The global top labelling equipment market is anticipated to accumulate a market value of USD 8.02 billion in 2023 and is expected to record a market valuation of USD 17.4 billion by exhibiting a CAGR of 8.05 % in the forecast period 2023 to 2033. The market for Top Labelling equipment market registered a CAGR of 6.1% in the historical period 2018 to 2022.
Labelling equipment allows to place labels more accurately and quickly. The labelling by using automation equipment is very efficient and has enabled many industries to reduce their labor cost. Also, some of these equipment can do both label printing and placing works simultaneously. Thus, with the surging demand for smart labelling the labelling equipment market is expected to witness remarkable growth during the forecast period.
The global retailing business has seen exceptional growth especially with the growing penetration of e-commerce companies. At the same time, stringent regulations regarding compulsory labelling have also come into force across the globe which is boosting the market growth. This need for labelling has brought upon positive impact on the labels and the labelling equipment market.
The growing need for automation in the packaging and labelling industry is also one of the major factor driving growth of the labelling equipment market. The need for packaging and labelling has also surged significantly as it directly impacts the sales of the product.
Rising government regulations regarding the need for knowledgeable labels is also creating the demand for labelling equipment. Furthermore, the growth in retail sales with the increase in disposable income of people is generating more demand for products requiring compulsory labelling.
Labelling equipment is highly beneficial in comparison with manual labelling that has high cost and less efficiency. The Automation of labelling equipment helps industries to explore more decorative and durable labelling methods and materials. Thus, several benefits offered by labelling equipment are the primary factors responsible for the growth of the labelling equipment market.
On the other hand, companies in label equipment market are trying to innovate their product range so that they can operate more efficiently. These automated machines can perform multiple tasks in less time.
For instance, In September 2019, Herma USA, a subsidiary of Herma-Gmbh, a German company, which sells labeling machinery has launched a new ultra-compact labeling machine known as The Herma 211 HC. This labeling machine is very useful, especially in pharmaceutical industry. Numerous types of pharmaceutical products can be labeled by using ‘Herma 211 HC’.
This labeling machine is capable of printing accurate labels and it can also identify and reject any defective label. This new machine can apply 30 labels per minute and also can be used to label the products ranging between 10 mm-120 mm diameter. This machine is suitable for nonstop working as well.
Region-wise, the market for top labelling equipment in Asia Pacific is expected to grow with fastest CAGR of 7.4% during the forecast period. The growth is attributed to the development of packaging machinery industry, demand for automated labelling solutions and increasing consumer awareness regarding packaging. Furthermore, the demand for packaging food industry and the need for high speed and high-quality labelling solutions is further driving market growth in this region.
Likewise, North America is expected to accumulate significant market share of around 38% in sales of top labelling equipment by end of the forecast period. Factors such as increasing health awareness, and adoption of automated technology is propelling the demand for labelling equipment in this region. Furthermore, utilization of wet glue-based automatic labelers in the food and beverage industry is further anticipated to aid in market expansion.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 8.02 billion |
| Projected Market Value in 2033 | USD 17.4 billion |
| Growth Rate (2023 to 2033) | 8.05% CAGR |
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Latest developments in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing Top Labelling equipment are expected to create lucrative opportunities for market growth during the forecast period.
Labeling a product creates its identity which associates it with the brand owners. Thus, labelling is an essential element of packaging a product. Top labeling is an equipment which aims at improvising the modern production process.
In the recent times, consumer awareness and looking for information regarding product on the labels has seen a high demand, which is likely to boost the demand for top labelling equipment.
With mechanization, the production efficiency has increased and chances of errors have gone down. Therefore, a growing number of brand owners are adapting the use of top labelling equipment for packaging and labelling their products.
Labelling is an important aspect of packaging as it enhances the goodwill of the product and establishes communication and creates value for the customers. This is likely to augment the growth of the top labelling equipment and would impact its market positively.
Rising demand by customers for reliable and transparent product information and automation by end use industries is likely to hike the demand for top labelling equipment .Growing demand for E-commerce where labelling is essential element is likely to increase the demand for top labelling equipment.
Furthermore, labelling allows tracking and reducing the chances of counterfeiting as packages can be traced in transit using labels. To prevent theft and fraud, labelling plays an important role. This in turn would boost the demand for top labelling equipment which will positively impact the market.
Rising population ,increasing disposable income and growing consumption of food & beverages, personal care and healthcare products, consumer goods and electronics might boost the demand labelling the packages by the manufacturers which is anticipated to grow the demand for top labelling equipment.
The top labelling equipment have high accuracy and are faster compared to humans, this results in better returns and enhanced cost savings for the brand owners which make them opt for top labelling equipment.
Consumers are demanding a wide range of products and are moving their focus on brands providing more variety of products to choose amongst the product range. This has led to production complexity and more focus on inventory management.
In order to cater these challenges, there is increasing demand for labelling machines which can perform variety of functions on larger number of applications. Thus, this might lead to increasing demand for top labelling equipment and the market might witness a positive growth in the years to come.
Asia Pacific is anticipated to dominate the global demand for top labelling equipment due to presence of emerging economies such as India and China. Owing to growing population, rising income level, expanding various end use industries such as food & beverage, health care, personal care and consumer goods, the demand for top labelling equipment is expected to grow.
In other regions such as North America and Europe, the demand is likely to grow for top labelling equipment due to adoptions of regulatory norms regarding the labelling and packaging of products. Demand for transparent packaging and curiosity in customers to know what they are consuming is likely to augment the demand for top labelling equipment which will have a positive impact on the growth of the market.
Key players in the top labeling equipment market are as follows,
Top Labelling Equipment Market can be segmented on the basis of type, End use industry and technology.
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Top Labelling Equipment Market
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