With a commercial license, yes. Since packaging counts as an End Product, the Commercial license allows you to create up to 5,000 lifetime packages, and the Extended Commercial license allows for 250,000. If you purchase the graphic under the Commercial license, your packaging or label must be significantly different than the original asset, require time, effort, and skill to produce, and not derive its primary value from the graphic itself. If the label or package is not for a commercial product but a personal project like a sticker or container, you are allowed to use a purchased graphic in this way under the Personal license.