The Labeling Equipment Market is increasing pervasively over the past few years. The global spread of the COVID-19 increased the need to improve supply chain, manufacturing, and labeling for safety and economy. Besides, the increasing awareness of the benefits of labeling equipments fosters market growth.
With the augmenting demand for labels in the food and beverages industries, the market is projected to garner significant revenues in the next few years. According to Market Research Future (MRFR), the global labeling equipment market is expected to perceive exponential growth by 2028, registering a fabulous CAGR over the assessment period (2021 – 2028).
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Additional factors such as changing lifestyle and consumers’ preference for convenience food and packaged & frozen foods boost the growth of the market. Rising demand for packaging solutions and the shifting consumer preference towards e-commerce shopping boosts the market size. Furthermore, the growing automation in various industries and warehouses spaces drive the market demand.
Global Labeling Equipment Market – Segmentation
The market is segmented into product types, technologies, end uses, and regions. The product type segment is sub-segmented into pressure-sensitive/self-adhesive labelers, glue-based labelers, sleeve labelers, and others. Among these, the pressure-sensitive/self-adhesive labeler segment accounts for the largest market share, as these are highly adaptable with almost all types of products.
The technology segment is sub-segmented into automatic, semi-automatic, and manual. Of these, the automatic labeling machine segment accounts for the largest market share. The end-use segment is sub-segmented into food & beverages, healthcare & pharmaceuticals, cosmetics & personal care, chemicals, and others. Among these, the food & beverage segment holds the largest market share. The region segment is sub-segmented into Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Labeling Equipment Market – Regional Analysis
The Asia Pacific region dominates the global labeling equipment market. Factors such as the growing demand for automated solutions across end-use industries and the spurring growth in most end-use industries fuel the growth of the market.
China, India, and Japan are major markets for labeling equipment in the region, heading with the presence of several key market players. Of these, China holds the largest market share, followed by India. India is likely to witness the highest growth rate during the forecast period.
Global Labeling Equipment Market – Competitive Landscape
Highly competitive, the labeling equipment market appears to be fragmented, characterized by the presence of several well-established players. To gain a larger competitive advantage in this market, mergers & acquisitions, collaborations, and innovations remain key strategies for key players.
Major Players
Players leading the global labeling equipment market include FUJI Seal International Inc. (Japan), Krones AG (Germany), World Pack Automation Systems Private Limited (India), Quadrel Labeling Systems (US), Langguth (Germany), Pack Leader Machinery Inc. (Taiwan), HERMA Labeling Machines (Germany), KWT Machine Systems Co. Ltd. (China), Label-Aire, Inc. (US), Evolabel AB (Sweden), Nita Labeling Equipment (Canada), Sato Holdings Corporation (Japan), ID Technology, LLC (US), Accutek Packaging Equipment Co. Inc. (US), P E Labellers S.p.A (Italy), (India), Accraply Inc. (US), Avery Dennison Corporation (US), Markem-Imaje Corporation (India), and Multi Pack Machinery Company, among others.
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Industry/ Innovation/Related News:
Sept. 1, 2021 --- the IAPMO Group announced that it is partnering with the Amazon Service Provider Network (SPN), helping manufacturers and distributors wishing to sell their products on Amazon’s vast global marketplace. Amazon SPN is a group of agencies trained and certified by Amazon to assist sellers.
Amazon requires products sold on its platform to comply with all applicable safety standards, substance restrictions, labeling, and certification requirements within the intended sales markets.
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