The market for label applicators is expected to reach US$ 3.5 billion by 2028, at a CAGR of 5.4% from 2022 to 2028, from an estimated US$ 2.6 billion in 2022.
The global sales of label applicators are anticipated to grow at 5.1% y-o-y in 2021 with sales of more than 233 Thousand units. While FMI still estimates the label applicators market to grow significantly, Due to significant growth recorded in end use industries for high-speed labelling solutions across the globe.
According to FMI, Asia-Pacific accounts for 34% of sales of label applicators in 2022 and is anticipated to account for 39% of sales in 2028.
The global label applicators market size was valued at USD 1.29 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. Label applicators are automated systems that are used to apply labels on various types of products and packaging. These systems are widely used in various industries such as food and beverage, healthcare, personal care, and consumer goods.
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The market is segmented based on type, application, and region. On the basis of type, the market is segmented into pressure-sensitive label applicators, roll-fed label applicators, and others. The pressure-sensitive label applicators segment is expected to dominate the market during the forecast period. This is due to the increasing use of pressure-sensitive label applicators in various applications such as food and beverage, healthcare, and personal care.
Based on application, the market is segmented into food and beverage, healthcare, personal care, consumer goods, and others. The food and beverage segment is expected to dominate the market during the forecast period. This is due to the increasing demand for packaged food products and the rising awareness about food safety and hygiene. The healthcare and personal care segments are also expected to grow at a significant rate during the forecast period.
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Regionally, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. The Asia Pacific region is expected to dominate the market during the forecast period. The growth in the region is driven by the increasing population, rising disposable income, and growing urbanization. The market in North America and Europe is also expected to grow at a significant rate during the forecast period.
In conclusion, the global label applicators market is expected to witness significant growth during the forecast period, driven by the increasing demand for packaged food products and the rising awareness about food safety and hygiene. The market is segmented based on type, application, and region. The Asia Pacific region is expected to dominate the market during the forecast period, followed by North America and Europe. The major players operating in the market include Weber Packaging Solutions, Inc., Krones AG, Videojet Technologies Inc., Pro Mach, Inc., CCL Industries Inc., CTM Labeling Systems, Inc., Quadrel Labeling Systems, Inc., ID Technology LLC, Weber Marking Systems GmbH, and Label-Aire, Inc.
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Label Applicators Market by Category
By Automation:
- Semi-Automatic
- Automatic
By Speed:
- Less Than 1,000 IPM
- 1001 – 2,500 IPM
- Above 2,500 IPM
*IPM- Inches per Minute
By Application:
- Bottles
- Vials
- Pouches
- Boxes & Carton
- Trays
- Others
By End-Use:
- Chemicals
- Personal Care & Cosmetics
- Food & Beverages
- Pharmaceuticals
- Electrical & Electronics
- Logistics & Warehousing
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa (MEA)
- Japan
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