Practimax was founded in 1999 in Malaysia with just three employees, one rotary press and a clear vision to become one of the country’s leading and most productive label manufacturers. Today, nearly a quarter of a century later, the company’s team counts more than 100 people who manufacture millions of self-adhesive labels for multinational corporations and well-known retail brands.
According to the report published by Knowledge Sourcing Intelligence, the Asia Pacific print labels market was valued at 15.778 billion USD in 2020 and is expected to grow at a CAGR of 7.34 percent to reach a market size of 25.092 billion USD by 2027. Compared with the CAGR of 3.02 percent and 3.47 percent growth prognosis for North America and EMEA, the APAC region is expected to grow twice as fast, with food and beverage projected to hold a notable market share.
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