According to Future Market Insights, the labelling equipment market is projected to generate sales of US$3.4 billion in 2020 and is expected to reach US$4.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.8%. Labelling equipment refers to tools used to affix labels on goods or packaging, serving various purposes such as branding, product identification, and compliance labeling.
The demand for labelling solutions has witnessed rapid growth in recent years across industries like food and beverage, pharmaceuticals, and cosmetics. This increasing demand has been a key driver for the growth of the labelling equipment market.
Various technologies are employed in labelling equipment, including pressure-sensitive labelling, sleeve labelling, and others. Among these, pressure-sensitive labelling is the most popular due to its versatility, simplicity, and cost-effectiveness. Sleeve labelling, which allows for 360-degree labeling, is also gaining popularity in the market.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2623
The labelling equipment market is highly competitive, and companies are investing significantly in research and development to develop innovative labeling solutions that can cater to evolving customer needs. Automation and Industry 4.0 technologies are being increasingly adopted in the labeling process, driving the market’s growth further. Additionally, there is a growing demand for sustainable labeling solutions, which is expected to contribute to the market’s expansion.
Overall, the labelling equipment market is a dynamic and rapidly growing industry, offering a diverse range of labeling solutions for various sectors. With increasing demand, technological advancements, and a focus on sustainability, the market is expected to continue its growth trajectory in the coming years.
Key Takeaway
- Europe is estimated to hold 28% share in the global labeling equipment market in 2021, while will emerge dominant in the region.
- The U.S. is expected to play a major role in shaping the future of labeling equipment market as the country has access to high-end, sophisticated technology and superior service for maximizing productivity.
- India is expected to hold 7.8% value share in labeling equipment market in 2021 and is expected to register a CAGR of 8.8% as demand in the country is highly influenced by flexible trade policies, favorable business environment, technological development, and availability of skilled workers.
- China is one of the leading exporters in machinery and equipment industry. This will seal its position as a highly lucrative market for labelling equipment in East Asia.
- Healthcare and pharmaceutical sector is expected to register a CAGR of 8.5% during the forecast period owing to the sudden outbreak of COVID-19 pandemic.
Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-2623
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.
Key Players:
- Quadrel Labeling Systems
- Krones AG
- KWT Machine Systems Co. Ltd.
- Label-Aire, Inc.
- Sidel Group
- Nita Labeling Equipment
Get 20% Discount @ 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 Us:
Future Market Insights (ESOMAR certified 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
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
