The Labeling Equipment Market is plagued by multiple market factors which synergistically contribute to the growing or declining of this industry. Among the many determining elements is that customer tastes constantly evolve and give rise to the need for customization. As consumers begin to become more discerning, board of the industries in general crazes with labeling equipment able to designate for adaptive pack and personalized. This turn has increased the demand for advanced labeling techniques requiring digital printing and smart labeling which are able to suit the changing types and complexities of packaging.
The Size of the Back Labeling Equipment Market is estimated to be valued at USD 2.8 Billion in 2022. The market for production and packaging equipment is likely to be going from USD 2.9 Billion in 2023 to USD 4.2 Billion by 2032 at a 4.80% compound annual growth rate (CAGR).
As for the FMCG industry, consumer preferences tend to change with the development of time. Besides this, regulatory compliance is the another significant factor that is shaping the labeling market. Since the requirements for labeling of products belonging to such industries as pharmaceuticals and food and beverage are the most rigid and exclusive ones, technical innovation has been employed to ensure the use of sophisticated labeling methods. Several industries engaged in the areas require the labeling machines that ensure the precision conformity and title-tracking to meet the strict legislative requirements. Consequently, this has brought manufacturers to theircreative mode to develop solutions that not only increases their efficiency but alsocompliance with regulations.
The globalized trade and commerce of the products have diversified have the largest influence on the mark labeling equipment production market. Companies, embracing the scope of their operation, come across the labeling requirements relating to each country and region that have unique labeling requirements. This has therefore created customers for the machine that can do multi-language labels, compliant with the respective regional standards, and versatile enough to match different packaging formats. Manufacturers within the labeling equipment are therefore involved in the process of the production of flexible solutions for labeling which can meet the complexities of the supply chains that spans a global environment.
Also, there is a growing tendency to pay more attention to sustainability and eco-friendliness and this can have a considerable impact on the labeling equipment market. Companies are increasingly opting for “green” labeling solutions to ensure chemical framework compliance, and also in line with the modern consumer culture that prioritizes sustainability practices. The demand for recycling processes has given rise to machinery that allows apparatus to work with recyclable materials, reduce energy and waste and is also energy saving. The sustainability issue that is becoming a major concern for companies worldwide is evidently leading to the changing development of the equipment for labeling market, which is now being presented in green, eco-conscious means of production.
.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2023 | USD 2.90 Billion |
Growth Rate | 4.80% (2024-2032) |
Labeling Equipment Market Size was valued at USD 2.90 Billion in 2023. The Labeling Equipment industry is projected to grow from USD 3.04 Billion in 2024 to USD 4.20 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.13% during the forecast period (2024 - 2032). Increased demand for packaging solutions for various products and growing demand for automation in warehouse spaces are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for labeling equipment is being driven by the increasing need for automatic labelling machine usage. A fast labelling speed and high degree of precision set an automated labelling machine apart from other tools in the industry. They also have a long lifespan and can complete the tasks required. Applying adhesive labels to bottles, square containers, and cylindrical containers is done automatically with a rotary labelling machine. These machines feature up to 4 rolling heads, stepper motors, and thermal heads. To ensure optimal efficiency, they are made of stainless steel and feature cutting-edge technology. The automatic labelling equipment fills the labelling necessities of numerous sectors, including wine, chemical, food, pharmaceutical, beverage, electronics, hardware, cosmetics, plate, and others, which in turn is propelling market revenue growth.
Moreover, the labelling of foods and beverages is one of the most significant and direct methods of communicating product information between buyers and sellers. It is one of the primary methods consumers use to differentiate between different foods and brands in order to make the best purchasing choices. The product's durable life date, quality and quantity details, and a list of advantages, including details on nutrition, safety, and health, are all included on labels for food and beverage products. Because it offers information on the amounts of fats, saturated and unsaturated fats, trans fats, proteins, calcium, iron, carbs, calories, sugar, and vitamins and minerals available per serving of the food that is listed in the nutrition facts table, food labelling is crucial for nourishment. Consumers' ability to control serious chronic diseases through diet and make dietary choices that may reduce their risk of developing chronic diseases is what is causing the labeler industry to rise in terms of revenue.
The Labeling Equipment Market segmentation, based on type includes pressure sensitive/self-adhesive labelers, glue-based labelers, sleeve labelers and others. Sleeve labelers category is expected to be the fastest-growing technology segment over the projection period. Shrink sleeve labelers and stretch sleeve labelers are two types of sleeve labelers. Shrink sleeve labelling machines are becoming more popular since they allow for full-body labelling, resulting in optimum brand visibility and promotion. Furthermore, these labelers can be utilised to apply labels to containers with complex and uneven contours.
The Labeling Equipment Market segmentation, based on technology, includes automatic, semi-automatic, manual. In 2022, the automatic category is expected to generate a large revenue share. Because it does not require physical labour, one of the most common labelling machines is automatic. Machines perform all of the labelling procedures in the automatic labelling machinery system. In this technique, the objects are normally delivered inline by a conveyor. Labelling machines affix the label to each product as it is carried to the receiving end or the next machine. Automatic labelling equipment is prefered for applications needing crucial label accuracy and large production quantities, which drives the segment's market revenue growth.
Figure1: Labeling Equipment Market, by Technology, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Labeling Equipment Market segmentation, based on technology, includes food & beverages, healthcare & pharmaceuticals, cosmetics & personal care, chemicals and others. The food & beverage category dominates the market. The requirement for food and beverage packaging and labelling drives the demand for this equipment. Furthermore, there has been a significant increase in food product sales and transportation, which is increasing demand for labelling equipment. The pharmaceutical business is also a significant demand generator for labelling equipment.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Labeling Equipment Market area will dominate this market, owing to the demand for packaged food and beverages and adoption of automated labelers. The automatic labelers provide consistent high pasting accuracy, even with fluctuating production rates and label material, lowering labour and marketing costs while increasing production efficiency and saving time, propelling the region's market revenue growth.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: LABELING EQUIPMENT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Labeling Equipment Market accounts for the second-largest market share because of the strong presence of sectors such as food and beverage, medicines, and others. further, the German Labeling Equipment Market held the largest market share, and the UK Labeling Equipment Market was the fastest growing market in the European region
The Asia-Pacific Labeling Equipment Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rising customer demand for packaged items in the food business, as well as an increase in the e-Commerce sector, are the primary reasons driving revenue development in this region. Moreover, China’s Labeling Equipment Market held the largest market share, and the Indian Labeling Equipment Market was the fastest growing market in the Asia-Pacific region.
Leading market players are extensively investing in research and development in order to extend their product lines, which will help the Labelling Equipment Market grow even more. Market participants are also engaging in a number of strategic initiatives to grow their worldwide footprint, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations. To expand and survive in a more competitive and expanding market climate, the labelling equipment industry must provide cost-effective products.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the labeling equipment industry to benefit clients and increase the market sector. In recent years, the labeling equipment industry has offered some of the most significant advantages to medicine. Major players in the Labeling Equipment Market, including Krones AG (Germany), FUJI Seal International Inc. (Japan). World Pack Automation Systems Private Limited (India), Langguth (Germany), Quadrel Labeling Systems (US) and others, are attempting to increase market demand by investing in research and development operations.
Cosmo Films (formerly Cosmo First Limited) is a multinational Indian firm that produces bi-axially oriented polypropylene films (BOPP) for packaging, labelling, laminating, and industrial uses. The company is based in New Delhi, India. It has production plants in India and South Korea. In India, the company is traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Mr. Ashok Jaipuria established Cosmo Films Limited in October 1976 and established the first production unit in Aurangabad, Maharashtra in 1981. Cosmo Films purchased a 76.51% stake in Gujarat Propack Limited in 2001. In July 2021, Cosmo Films Ltd. announced the release of a BOPP-based direct thermal printed top-coated film with patented coatings for thermal application applications.
Bobst is a Swiss firm that provides packaging machines and services. Machines for the production of packaging and its derivatives (such as labels, bags, and adhesive strips) from solid board, corrugated board, or flexible materials (plastic films, etc.) are examples of products. The organization's headquarters are in Mex, near Lausanne, Switzerland. The company was founded to provide commercial printers in Lausanne. In 1917, the brand 'Bobst' was registered, and in 1918, a limited company called J. Bobst & Fils SA was formed. In June 2022, BOBST Group has announced the launch of the first BOBST Connect subscription package. This user-friendly platform connects converters and brand owners to an automated and digital workflow, giving them complete access to and control over the manufacturing process. BOBST Connect helps customers make the most of the data generated by their equipment by providing insights and various solutions to improve productivity, quality, and efficiency.
In September 2022, Markem-Imaje introduced the eTouch-S intelligent print and apply labelling technology. The eTouch-S was intended from the start to suit consumer desire for reduced environmental impact. The eTouch-S eliminates the need for plant air without interfering with supply chain traceability or increasing the likelihood of store fines for returned cases.
In May 2022, JUB Group, one of Europe's leading manufacturers of paints and renderings, ordered three Herma 500 applicators for its in-house manufacturing process to achieve labelling perfection despite the tough weight, intricate design, and large labels required for its products. Three HERMA 500 applicators on a labelling machine show how incredible accuracy can be achieved despite dynamic process changes when labelling. Elmed, a long-standing HERMA sales and service partner in South-east Europe, designed and implemented the solution.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)