PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218900
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218900
According to Stratistics MRC, the Global Automatic Labelling Machine Market is accounted for $2.11 billion in 2022 and is expected to reach $2.94 billion by 2028 growing at a CAGR of 5.7% during the forecast period. A machine that applies labels to items is known as an automatic labelling machine. An automatic labelling machine is useful because it can apply labels fast and efficiently, saving time and improving output. Automatic labelling machines are intended for side labelling, wrap-around labelling, top and bottom labelling, and tamper-evident labelling of products. Thus, labelling machines are durable, and their minimal maintenance cost makes them more efficient, saving cost and money and improving production. They are simple to operate and monitor. These automated equipment eliminated the need to rely on human labour for every procedure in packaging and transportation.
According to the Centers for Medicare and Medicaid Services, the United States is expected to spend USD 3.2 trillion in 2019 on personal healthcare.
Market Dynamics:
Driver:
High usage across various industries
The market for automatic labelling machines is appropriate and growing in importance as a result of automated packaging solutions in a variety of industries, including food and beverage, pharmaceuticals, personal care, consumer products, and logistics, among others. Labelling equipment is integrated into the workflows of many firms that ship a large number of packed items since labels are required in many situations. Other businesses that employ an inventory management and storage system require unique labelling equipment and gear.
Restraint:
Maintenance expenditure
Automatic labelling machines are generally more expensive than conventional labelling machines. Well-known manufacturers are developing these machines by combining labelling machines with coding, painting, or palletizing machines, which eventually raises production costs. Furthermore, a sudden malfunction of the machine during business operations has major consequences, such as damage to container material, label wrinkling, label flagging, and so on. Small and medium-sized packaging businesses find it difficult to include expensive machines, reducing demand for automated labellers. Considering all of these reasons, maintenance expenditure is expected to play a crucial role in limiting the market's growth.
Opportunity:
Production of Eco-Labels or Green Labelling
Eco-labels, also known as green labelling, are used by manufacturers to demonstrate that their items were manufactured in an environmentally friendly manner and can be disposed of responsibly. Manufacturers of automatic labelling machines are working to diversify their product offerings so that customers have a variety of choices. In North America, for example, producers of automobiles and home appliances are required by law to include labels stating how energy-efficient their items are. As a result, the increase in environmentally friendly initiatives by manufacturers will supply the market with several potential opportunities.
Threat:
Low Awareness
A few kilometres of inspection with an automatic labelling machine can be finished in a matter of days, but a thorough data analysis may take more than 90 days. Any irregularities discovered in the pipeline during this period are ignored, and another inspection cycle may begin long later. Some software modules used by enterprises shorten the time required to review enormous amounts of obtained data. Data processing activities continue to take longer than data gathering duties for automatic labelling machine market participants, offering a substantial impediment to industry expansion.
COVID-19 Impact
The continuously evolving COVID-19 pandemic has increased market uncertainty and volatility that has impacted sales, operations, and field service activities, globally. This pandemic is projected to have a moderate influence on the market for automatic labelling equipment. Manufacturers in India, China, the United States, and the United Kingdom are feeling the effects of COVID-19's restricted supply chain movements. According to our secondary study, very few manufacturers (both multinational and regional) in India are able to sustain operations while employing only 20% of their employees. However, the situation is expected to improve quickly across the country beginning in the second part of 2022.
The shrink sleeve labellers segment is expected to be the largest during the forecast period
The shrink sleeve labellers segment is estimated to have a lucrative growth, due to the machine allows full-body designing for clearer graphics, colour, and impact. Furthermore, the shrink sleeve labelling machine employs sleeve films that are long-lasting, light-sensitive, abrasion-resistant, and waterproof. Labels on containers and bottles can be removed efficiently, allowing the container or bottle to be reused. Because it does not require glue and generates no toxic waste, sleeve film is environmentally friendly. It is easily recyclable. Although shrink sleeve labellers are more expensive than other labelling equipment, they are the most effective method for improving client brand recognition and marketing.
The food and beverages segment is expected to have the highest CAGR during the forecast period
The food and beverages segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the accuracy in high-quality labelling. The manufacturers are focusing on factors such as automatic labeller integration with tapping and decorating machines, etc. to adopt the automated technology. The growth is further attributed to the increasing demand for packaged foods such as ready-to-eat meals, frozen meals, snacks, and desserts among others. Automatic labelling machines are used to apply labels on various food products including canned goods, cartons of milk, and bottles of wine among others.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the development of the labelling machines industry, rising demand for automated labelling solutions, & increasing consumer awareness regarding packaging industry. In addition, the increasing demand for packaging in the food industry within the region is further anticipated to propel the growth of the automatic labelling machine market in the region. Moreover, countries such as China, Thailand, and India are major labelling solution exporters in the Asia Pacific region for automatic labellers.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the rising demand from the consumer for high product transparency during the forecast period. Furthermore, the increasing consciousness among consumers regarding the details of the product will further boost the growth of the automatic labelling machine market in the region. Utilization of wet glue-based automatic labellers in the food and beverages industry is further expected to compliment the market growth in the forecast period.
Key players in the market
Some of the key players profiled in the Automatic Labelling Machine Market include Weber Marking Systems GmbH, Kunshan Bojin Trading Co., Ltd., Worldpack Automation Systems, HERMA GmbH, Wuxi Sici Auto Co., Ltd., Fuji Seal International, Inc., CVC Technologies, Inc., Inline Filling Systems, Krones AG, ProMach, Marchesini Group S. P. A., Accutek Packaging Companies, Novexx Solutions GmbH, CTM Labelling Systems and Creative Labels Inc.
Key Developments:
In March 2021, HERMA U.S. Inc., introduced HERMA 123M HC Wrap-around continuous Labelling machine for pharmaceutical companies. It has two new modules, EasySplicer and EasyCutter, which change the backing paper automatically without machine coming to standstill.
In August 2020, The VR-72 Labeler was introduced by ProMach Pharma's Weiler Labelling Systems for use in packaging COVID-19 vaccines. With its continuous motion pressure-sensitive mechanism and modular architecture, the product can quickly apply wrap-around labels to a variety of cylindrical objects.
In September 2019, Herma US introduced a new ultra-compact Labelling machine at Healthcare Packaging Expo held in September 2019. The new Labelling machine is designed to meet the pharma sector demands for a fully FDA-compliant labeller in a very compact footprint. This Herma 211 HC is suitable for Labelling a wide range of cylindrical products, including syringes, tubes, glass vials, and ampoules.
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What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options: