The Labeling Equipment Market is poised for significant expansion, anticipated to achieve a valuation of US$ 6,011.9 million by 2033, driven by a steady 4.9% compound annual growth rate (CAGR) during the forecast period from 2023 to 2033. This growth is attributed to various factors, including the surging demand for accurate, high-speed, and user-friendly labeling solutions. The flourishing e-commerce sector, offering convenience and cost savings to consumers, further fuels the market’s upward trajectory.
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Additionally, the food and beverage industry’s increasing need for automation, driven by consumer awareness and information demands, contributes to the adoption of automated labeling systems. Notably, automatic labeling machines offer high-quality solutions, maintaining adhesive accuracy even under varying label materials and production speeds. This results in optimized throughput, reduced downtime, and minimal waste, aligning with the evolving demands of densely populated markets and shifting consumer perceptions towards packaged goods.
Rising demand for efficient, rapid, and precise labeling systems is expected to contribute to the market’s growth. The emergence of e-commerce industries is expected to substantially boost the demand for labelling equipment as consumers increasingly prefer the convenience, variety, and cost-effectiveness of online shopping.
Key Takeaways from this Market Study:
- Europe is expected to grow with a CAGR of 5% in labeling equipment during the forecast period.
- The market in India is projected to witness a promising CAGR of 8.90% during the forecast period.
- China is expected to grow at a 7.2% CAGR during the forecast period.
- By technology, automatic labeling equipment is projected to lead the market, estimated to grow at a CAGR of 6.1% from 2023 to 2033
- By labeling type, adhesive based labeling segment is expected to lead the market. It is expected to grow with a CAGR of 5.8%
Recent developments in this market are:
Key industry players leverage organic growth strategies like acquisition, mergers, partnerships, and collaboration to enhance their product portfolio. This is expected to fuel the global labeling equipment market.
- In 2019, ProMach acquired Jet Label & Packaging, a company based in Canada that specializes in label and packaging solutions. This acquisition helped ProMach to enhance its labeling and packaging capabilities in the Canadian market.
- In 2020, Krones AG introduced a new direct print technology for labeling bottles. The technology utilizes ultraviolet (UV) ink to print directly onto bottles, eliminating the need for labels. This technology offers numerous benefits such as reduced label waste, increased flexibility in label design, and faster label changeovers.
- In July 2021, Cosmo Films Ltd. introduced BOPP-based direct thermal printable top-coated film for thermal printing applications with proprietary coatings.
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Key Segments profiled are:
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
By End Use Industry:
- Food & Beverages
- Healthcare& Pharmaceuticals
- Cosmetics & Personal Care
- Electricals & Electronics
- E-Commerce
- Automotive
- Homecare
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa