According to Future Market Insights, the labelling equipment market generated sales of US$3.4 billion in 2020. With a projected CAGR of 4.8%, the global market for labelling equipment is expected to reach US$4.9 billion by 2031.
Labelling equipment refers to tools used to apply labels on goods or packaging, serving various purposes such as branding, product identification, and compliance labelling. The demand for labelling solutions across industries like food and beverage, pharmaceuticals, and cosmetics has driven rapid growth in the labelling equipment market.
Different labelling technologies, including pressure-sensitive labelling, sleeve labelling, and others, contribute to the segmentation of the labelling equipment market. Pressure-sensitive labelling is the most popular technology due to its versatility, simplicity, and cost-effectiveness. Sleeve labelling, known for its ability to provide 360-degree labelling, is also gaining popularity in the market.
Overall, the labelling equipment market is experiencing significant growth as it offers a wide range of labelling solutions for various industries. The market is highly competitive, with companies investing in research and development to create innovative labelling solutions that meet the evolving needs of customers.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2623
Factors driving the market’s growth include increasing demand for labelling solutions, adoption of automation and Industry 4.0 technologies, and the need for sustainable labelling options.
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.
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.
Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-2623
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
Country-Wise Insights on Labeling Equipment Market:
- Germany: Competitive Market with Technological Advancements Germany is a competitive market for labeling equipment in Europe due to its automation-centric and progressive nature. The country’s machine and equipment industry is highly lucrative and innovative, with significant investment in research and development. Germany’s advanced technology development and state-of-the-art facilities make it a key player in the market.
- United States: Strong Equipment Manufacturing and Exports The U.S. market for labeling equipment is thriving, with the country being one of the largest sectors for equipment manufacturing and exports. The U.S. offers high-end technology and superior service, making it a major player in shaping the labeling equipment market globally.
- India: Growing Investment Market with Favorable Business Environment India is an attractive investment market for labeling equipment manufacturers. The country offers skilled labor at lower costs, technological advancements, a favorable business environment, and flexible trade policies. With significant market share and projected high growth, India presents colossal investment opportunities in the labeling equipment market.
- China: Leading Exporter and Low-Cost Manufacturing Hub China is a major contributor to the global labeling equipment market. The country’s small and medium enterprises (SMEs) drive equipment market development, leveraging lower production and selling costs, a favorable manufacturing environment, and abundant skilled labor. Regions like Jiangsu and Shandong are key production hubs, shaping the global labeling equipment market based on pricing and costs.
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
