Global Labeling Equipment Market is Estimated to hit a Worth of US$ 6,011.9 Million at a CAGR of 4.9% by the forecast period 2033 end | Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
8 min read
Future Market Insights Global and Consulting Pvt. Ltd.
Europe and China Drive Growth in Labeling Equipment Market with Rising Demand for High-Speed, High-Quality Solutions. Automatic labeling equipment is expected to dominate the market by technology during the forecast period
NEWARK, Del, June 27, 2023 (GLOBE NEWSWIRE) -- The global labelling equipment market is expected to attain a valuation of US$ 3,734.8 million in 2023 and is projected to reach US$ 6,011.9 million by 2033, increasing at a CAGR of 4.9% from 2023 to 2033. The increasing use of automated methods for different tasks, such as labelling, is fuelling market expansion. Labelling equipment is increasingly becoming a key aspect of the packaging industry worldwide, providing product verification and protection, and gaining widespread acceptance.
Rising demand for efficient, rapid, and precise labelling 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.
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 in this market are:
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.
About the Packaging Division at Future Market Insights (FMI):
The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Labeling Equipment
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Labeling Type
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use Industry
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
Explore Trending Reports of Packagingdomain:
Label Printers Market Outlook: Rising demand for printing machinery is projected to bolster the demand for label printers during the forecast period. The label printers industry is predicted to expand 1.5 times the current market value during the forecast period.
Integrated Labeling System Market Demand: Sales of integrated labeling system is expected to rise due to the rising demand for nutritious food, purchasing power parity between countries, and improved consumer knowledge about packaged food. In addition to this, demand for integrated labeling systems is rising due to a shift in consumer perceptions of packaged goods.
Label Applicators Market Analysis: Future Market Insights predict a comparison and review analysis of the dynamics of the label applicators market, which is principally subjected to an array of industry factors along with a few definite influences concerning high initial investment costs.
Shrink Sleeve Labeling Equipment Market Growth: Sleeve labels have the advantage over traditional label types in making a product stand out to consumers. Stretch and shrink sleeve labels enhance the versatility of conveying brand and safety messaging for brand owners and packaging designers. A sleeve label is applied to a package in multiple ways, from covering just the shoulders or the cap of a container to 360-degree body coverage.
Labelling Machines Market Share: The growth of this market is propelled by factors such as the increasing demand for automation in the food industry, improving the economic condition, urbanization, and the growing need for packaging solutions for various products.
Labels Market Types: Based on product type, the pressure-sensitive labels (PSL) segment is projected to hold a major portion of the global labels market during the forecast period. These labels can withstand and maintain their integrity in different environmental conditions and are easy to apply. The segment is thus anticipated to hold around 3/4th portion of the market by the end of the forecast period.
Pressure Sensitive Tapes and Labels Market Size: The pressure-sensitive tapes and labels market generated total revenue of US$ 90 billion in 2022. The industry is anticipated to rise at a healthy CAGR of 6% over the forecast period, to attain market revenue of US$ 170.85 billion by 2033.
Freezer Label Market Sales: According to the FMI analysis, the global market revenue totaled US$ 1.9 billion in 2021. With the propelling demand from the various end-users, the global market is projected to reach US$ 3.4 Billion by 2032, accelerating at a CAGR of 5.5% during the forecast period.
Sustainable Labels Market Trends: Rising demand for eco-friendly packaging solutions and labeling across the world coupled with rising environmental concerns is a key factor expected to boost the growth during the forecast period. Today, millennials and Gen Z are using their purchasing power to support brands that invest in ethical practices like environmental sustainability.
Oxygen Indicator Labels Market Volume: With a market share worth 39%, North America is expected to lead numerous regions due to the high consumer acceptance of intelligent packaging technologies. The oxygen indicator labels market in Western Europe, with a market share of 29%, will also see high growth due to the increased demand for case-ready meals.
About Future Market Insights, Inc.
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
