The move bolsters Fedrigoni's position as a player in RFID, bringing additional value to customers in both its self-adhesives and specialty papers businesses.
It can be attributed to increasing disposable incomes and the growth of packaging in various industries, such as food, e-commerce, and retail, among others.
Going into 2023, AWA forecasts a growth rate of 2.6%, despite the market seeing a significant downturn in the second half of 2022 and the start of 2023.