According to latest research by Future Market Insights (FMI), the global label applicators market is expected to surge at a CAGR of 4.3% during the forecast period 2023 to 2033. The market value is projected to increase from USD 2,959.6 million in 2023 to USD 4,489.5 million by 2033.
The global label applicators industry was valued at USD 2,816.6 million at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 5.1% in 2023.
Global label applicators are set to grow by 4.3% from 2023 to 2033 with an estimated market value of around USD 2,959.6 million as of 2023. As per Future Market Insights, the food and beverage segment by end use held a cumulative share of about 45.8% in 2022 within the global market.
The pressure-sensitive label with a market share of more than 70.6% has topped the global label applicators within the label type category and is expected to grow at a CAGR of close to 4.4% over the forecast period (2023 to 2033).
The emergence of the Internet of Things (IoT) and technological advances have increased the importance of smart labeling solutions. These labels may include additional information such as real-time tracking data, temperature monitoring, and product authentication capabilities. Label applicators capable of processing smart labels were particularly in demand in fields such as logistics and pharmaceuticals.
As consumers and businesses become more environmentally conscious, demand for eco-friendly labeling solutions has increased. Manufacturers have sought label applicators that can use recyclable materials and biodegradable labels to reduce their environmental footprint.
The global label applicators industry is expected to experience a lucrative growth outlook during the forecast period.
A new estimation predicts that sales would generate an attractive incremental growth opportunity of USD 1,672.9 million, and 1.6x times the current market value through 2033.
| Attribute | Details |
|---|---|
| Label Applicators Market Estimated Size (2023) | USD 2,959.6 million |
| Projected Market Value (2033) | USD 4,489.5 million |
| Value-based CAGR (2023 to 2033) | 4.3% |
| Collective Value Share: Top 5 Companies (2022A) | 10 to 15% |
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The global label applicators market had a CAGR of 2.7% during the historical period 2018 to 2022. It gained a market value of USD 2,816.6 million in 2022, up from USD 2,531.6 million in 2018.
The global label applicator market is experiencing robust growth driven by increasing demand for accurate and precise label applications. These applicators also need to maintain production quality and efficiency. Retail business is moving from traditional brick-and-mortar channels to online and B2B websites.
The global e-commerce market is expected to double over the next decade, which is projected to spur the growth of the label applicator market. To remain competitive in the market, label applicator manufacturers are enhancing their supply chains to expand their geographic presence in the global label applicator market.
In addition, manufacturers are expanding their product portfolios by offering machines according to industry requirements. Sustainable and eco-friendly progress and innovation toward lightweight packaging materials is a popular trend in the beverage packaging industry.
Current labeling and automatic labeling machine technology is designed to meet these emerging market trends.
Companies use labels to market their products, and consumers read them to understand important product information. Retailers rely on label barcodes to maintain inventory counts and complete the sales process.
In addition to these uses, labels also allow companies to comply with federal/state regulations and supply chain policies that require certain products to bear essential information.
For instance, beginning in 1972, the FDA has maintained stringent requirements regarding what information over-the-counter (OTC) medications must display on their labels.
The increasing number of copies, counterfeits, and thefts has created a need to make security an important part of labeling. Counterfeit goods affect not only the pharmaceutical industry but 5 to 7% of global trade.
To meet regulatory requirements, comply with supply chain policies, and maintain efficiencies in trade, companies in the manufacturing industry often use printing and application systems to deliver the necessary information to their products.
The manufacturing sector has a complex and intricate supply chain network, with a broad range of players. This includes raw material suppliers, transportation and warehousing managers, distributors, retailers, and end users.
Every step of the network requires accurate labeling for efficient and faster processing and proper tracking and tracing of a product within a supply chain.
Label applicators help in simplifying the process and gaining efficiency in a complicated supply chain network. The manual labeling process is time-consuming and the chances of errors are high, which can reduce overall productivity.
Retailers often specify the label format, barcode data, and information about the product on shipping labels. Standardization makes it easier for workers in the supply chain to look for barcodes or other information while scanning. Label applicators are employed to carry out labeling efficiently.
Several international regulations need to be followed depending on the specific industry a player operates. For instance, the food and beverage, pharmaceutical and medical, and electronics industries have stringent labeling requirements, including product-specific labels and barcode standards for logistics and shipping containers.
Failure to comply with these regulations and standards may result in penalties. As a result, most manufacturers are adopting labels due to these regulatory reasons. Enterprise labeling provides a centralized platform to control and monitor what goes on labels without duplicating the necessary data.
The packaging and labeling industry has been influenced by several government decisions, from the original Food and Drug Act of 1906 (a law prohibiting the interstate commerce of adulterated and mislabeled food, beverages, and drugs) to the Dietary Supplements Health Education Act (DSHEA) of 1994 (which established specific labeling requirements for dietary supplements).
Label applicators can also be used for in-house packaging to avoid mislabeling of products. Rising demand for labels will increase sales of label applicators in the market.
Rising Automatic Machines Usage to Push Sales of Label Applicators Trucks
Automatic label applicators are widely used in industries because they can rapidly apply pre-printed labels to every type of package and product. The different methods used by automatic applicators such as wipe-on, tamp blow or air blow methods allow fast production times.
Automatic labeling substantially reduces the time and improves efficiency compared to other methods. Due to all these factors automatic machines are highly preferred in the market.
The automatic segment has a market share of 84.4% in 2023. It is further expected to rise at a CAGR of 4.6% over the forecast period.
Demand for Label Applicators in Food & Beverages Sector to Favor Expansion of Market
A substantial portion of the global label applicators market is captured by the food and beverages sector. It is expected to create gratifying opportunities for manufacturers in the coming years.
The substantial growth in the food and beverage industries due to the rising demand for packaged food is leading to a higher demand for label applicators.
In the end-use segment, food and beverage are the largest segment with a market share of more than 46.3% in 2023 creating incremental opportunity worth USD 785.1 million during the forecast period.
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| Country | The United States |
|---|---|
| Market Share (2023) | 17.6% |
| Market Share (2033) | 15.6% |
| BPS Analysis | -200 |
| Country | China |
|---|---|
| Market Share (2023) | 8.9% |
| Market Share (2033) | 9.2% |
| BPS Analysis | 30 |
| Country | India |
|---|---|
| Market Share (2023) | 7.8% |
| Market Share (2033) | 9.1% |
| BPS Analysis | 130 |
| Country | Germany |
|---|---|
| Market Share (2023) | 7.4% |
| Market Share (2033) | 6.3% |
| BPS Analysis | -110 |
| Country | Japan |
|---|---|
| Market Share (2023) | 6.6% |
| Market Share (2033) | 7.6% |
| BPS Analysis | 100 |
| Country | ASEAN |
|---|---|
| Market Share (2023) | 5.6% |
| Market Share (2033) | 6.8% |
| BPS Analysis | 120 |
| Country | The United Kingdom |
|---|---|
| Market Share (2023) | 4.1% |
| Market Share (2033) | 3.6% |
| BPS Analysis | -50 |
| Country | France |
|---|---|
| Market Share (2023) | 3.5% |
| Market Share (2033) | 3.3% |
| BPS Analysis | -20 |
| Country | Australia and NZ |
|---|---|
| Market Share (2023) | 3.3% |
| Market Share (2033) | 3.7% |
| BPS Analysis | 50 |
Rising Consumption of Packaged Food in Japan to Lead Sales in Food Retail Sector
The food retail industry in Japan is anticipated to create numerous opportunities for the label applicators market.
According to the report published by the United States Department of Agriculture (USDA), the retail total sales of food and beverage recorded was USD 461 billion in the year 2021. Out of the retail sales, 15% of sales were from convenience stores and the bulk of retail sales was recorded from supermarkets which are 74%.
The increasing consumption of packaged food in Japan will accelerate the need for label application in the sector. Japan is anticipated to gain a 35.3% market share in the estimated year recording a 6.2% CAGR during the forecast years.
Rising Sales of OTC Medicine in the United States to Fuel Sales of Label Applicators
Consumers are moving towards OTC medicines as most of the prescription medicines have turned to OTC and also they are more convenient and affordable options. OTC medicines have become an affordable option for USA consumers and USA healthcare systems.
According to the Consumer Healthcare Products Association (CHPA), retail sales of OTC medicines in the USA generated USD 41.2 billion in 2022. Proper labeling is an essential part of medicines in pharmaceutical industries as it supplies the relevant information to the consumers.
The United States label applicators will generate incremental opportunity worth USD 196.2 million market share in 2023, with a growing CAGR of 3.1%.
The key players in the market are gaining market value by developing innovations and advancements in the global label applicators market. Recent activities and mergers implemented by the leading player in the market are:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.3% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Automation, Machine, Operating Speed, Packaging Application, Label Type, and End Use |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, GCC Countries, China, India, Australia |
| Key Companies Profiled | ProMach, Inc; Herma GmbH; Advanced Labeling Technologies; Accraply, a Barry-Wehmiller company; Nita Labeling Systems; Accutek Packaging Equipment Company, Inc.; Advent Label Applicator Co; CTM Labeling Systems; SACMI Group; Krones AG; ILTI s.r.l.; Aesus Packaging Systems Inc.; APACKS; Nautilus Systems Inc; Worldpack Automation Systems PVT. LTD.; Phoenix Italia S.r.l.; Auto Labe; B & H Labeling Systems; CDA-USA, Inc.; Label Pack Automation, Inc.; ADR AG; Videojet Technologies, Inc.; Primera Technology, Inc.; Label-Aire, Inc; Alpha-Pack Group; ERDA BILIMSEL ARASTIRMA EGITIM HIZMETLERI LTD. STI.; Etisoft Sp. z o.o.; Weyfringe Barcode Labelling Systems; Maharshi Group |
The increasing use of robotics and automation, the growing demand for labeling automation in various industries.
The increasing use of robotics and automation.
China, India, Japan, and South Korea are the key Asian countries in the market.
The food and beverage industry is the key consumer in Asia.
The label applicators market in Asia is expected to grow at a CAGR of 4.3% from 2023 to 2033.
| Expected Market Value (2023) | USD 3,734.8 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 6,011.9 million |
| Projected CAGR (2023 to 2033) | 4.90 % |
| Market Size (2023) | USD 1,163.2 million |
|---|---|
| Market Size (2033) | USD 1,949.6 million |
| Forecast Period CAGR (2023 to 2033) | 5.3% |
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