The Labeling Equipment Market is poised for significant expansion, anticipated to achieve a valuation of US$ 6,011.9 million by 2033, driven by a steady 4.9% compound annual growth rate (CAGR) during the forecast period from 2023 to 2033. This growth is attributed to various factors, including the surging demand for accurate, high-speed, and user-friendly labeling solutions. The flourishing e-commerce sector, offering convenience and cost savings to consumers, further fuels the market’s upward trajectory.
Additionally, the food and beverage industry’s increasing need for automation, driven by consumer awareness and information demands, contributes to the adoption of automated labeling systems. Notably, automatic labeling machines offer high-quality solutions, maintaining adhesive accuracy even under varying label materials and production speeds. This results in optimized throughput, reduced downtime, and minimal waste, aligning with the evolving demands of densely populated markets and shifting consumer perceptions towards packaged goods.
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Rising demand for efficient, rapid, and precise labeling systems is expected to contribute to the market’s growth. The emergence of e-commerce industries is expected to substantially boost the demand for labelling equipment as consumers increasingly prefer the convenience, variety, and cost-effectiveness of online shopping.
The label’s anti-counterfeiting and tracking features allow manufacturers to monitor shipments and ensure that products are delivered to end-users without interference. Moreover, technological advancements in labelling equipment are reducing human intervention and revolutionizing the packaging sector. Together, these factors are anticipated to contribute to the growth of labelling equipment market in the forecast period.
The automation of labelling equipment technology and robotic integration, which aim to improve motion controls, is expected to benefit the overall market. Additionally, the introduction of touch-sensitive built-in hardware and modular software designs is predicted to increase sales.
The incorporation of embedded USB programming, digital counter inputs, and human-machine interface (HMI) connectivity in product design is expected to create growth opportunities in the labelling equipment market in the future. There could be an increase in demand for pressure-sensitive labeling equipment, resulting in less maintenance expenses and improved application speed.
Key Takeaways from this Market Study:
- Europe is expected to grow with a CAGR of 5% in labeling equipment during the forecast period.
- The market in India is projected to witness a promising CAGR of 8.90% during the forecast period.
- China is expected to grow at a 7.2% CAGR during the forecast period.
- By technology, automatic labeling equipment is projected to lead the market, estimated to grow at a CAGR of 6.1% from 2023 to 2033
- By labeling type, adhesive based labeling segment is expected to lead the market. It is expected to grow with a CAGR of 5.8%
“Technological advancements and increasing adoption of automated machines to reduce overall costs are expected to fuel the demand for labeling equipment during the forecast period,” – comments an analyst at FMI.
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Competitive Landscape:
The labeling equipment market is extremely competitive and consists of various key industry players. These players are heavily investing in manufacturing labeling equipment.
The key industry players are Quadrel Labeling Systems, Pro Mach, Inc., HERMA Labeling Machines, Sidel Group, Nita Labeling Equipment, FUJI Seal International Inc., Krones AG, KWT Machine Systems Co. Ltd., Label-Aire, Inc., Sato Holdings Corporation, Pack Leader Machinery Inc., Accutek Packaging Equipment Co. Inc.
Recent developments:
Key industry players leverage organic growth strategies like acquisition, mergers, partnerships, and collaboration to enhance their product portfolio. This is expected to fuel the global labeling equipment market.
- In 2019, ProMach acquired Jet Label & Packaging, a company based in Canada that specializes in label and packaging solutions. This acquisition helped ProMach to enhance its labeling and packaging capabilities in the Canadian market.
- In 2020, Krones AG introduced a new direct print technology for labeling bottles. The technology utilizes ultraviolet (UV) ink to print directly onto bottles, eliminating the need for labels. This technology offers numerous benefits such as reduced label waste, increased flexibility in label design, and faster label changeovers.
- In July 2021, Cosmo Films Ltd. introduced BOPP-based direct thermal printable top-coated film for thermal printing applications with proprietary coatings.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global labeling equipment market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the labeling equipment market, the market is segmented on the basis of product, material, barrier, application, and region.
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Key Segments profiled are:
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
By End Use Industry:
- Food & Beverages
- Healthcare& Pharmaceuticals
- Cosmetics & Personal Care
- Electricals & Electronics
- E-Commerce
- Automotive
- Homecare
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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