The global label applicators market is expected to witness significant 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. This represents a compound annual growth rate (CAGR) of 5.4% during the forecast period. The market is driven by the increasing demand for high-speed labeling solutions in various industries. In 2021, the sales of label applicators are anticipated to grow by 5.1% year-on-year, with over 233 thousand units sold.
Asia-Pacific accounts for a significant share of the label applicators market, representing 34% of sales in 2022. This share is expected to increase to 39% by 2028. The label applicators market forms a small portion, around 4-5%, of the global packaging machinery market, which is valued at approximately US$58 billion in 2021.
The market for label applicators is influenced by factors such as industry dynamics, initial investment costs, and technological advancements. Advanced print and apply labellers have emerged in the market, offering versatility and reliability for various applications. In June 2022, ProMach acquired Reepack, a leading manufacturer of flexible packaging, contributing to the advancements in the label applicators market.
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The growing demand for label applicators is primarily driven by the need for efficient packaging and labeling in various industries. Automated label applicators reduce errors, increase efficiency, and save time and money. The adoption of automated machines and technological advancements are key factors contributing to the growth of the label applicators market.
Key Takeaways:
- The global label applicators market is projected to reach approximately US$3.5 billion by 2028, growing at a CAGR of 5.4%.
- Asia-Pacific accounts for a significant share of label applicator sales and is expected to increase its share by 2028.
- Label applicators form a small portion of the global packaging machinery market.
- Technological advancements, increasing demand from end-use industries, and the adoption of automated machines are driving the growth of the label applicators market.
- Automated label applicators offer high-speed solutions, reduce errors, and improve efficiency in the packaging process.
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.
- 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.
- CTM Labeling Systems
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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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