Labeling Machines Market Size, Share, Growth, Trends and Forecast Report
by Susan Hill Business ConsultantThe
global labeling machines market size is projected to be
valued at USD 9.2 billion by 2025, exhibiting a CAGR of 7.0% over the forecast
period, according to a new report by Grand View Research, Inc. Ascending demand
for automation from several end-use industries coupled with the presence of
regulations pertaining to product labeling, serialization, and tracking is
likely to have a positive impact on the market growth.
E-commerce
industry is flourishing with the growing population and rising disposable
income. The rapid growth of this industry and increasing consumer demand for a
wide range of functional food & beverages are likely to propel the demand
for labeling machines over the forecast period. Moreover, rising demand from
product manufacturers for flexible high-speed labeling machines owing to
increased production is also likely to contribute to the market growth.
Based on
technology, the market for labeling machines has been segmented into pressure
sensitive labelers, glue-based labelers, sleeve labelers, and others. Pressure
sensitive labelers technology segment dominated the global market in 2018.
Pressure sensitive labelers are economical, easy to operate, and are ideal for
applications wherein the product may get damaged by heat or water.
Sleeve
labelers technology segment is likely to progress at the highest growth rate of
8.5% over the forecast period. Shrink sleeve labelers provide full-body
labeling, thereby offering maximum brand visibility and promotion. Growing
competition within several end-use industries has prompted product
manufacturers to differentiate their products in order to gain a competitive
advantage, which is expected to favor the growth of this segment.
Beverages
emerged as the largest end-use segment in 2018 while pharmaceuticals is likely
to emerge as the fastest-growing segment over the forecast period. Labeling
machines are widely utilized in beverage industry for the application of labels
on various containers made from different materials such as glass, plastic, and
aluminum.
Further key
findings from the report suggest:
- In terms of
value, the labeling machines market is anticipated to reach USD 9.2
billion by 2025 on account of the increasing demand for automation, the
presence of stringent regulations, growing population, and rising
disposable income
- Personal care
end-use segment is expected to progress at a CAGR of 7.7% over the
forecast period. Escalating demand for various personal care products is
expected to have a positive impact on the segment growth
- Asia Pacific
held the largest revenue share in 2018 and is anticipated to ascend at a
CAGR of 8.4% over the forecast period. The product demand in this region
is expected to be driven by several major emerging economies such as China
and India
- The U.S. market
is anticipated to reach USD 1.22 billion by 2025. Rising demand for
flexible and versatile labeling machines in order to reduce label waste
and operating costs is expected to favor the market growth
- The global market is fragmented in nature with the presence of numerous participants. However, the key players operating in the market include Krones AG, Tetra Laval International S.A., Sacmi Imola S.C., and ProMach, Inc. among others.
Access full
research report on global labeling machines market:
www.grandviewresearch.com/industry-analysis/labeling-machines-market
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Created on Oct 22nd 2019 05:19. Viewed 348 times.