Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.02 Billion | USD 10.90 Billion | 6.48% | 2022 |
According to the report published by Zion Market Research, the global Label Printing Machines Market size was valued at USD 7.02 Billion in 2022 and is predicted to reach USD 10.90 Billion by the end of 2030. The market is expected to grow with a CAGR of 6.48% during the forecast period.
The report analyzes the global Label Printing Machines Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Label Printing Machines Industry.
Label printing machines are utilized to print and apply different labels on attractively packaged containers prepared using different materials including aluminum, glass, plastic, and many more. Label printing machines are utilized to create & label on display, and efficient point of scale & transit packs. Labels are utilized to a decorative, efficient market, or convey useful information regarding the products and brands to customers. Moreover, labels also aid to differentiate between products in order to keep continue the branding and visibility in the retail sector. Labeling machines are utilized in dispensing labels on cartons and packages in the sectors like e-commerce widely.
One of the major factors driving the growth of the global label printing machines market is the adoption of automation technology for label printing. To increase operational efficiency and productivity, efficient automation technology is widely implemented in several industries. There is an on-going trend for premiumization in the labeling. The visual appeal can help to increase sales lead and hence manufacturers are investing heavily to offer attractive and expensive appearance to the products. Today, packaging has become very synonymous with communicating brand recognition to consumers to make a profitable deal out of it.
Packaging and transportation undergoes cost reduction through weight reduction of products. Hence, manufacturers are investing in extensive research and development activities to achieve shorter print runs on thinner base materials and thus propelling the growth of the market significantly. Consumers need greater product diversity and a broad spectrum of the products.
This has induced the global label printing machines market to grow significantly with the production of a large number of labels. The vigorous demand for high-speed, accurate, simple, and efficient labeling systems is boosting the growth of the global label printing machines market. Moreover, the rapidly proliferating e-commerce sector owing to its benefits like convenience, cost, and choices are anticipated to witness huge growth. Labels help in anti-counterfeiting and tracking features that facilitate product manufacturers to track all their shipments.
Labels also aid in protection against tampering by assuring that the products are shipped and delivered to customers without any interference. The surging demand for the security label to provide protection against fraud and theft will positively shaping the future of the global label printing machines market during the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Label Printing Machines Market |
Market Size in 2023 | USD 7.02 Billion |
Market Forecast in 2030 | USD 10.90 Billion |
Compound Annual Growth Rate | CAGR of 6.48% |
Number of Pages | 140 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | I.M.A. Industria Macchine Automatiche S.P.A., Tetra Laval International S.A., Barry-Wehmiller GroupInc., Salzgitter AG, Sacmi Imola S.C., ProMachInc., Krones AG, GoDEX International Co. Ltd., cab Produkttechnik GmbH & Co KG, TSC Auto ID Technology Co. Ltd., Citizen Group, Shandong New Beiyang Information Technology Co. Ltd., Toshiba Tec Corporation, Brady Corporation, Honeywell International Inc., Zebra Technologies Corporation, Seiko Epson Corporation, Brother. |
Segments Covered | By Technology, By Type, By Sales Channel, By End-User And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global label printing machines market can be segmented into technology, type, sales channel, end-use, and region.
By technology, the market can be segmented into sleeve labelers, glue-based labelers, self-adhesive labelers, and others. The self-adhesive labelers hold hegemony over others.
By type, the market can be segmented into mobile type, industrial type, and desktop type.
By sales channel, the market can be segmented into distribution channel and direct channel.
By end-use, the market can be segmented into chemicals, personal care, pharmaceuticals, beverages, food, and others. The beverage segment accounts for the largest share in the global label printing machines market due to significant growth in the consumption of health drinks. The food segment is also anticipated to witness huge growth due to the increasing demand for ready-to-eat food and processed foods.
Asia Pacific accounts for the largest share in the global label printing machines market due to the growing economies like India and China. The rising population coupled with increasing disposable income of the people is contributing significantly to the growth of the regional market.
North America is anticipated to witness huge growth with high CAGR due to the increasing e-commerce sector and the growing regulations regarding the labeling and serialization of the products.
Some of the significant players in the global label printing machines market are
By Technology:
By Type:
By Sales Channel:
By End-User:
By Region:
FrequentlyAsked Questions
One of the major factors driving the growth of the global label printing machines market is the adoption of automation technology for label printing. To increase operational efficiency and productivity, efficient automation technology is widely implemented in several industries. There is an on-going trend for premiumization in the labeling. The visual appeal can help to increase your sales lead and hence manufacturers are investing heavily to offer attractive and expensive appearance to the products.
Some of the significant players in the global label printing machines market are I.M.A. Industria Macchine Automatiche S.P.A., Tetra Laval International S.A., Barry-Wehmiller Group, Inc., Salzgitter AG, Sacmi Imola S.C., and ProMach, Inc.
Asia Pacific accounts for the largest share in the global label printing machines market due to the growing economies like India and China. The rising population coupled with increasing disposable income of the people is contributing significantly to the growth of the regional market.
North America is anticipated to witness huge growth with high CAGR due to the increasing e-commerce sector and the growing regulations regarding the labeling and serialization of the products.
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