Label Applicators Market | Scope of Current and Future Industry...

Label Applicators Market | Scope of Current and Future Industry 2033

Posted 2024-09-11 08:04:33

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According to Future Market Insights (FMI) research, during the projected period, the global label applicators market is expected to surge at a CAGR of 4.3%. The market value is projected to increase from USD 2,959.6 million in 2023 to USD 4,489.5 million by 2033.

The global label applicators market was valued at USD 2,816.6 million at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 5.1% in 2023.

Label applicators are used to apply labels to products, containers, or packaging materials. These range from manual tools for small jobs to highly automated systems for industrial mass production. Labels can include key product information, branding elements, barcodes, QR codes, and regulatory compliance details.

Manufacturers are looking for approaches to improve supply chain visibility and traceability, automate and control quality to conserve resources, and easily adjust to supply chain disruptions.

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Businesses can create a simple, streamlined printing interface via a web browser and can be protected with a username and password. Each supplier can only access authorized labels allotted to them. With a consistent supplier labeling system, companies have a much inferior risk of mislabeling by suppliers and benefit from ultimate traceability with the capability to report all past label changes.

Operating directly with suppliers constructs a more interconnected supply chain and diversification of those suppliers is another way manufacturers avoid supply chain and inventory problems. An integrated network of suppliers enables the rapid addition of new suppliers without burdening the IT team with bottlenecks caused by disparate label management systems.

Key Takeaways of Label Applicators Market

By automation, automatic is anticipated to expand 8X times the current market value by 2033 and create an absolute incremental opportunity of USD 1,540.1 million.
By end use, the beverage segment is anticipated to surge at a CAGR of 9% gaining incremental opportunities of USD 500.1 million till 2033.
The pharmaceutical segment is expected to hold 7% by the forecast year 2033 and the segment is likely to grow further in the future.
By region, East Asia is projected to gain a CAGR of 3% in the forecast years offering an incremental opportunity of USD 351.6 million.
South Asia and the Pacific are anticipated to clock a CAGR of 2% from 2023 to 2033, generating revenues of USD 875.4 million by 2033.

Competitive Landscape

The key market players are increasing their market worth by introducing innovations and developments in the worldwide label applicators market. Recent operations and mergers implemented by the largest player in the market include:

In May 2022, Herma GmBH announced the development of a label applicator that could label paint buckets in 3D for the JUB Group.
In Nov 2022, ProMach Inc announced the acquisition of Ferlo, a manufacturer of product handling automation systems.
In January 2021, Accraply LLC (BARRY-WEHMILLER COMPANIES) introduced the Sirius MK6, a modular labeler built to handle heavy-duty label applications at high speeds.

Label Applicators Market: Key Players

ProMach, Inc, Herma GmbH, Advanced Labeling Technologies, Accraply, a Barry-Wehmiller company, Nita Labeling Systems, Accutek Packaging Equipment Company, Inc., Advent Label Applicator Co, CTM Labeling Systems, SACMI Group, Krones AG, ILTI s.r.l., Aesus Packaging Systems Inc., APACKS, and others are prominent players in the label applicators market. The Tier 1 players in the market hold a 5 to 10% share in the label applicators market.

Label Applicators Market Report

Future Market Insights (FMI), in its new report, offers an unbiased analysis of the label applicators market, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033.

Global Label Applicators Market Segmentation by Category

By Automation: