Labeling Machines Market Size Worth $9.2 Billion by 2025 | CAGR 7.0%: Grand View Research, Inc.
SAN FRANCISCO, Sept. 11, 2019 /PRNewswire/ -- The global labeling machines market size is projected to be valued at USD 9.2 billion by 2025, exhibiting a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Ascending demand for automation from several end-use industries coupled with the presence of regulations pertaining to product labeling, serialization, and tracking is likely to have a positive impact on the market growth.
Key suggestions from the report:
Read 150 page research report with TOC on "Labeling Machines Market Size, Share & Trends Analysis Report By Technology (Sleeve Labelers, Pressure Sensitive Labelers, Glue-Based Labelers), By End Use, By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/labeling-machines-market
E-commerce industry is flourishing with the growing population and rising disposable income. The rapid growth of this industry and increasing consumer demand for a wide range of functional food & beverages are likely to propel the demand for labeling machines over the forecast period. Moreover, rising demand from product manufacturers for flexible high-speed labling machines owing to increased production is also likely to contribute to the market growth.
Based on technology, the market for labeling machines has been segmented into pressure sensitive labelers, glue-based labelers, sleeve labelers, and others. Pressure sensitive labelers technology segment dominated the global market in 2018. Pressure sensitive labelers are economical, easy to operate, and are ideal for applications wherein the product may get damaged by heat or water.
Sleeve labelers technology segment is likely to progress at the highest growth rate of 8.5% over the forecast period. Shrink sleeve labelers provide full-body labeling, thereby offering maximum brand visibility and promotion. Growing competition within several end-use industries has prompted product manufacturers to differentiate their products in order to gain a competitive advantage, which is expected to favor the growth of this segment.
Beverages emerged as the largest end-use segment in 2018 while pharmaceuticals is likely to emerge as the fastest-growing segment over the forecast period. Labeling machines are widely utilized in beverage industry for the application of labels on various containers made from different materials such as glass, plastic, and aluminum.
Grand View Research has segmented the global labeling machines market on the basis of technology, end use, and regional:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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