Print And Apply Labeling And Labeling Equipment Market Size (2024 - 2029)

Print And Apply Labeling And Labeling Equipment Market Analysis

The Print and Apply Labeling and Labeling Equipment Market size is estimated at USD 5 billion in 2024, and is expected to reach USD 6.14 billion by 2029, growing at a CAGR of 4.21% during the forecast period (2024-2029).

• The market is primarily driven by the growing demand for high-speed and accurate labeling solutions and automation in the packaging sector of the food and beverage industry. The global market for print and apply labels and labeling equipment is expanding due to the usage of rising automation techniques and technical developments. The industry is highly competitive, and quality printing of labels becomes necessary to ensure the supply chain runs smoothly. During the forecast period, labels’ tracking and anti-counterfeiting functions are expected to make it simple for product manufacturers to keep track of shipments. Labels also protect against tampering by guaranteeing that the products are delivered to the clients without disruption. An increase in demand for this equipment is expected to increase the demand for security labeling to prevent fraud and theft.
• Over the past few years, especially during the period after the COVID-19 pandemic, people have become extremely health conscious. The change in lifestyle and dietary plans has resulted in the demand for labels across the food and beverage industry. The help of informative labeling gives the proper understanding of the product’s ingredients and proportions. Also, some labels come with colorful demarcations that differentiate the products from others. According to research published by the Federal Ministry of Food and Agriculture - BMEL, between 2017 and June 2022, the number of companies using organic labels increased from 5,044 to 6,649. This increasing trend in the usage of labels signifies the rising demand for labeling machines in the market.
• The requirement for printing and labeling applications has also increased significantly owing to their immediate impact on the product’s image in end-users minds. The market is projected to continue to expand due to rising demand for precise, quick, and uncomplicated labeling machines. The market for labeling machines is also anticipated to be driven by robust e-commerce growth during the forecast period. In the e-commerce industry, labeling machines are used to apply labels and barcodes on various cartons and packages. The uptick in e-commerce would directly signify a spike in demand for sophisticated labeling machines.
• Labeling machines play an essential role in the packaging industry. Numerous machines are available to buy that can help improve productivity and efficiency in any business. Development in the packaging printing industry, demand for aesthetics, product differentiation, and technological advancements are some digitally printed packaging market drivers. A significant initial investment is required to install labeling equipment. Setting up a factory or purchasing a printing press requires higher investments. There is a growing demand for economical, sustainable, and innovative printing technologies. Changes in trends and printing technology will force manufacturers to go through the process all over again. This poses a challenge to the market's growth.
• The emergence of the COVID-19 pandemic boosted market growth, particularly for food and beverage packaging and pharmaceutical packaging machinery. This is due to increased demand for various foods and medicines through online and offline channels.

Print And Apply Labeling And Labeling Equipment Industry Segmentation

The study takes into account the profits made from the sales of labeling equipment as well as from the sales of label printing and application equipment by various market vendors. Print and apply labeling and labeling equipment revenue (USD) is considered for the market size and forecasts. The market study factors the impact of COVID-19 on the print and apply labeling and labeling equipment markets based on the prevalent base scenarios, key themes, and end-user vertical-related demand cycles.

The print and apply labeling and labeling equipment market is segmented by technology (automatic, semi-automatic, manual), type (pressure sensitive/self-adhesive label, shrink sleeve label, glue-based label, and in-mold label), end-user vertical (pharmaceutical, food and beverage, personal care and household care, and other end-user verticals), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the segments.