According to Future Market Insights, the labelling equipment market will generate US$3.4 billion in sales in 2020. At a CAGR of 4.8%, the global market for labelling equipment is projected to grow to US$ 4.9 billion by 2031.
The phrase “labelling equipment” refers to tools used to affix labels on goods or packaging. Many tasks, including branding, product identification, and labelling for compliance, can be accomplished with these technologies. The demand for labelling solutions across numerous industries, including food and beverage, pharmaceuticals, and cosmetics, has caused the market for labelling equipment to grow quickly in recent years.
The phrase “labelling equipment” refers to tools used to affix labels on goods or packaging. Many tasks, including branding, product identification, and labelling for compliance, can be accomplished with these technologies. The demand for labelling solutions across numerous industries, including food and beverage, pharmaceuticals, and cosmetics, has caused the market for labelling equipment to grow quickly in recent years.
The labelling technology being utilised, such as pressure-sensitive labelling, sleeve labelling, and others, can be used to segment the market for labelling equipment. Pressure-sensitive labelling is the most popular technology on the market because of its adaptability, simplicity, and cost. Due to its ability to provide 360-degree labelling, sleeve labelling is becoming more and more popular on the market.
In conclusion, the labeling equipment market is a rapidly growing industry that provides a wide range of labeling solutions for various industries. The market is highly competitive, and companies are investing heavily in research and development to develop new and innovative labeling solutions that can meet the evolving needs of their customers. The market is expected to continue growing in the coming years, driven by increasing demand for labeling solutions, growing adoption of automation and Industry 4.0 technologies, and the need for sustainable labeling solutions.
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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.
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.
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Key Players:
- Quadrel Labeling Systems
- Krones AG
- KWT Machine Systems Co. Ltd.
- Label-Aire, Inc.
- Sidel Group
- Nita Labeling Equipment
Region-Wise Insights:
Europe: Strong Growth Prospects for Labeling Equipment Market:
Europe is a key driver of growth in the labeling equipment market, holding a significant market share of 27.5% in 2022. It is projected to further increase its market share to 28.2% by the end of 2023, with a CAGR of 5% during the forecast period. The region benefits from the rising demand for functional food and beverage products, increased spending on pharmaceuticals and healthcare products, and stringent labeling regulations. The need for sustainable packaging is also driving the demand for labeling machines capable of handling eco-friendly materials and reducing waste. The growing pharmaceutical industry in Europe, driven by an aging population and the demand for new treatments, is another factor boosting the need for accurate and efficient labeling equipment.
China: Rapid Growth in the Labeling Equipment Market:
China is expected to exhibit significant 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. The Chinese regulators’ requirement for verified labels and product testing for imported and exported food items further contributes to the market growth. Additionally, factors such as a growing population, rising disposable income, and an expanding food and beverage industry are expected to drive the demand for labeling equipment in China
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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
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