The labeling equipment market has witnessed steady growth in recent years and is expected to continue its upward trajectory in the coming decade. According to a report by Future Market Insights, the market revenue reached US$ 3.4 billion in 2020 and is projected to reach US$ 4.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.8% during the period from 2021 to 2031.
The demand for labeling equipment is expected to increase at a year-on-year (YoY) rate of 4.4% in 2021, with an estimated total of 444 thousand units. This growth can be attributed to various factors such as the rising need for efficient and accurate labeling in industries like food and beverage, pharmaceuticals, cosmetics, and automotive.
In the labeling equipment market, the top 5 companies are anticipated to hold a value share of 15-18% in 2021. These companies are likely to play a significant role in shaping the market landscape, driving innovation, and meeting the evolving demands of customers. As the market expands, competition among these key players is expected to intensify, leading to technological advancements and product enhancements.
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One of the key drivers behind the growth of the labeling equipment market is the increasing focus on product identification and traceability. Stringent regulations regarding product labeling, particularly in industries such as pharmaceuticals and food and beverage, are driving the adoption of advanced labeling solutions. Additionally, the need for automation and operational efficiency in manufacturing processes is fueling the demand for labeling equipment.
Moreover, the market is witnessing a shift towards eco-friendly and sustainable labeling solutions. Manufacturers are investing in research and development to develop labeling equipment that reduces waste, uses recyclable materials, and promotes environmentally responsible practices.
Overall, the labeling equipment market is poised for substantial growth in the coming years. Technological advancements, regulatory compliance, and the need for improved operational efficiency are expected to drive the demand for labeling equipment across various industries, making it an attractive market for manufacturers and investors alike.
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.
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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.
Key Players:
- Quadrel Labeling Systems
- Krones AG
- KWT Machine Systems Co. Ltd.
- Label-Aire, Inc.
- Sidel Group
- Nita Labeling Equipment
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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
