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Packaging and Labelling Machine Market Size

Report ID: GMI11661
Published Date: Oct 2024
Report Format: PDF

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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.

packaging and labelling machine market

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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.

Packaging and Labelling Machine Market Report Attributes
Report Attribute	Details
Base Year:	2023
Packaging and Labelling Machine Market Size in 2023:	USD 10.9 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	5.5%
2024 – 2032 Value Projection:	USD 17.6 billion
Historical Data for:	2021-2023
No. of Pages:	153
Tables, Charts & Figures:	428
Segments covered:	Machine type, application, end use, distribution channel, region
Growth Drivers:	Growing e-commerce Growing food and beverage industry Growing pharmaceutical industry Technological advancements
Pitfalls & Challenges:	High initial investment costs Supply chain disruptions

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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.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

In 2023, the global packaging and labeling machine market was valued at USD 10.9 billion and is estimated witness more than 5.5% CAGR from 2024 to 2032, driven largely by the surging demand for efficient packaging solutions, a direct consequence of the booming e-commerce sector.

The OLED segment was valued at over USD 6.6 billion in 2023 and is set to cross USD 10.7 billion by 2032, propelled by the rising appetite for packaged food and beverages.

The manufacturing sector dominated about 41% of the market share in 2023. This demand is fueled by the sector's relentless pursuit of enhanced operational efficiency through advanced packaging and labeling machines.

North America's packaging and labeling machine market was valued at over USD 2.9 billion in 2023, is on track to reach USD 4.7 billion by 2032, due to the e-commerce surge and its consequent demand for packaging and labeling solutions.

Major players in packaging and labeling machine industry include ABB, Accurek , Barry-Wehmiller, Bosch, Epson, KHS, Krones, Labelview, Marel, Markem-Imaje, Sacmi Imola, Salzgitter, Sidel, Videojet, Wipotec-OCS.