PUBLISHER: Ken Research Private Limited | PRODUCT CODE: 1337567
PUBLISHER: Ken Research Private Limited | PRODUCT CODE: 1337567
The report provides a comprehensive analysis of the potential of Global Labelling Machine Industry. The report covers an overview and genesis of the industry, market size in terms of number of labelling machines sold.
The report has market segmentation which include segments by technology, end user and by region; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. the report concludes with future market projections of each market segmentation and analyst recommendations.
According to Ken Research estimates, due to the impact of COVID-19, there has been supply chain disruptions, unavailability of materials used in the manufacturing process, labor shortages, fluctuating prices, and inflation in production costs. The Global Labelling Machine Market is currently at $ 2.5 Mn and expected to exceed $ 4 Mn by 2027.
The rising customer demand for increased product diversity is a major factor driving the market expansion for labeling machines. More products are produced and introduced to the market daily to cater to consumer demand. To ensure revenue and keep products relevant, smart and effective labeling is becoming increasingly popular.
To address product variability, engineering companies have developed labelers with different capabilities that address various packages. Labeling machine installation in small-scale businesses is not affordable, as it requires significant investment costs and trained professionals to operate the machine. The demand for all-in-one solutions in one machine, like packaging, labeling, and other operations, has raised the cost of machines, which can impact the market's growth.
By End User: Food and beverage companies have unique labeling requirements and various packaging types. Finding a labeling solution that can adapt to, for example, semi-automatic and automatic labeling machines that offer production consistency and accurate precision for companies to label their products and display their brand name on the bottle.
By Region: Asia-Pacific is home to the largest population in the world. With increasing consumer awareness regarding packaging, the demand for packaging in the food industry and high-speed and high-quality labeling solutions is increasing. China and Taiwan are the major exporters in the Asia-Pacific region for automatic labeling machines.
The Global labelling machine market remains fragmented, with numerous international, regional, and local vendors. The automatic labeling machine market has many companies and moderate profitability (CAGR), creating strong market share competition. Overall, the intensity of competitive rivalry is expected to be high during the forecast period. The key players in the market are Accutek Packaging Equipment, SIDEL (Tetra Laval Group), Barry-Wehmiller Group and Krones AG. etc.
The global labelling machine market is poised for significant growth to approx. USD 4 Mn due to increasing demand for automation and improved productivity in manufacturing processes. Stringent regulations and traceability requirements also contribute to the market expansion. Adoption of advanced technologies like RFID and barcode labelling systems further fuels the market. The growing e-commerce industry and the need for attractive packaging drive the demand for labelling machines. Asia Pacific is expected to dominate the market, fueled by rapid industrialization and adoption of automation solutions.