The global label applicators market witnessed a CAGR of 2.7% during the historic period with a market value of US$ 2,816.6 million in 2022 from US$ 2,531.6 million in 2017.
According to Future Market Insights (FMI) research, during the projected period, the global label applicators market is expected to surge at a CAGR of 4.3%. The market value is projected to increase from US$ 2,959.6 million in 2023 to US$ 4,489.5 million by 2033.
The global label applicators market was valued at US$ 2,816.6 million at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 5.1% in 2023.
Increasing demand for efficient and precise labeling solutions in various industries such as food and beverage, pharmaceuticals, and logistics is a primary growth driver. The need for automation in packaging to enhance productivity and reduce manual labor costs is propelling the adoption of advanced label applicators. Additionally, stringent labeling regulations and standards, particularly in the pharmaceutical sector, are boosting the market’s growth.
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Technological advancements, such as the integration of IoT and AI in label applicators, are further enhancing their functionality and efficiency, thereby driving market expansion. The e-commerce boom has also contributed to the demand for accurate and high-speed labeling solutions to ensure timely and efficient order fulfillment. As companies strive for operational efficiency and compliance with regulatory requirements, the label applicators market is set to experience robust growth. With these driving factors, the market is expected to witness substantial investments and innovations, further solidifying its position as a crucial component in the packaging and labeling industry.
Key Takeaways of Label Applicators Market
- By automation, automatic is anticipated to expand 8X times the current market value by 2033 and create an absolute incremental opportunity of US$ 1,540.1 million.
- By end use, the beverage segment is anticipated to surge at a CAGR of 9% gaining incremental opportunities of US$ 500.1 million till 2033.
- The pharmaceutical segment is expected to hold 7% by the forecast year 2033 and the segment is likely to grow further in the future.
- By region, East Asia is projected to gain a CAGR of 3% in the forecast years offering an incremental opportunity of US$ 351.6 million.
- South Asia and the Pacific are anticipated to clock a CAGR of 2% from 2023 to 2033, generating revenues of US$ 875.4 million by 2033.
“The trend of replacing manual labor with cobots is very evident in the global market. Companies developing complete labeling solutions including manufacturing and warehouse automation, robotics, barcoding, and RFID systems. Digital embellishment has become an important part of label application for alcoholic beverages and luxury items to enable brands to engage with customers.” – says a lead FMI analyst.
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Need for Increased Accuracy & Throughput of Labelling Machines Supplements Growth
The challenge for labeling machines is to apply labels accurately and maintain accuracy even at high pack speeds. Packs must be labeled and placed with a high level of accuracy that is reproducible across thousands of units.
A key USA label applicator OEM upgraded the motion control of its applicator to increase throughput and improve label application accuracy. Labeling machine manufacturer integrated control with motion control specialists and Trio-Motion technology to increase throughput by more than 25%, improve labeling accuracy to +/-0.5 mm, and future-proof the design.
The design and development of high-speed machines for labeling applications, primarily in the food and beverage market and the medical and pharmaceutical industry, creates lucrative opportunities for labeling equipment manufacturers.
Label Applicator Reducing Product Changeover Time Create Traction in the Market
Traditionally, packaging machines were built to meet the needs of a single product. Though, consumer preferences and packaging trends are rapidly shifting towards more aesthetically pleasing packaging. This has led manufacturers to opt for total packaging solutions that allow the same product to be packaged in containers of different sizes.
An automatic pressure-sensitive labeling system with tool-free adjustment for different diameter products and extensive storage capacity of the label applicator software makes changing between products easy. These streamlined changeovers eliminate the cost, effort, waste, and downtime associated with manual or semi-automated labeling.
Automatic labeling equipment can be made to handle a wide variety of products and containers. Thus, in most cases, a single packaging line is sufficient for all products and packaging. Companies are starting to offer devices with very short product changeover times. This type of packaging machine is significantly cheaper and more efficient.
Label Applicators Market Landscape
ProMach, Inc, Herma GmbH, Advanced Labeling Technologies, Accraply, a Barry-Wehmiller company, Nita Labeling Systems, Accutek Packaging Equipment Company, Inc., Advent Label Applicator Co, CTM Labeling Systems, SACMI Group, Krones AG, ILTI s.r.l., Aesus Packaging Systems Inc., APACKS, and others are prominent players in the label applicators market. The Tier 1 players in the market hold a 5 to 10% share in the label applicators market.
Label Applicators Market Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the label applicators market, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033.
The study reveals growth projections on the label applicators market by automation (automatic, and semi-automatic), machine (linear, and rotary), by operating speed (up to 70 products/min, 71 to 20 products/min, 121 to 150 products/min, and above 150 products/min), packaging application (bottles, vials and ampoules, pouches & bags, boxes & carton, trays & clamshells, jars, cans, cups & tubs, blister pack, tubes, and stick packs & sachets), label type (pressure sensitive labels, sleeve labels, wet glue labels, hot melt labels, and others (in-mold, pre-gummed, etc.)), and end use (food (ready-to-eat/snacks, dairy products, bakery & confectionery products, fresh produce product, meat, seafood and poultry, sauces, dressings and condiments, and other food products), beverages (alcoholic beverages, and non-alcoholic beverages), personal care & cosmetics, homecare, chemical & fertilizers, pharmaceuticals, electrical & electronics, shipping & logistics, and other industrial).
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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