Labeling Equipment Market is estimated to be US$ 5.80 billion by 2030 and is anticipated to register a CAGR of 4.30% during the forecasted period.

 


Growth in adoption of automation techniques in labeling machines is a key factor propelling the market target growth

The Labeling Equipment Market accounted for US$ 3.80 billion in 2020 and is estimated to be US$ 5.80 billion by 2030 and is anticipated to register a CAGR of 4.30%. The report."Labeling Equipment Market, By Technology (Pressure Sensitive/Self Adhesive Labelers, Glue-Based Labelers, Sleeve Labelers, and Others), By End-user (Food, Beverages, Pharmaceuticals, Personal Care, Chemicals, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

 Key Highlights:

·         In October 2019, ProMach, a worldwide leader in packaging machinery solutions, declared that it has acquired Jet Label & Packaging, Western Canada’s biggest producer of labels for a variety of industries. The addition of Jet Label enlarges ProMach’s labeling and coding capabilities and provides customers across Canada with improved sales and support to keep their packaging operations running at peak efficiency. 

·         In September 2019, Matrix Packaging Machinery builds packaging machines that can run "green" films that are sustainable, compostable and recyclable? Matrix will be packaging coffee using a compostable film on its Morpheus form fill seal, as well as other compostable and recyclable films on its machines at PACK EXPO.

 

Analyst View:

Growing demand for accurate, simple labeling solutions, and high-speed is further likely to drive the market growth. In addition, increasing e-commerce industry due to factors involving choice, convenience, and cost benefits is projected to boost the market for labeling machines. Labeling machines are utilized for applying barcodes and labels on various packages and cartons in the e-commerce sector. Labels holds anti-counterfeiting and tracking features that beneficial for product manufacturers to track the shipments. Moreover, labels also help in offering security against tampering by confirming that the products are delivered to the customers without any disruption. Growing demand for security labeling to avoid fraud and theft is further likely to fuel the demand for these machines.

 Key Market Insights from the report:        

The Global Labeling Equipment Market accounted for US$ 3.80 billion in 2020 and is estimated to be US$ 5.80 billion by 2030 and is anticipated to register a CAGR of 4.30%.  The market report has been segmented on the basis of technology, end-user, and region.

·      By technology, the pressure-sensitive/self-adhesive labelers segment is expected to register highest revenue share in the market as compared to the other segments in the coming years, owing to its capability of labeling without heat or glue.

·     By end-user, he beverages segment in the labeling machines market presently leads the market in terms of revenue share, and is expected to maintain over the forecast period. This is mainly attributed due to growing manufacturing of beverage products including growing population, increasing disposable income, and increasing worldwide trend of consumption of health drinks.

·       By region, Asia Pacific lead the global market for labeling machines with a revenue share of 41.6% in 2018 and is expected to maintain its dominance in the coming years. Increasing population, presence of several developing economies such as China and India, expanding food & beverage industry, and rising disposable income are among the factors subsidizing toward the demand for labeling machines in the regional market.

 

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 Competitive Landscape:

The prominent player operating in the global labeling equipment market includes Krones AG, Sacmi Imola S.C., ProMach, Inc., Accutek Packaging Equipment Companies, Inc., Salzgitter AG, Quadrel Labeling Systems, Fuji Seal International, Inc. , Barry-Wehmiller Group, Inc., Tetra Laval International S.A., and I.M.A. Industria Macchine Automatiche S.p.A.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

 About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

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