The label applicators market is predicted to exhibit consistent growth, with an estimated value of approximately US$2.6 billion in 2022 and a projected value of around US$3.5 billion by 2028, representing a compound annual growth rate (CAGR) of 5.4% during the period from 2022 to 2028. This growth is primarily propelled by the escalating demand for high-speed labeling solutions across various industries.
In 2021, global sales of label applicators are anticipated to increase by 5.1% year-on-year, with over 233 thousand units sold. The Asia-Pacific region commands a substantial share of the label applicators market, accounting for 34% of sales in 2022, which is projected to rise to 39% by 2028. The label applicators market constitutes around 4-5% of the global packaging machinery market, which was valued at approximately US$58 billion in 2021.
Technological advancements have played a pivotal role in driving the market forward, especially with the introduction of advanced print and apply labelers that offer versatility and reliability. These labelers have found applications across various industries. Furthermore, the market’s growth is also influenced by acquisitions and collaborations among industry players. A notable example is ProMach’s acquisition of Reepack, a prominent flexible packaging manufacturer, which bolsters the market further.
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The increasing demand for label applicators is attributable to several factors, including enhanced efficiency, reduced errors, time and cost savings, and the necessity for accurate labeling and marking. Automated label applicators are particularly advantageous for high-speed supply chain processes, enhancing productivity and customer satisfaction.
Key Takeaways:
- The global label applicators market is estimated to reach US$3.5 billion by 2028, growing at a CAGR of 5.4% from 2022 to 2028.
- Asia-Pacific holds a significant share of the market and is expected to see further growth.
- Technological advancements, including advanced print and apply labelers, contribute to market growth.
- Increased demand from end-use industries and the adoption of automated machines are driving factors for the label applicators market.
Competitive Landscape
The key players operating in the label applicators market are eyeing expanding their presence by investing in operational facilities along with increasing their output capacity. Also, the players are launching innovative packaging and labelling technologies:-
- In November 2021, Gernep Worldwide partnered with Herma GmbH for integrating Herma 500 Rotary in their production line to apply labels at ketchup bottles.
- In October 2021, ProMach won the 2021 Technology Excellence Award at Pack Expo for its new rotary roll-fed labeller.
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Key Players:
- ProMach, Inc.
- Herma GmbH
- Quadrel Labeling Systems
- Label-Aire, Inc.
- In-Line Labeling Equipment, Inc.
- ALTech UK labeling Technologies Ltd.
- Universal Labeling Systems
- Weber Packaging Solutions, Inc.
Regional Analysis:
China’s Manufacturing Boom Drives Demand for Labelling Machines China’s robust manufacturing industry, accounting for over a quarter of global output, fuels the need for labelling machines. With significant economic contributions and a surge in demand for goods manufactured in China, the country has become the largest market for coding and marking equipment worldwide. As a result, the sales of label applicators in China are projected to grow at a CAGR of 8.0% between 2022 and 2028, offering substantial opportunities for manufacturers in this sector.
Germany’s Machinery & Equipment Industry Boosts Sales of Label Applicators Germany, catering to 16% of global machinery trade demands and exporting 79% of its machinery solutions, plays a vital role in the machinery and equipment sector. The increasing demand for German machinery products contributes to the overall growth in sales of labelling equipment. Additionally, strict government regulations mandating proper marking and labelling in various industries, including personal care and cosmetics, further enhance the market prospects. Germany is anticipated to hold nearly one-third of the market share for label applicators in Western Europe by 2022
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Label Applicators Market by Category
By Automation:
- Semi-Automatic
- Automatic
By Speed:
- Less Than 1,000 IPM
- 1001 – 2,500 IPM
- Above 2,500 IPM
*IPM- Inches per Minute
By Application:
- Bottles
- Vials
- Pouches
- Boxes & Carton
- Trays
- Others
By End-Use:
- Chemicals
- Personal Care & Cosmetics
- Food & Beverages
- Pharmaceuticals
- Electrical & Electronics
- Logistics & Warehousing
- Others
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