In 2020, the labelling equipment market will produce US$3.4 billion in revenue, predicts Future Market Insights. The market for labelling equipment is anticipated to reach US$ 4.9 billion by 2031, growing at a CAGR of 4.8%.
Tools used to apply labels to products or packaging are referred to as "labelling equipment". These technologies enable a variety of functions, such as branding, product identification, and compliance labelling. The market for labelling equipment has experienced rapid growth in recent years due to the demand for labelling solutions across several industries, including food and beverage, pharmaceuticals, and cosmetics.
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Tools used to apply labels to products or packaging are referred to as "labelling equipment". These technologies enable a variety of functions, such as branding, product identification, and compliance labelling. The market for labelling equipment has experienced rapid growth in recent years due to the demand for labelling solutions across several industries, including food and beverage, pharmaceuticals, and cosmetics.
The market for labelling equipment can be segmented using the labelling technology currently in use, such as pressure-sensitive labelling, sleeve labelling, and others. Because of its versatility, ease of use, and low cost, pressure-sensitive labelling is the most widely used technology on the market. Sleeve labelling is growing in popularity on the market since it can provide 360-degree labelling.
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In conclusion, the market for labelling equipment is a quickly expanding sector of the economy that offers a wide choice of labelling solutions for different industries. Due to the fierce competition in the market, businesses are spending a lot of money on R&D to create cutting-edge labelling solutions that can adapt to their clients' changing needs. The requirement for sustainable labelling solutions, rising automation and Industry 4.0 adoption, and rising demand for labelling solutions are all likely to fuel market growth over the upcoming years.
Key Takeaway
- Europe is estimated to hold 28% share in the global labeling equipment market in 2021, while will emerge dominant in the region.
- The U.S. is expected to play a major role in shaping the future of labeling equipment market as the country has access to high-end, sophisticated technology and superior service for maximizing productivity.
- India is expected to hold 7.8% value share in labeling equipment market in 2021 and is expected to register a CAGR of 8.8% as demand in the country is highly influenced by flexible trade policies, favorable business environment, technological development, and availability of skilled workers.
- China is one of the leading exporters in machinery and equipment industry. This will seal its position as a highly lucrative market for labelling equipment in East Asia.
- Healthcare and pharmaceutical sector is expected to register a CAGR of 8.5% during the forecast period owing to the sudden outbreak of COVID-19 pandemic.
Growth Drivers
- The global labeling equipment market is expected to rise amid the launch of novel technologies with scientific breakthroughs, encouraging greater automation.
- COVID-19 pandemic supported spike in consumption of pharmaceutical products, which fuelled the demand for labeling equipment amid rising focus on pharmaceutical labels.
Competitive Landscape
Companies operating in the labeling equipment market are indulging in product development, market expansion, and mergers and acquisitions to improve their value share in the market.
- In May 2019, SATO launched its new sales branch in Johor, Malaysia. The company increased their business by penetration of their products in untapped markets.
- On July 30, 2019, the Sidel Group expanded its footprint in India to cater to the needs of the Asia Pacific market.
- In July 2021, Cosmo Films Ltd. launched BOPP based direct thermal printable top coated film for thermal printing applications with proprietary coatings.
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Key Players:
- Quadrel Labeling Systems
- Krones AG
- KWT Machine Systems Co. Ltd.
- Label-Aire, Inc.
- Sidel Group
- Nita Labeling Equipment
Labeling Equipment Market by Category
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
