ID: MRFR/PNT/7342-HCR | February 2021 | Region: Global | 110 pages
Market Synopsis: Global Labeling Equipment Market
Like all the other industries, the packaging industry is growing at a rapid pace, which has created growth opportunities for labeling machines manufacturers. The need for automation in labeling is prompting end-users to focus on adopting automatic labeling equipment.
The global labeling equipment market is growing at a significant rate, owing to the rising demand for packaging solutions for various products. Furthermore, the shifting consumer preference towards e-commerce shopping, particularly in emerging economies in Asia-Pacific and the Middle East & Africa, has led to an increasing demand for labeling equipment. The growing demand for automation in warehouses spaces and the rise in e-commerce shopping are likely to be the key reasons that drive the need for automatic and semi-automatic labeling equipment.
Global Labeling Equipment Market size was valued at USD 6.2 Billion in 2018, which is expected to witness 6.5% CAGR during the forecast period.
Global Labeling Equipment Market: Regional Analysis
The Global Labeling Equipment Market has been segmented into five regions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. In 2018, Asia-Pacific held the largest share in the labeling equipment market, followed by North America and Europe.
The high demand in Asia-Pacific can be attributed to the growing demand for automated solutions for labeling in end-use industries. The presence of a number of end-use industries will also fuel the growth of the labeling equipment market in the region. Asia-Pacific comprises China, India, and Japan. China holds the largest market share in the region labeling equipment market due to the presence of several key market players in the region. India is likely to witness the highest growth rate during the forecast period.
North America holds the second-largest share in the labeling equipment market, owing to the high demand for labeling from the rapidly growing food & beverage industry. Europe holds the third-largest share in the labeling equipment market. The demand in Europe can mainly be attributed to the need for quick and accurate labeling in the pharmaceutical industry.
Global Labeling Equipment Market: Segmentation
The Global Labeling Equipment Market has been segmented based on product Type, Technology, and Region.
The Global Labeling Equipment Market has been segmented, on the basis of product type, into pressure-sensitive/self-adhesive labelers, glue-based labelers, sleeve labelers, and others. In 2018, the pressure-sensitive/self-adhesive labelers segment held the largest market share. Pressure-sensitive/self-adhesive labelers is a highly adaptable label solution which can be used with almost all type of products.
The global market is segmented, based on technology, as automatic, semi-automatic, and manual. The automatic labeling machine segment is likely to dominate the global labeling equipment market. It held more than a 45% share of the total in 2018 and is expected to continue its dominance during the forecast period.
Based on end use, the global labeling equipment market is segmented into food & beverages, healthcare & pharmaceuticals, cosmetics & personal care, chemicals, and others. The food & beverage segment holds the largest share of the global labeling equipment market.
The Key Players in the Global Labeling Equipment Market include Krones AG (Germany), FUJI Seal International Inc. (Japan), World Pack Automation Systems Private Limited (India), Langguth (Germany), Quadrel Labeling Systems (US), Pack Leader Machinery Inc. (Taiwan), KWT Machine Systems Co. Ltd. (China), HERMA Labeling Machines (Germany), Label-Aire, Inc. (US), Nita Labeling Equipment (Canada), Evolabel AB (Sweden), Sato Holdings Corporation (Japan), Accutek Packaging Equipment Co. Inc. (US), ID Technology, LLC (US), P.E. Labellers S.p.A (Italy), Accraply Inc. (US), Multi Pack Machinery Company (India), Avery Dennison Corporation (US), and Markem-Imaje Corporation (India).
The Global Labeling Equipment Market is relatively competitive, with a high number of players across the globe. The players are expected to adopt various strategies to expand their presence and increase their shares in the global market. The manufacturers are focusing on developing more advanced and automated systems to remain in sync with global demand.
Frequently Asked Questions (FAQ) :
The global labeling equipment market is estimated to acquire substantial value during the forecast period.
The global labeling equipment market is estimated to thrive at a CAGR of 6.5% during the forecast period?
The APAC region dominates the global market majorly due to the increasing demand for automated solutions for labeling in the consumer industries. Besides, the presence of emerging economies like India, China, and Japan are estimated to play an important role in expanding the market.
The global labelling equipment market can be segmented on the basis of automatic, technology, manual, and semi-automatic.
The most renowned names of the global labelling equipment market are Langguth (Germany), Quadrel Labeling Systems (US), Nita Labeling Equipment (Canada), Sato Holdings Corporation (Japan), Krones AG (Germany),