

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