The global label applicators market is expected to experience steady growth, with an estimated value of approximately US$2.6 billion in 2022 and a projected value of around US$3.5 billion by 2028. The market is anticipated to grow at a CAGR of 5.4% during the period from 2022 to 2028. The increasing demand for high-speed labeling solutions in various end-use industries is driving the growth of the label applicators market.
In 2021, global sales of label applicators are expected to grow by 5.1% year-on-year, with more than 233 thousand units sold. Asia-Pacific holds a significant share of the label applicators market, accounting for 34% of sales in 2022, which is expected to increase to 39% by 2028. The label applicators market forms approximately 4-5% of the global packaging machinery market, which was valued at around US$58 billion in 2021.
Technological advancements have played a key role in the market, with the introduction of advanced print and apply labelers that offer versatility and reliability. These labelers have found applications in various industries. Additionally, acquisitions and collaborations among industry players contribute to the market’s growth. For instance, ProMach’s acquisition of Reepack, a leading flexible packaging manufacturer, further strengthens the market.
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The rising demand for label applicators is driven by several factors, including increased efficiency, reduced errors, time and cost savings, and the need for proper labeling and marking. Automated label applicators are particularly beneficial for high-speed supply chain processes, improving productivity and customer satisfaction.
Key Takeaways:
- The global label applicators market is estimated to reach US$3.5 billion by 2028, growing at a CAGR of 5.4% from 2022 to 2028.
- Asia-Pacific holds a significant share of the market and is expected to see further growth.
- Technological advancements, including advanced print and apply labelers, contribute to market growth.
- Increased demand from end-use industries and the adoption of automated machines are driving factors for the label applicators market.
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Competitive Landscape
The key players operating in the label applicators market are eyeing expanding their presence by investing in operational facilities along with increasing their output capacity. Also, the players are launching innovative packaging and labelling technologies:-
- In November 2021, Gernep Worldwide partnered with Herma GmbH for integrating Herma 500 Rotary in their production line to apply labels at ketchup bottles.
- In October 2021, ProMach won the 2021 Technology Excellence Award at Pack Expo for its new rotary roll-fed labeller.
Key Players:
- ProMach, Inc.
- Herma GmbH
- Quadrel Labeling Systems
- Label-Aire, Inc.
- In-Line Labeling Equipment, Inc.
- ALTech UK labeling Technologies Ltd.
- Universal Labeling Systems
- Weber Packaging Solutions, 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
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