Labeling Equipment Market to be Worth US$ 4.3 Billion by 2030
Reports and Insights has published a new report titled, “Labeling Equipment Market: Opportunity Analysis and Future Assessment 2022-2030”
Labeling Equipment Market, By Labeling Equipment (Primary Applicators, Print & Apply, RFID Labeling Solution), By Product Type (Top Labeling Equipment, Bottom Labeling machine, Top & Bottom Labeling Equipment, Wrap Labeling Equipment, Front & Back Labeling Equipment, Full Body Sleeve Labeling Equipment), By Technology (Automatic, Semi-Automatic, Manual), By Labeling Type (Adhesive Based Labeling, Non-Adhesive Based Labeling), By End Use Industry (Food & Beverages, Healthcare & Pharmaceuticals, Cosmetics & Personal Care, Electricals & Electronics, E-Commerce, Automotive, Homecare, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The labeling equipment market is estimated to reach at a value of US$ 3.1 Bn by the end of 2022 and expected to reach at a value of US$ 4.3 Bn by 2030 with a significant CAGR of 4.3%.
A labeling equipment can be perceived as machinery that serves to apply or dispense labels to a broad range of commodities, products, items, packages, and containers. Some of the labeling equipment is not just used to apply or dispense labels, but also to print them. There is a comprehensive range of labeling equipment available in the market, scaling from high–production units that enable for entire automation of the print and apply procedure to manual equipment that offer basic label dispensing.
The rapid development of end-use industries including food and beverages, pharmaceutical as well as consumer goods sector, all across the world, along with increased demand of packaged commodities is primarily driving the growth of the global labeling equipment market.
Other than that, the labeling equipment and machineries are becoming more and more technologically advanced along with innovative attributes which is further estimated to boost the demand of labeling equipment across various industries globally. It is significant to note that the automated labeling equipment has the potential to offer superior quality labels with improved efficiency and within a predetermined time frame.
In addition to that, the labeling equipment is flexible and can be adjusted according to the size and shape of the products. Attributing to which, the global labeling equipment market is estimated to witness substantial growth in the forthcoming years.
As per report, North America is estimated to lead the labeling equipment market since equipment manufacturing and exports is one of the biggest sectors in the United States. In addition to that, the country offers sophisticated and high-end technology with excellent service to optimize productivity, which is projected to help North America dominate the labeling equipment market in the coming years.
Reports and Insights Study identifies some of the key participating players in the labeling equipment market globally are Weiler Labeling Systems, Novexx Solutions GmbH, Labeling Systems, LLC., Ochre Media Pvt Ltd, In-Line Packaging Systems, Barry-Wehmiller Companies, CVC Technologies, Inc., CTM Labeling Systems, Quadrel, Accu-Label Inc., Apogee Industries., B & H MANUFACTURING COMPANY, INC, Blanco Inc., Creative Labels Inc., HSAUSA, Inline Filling Systems, ProMach, H.B. Fuller Company, Henkel Ag & Co. KGaA, CCL Industries Inc., Fuji Seal International, Inc., among others.
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