With an estimated value of around US$2.6 billion in 2022 and a projected value of roughly US$3.5 billion by 2028, the worldwide label applicators market is anticipated to experience rapid expansion. During the projection period, this corresponds to a compound annual growth rate (CAGR) of 5.4%. The demand for high-speed labelling solutions is rising across a number of industries, which is driving the market. Over 233 thousand label applicators are expected to be sold in 2021, a 5.1% increase year over year.
The label applicators market is heavily dominated by Asia-Pacific, which will account for 34% of sales in 2022. By 2028, this percentage is anticipated to rise to 39%. Around 4-5% of the global packaging machinery industry, which is expected to be worth around US$58 billion in 2021, is made up of label applicators.
Industry trends, upfront investment costs, and technology developments all have an impact on the label applicators market. Modern print and apply labellers have become more popular, providing adaptability and dependability for a range of applications. ProMach purchased Reepack, a top producer of flexible packaging, in June 2022, helping to progress the label applicators market.
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The growing demand for label applicators is primarily driven by the need for efficient packaging and labeling in various industries. Automated label applicators reduce errors, increase efficiency, and save time and money. The adoption of automated machines and technological advancements are key factors contributing to the growth of the label applicators market.
Key Takeaways:
- The global label applicators market is projected to reach approximately US$3.5 billion by 2028, growing at a CAGR of 5.4%.
- Asia-Pacific accounts for a significant share of label applicator sales and is expected to increase its share by 2028.
- Label applicators form a small portion of the global packaging machinery market.
- Technological advancements, increasing demand from end-use industries, and the adoption of automated machines are driving the growth of the label applicators market.
- Automated label applicators offer high-speed solutions, reduce errors, and improve efficiency in the packaging process.
Competitive Landscape
The key players operating in the label applicators market are eyeing expanding their presence by investing in operational facilities along with increasing their output capacity. Also, the players are launching innovative packaging and labelling technologies:-
- In November 2021, Gernep Worldwide partnered with Herma GmbH for integrating Herma 500 Rotary in their production line to apply labels at ketchup bottles.
- In October 2021, ProMach won the 2021 Technology Excellence Award at Pack Expo for its new rotary roll-fed labeller.
Key Players:
- ProMach, Inc.
- Herma GmbH
- Quadrel Labeling Systems
- Label-Aire, Inc.
- In-Line Labeling Equipment, Inc.
- ALTech UK labeling Technologies Ltd.
- Universal Labeling Systems
- Weber Packaging Solutions, Inc.
- CTM Labeling Systems
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Label Applicators Market by Category
By Automation:
- Semi-Automatic
- Automatic
By Speed:
- Less Than 1,000 IPM
- 1001 – 2,500 IPM
- Above 2,500 IPM
*IPM- Inches per Minute
By Application:
- Bottles
- Vials
- Pouches
- Boxes & Carton
- Trays
- Others
By End-Use:
- Chemicals
- Personal Care & Cosmetics
- Food & Beverages
- Pharmaceuticals
- Electrical & Electronics
- Logistics & Warehousing
- Others
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