Future Market Insights (FMI) conveys key experiences on the worldwide label applicators market in its distributed report, named “Worldwide Label Applicators Market: Industry Analysis and Opportunity Assessment, 2022–2028”.
The worldwide deals of label applicators are expected to develop at 5.1% y-o-y in 2021 with deals of in excess of 233 Thousand units. While FMI actually assesses the label applicators market to develop fundamentally, Due to critical development kept in end use businesses for high velocity labeling arrangements across the globe.
As per FMI, Asia-Pacific records for 34% of deals of label applicators in 2022 and is expected to represent 39% of deals in 2028.
Worldwide label applicators market structures around 4–5% of the worldwide bundling apparatus market worth ~US$ 58 billion out of 2021.
Label Applicator Market: Segmentation & Analysis
The global market for label applicators is further segmented as per product type, process type, speed, application, and end use.
On the basis of product type, global market for label applicators is segmented into integrated automated, stand — alone, and semi — automated label applicators. On the basis of process type, the global label applicators market is segmented into wipe — on, air blow, and tamp blow.
On the basis of speed, the global label applicators market is segmented into 100 ipm — 500 ipm, 500 ipm-1000 ipm, 1000 ipm-1500 ipm, 1500 ipm — 2000 ipm, and 2000 ipm & above. On the basis of application, the label applicators market is segmented into bottles, vials, pouches, boxes & carton, trays, and others. Further, based on the end use, the global label applicators market is segmented into chemicals, personal care & cosmetics, food & beverages, pharmaceuticals, electrical & electronics, logistics & warehousing, and others.
The North America label applicators market Include country level analysis for the U.S. and Canada. The U.S label applicators market is expected to grow at a CAGR of 3.8% over the forecast period wherein stand-alone label applicators enjoy dominant share, by product type.
The Latin America label applicators market include country level analysis for Brazil, Mexico, Argentina and Rest of Latin America. The Brazil label applicators market is expected to expand at a CAGR of 4.5% during the forecast period. The Western Europe label applicators market include country level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic and Rest of Europe. Germany and Italy account for a significant market share in the Western Europe label applicators market.
The Eastern Europe label applicators market include country level analysis for Russia, Poland and Rest of Eastern Europe. The Russia label applicators market is expected to expand at a CAGR of 5.3% during the next decade.
Competitive Landscape
The key players operating in the label applicators market are eyeing expanding their presence by investing in operational facilities along with increasing their output capacity. Also, the players are launching innovative packaging and labelling technologies:-
In November 2021, Gernep Worldwide partnered with Herma GmbH for integrating Herma 500 Rotary in their production line to apply labels at ketchup bottles.
In October 2021, ProMach won the 2021 Technology Excellence Award at Pack Expo for its new rotary roll-fed labeller.
How Covid-19 Impacted Global Label Applicators Market?
Due to the outbreak of covid-19, the provincial government bodies and regulatory authorities enforced strict lockdown, to further curb the spread of the virus among humans. Only manufacturing and supplying of medicinal supplies along with food & beverages was allowed under strict restrictions by governing authorities. People were preferring to use online shopping over visiting physical stores.
Global demand for label applicators witnessed a negative impact in the year 2020, as major end-user industries including chemicals, personal care & cosmetics and many others were forced to temporarily shut down all their operations due to restrictions and disruptions in supply chains. Moreover, in the subsequent year after the pandemic, the market is expected to register burgeoning growth over the forecasted period.
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
Access Full Report: https://www.futuremarketinsights.com/reports/label-applicators-market
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