Shrink Label Machine Market

Shrink Label Machine Market Snapshot (2023 to 2033)

According to Future Market Insights research, during the projected period, the global shrink label machine market is set to enjoy a valuation of US$ 540.9 million in 2023, and further, expand at a CAGR of 4.1% to reach US$ 808.4 million by the year 2033. The sales of shrink labels machines are anticipated to bolster with the top 5 companies estimated to hold around 15-20% of the market by the end of 2022.

Based on the automation, the automatic machine is projected to remain the leading segment among the other material used for manufacturing shrink-label machines. The automatic machine segment is estimated to account for around 72% by the end of 2023.

Market Size 2023	US$ 540.9 million
Market Size 2033	US$ 808.4 million
Value CAGR (2023 to 2033)	4.1%
Collective Value Share: Top 3 Countries (2022E)	30-35%

According to the FMI analysis, the shrink label machine market revenue totaled US$ 521.6 million in 2022. With the propelling demand from the various end-users, the global shrink-label machine market is projected to reach US$ 808.4 million by 2033, accelerating at a CAGR of 4.1% during the forecast period.

The shrink-label machine market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the shrink-label machine sales will rise from 2023 to 2033 and is projected to create an absolute incremental growth opportunity of US$ 286.8 million.

The modernization of the packaging machinery industry to shape shrink label machine market growth. The shrink-label machine market is anticipated to expand 1.5 times the current market value during the forecast period.

Historic Market Outlook for Shrink Label Machine

The global shrink label machine market witnessed a CAGR of 3.6% during the historic period with a market value of US$ 521.6 million in 2022.

The shrink label machine is becoming a priority for companies who are concerned with branding and advertising aspects. Big players in the packaging industry prefer to shrink label machinery over doing labeling by outsourcing. Over the past decade, companies have started labeling on their own. To avoid the barriers like miss-printing and others, companies prefer labeling along with the production of packaging solutions. Speedy manufacturing has always been a preferred choice of manufacturers. Speedy labeling production line helps the company to maintain the overall demand graphs and produce products accordingly.

The drastically changed Food industry amid the pandemic is projected to drive the demand for shrink-label markets. The changes in the eating habits and lifestyle of the people have increased the usage of labeled food which contains all the detailed information regarding the food product which creates a growth opportunity for the shrink label machine market. Overall, the global shrink-label machine market is anticipated to bolster at a faster pace during the forecast period.

What are the Growth Driven Factors for Shrink Label Machine Market?

Every industry needs product labels since they include the necessary information about the products. There are a number of standards and regulations pertaining to packaging and labeling, depending on the specific industry. For example, the food and beverage, pharmaceutical, medical, chemical, and fertilizer industries have stringent labeling regulations that specify product-specific labels, barcode standards for logistics and shipping bottles, containers, and more. Fines may be assessed for failure to adhere to any of these rules and requirements. All manufacturers operating in the market are using labels for regulatory purposes as a result of these circumstances. Along with this, manufacturers are automating more of their production, packing, and labeling operations. This is done to cut down on unnecessary labor costs. All these factors are likely to push the demand for Shrink label machines upward during the foreseeable future.

Category-wise Insights

Which Automation Segment is expected to Hold a Major Portion of the Global Shrink Label Machine Market?

Based on the Automation Type segment, the automatic machine segment is estimated to remain the leading segment for the Shrink label machine market during the forecast period. Many large-scale industries are adopting automated manufacturing as well as packaging systems for increasing output. The automatic Shrink label machine provides accuracy with a high productivity rate. It reduces labor demands and provides safety to all labor.

Hence, the automatic segment is expected to account for around 78.4% of the market value share by the end of 2033.

Which End User offers Lucrative Growth Opportunity in the Global Shrink Label Machine Market?

The food & beverages segment is projected to grow at a CAGR of 4.5% during the forecast period. There is rising demand for healthy beverages which contains natural ingredients. The demand for beverage drinks are increasing due to changing lifestyle, increasing disposable income are key factors driving the growth of the food & beverages market. Consumption of food & beverages drives directly affects the sales of the shrink label machine.

Country-wise insights

How is India anticipated to Bolster the Sales of Shrink Label Machines?

India’s shrink-label machine machines market is expected to register a CAGR of 5.4% during the forecast period. A developing country like India has done a tremendous job in 2021 by increasing exports by about US$ 2.5 million worldwide, according to facts released by the Ministry of Pharmaceutical Sciences. India ranks third in pharmaceutical production. Over the last decade, India has grown steadily at a CAGR of 9.4%. India shipped medicines to 120 countries during the pandemic. Eight of the 20 generic drug companies in the world are from India. Overall, the growing pharmaceutical company in India is the major factor augmenting the sales of shrink-label machine machines in India.

Competitive Landscape

The key players operating in the shrink-label machine market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. The key players are trying to adopt a merger & acquisition strategy to expand their resources and are developing new technologies to meet customer needs. Also, the players are focusing on upgrading their facilities to cater to the demand. Some of the recent key developments by the leading players are as follows -

• In August 2022, Shandong Sapphire Packaging Machinery Co., Ltd. exported its labeling machines to Korea. The exports to the Korean market are suggesting the strong demand for company pieces of machinery across the world.
• In April 2022, Dongguan Zhenying Machinery launched silicon heat transfer label printing machines. These machines are strongly concerned with the textile industry. The system is eco-friendlier and easy to implement in the production lines.
• In May 2022, PDC International Corp. launched FC-400 Sanitary Design Shrink Bander for labeling purposes

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 4.1% 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, Volume in Units, and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Automation Labelling Speed End Use Region
Regions Covered	North America Latin America Europe East Asia South Asia Middle East and Africa Oceania
Key Countries Covered	United States of America Canada Mexico Brazil Germany United Kingdom France Italy Spain Russia China Japan India GCC countries Australia
Key Companies Profiled	Engage Technologies Corporation U. V. Tech Systems Shanghai Xinhua Machinery Equipment Co., Ltd. CHLB Packing Machine Co., Ltd. KWT Machine Systems CO., LTD. Shandong Sapphire Packaging Machinery Co., Ltd. Dongguan Zhenying Machinery Fuji Seal Celtheq Industries Inc. PDC International Corp. Sleeve Seal Multi Pack SA Packaging Machinery Super Packaging Allen Pack
Customization & Pricing	Available upon Request

Shrink Label Machine Market by Category

By Automation, Shrink Label Machine Market is Segmented as:

• Automatic
• Semi-Automatic

By Labelling Speed, Shrink Label Machine Market is Segmented as:

• Up to 200 BPM
• 200 BPM to 400 BPM
• 400 BPM to 600 BPM
• Above 600 BPM

By End Use, Shrink Label Machine Market is Segmented as:

• Food
• Beverages
• Pharmaceutical
• Chemical & Fertilizers
• Cosmetics & Personal Care
• Construction
• Automotive
• Other Consumer Goods

By Region, Shrink Label Machine Market is Segmented as:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania

Frequently Asked Questions

What was the value of the shrink label machine market in 2022?

In 2022, the value of the global shrink-label machine market was US$ 521.6 million.

At what rate is the global shrink label machine market is projected to expand during the forecast period?

During the forecast period, the global shrink-label machine market is anticipated to expand at a CAGR of 4.1%.

By 2033, what will the value of the global shrink label machine market?

The global shrink-label machine market is expected to reach US$ 808.4 million by the end of 2033.

Which automation segment is expected to lead the global shrink label machine market during the forecast period?

During the forecast period, automatic machine segment is likely to be the fastest-growing material segment in the global shrink label machine market.

What drives the demand for shrink label machine?

Rising Consumption of Carbonated and Non-Carbonated Drinks to Boost Sales of Shrink Label Machine Market.

Which are the top players supplementing the sales of shrink label machine?

Engage Technologies Corporation, U. V. Tech Systems, Shanghai Xinhua Machinery Equipment Co., Ltd., CHLB Packing Machine Co., Ltd., KWT Machine Systems CO., LTD., Shandong Sapphire Packaging Machinery Co., Ltd., Dongguan Zhenying Machinery, Fuji Seal, Celtheq Industries Inc., PDC International Corp., Sleeve Seal, Multi Pack, SA Packaging Machinery, Super Packaging, Allen Packare the top players supplementing the sales of shrink label machine.

At what rate is the Indian shrink label machine market projected to grow?

As per the FMI analysis, the Indian Shrink label machine market is projected to expand at a CAGR of 5.4% from 2023 to 33.