According to SPER Market Research, the Labeling Equipment Market is referring to tools and gadgets that make it easier to label packed goods. The automated apparatus used to apply labels on items uses cutting-edge technology, works quickly, saves time, and almost eliminates the possibility of human error. The label is a crucial component of every product. The product’s label contains all the necessary details, including the price, the type of material used, the manufacturer’s name, and the date the product was made. A higher-quality, more appealing, and clearer label may be created by employing high-quality labeling equipment. There are many different types of labeling equipment, from automatic to straightforward manual. Several businesses, including packaged foods, medicines, and fast-moving consumer goods (FMCG), require labeling equipment.
In order to function more effectively and efficiently, companies in the label equipment industry are attempting to develop their product portfolio. Some businesses engage in mergers and acquisitions to create new technologies. Platinum equity LLC purchased Multi-color Corp. by WS packaging group, the top label converter in North America. Globally rising food and beverage consumption also drives up demand and supply in developing countries. Urbanization, modernization, and globalization are factors driving the increase in market value. Equipment and machinery sales have already been impacted by COVID-19, and market growth is anticipated to suffer throughout the year. The food and pharmaceutical industries have been severely impacted by Covid’s changes in customer consumption habits, lockdowns, and changing legal framework. Due to lockdown, the pandemic has, on the one hand, hindered the movement of the labor and logistic supplies. Nonetheless, packaged food and pharmaceutical sales have expanded dramatically, and as a result, they have become a significant factor in the growth of the market.
Labeling Equipment Market Overview:
- Forecast CAGR (2022-2032): 5.04%
- Forecast Market Size (2032): 6.13 billion
Labeling equipment is capable of producing text, graphics, basic barcodes, 2D codes, batch codes, expiration dates, and even vibrant pictures and logos. In order to dispense, attach, or print labels on packages, containers, and other items, labeling machines are essential. The most popular labeler that does not require an operator is the automated labeler. Equipment for labeling is becoming more advanced technologically. These devices may be altered to fit the product’s size and shape. Both printing and applying labels to products are done using automated labeling equipment. This business is primarily promoted by reducing total manufacturing time by increasing efficiency through technology advancements.
Impact of COVID-19 on the Global Labeling Equipment Market
The latest coronavirus pandemic had a detrimental effect on the market. Market demand and supply were influenced by the trade restrictions and supply chain disruptions. The implementation of travel restrictions turned out to be a curse for the industry. The massive drop in consumer demand for ostentatious and unneeded goods presented another obstacle to the market’s development pace. Due to the low demand from the labeling business, the market for labeling equipment is anticipated to decline. The COVID-19 pandemic has halted manufacturing of a number of items in the labeling equipment sector, mostly as a result of the protracted state of emergency in several developed nations. This has considerably slowed the market’s growth for labeling equipment. The COVID-19 has already had an impact on machinery and equipment sales. The U.S., Germany, Italy, the United Kingdom, and China, which are all important manufacturing nations and are severely impacted by the corona virus, were once the main sources of equipment and machinery demand. However, this demand has now stopped due to the corona virus’s rapid expansion.
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Labeling Equipment Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- Consumer Products
- Food & Beverages
- Personal Care
By Labeling Equipment:
- Glue-Based Labelers
- Pressure Sensitive/Self-Adhesive Labelers
- Sleeve Labelers
- Bottom Labeling Machine
- Front and Back Labeling Equipment
- Full Body Sleeve Labeling Equipment
- Top Labeling Equipment
- Top and Bottom Labelling Equipment
- Wrap Labeling Equipment
- Middle East & Africa
- North America
- Latin America
Due to the rising need for packaging goods in this area, North America dominates the market for labeling equipment. Due to the significant increase in package consumption across all major countries in this region, the Asia-Pacific region is predicted to see the highest growth in the labeling equipment market over the projected period. Germany is a highly developed country that emphasizes automation.
Labeling Equipment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Accraply Inc.,Avery Dennison Corporation, E. labelers S.P.A, Evolabel AB, ID Technology, KWT Machine Systems Co. Ltd, LLC, Markem-Imaje Corporation, Multi Pack, Machinery Company, Pack Leader Machinery Inc., Sato Holdings Corporation, World Pack Automation System Private Limited.
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Sara Lopes, Business Consultant – USA
SPER Market Research