The global labeling machines market is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2031. Additionally, the presence of several regulations pertaining to labeling and serialization is further likely to have a positive impact on the market growth.
The growth of this market is propelled by factors such as the increasing demand for automation in the food industry, improving the economic condition, urbanization, and growing need for packaging solutions for various products.
What is Driving Demand for Labelling Machines Market?
The growth of the labelling machines market is mainly derived from the increasing demand made by consumers in terms of enhanced product diversity. As consumers require more products, several of them are being manufactured and launched in the market each passing day. To maintain the relevance of the product and ensure profitability, effective and smart labelling market is gaining a lot of traction.
Additionally, consumers are demanding greater product diversity and a wider range of products. This, in turn, has increased the number of products manufactured and marketed, thereby contributing to the production complexity. In order to meet these challenges, there is an ascending demand from product manufacturers for versatile labeling machines that can handle a wider range of materials and accommodate numerous technologies.
Moreover, to help in branding of various products, the product manufactured are seeking versatile labelling machine. This surging demand for accurate, high speed labelling machine is fueling the growth of the labelling machines market.
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New Product Innovation Complementing the Labelling Machines Market Sales
The labelling machine is booming owing to introduction of innovative technology. With the help of latest technology various types of new labelling machines are being launched. These machines are not only fast and accurate but also consumes less power to operate and help product manufacturers counter issues like theft and fraud.
Additionally, labels nowadays arrive with tracking and anti-counterfeiting features and this makes them extra convenient for product makers when it comes to tracking the shipments. Also these labels provide protections against tampering which ensures hassle free delivery to its rightful consumer.
Moreover, the rapid growing e-commerce industry is further contributing to the growth of the labelling machines. As these machines are simple to use and save lots of time and money, they are automatically emerging as a preferred choice for the business that deals in multiple products.
US and Canada Labelling Machines Market Outlook
The region of North America, particularly the U.S and Canada accounted for the greatest share in the labelling machines market. In the U.S., the pressure sensitive labelers technology contributes to the most in term of revenue and is expected to continue its dominance. This is mainly because of the presence of leading food and beverage brand in the country, and also accessibility to advanced technology. These factors ensure rapid growth of labelling machines market in countries like the U.S and Canada.
Also, the dominance of e-Commerce industry in the region together with strict standards and regulations related to labelling and serialization drives the labelling machines market.
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Europe Demand Outlook for Labelling Machines Market
The Europe market ranks second in terms of largest revenue share in the labelling machines market. This is primarily because of upward going demand for functional food and beverages product along with increased expenditure on pharma and healthcare products is likely to boost the demand for labelling machines market. Similar to the North American region, labelling regulations in most of the European countries are contributing to the growth of labelling machines market.
In addition, the growth of the market during the forecast period is expected due to the development of packaging machinery industry, demand for automated labeling solutions & increasing consumer awareness regarding packaging, the demand for packaging in the food industry, and the need for high speed & high-quality labeling solutions in this region.
Who are the Key Manufacturers of Labelling Machines Market?
Some of the leading manufacturers of labelling machines market are
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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