The global labeling equipment market is expected to attain a valuation of USD 3,734.8 million in 2023 and is projected to reach USD 6,011.9 million by 2033. During the 2023 to 2033 forecast period, sales of labeling equipment are likely to rise at a CAGR of 4.9%.
The market for labeling equipment is expected to experience growth due to several factors. One of the main drivers is the increasing demand for accurate, high-speed, and easy-to-use labeling solutions. The growing e-commerce industry, which offers consumers benefits such as convenience, choice, and cost savings, is also expected to contribute to the market's growth.
The food and beverage industry's demand for automation is another significant factor driving the labeling machine market. With rising consumer awareness about product details, labels are playing a key role in providing information about the product and boosting sales. To meet this growing demand, manufacturers are increasingly adopting automated labeling systems.
The high-quality labeling solution offered by automatic labeling machines is another factor propelling the growth of the labeling equipment market. These machines can maintain their high adhesive accuracy even when the label material and production speed vary.
This results in maximum throughput while minimizing process downtime and waste, ensuring high-quality label pasting. The increasing population density and changes in consumer perceptions towards packaged goods are also contributing to the growth of the labeling equipment market.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 3,734.8 million |
| Anticipated Forecast Value (2033) | USD 6,011.9 million |
| Projected Growth Rate (2023 to 2033) | CAGR 4.90 % |
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The market for labeling equipment was worth USD 3,190.7 million in 2018. It accumulated a market value of USD 3,563.6 million in 2022 while growing at a CAGR of 2.8% during the historical period ranging from 2018 to 2022.
The surge in strategic collaborations among markets has spurred an increase in funding towards the expansion and refinement of state-of-the-art, automated packaging machinery. Moreover, a rise in investment in research and development capabilities is paving the way for ground-breaking innovations in the realm of packaging solutions. This confluence of market partnerships, funding, and cutting-edge research has the potential to transform the packaging industry in the coming years.
The rapid growth of the global population is a widely acknowledged phenomenon. This has led to an unprecedented surge in demand for food and beverages and a significant increase in consumer preference for online shopping. In the Western world, there is a growing trend toward the consumption of ready-to-eat meals, which has fuelled the demand for packaging solutions that offer convenience and ease of use. In addition, the demand for convenient foods has risen due to changing lifestyles and busy schedules, which is further expected to drive growth in the market.
The global economic upswing has opened up a plethora of growth opportunities for the materials and packaging industry. In this landscape, food service packaging solutions offer a cost-effective means of packaging products, and the emphasis on modern technologies within the packaging industry is directly tied to the rising demand for such solutions. The continued evolution of these technologies is expected to undoubtedly drive the market forward in the coming years.
The labeling equipment market is driven by a host of factors including rising urbanization, modernization, and globalization. The surging development of flexible packaging solutions, coupled with ongoing technological advancements in packaging equipment, means that a diverse range of products can be accommodated.
Growing demand from consumers for greater product transparency and the proliferation of the e-commerce industry are both strong drivers of market growth. Advancements in manufacturing technology are expected to provide profitable opportunities for market players during the forecast period. Furthermore, the presence of regulatory measures related to labeling and serialization, and the demand for labeling equipment to prevent theft and fraud, are further anticipated to fuel growth in the market. The revenue growth of the labeling equipment market is projected to be worth USD 6,011.9 million by the end of the forecast period while exhibiting a CAGR of 4.9%.
Automation and RFID Technology Driving Market Growth
The increasing demand for accurate and high-speed labeling solutions and automation in the food & beverage industry is expected to drive growth in labeling equipment market. With the rapid expansion in the labeling machine market, key manufacturers are working to enhance their product features by integrating cutting-edge technologies. The demand for RFID labeling solutions among end customers is growing at a significant rate. This is accounting for a quarter of revenue share for labeling machines, according to Packaging World News.
Labels have features such as tracking and anti-counterfeiting that help product manufacturers easily track their shipments. These labels also ensure that products are safely delivered to clients without being tampered with. The need for security labeling to prevent fraudulent activities is increasing, which is expected to drive the demand for such labeling equipment.
Consumers want more variety and a wide selection of products, which has led to an increase in the number of products being made and sold. This has made the manufacturing process more complex. As a result, product manufacturers are looking for labeling machines that are versatile and can handle a wider range of materials and technologies in order to keep up with these challenges.
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High Investments Cost to Restrain Market Growth
High costs associated with the initial investment are estimated to restrain market growth. Also, high operating and maintenance costs are further anticipated to create challenges in the market expansion.
Europe Driving Growth with a Significant Market Share
Europe accounted for 27.5% of revenue share in 2022, in the labeling equipment market. The region is estimated to accumulate a 28.2% market share by the end of 2023. The market in this region is projected to grow with a CAGR of 5% during the forecast period.
The demand for labeling machines is anticipated to increase over the forecast period due to the growing demand for functional food and beverage products and increased spending on pharmaceutical and healthcare products. Additionally, labeling regulations focused on product information and safety are expected to further drive demand for these machines.
The need for sustainable packaging in Europe is on the rise, motivated by concerns about environmental sustainability and waste reduction. This has resulted in a surge in demand for labeling machines capable of labeling products with eco-friendly packaging materials and applying labels with precision and efficiency to reduce waste.
The pharmaceutical industry in this region is growing rapidly, driven by an aging population and the need for new drugs and treatments. This is driving demand for labeling equipment that can accurately and efficiently label pharmaceutical products, which are subject to strict regulatory requirements.
China Driving Growth with Significant CAGR
China is expected to grow with a CAGR of 7.2% in labeling equipment market during the forecast period. The demand for high-speed and high-quality labeling solutions in the food industry is increasing due to the rising consumer awareness regarding packaging. Automatic labeling machines are mainly exported from China and Taiwan in the Asia-Pacific region.
Technological advancements and the desire for improved productivity in industries such as food and beverage, pharmaceuticals, and chemicals are driving the demand for labeling machines. To ensure quality, Chinese regulators require imported and exported food items like wine, candy, nuts, canned food, and cheese to have verified labels and undergo product testing before they can be imported or exported.
The demand for labeling equipment in the regional market is also expected to be driven by a growing population, rising disposable income, and an expanding food and beverage industry.
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Automatic Equipment to Dominate the Market with a Sizable Share
The automatic labeling technique dominated the labeling equipment market by accounting for 54.6% of revenue share in 2022. The segment is expected to retain its dominance by accumulating for 55% revenue in 2023 while growing at a CAGR of 6.1% during the forecast period. The growth of this segment is expected to be driven by increasing automation across the industries.
Automatic labelers are designed to apply labels to products at a high speed, which results in increased productivity and efficiency. This makes them a perfect solution for manufacturers who need to label a large number of products quickly. These labelers can also help manufacturers save money by reducing the need for manual labor, which can be costly and time-consuming. With automatic labelers, companies can cut labor costs and increase production efficiency, resulting in overall cost savings.
Automatic labeling is designed to apply labels with high accuracy and precision, which ensures that labels are placed in the correct position and orientation. This is particularly important in industries such as pharmaceuticals, where accurate labeling is critical for compliance with regulatory requirements. These factors are anticipated to drive the segment growth during the forecast period.
Adhesive-Based Labeling Driving Growth with a Significant Market Share
Adhesive-based labeling dominated the market by accounting for 77.5% of revenue share in 2022. The segment is anticipated to continue its trend of dominance by commanding a 78.2% market share in 2023. This segment is projected to grow with a CAGR of 5.8%.
Adhesive-based labeling is a cost-effective solution for labeling products, compared to other methods like in-mold labeling or direct printing. Adhesive-based labeling equipment is readily available and can be easily incorporated into existing production lines, making it a cost-effective option for manufacturers.
Adhesive-based labeling equipment can be used to apply labels with a broad range of designs, colors, and materials. This allows manufacturers to create unique branding and product labeling, which can differentiate their products from competitors.
Adhesive labeling equipment can be also used to apply labels that meet regulatory compliance requirements such as labeling of ingredients, nutritional information, and allergen warnings, among others. This is particularly important in industries like food and pharmaceuticals, where regulatory compliance is a must.
Start-ups play an important role in identifying potential growth opportunities in any market. They have the ability to generate high returns, thereby benefiting the expansion of the industry. Start-ups are typically more efficient at converting inputs into outputs and are more flexible and adaptable in volatile market conditions. Here are some of the start-ups that are expected to drive the growth of the labeling equipment market:
The labeling equipment market is extremely competitive and consists of various key industry players. These players are heavily investing in manufacturing labeling equipment. The key industry players are: Quadrel Labeling Systems, Sidel Group, Nita Labeling Equipment, FUJI Seal International Inc., Krones AG, KWT Machine Systems Co. Ltd., Accutek Packaging Equipment Co. Inc., Label-Aire, Inc., Sato Holdings Corporation, Pack Leader Machinery Inc., Pro Mach, Inc., HERMA Labeling Machines.
Some recent developments in the market are:
Key industry players leverage organic growth strategies like acquisition, mergers, partnerships, and collaboration to enhance their product portfolio. This is expected to fuel the global labeling equipment market.
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 3,734.8 million |
| Market Value in 2033 | USD 6,011.9 million |
| Growth Rate | CAGR of 4.9% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product, Technology, Labeling Equipment, Labeling Type, End Use Industry, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, South Africa, Israel, GCC Countries |
| Key Companies Profiled | Quadrel Labeling Systems; Krones AG; KWT Machine Systems Co. Ltd.; Label-Aire Inc.; Sidel Group; Nita Labeling Equipment;FUJI Seal International Inc.; Sato Holdings Corporation; Pack Leader Machinery Inc.; Accutek Packaging Equipment Co. Inc.; Pro Mach, Inc.; HERMA Labeling Machines |
| Customization | Available Upon Request |
The market is valued at USD 3,734.8 million in 2023.
High investment costs restrain market growth.
Europe accounted for 27.5% of revenue share in 2022.
China is expected to develop with a CAGR of 7.2% from 2023 to 2033.
The market is estimated to reach USD 6,011.9 million by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Top Labeling Equipment 5.2. Bottom Labeling Machine 5.3. Top & Bottom Labeling Equipment 5.4. Wrap Labeling Equipment 5.5. Front & Back Labeling Equipment 5.6. Full Body Sleeve Labeling Equipment 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 6.1. Automatic 6.2. Semi-Automatic 6.3. Manual 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Labeling Equipment 7.1. Primary Applicators 7.2. Print & Apply 7.3. RFID Labeling Solution 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Labeling Type 8.1. Adhesive Based Labeling 8.2. Non-Adhesive Based Labeling 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry 9.1. Food & Beverages 9.2. Healthcare & Pharmaceuticals 9.3. Cosmetics & Personal Care 9.4. Electricals & Electronics 9.5. E-Commerce 9.6. Automotive 9.7. Homecare 9.8. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. MEA 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Quadrel Labeling Systems 18.2. Krones AG 18.3. KWT Machine Systems Co. Ltd. 18.4. Label-Aire, Inc. 18.5. Sidel Group 18.6. Nita Labeling Equipment 18.7. FUJI Seal International Inc. 18.8. Sato Holdings Corporation 18.9. Pack Leader Machinery Inc. 18.10. Accutek Packaging Equipment Co. Inc. 18.11. Pro Mach, Inc. 18.12. HERMA Labeling Machines 19. Assumptions & Acronyms Used 20. Research Methodology
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Labeling Equipment Market
