by The global automatic labeling machine market has witnessed significant growth, with a market value of USD 2,619.4 million in 2021 and a projected compound annual growth rate (CAGR) of 3.4%. This thriving market is driven by several key factors, including the growing demand for automation in the food industry, improving economic conditions, urbanization, and the rising need for versatile labeling solutions for various products.
Meeting Diverse Consumer Demands
As consumers seek a wider variety of products, the production complexity has increased significantly. To address these challenges, product producers are increasingly turning to versatile labeling machines capable of working with various materials and integrating multiple technologies.
Enhancing Product Security and Anti-Counterfeiting Measures
With the counterfeiting product industry exceeding USD 600 billion in 2021, labeling has become a crucial tool for ensuring product authenticity and tracking shipments. Labels also play a vital role in protecting products against tampering and theft, further driving the demand for labeling equipment.
Green Labels and Technological Advancements
A growing trend in the market is the use of green labels, which not only enhance product security but also align with shifting consumer preferences for eco-friendly products. Technological advancements, such as modular label applicators with increased performance, are contributing to market growth.
COVID-19 Impact
The COVID-19 pandemic had a significant impact on the automatic labeling machine industry, leading to production disruptions. While sales were affected in 2021, the uncertainty surrounding the pandemics potential future effects remains a challenge for market recovery.
Key Drivers
- Food and Beverage Industry Automation: The demand for automation in the food and beverage industry, driven by the need for quick deliveries and product quality, is a significant driver of the market.
- High-Quality Labeling Adhesives: The use of high-quality labeling adhesives, which enhance sustainability and reduce production costs, is expected to boost market expansion.
Key Restraints
- Maintenance Costs: Maintenance costs for automatic labeling machines can be a hindrance, particularly for small- and medium-sized packaging businesses.
Segment Overview
- Self-Adhesive Labelers: Self-adhesive/pressure-sensitive labelers dominate the market due to their versatility, resistance to environmental conditions, and affordability.
- Personal and Cosmetic Segment: The personal and cosmetic segment is expected to dominate the market due to regulatory requirements and the need for automated labeling solutions.
Regional Landscape
- Asia-Pacific: With its rapidly growing population and increasing consumer purchasing power, the Asia-Pacific region is anticipated to acquire a major market share.
- North America: North America is expected to experience significant growth, driven by rising health consciousness and the adoption of automated technologies.
Competitive Landscape
Key players in the Automatic Labeling Machine Market include Krones, Sacmi, Sidel, KHS, Herma, Promach, Marchesini Group, Etiquette, Pack Leader, Novexx Solutions, Fuji Seal International, Sleever International, IMA Group, Tech-Long, Bausch+Strobel, Accutek, Quadrel Labeling Systems, Logopak, Topjet, Videojet, Sinclair International, Maharshi Group, Heuft Systemtechnik, Barry-Wehmiller, and Label-Aire.
Recent Developments
- In October 2021, ProMach Pharmas Weiler Labeling Systems introduced the VR-72 Labeler for COVID-19 vaccine packaging applications.
- In August 2020, Multi-Color Corporation acquired the Hexagon Label Group in Australia and New Zealand, expanding its footprint and product offerings.
As the global automatic labeling machine market continues to evolve in response to changing consumer demands and technological advancements, it is poised for sustained growth in the coming years.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/automatic-labeling-machine-market
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This press release first seen on Brilad
COMTEX_442645543/2840/2023-10-30T06:12:55
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.