The market is expected to expand at a CAGR of 5.2% over the forecast period 2018-2028.
Albany, NY -- (SBWIRE) -- 09/10/2018 --
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled "Global Label Applicator Market Investigation and Growth Forecasted until the End of 2028". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated to growth of manufacturers in global market for Label Applicator. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
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The global market for label applicators was valued at US$ 2,044.2 million in 2017. The market is expected to expand at a CAGR of 5.2% over the forecast period 2018-2028.
Label applicator is a machine used to apply pressure-sensitive labels directly to product containers, bottles, packages or drums. Rolls of labels are loaded into the applicator, then applied to the products. There are two general categories of applicator, those that apply pre-printed labels and those that print information directly onto the labels and then apply them to products. The label applicator consists of self-adhesive labels which have readymade gum on the back side and it can be pasted on the container with little press by the machine. Label applicators are useful in applying various labels type including RFID and smart labels, holographic labels, tamper evident or source tagging. Label applicator provides precise placement of pre-printed labels and eliminate the need for a manual or hand-apply process, they are designed for reliable, low-maintenance performance. Label Applicators are installed by many industries such as food & beverage, chemicals, pharmaceuticals, and personal care & cosmetics among others. This machine used as an end of line packaging solution for these industries. For instance, in beverage industry, these machines are installed for applying labels on boxes, trays and bottles.
Food & beverage end use segment of the global label applicators market was valued at US$ 1,087.1 million in 2017 and is expected to expand at a CAGR of 4.8% over the forecast period 2018-2028.
Drivers & Restraints
Revenue for the global label applicators market is driven by growth in end use sectors such as chemicals, personal care & cosmetics, food & beverages, and logistics & warehousing among other industries. Due to ease of application and growing demand of labels in manufacturing sectors is expected to drive the market during the forecast period. Use of label applicators at the end of the production line is quite simple. Also, regulatory requirement of labeling in almost all industries is one of the key drivers for the demand of label applicators. The global market for label applicators is witnessing innovations resulting from product development activities pertaining to packaging material development, design technology of packaging.
However, label applicators are suitable for manufacturers with high output. But cost of labeling machines are quite high and therefore, it is not affordable for manufacturers with lower production capacity. It might hamper the global label applicators market over the forecast period. But post establishment of these machines provide cost effective solution in operation phase.
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The global market for Label Applicators is segmented as per product type, process type, speed, application and end use.
As per product type, the global label applicators market is segmented as follows:
Semi - automated
As per process type, the global label applicators market is segmented as follows:
Wipe - on
As per speed, the global label applicators market is segmented as follows:
100 ipm - 500 ipm
500 ipm-1000 ipm
1000 ipm-1500 ipm
1500 ipm - 2000 ipm
2000 ipm & above
As per application, the global label applicators market is segmented as follows:
Boxes & Carton
As per end use, the global label applicators market is segmented as follows:
Personal Care & Cosmetics
Food & Beverages
Electrical & Electronics
Logistics & Warehousing
The stand-alone product segment of label applicators is expected to drive the global market, by value. Among process type segment, wipe – on segment is anticipated to dominate the global market during the forecast period. It provides easy operations and enhances productivity.
Key players operating in the global market for Label Applicators include ProMach, Inc., Herma GmbH, Quadrel Labeling Systems, Label-Aire, Inc., In-Line Labeling Equipment, Inc., ALTech UK labeling Technologies Ltd., Universal Labeling Systems, Inc., CVC Technologies Inc., Weber Packaging Solutions, Inc., CTM Labeling Systems, JDA Progress Industries Ltd., RJ Packaging Corporation, Novexx Solutions GmbH, Videojet Technologies, Inc., Hunkar Technologies, Inc., Harland Machine Systems Ltd., Auto Labe, and Accent Packaging Equipment among others.
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