The global labeling equipment market is set to witness significant growth during the forecast period from 2023 to 2033. With an expected valuation of US$ 3,734.8 million in 2023, it is projected to reach US$ 6,011.9 million by 2033, growing at a compound annual growth rate (CAGR) of 4.9%. This growth is attributed to various factors that drive the demand for accurate, high-speed, and user-friendly labeling solutions across industries.
One of the major drivers behind the market’s expansion is the booming e-commerce industry, offering consumers convenience, choice, and cost savings. As online shopping gains popularity, the need for efficient labeling solutions increases to ensure timely and accurate deliveries of products. The food and beverage sector is also contributing to the demand for labeling equipment, with a rising need for automation to provide detailed product information and enhance sales.
Automatic labeling machines, with their high-quality labeling solutions and precise adhesive accuracy, are becoming increasingly popular among manufacturers. This not only maximizes throughput but also minimizes process downtime and waste, leading to high-quality label application. Moreover, factors such as population density and shifting consumer preferences towards packaged goods are further propelling the growth of the labeling equipment market.
Additionally, strategic collaborations among market players are driving investments towards state-of-the-art, automated packaging machinery, fostering innovation in packaging solutions. Increased funding in research and development capabilities is also expected to transform the packaging industry in the coming years.
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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
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
About FMI
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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