With a CAGR of 5.4% from 2022 to 2028, the label applicators market is anticipated to grow from an estimated US$ 2.6 billion in 2022 to US$ 3.5 billion by 2028.
With sales of about 233 Thousand units, label applicators are expected to experience a 5.1% year-over-year growth in 2021. While FMI continues to predict that the market for label applicators will expand significantly, this is mostly because end-use sectors have seen significant expansion in their use of high-speed labelling solutions globally. Asia-Pacific is expected to account for 39% of label applicator sales in 2028, according to FMI, up from 34% in 2022.
The size of the global market for label applicators was estimated at USD 1.29 billion in 2020, and it is anticipated to increase at a CAGR of 4.8% from 2021 to 2028. Automated systems known as “label applicators” are used to apply labels on a variety of goods and packaging. Several industries, including those in the food and beverage, healthcare, personal care, and consumer products, make extensive use of these systems.
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The market is segmented based on type, application, and region. On the basis of type, the market is segmented into pressure-sensitive label applicators, roll-fed label applicators, and others. The pressure-sensitive label applicators segment is expected to dominate the market during the forecast period. This is due to the increasing use of pressure-sensitive label applicators in various applications such as food and beverage, healthcare, and personal care.
Based on application, the market is segmented into food and beverage, healthcare, personal care, consumer goods, and others. The food and beverage segment is expected to dominate the market during the forecast period. This is due to the increasing demand for packaged food products and the rising awareness about food safety and hygiene. The healthcare and personal care segments are also expected to grow at a significant rate during the forecast period.
Regionally, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. The Asia Pacific region is expected to dominate the market during the forecast period. The growth in the region is driven by the increasing population, rising disposable income, and growing urbanization. The market in North America and Europe is also expected to grow at a significant rate during the forecast period.
In conclusion, the global label applicators market is expected to witness significant growth during the forecast period, driven by the increasing demand for packaged food products and the rising awareness about food safety and hygiene. The market is segmented based on type, application, and region. The Asia Pacific region is expected to dominate the market during the forecast period, followed by North America and Europe. The major players operating in the market include Weber Packaging Solutions, Inc., Krones AG, Videojet Technologies Inc., Pro Mach, Inc., CCL Industries Inc., CTM Labeling Systems, Inc., Quadrel Labeling Systems, Inc., ID Technology LLC, Weber Marking Systems GmbH, and Label-Aire, Inc.
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Label Applicators Market by Category
By Automation:
- Semi-Automatic
- Automatic
By Speed:
- Less Than 1,000 IPM
- 1001 – 2,500 IPM
- Above 2,500 IPM
*IPM- Inches per Minute
By Application:
- Bottles
- Vials
- Pouches
- Boxes & Carton
- Trays
- Others
By End-Use:
- Chemicals
- Personal Care & Cosmetics
- Food & Beverages
- Pharmaceuticals
- Electrical & Electronics
- Logistics & Warehousing
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa (MEA)
- Japan
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