The global label applicators market witnessed a CAGR of 2.7% during the historic period with a market value of US$ 2,816.6 million in 2022 from US$ 2,531.6 million in 2017.
According to Future Market Insights (FMI) research, during the projected period, the global label applicators market is expected to surge at a CAGR of 4.3%. The market value is projected to increase from US$ 2,959.6 million in 2023 to US$ 4,489.5 million by 2033. The global label applicators market was valued at US$ 2,816.6 million at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 5.1% in 2023.
Get Your Sample Report – Drive Business Success! https://www.futuremarketinsights.com/reports/sample/rep-gb-5307
This expansion is driven by the increasing demand for automation in packaging processes across various industries, including food and beverage, pharmaceuticals, and logistics. The need for efficient, accurate, and high-speed labeling solutions has led to the adoption of advanced label applicators. Additionally, the rising trend of e-commerce and the subsequent demand for quick and accurate shipping labels have further propelled market growth. Technological advancements in label applicator systems, such as integration with IoT and AI for enhanced performance, are also contributing to the market’s expansion.
The growing emphasis on product safety and anti-counterfeiting measures in packaging has increased the adoption of sophisticated labeling technologies. Moreover, stringent regulations regarding labeling in various sectors are driving the need for compliant and reliable labeling solutions. The market is expected to continue its upward trajectory, supported by ongoing innovations and the increasing importance of efficient supply chain management.
Key Takeaways of Label Applicators Market
- By automation, automatic is anticipated to expand 8X times the current market value by 2033 and create an absolute incremental opportunity of US$ 1,540.1 million.
- By end use, the beverage segment is anticipated to surge at a CAGR of 9% gaining incremental opportunities of US$ 500.1 million till 2033.
- The pharmaceutical segment is expected to hold 7% by the forecast year 2033 and the segment is likely to grow further in the future.
- By region, East Asia is projected to gain a CAGR of 3% in the forecast years offering an incremental opportunity of US$ 351.6 million.
- South Asia and the Pacific are anticipated to clock a CAGR of 2% from 2023 to 2033, generating revenues of US$ 875.4 million by 2033.
“The trend of replacing manual labor with cobots is very evident in the global market. Companies developing complete labeling solutions including manufacturing and warehouse automation, robotics, barcoding, and RFID systems. Digital embellishment has become an important part of label application for alcoholic beverages and luxury items to enable brands to engage with customers.” – says a lead FMI analyst.
Label Applicator Reducing Product Changeover Time Create Traction in the Market
Traditionally, packaging machines were built to meet the needs of a single product. Though, consumer preferences and packaging trends are rapidly shifting towards more aesthetically pleasing packaging. This has led manufacturers to opt for total packaging solutions that allow the same product to be packaged in containers of different sizes.
An automatic pressure-sensitive labeling system with tool-free adjustment for different diameter products and extensive storage capacity of the label applicator software makes changing between products easy. These streamlined changeovers eliminate the cost, effort, waste, and downtime associated with manual or semi-automated labeling.
Automatic labeling equipment can be made to handle a wide variety of products and containers. Thus, in most cases, a single packaging line is sufficient for all products and packaging. Companies are starting to offer devices with very short product changeover times. This type of packaging machine is significantly cheaper and more efficient.
Request Customization of Report: https://www.futuremarketinsights.com/customization-available/rep-gb-5307
Label Applicators Market Landscape
ProMach, Inc, Herma GmbH, Advanced Labeling Technologies, Accraply, a Barry-Wehmiller company, Nita Labeling Systems, Accutek Packaging Equipment Company, Inc., Advent Label Applicator Co, CTM Labeling Systems, SACMI Group, Krones AG, ILTI s.r.l., Aesus Packaging Systems Inc., APACKS, and others are prominent players in the label applicators market. The Tier 1 players in the market hold a 5 to 10% share in the label applicators market.
Label Applicators Market Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the label applicators market, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033.
The study reveals growth projections on the label applicators market by automation (automatic, and semi-automatic), machine (linear, and rotary), by operating speed (up to 70 products/min, 71 to 20 products/min, 121 to 150 products/min, and above 150 products/min), packaging application (bottles, vials and ampoules, pouches & bags, boxes & carton, trays & clamshells, jars, cans, cups & tubs, blister pack, tubes, and stick packs & sachets), label type (pressure sensitive labels, sleeve labels, wet glue labels, hot melt labels, and others (in-mold, pre-gummed, etc.)), and end use (food (ready-to-eat/snacks, dairy products, bakery & confectionery products, fresh produce product, meat, seafood and poultry, sauces, dressings and condiments, and other food products), beverages (alcoholic beverages, and non-alcoholic beverages), personal care & cosmetics, homecare, chemical & fertilizers, pharmaceuticals, electrical & electronics, shipping & logistics, and other industrial).
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube