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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.
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.