Integrated Labelling System Market: Overview, Data Updates, Reports Analysis & Forecast | FMI
The Integrated Labeling System Market is poised for significant growth, with a projected CAGR of 3.5% during the forecast period. In 2022, it was valued at US$1.98 billion, and it’s anticipated to reach an impressive US$2.8 billion by 2032. Several key factors are driving this growth and shaping the market’s promising prospects.
The increasing demand for nutritious food, growing purchasing power parity between countries, and heightened consumer awareness regarding packaged food products are all contributing to the rising sales of integrated labeling systems. Additionally, there is a notable shift in consumer perceptions toward packaged goods, further propelling demand for integrated labeling systems.
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An essential driver for the market is the need for anti-tampering protection, ensuring that products reach consumers securely and intact. This factor underscores the importance of integrated labeling systems in the modern packaging landscape.
Moreover, the integration of labeling machines with automated in-line inspection applications is a significant trend boosting the demand for integrated labeling systems. These systems offer substantial productivity gains, making them increasingly popular in the labelers industry.
In summary, the Integrated Labeling System Market is on an upward trajectory, driven by evolving consumer preferences and the essential role it plays in product protection and packaging efficiency.
Key Points:
- Integrated Labeling System Market projects a 3.5% CAGR from 2022 to 2032.
- Anticipated market value to reach US$2.8 billion by 2032.
- Growing demand for nutritious food and increased consumer awareness drive market growth.
- Anti-tampering protection and secure product delivery contribute to demand.
- Integration with automated inspection applications enhances productivity in the labelers industry.
Key Takeaways and Projections
- The U.S. is expected to lead the North America Integrated Labeling System market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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How is the Competitive Landscape in the Integrated Labeling System Market
Labeling System, LLC, Quadrel Labeling Systems, In-Line Labeling Equipment, Inc., Harland Machine Systems Ltd., Label-Aire, Inc., Weiler Labeling Systems, LLC, CTM Labeling Systems, Inc., MPI Label Systems, Inc., Newman Labelling Systems Ltd., and CVC Technologies Inc. are some of the companies operating in the integrated labeling system market. The integrated labeling system market is projected to be dominated by local and unorganised players.
Recent Developments
- Herma announced a robot-assisted pallet labelling system in March 2019 to improve the print and apply process by allowing for more flexibility in pallet labelling.
- Krones AG purchased W. M. Sprinkman LLC in October 2018 to expand the capabilities of the ‘House of Krones’ product line to include bottling and packaging equipment as well as plastics recycling.