Key Revenue Pockets - Automatic Labeling Machine Market
The automatic labeling machine market is expected to be worth USD 2.5 billion in 2019. It is expected to grow USD 2.9 billion by 2025, at a CAGR of 3.6% from 2019 to 2024. The factors that are driving the growth of the market include the growing demand for automation in the food industry.
Automatic labeling machine market is becoming increasingly important due to automated packaging solutions in different industries such as food & beverages, pharmaceuticals, personal care, consumer products, and logistics, among others. The growing demand for packaging machinery, automated labeling solutions, and high speed & high-quality labeling solutions in tandem with the increasing consumer awareness regarding packaging as well as the demand for packaging in the food industry is driving the need for automatic labeling machines.
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The automatic labeling machine market for the pharmaceuticals industry is expected to grow at the highest CAGR from 2019 to 2024. The increasing pressure from the regulatory bodies and rising awareness among customers for correct labeling of machines are the key factors that are likely to propel the growth in the pharmaceutical industry for the automatic labeling machines. Increasing demand for pharmaceuticals owing to the rising incidences of various ailments among diverse age groups coupled with growing initiatives by government bodies to provide basic healthcare facility for all of its population is expected to drive the demand for automatic labeling machine market subsequently.
The market for shrink-sleeve labeler is expected to grow at the highest CAGR from 2019 to 2024. The shrink-sleeve labelers are booming in the market since it gives 360 degrees of marketing, creating brand awareness and is an eco-friendly labeling technique. It is an emerging labeling solution which is majorly in demand in the beverage industry mostly. The growing sales of beverages are expected to drive the global automatic labeling machine market sales over the projected period.
The automatic labeling machine market in APAC is expected to grow at the highest CAGR from 2019 to 2024. Asia Pacific is the emerging market in the world of automatic labeling. The dense population and the growing per capita income of this region along with large-scale industrialization and urbanization are the factors driving the growth of the automatic labeling machine market.
Related Reports:
Automatic Labeling Machine Market by Type (Self-Adhesive/Pressure-Sensitive Labelers, Shrink Sleeve Labelers and Glue-Based Labelers), Industry (Food & Beverages, Pharmaceuticals, Consumer Products, Personal Care), Geography - Global Forecast to 2024
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