The labeling equipment market is set to experience substantial growth from 2023 to 2033, with an estimated valuation of US$ 6,011.9 million by 2033, growing at a CAGR of 4.9% during this period. Several factors are driving the increasing demand for accurate, high-speed, and user-friendly labeling solutions across various industries.
A significant driver of this market’s expansion is the booming e-commerce industry. As online shopping becomes more popular, there is a growing need for efficient labeling solutions to ensure timely and precise deliveries of products, thus increasing the demand for labeling equipment. Additionally, the food and beverage sector is contributing to this demand by seeking automation to provide detailed product information and enhance sales.
Automatic labeling machines are becoming increasingly favored by manufacturers due to their high-quality labeling solutions and precise adhesive accuracy. These machines enhance throughput, reduce process downtime and waste, resulting in high-quality label application, thereby further boosting market growth. Factors like population density and changing consumer preferences towards packaged goods are also fueling the demand for labeling equipment.
Strategic collaborations among market players are leading to investments in state-of-the-art, automated packaging machinery, driving innovation in packaging solutions. The packaging industry is expected to undergo significant transformation in the coming years, aided by increased funding in research and development capabilities.
Empower your business with the right knowledge! View the PDF Sample Report for valuable market insights and research methodology @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2623
Key Takeaways:
- The global labeling equipment market is projected to reach US$ 6,011.9 million by 2033, growing at a CAGR of 4.9% from 2023.
- The expansion of the e-commerce industry and the demand for automation in the food and beverage sector are major drivers of the labeling equipment market.
- Automatic labeling machines with high-quality solutions and precise adhesive accuracy are gaining popularity among manufacturers.
- Strategic collaborations and increased funding towards packaging machinery and research capabilities are fostering innovation in the packaging industry.
- The growing global population, increasing preference for online shopping, and demand for convenient foods are contributing to the market’s growth.
Growth Drivers
- The global labeling equipment market is expected to rise amid the launch of novel technologies with scientific breakthroughs, encouraging greater automation.
- COVID-19 pandemic supported spike in consumption of pharmaceutical products, which fuelled the demand for labeling equipment amid rising focus on pharmaceutical labels.
Competitive Landscape
Companies operating in the labeling equipment market are indulging in product development, market expansion, and mergers and acquisitions to improve their value share in the market.
- In May 2019, SATO launched its new sales branch in Johor, Malaysia. The company increased their business by penetration of their products in untapped markets.
- On July 30, 2019, the Sidel Group expanded its footprint in India to cater to the needs of the Asia Pacific market.
- In July 2021, Cosmo Films Ltd. launched BOPP based direct thermal printable top coated film for thermal printing applications with proprietary coatings.
Request Personalized Insights: Strategize for Future Business Expansion @ https://www.futuremarketinsights.com/customization-available/rep-gb-2623
Key Players:
- Quadrel Labeling Systems
- Krones AG
- KWT Machine Systems Co. Ltd.
- Label-Aire, Inc.
- Sidel Group
- Nita Labeling Equipment
Labeling Equipment Market: Europe and China Driving Growth
Europe: Europe is a key driver of growth in the labeling equipment market, holding a significant market share of 27.5% in 2022. With a projected CAGR of 5% during the forecast period, it is expected to further increase its market share to 28.2% by the end of 2023. The region benefits from the rising demand for functional food and beverage products, increased spending on pharmaceuticals and healthcare products, and stringent labeling regulations.
China: China is experiencing rapid growth in the labeling equipment market, with a projected CAGR of 7.2% during the forecast period. The increasing consumer awareness about packaging quality has fueled the demand for high-speed and high-quality labeling solutions in the food industry. China and Taiwan are major exporters of automatic labeling machines in the Asia-Pacific region. Technological advancements and the pursuit of improved productivity in industries like food and beverage, pharmaceuticals, and chemicals are driving the demand for labeling machines in China.
Avail yourself of a special discount! Book your report today@ https://www.futuremarketinsights.com/request-discount/rep-gb-2623
Labeling Equipment Market by Category
By Product Type:
- Top Labeling Equipment
- Bottom Labeling machine
- Top & Bottom Labeling Equipment
- Wrap Labeling Equipment
- Front & Back Labeling Equipment
- Full Body Sleeve Labeling Equipment
By Technology:
- Automatic
- Semi-Automatic
- Manual
By Labeling Equipment:
- Primary Applicators
- Print & Apply
- RFID Labeling Solution
By Labeling Type:
- Adhesive Based Labeling
- Non-Adhesive Based Labeling
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs
