Pune, Aug. 27, 2020 (GLOBE NEWSWIRE) -- The global automatic labelling machine market size is projected to reach USD 2.38 billion by 2027, exhibiting a CAGR of 3.7% during the forecast period. Emergence of eco-labels in the wake of heightened environmental awareness will create several opportunities in the market, observes Fortune Business Insights™ in its report, titled “Automatic Labelling Machine Market Size, Share & COVID-19 Impact Analysis, By Type (Self Adhesive/Pressure Sensitive, Shrink Sleeves and Glue Based), By Configuration (Stand Alone and Integrated), By Industry (Food & Beverage, Healthcare & Pharmaceuticals, Consumer Goods and Others) and Regional Forecast, 2020-2027”. Eco-labels, or green labeling, are used by manufacturers to show that their products have been made in an environment-friendly manner and can also be disposed of sustainably. In North America, for instance, it is mandatory for producers of vehicles and home appliances to provide the necessary labels on their products showing how energy efficient they are. Similarly, manufacturers of electrical appliances in Europe have to clearly provide the energy-efficiency rating of their products. Automatic labelling machines allow accomplishment of these labelling tasks in a high-speed and time-bound manner and their demand is surging as a result of rapid rise in online retail activities.
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According to the report, the value of this market stood at USD 1.79 billion in 2019. The other highlights of the report include:
- In-depth analysis of the various factors, trends, and restraints shaping the market;
- Microscopic study of all market segments and evaluation of their individual performance;
- Comprehensive examination of the regional dynamics impacting the market; and
- Detailed profiling and assessment of the key players and their top strategies.
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Market Driver
Increasing Availability of Novel Label Adhesives to Propel Growth
The automatic labelling machine market growth is expected to gain momentum on account of rising availability of high-quality, novel labeling adhesive solutions in the marketplace. For example, freezer adhesives are commonly utilized in the food & beverages industry as these materials can tolerate extremely cold temperatures, making them ideal for application of frozen foods and drinks. Moreover, once the temperature increases, these labels can be easily removed without damage to the packaging material. Another popular label solution frequently opted by producers is the peelable or removable adhesive. This adhesive allows the label to stick to the surface for long time periods without coming off. However, it can be removed easily as required and the adhesive does not damage the surface in any way. Manufacturers of automatic labelling machines are increasingly adopting these novel adhesive technologies to enhance the value of the products and achieve sustainability in processes as well.
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Regional Insights
Asia Pacific to Exhibit Strong Growth Backed by Promising Progress of the Packaging Industry
The market size in Asia Pacific stood at USD 787.5 million in 2019, and the region is expected to lead the automatic labelling machine market share during the forecast period. The primary factor attributable to the region’s commanding position in the market is the speedy progress made by the packaging industry, especially in India, China, and Thailand in the past few decades.
In Europe, the market is anticipated to be mainly driven by the aggressive automation of industrial processes and the escalating demand for fresh packaged food. On the other hand, the market in North America is expected to grow with considerable momentum owing to increasing adoption of wet glue-based labeling solutions in the food & beverage industry.
Competitive Landscape
Competitors to Concentrate on Innovation to Gain Market Edge
Key players in this market are singularly focused on designing, developing, and introducing innovative labeling solutions for different industries. Some players are also capitalizing on the current pandemic situation by creating labeling products for the medical devices and pharmaceuticals industries.
Industry Developments:
- August 2020: ProMach Pharma’s Weiler Labeling Systems launched the VR-72 Labeler for packaging applications of COVID-19 vaccines. The product features a continuous motion pressure-sensitive system with a modular design and can apply wrap-around labels to various cylindrical products at high speeds.
- August 2019: Herma AG released the inNo-Liner system, touted to be the first eco-friendly adhesive technology meeting the requirements of distribution centers. The system satisfies the cycle speeds needed at logistics and distribution centers, and provides uniform adhesion.
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Detailed Table of Content
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19 on Automatic Labelling Machine Market
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Market Share Analysis and Matrix, 2019
- Key Market Insights and Analysis, By Segments
- Global Automatic Labelling Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- By Type (Value)
- Self-Adhesive/Pressure Sensitive
- Shrink Sleeves
- Glue Based
- By Configuration (Value)
- Stand Alone
- Integrated
- By Industry (Value)
- Food & Beverage
- Healthcare & Pharmaceuticals
- Consumer Goods
- Other (Automotive, etc.)
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Type (Value)
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