The global labeling equipment market is expected to witness significant growth during the forecast period from 2023 to 2033, with an anticipated valuation of US$ 3,734.8 million in 2023, projected to reach US$ 6,011.9 million by 2033, growing at a compound annual growth rate (CAGR) of 4.9%. This growth is driven by several factors that are increasing the demand for accurate, high-speed, and user-friendly labeling solutions across industries.
The booming e-commerce industry is one of the major drivers behind the market’s expansion. As online shopping gains popularity, there is an increasing need for efficient labeling solutions to ensure timely and accurate deliveries of products, boosting the demand for labeling equipment. The food and beverage sector also contributes to this demand, seeking automation to provide detailed product information and enhance sales.
Manufacturers are increasingly favoring automatic labeling machines for their high-quality labeling solutions and precise adhesive accuracy. These machines maximize throughput, minimize process downtime and waste, leading to high-quality label application, which further boosts the market’s growth. Moreover, factors like population density and shifting consumer preferences towards packaged goods are also propelling the demand for labeling equipment.
Strategic collaborations among market players are driving investments towards state-of-the-art, automated packaging machinery, leading to innovation in packaging solutions. Increased funding in research and development capabilities is further expected to transform the packaging industry in the years to come.
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Key Takeaways:
- The global labeling equipment market is projected to reach US$ 6,011.9 million by 2033, growing at a CAGR of 4.9% from 2023.
- The e-commerce industry’s expansion and the food and beverage sector’s demand for automation are major drivers of the labeling equipment market.
- Automatic labeling machines with high-quality solutions and precise adhesive accuracy are gaining popularity among manufacturers.
- Strategic collaborations and increased funding towards packaging machinery and research capabilities are fostering innovation in the packaging industry.
- The growing global population, increasing preference for online shopping, and demand for convenient foods are contributing to the market’s growth.
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
Labeling Equipment Market: Europe and China Driving Growth
Europe: Europe is a key driver of growth in the labeling equipment market, holding a significant market share of 27.5% in 2022. With a projected CAGR of 5% during the forecast period, it is expected to further increase its market share to 28.2% by the end of 2023. The region benefits from the rising demand for functional food and beverage products, increased spending on pharmaceuticals and healthcare products, and stringent labeling regulations.
China: China is experiencing rapid 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.
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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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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.
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