Packaging and Labelling Machine Market Size, By Machine Type, By Application, By End Use, By Distribution Channel & Forecast, 2024 - 2032
Report ID: GMI11661
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Published Date: October 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 428
Countries covered: 18
Pages: 153
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Packaging and Labelling Machine Market Size
The global packaging and labelling machine market was valued at USD 10.9 billion in 2023 and is estimated to grow at a CAGR of 5.5% during 2024 to 2032. The rapid expansion of e-commerce has increased the need for efficient packaging solutions. Companies are seeking machines that can quickly and securely package products to meet consumer expectations for fast delivery and safe transit.
Modern consumers prefer ready-to-use, easy-to-open packaging. This trend drives demand for innovative packaging solutions, leading manufacturers to invest in advanced packaging and labeling machines that enhance convenience. The food and beverage sector is a major user of packaging and labeling machines, driven by increasing demand for packaged foods, convenience items, and specialty products. This sector's growth significantly impacts the overall demand for packaging solutions. The increasing focus on health and wellness has led to a surge in pharmaceutical products. The need for secure and compliant packaging solutions in this industry drives demand for specialized machines capable of meeting stringent standards.
The cost of advanced packaging and labeling machinery can be prohibitively high, especially for small and medium-sized enterprises (SME). This can limit market entry and expansion for smaller players. Disruptions caused by geopolitical events, pandemics, or natural disasters can lead to delays in machinery production and delivery, affecting businesses that rely on just-in-time inventory systems.
Packaging and Labelling Machine Market Trends
The adoption of automated packaging solutions is rising, reducing labor costs, and increasing efficiency. Automated systems enhance production speed and accuracy while minimizing human error. Growing consumer awareness of environmental issues is pushing companies to adopt sustainable packaging materials, including biodegradable and recyclable options. This trend is influencing machine design to accommodate these materials.
There is an increasing demand for customized packaging options to cater to specific brand identities and consumer preferences. Machines that allow for quick changeovers and personalization features are becoming more popular. The rise of online shopping has led to a surge in demand for packaging that ensures product safety during transit. Machines that can efficiently package items for shipping are increasingly sought after.
Packaging and Labelling Machine Market Analysis
Based on machine type, the OLED segment was worth over USD 6.6 billion in 2023 and is expected to reach USD 10.7 billion by 2032. Increasing demand for packaged food and beverages drives the need for efficient packaging machines. Consumers prefer convenience, which boosts the demand for innovative packaging solutions. Stricter labeling regulations, particularly in the food, beverage, and pharmaceutical industries, drive the demand for reliable labeling machines. Accurate labeling is crucial for compliance and consumer safety.
Based on application, the manufacturing segment accounted for a market share of around 41% in 2023 and is projected to grow by 2032. In manufacturing, the need for increased operational efficiency drives demand for advanced packaging and labeling machines. Automated solutions help streamline processes, reduce labor costs, and improve throughput. Manufacturing sectors, particularly food, pharmaceuticals, and chemicals, face stringent regulations regarding packaging and labeling. This drives the adoption of reliable machines that ensure compliance with safety and labeling standards.
North America packaging and labelling machine market size surpassed USD 2.9 billion in 2023 and is predicted to hit USD 4.7 billion by 2032. The rapid growth of e-commerce has significantly increased the demand for packaging and labeling solutions. Businesses are seeking efficient machines that can securely package products for delivery while enhancing the customer experience.
The U.S. packaging and labelling machine market is set to grow at a 5.9% CAGR through 2032. There is a growing emphasis on sustainability among consumers and businesses alike. Manufacturers are increasingly seeking machines that can oversee biodegradable and recyclable materials to meet consumer demand for eco-friendly packaging.
The German packaging and labelling machine market maintained a considerable position in Europe. Various industries, especially food and pharmaceuticals, face strict regulatory requirements for packaging and labeling. Companies must invest in reliable machinery that ensures compliance with these standards, driving market demand.
China is supposed to grow at the highest rate of 6.6% in the region, as competition intensifies, brands are focusing on packaging aesthetics to stand out. High-quality packaging and labeling machines that enhance product visibility and branding are in high demand.
Packaging and Labelling Machine Market Share
Packaging and labelling machine industry seems to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such ABB, Accurek, Barry-Wehmiller, Bosch, Epson, KHS, Krones, Label view collectively held around 10%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Packaging and Labelling Machine Market Companies
Major players operating in the packaging and labelling machine industry are:
Packaging and Labelling Machine Industry News
This packaging and labelling machine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion)(Thousand Units) from 2021 to 2032, for the following segments:
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Market, By Machine Type
Market, By Application
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: