Automation in packaging machines enable the end user industry to work at a fast rate and needs minimal movement of parts. The labeling equipment is receiving high significance in packaging industry throughout different regions, as it provides authentication and safety of product, the scope of labelling equipment is rising.
MARKET SCOPE
The "Global Top Labelling Equipment Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the top labelling equipment market with detailed market segmentation by product, labelling equipment, industry, and geography. The report provides key statistics on the market status of the leading top labelling equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global top labelling equipment market is segmented into top labeling equipment, bottom labeling machine, top and bottom labelling equipment, wrap labeling equipment, front and back labeling equipment, and full body sleeve labeling equipment.
- On the basis of labelling equipment, the market is segmented into adhesive based labeling and non-adhesive based labeling.
- Based on industry, the market is segmented into industry automotive, electricals and electronics, food and beverages, healthcare, and others.
MARKET DYNAMICS
Drivers:
- Factors such as penetration of automation to increase the process of product labelling and merchandizing packaging to improve packaging process are driving the growth of the top labelling equipment market.
- Government initiatives to promote the use of advanced technologies are some of the driving factors which are anticipated to provide growth opportunities to the players operating in the top labelling equipment market.
Restraints:
- High cost of these equipments may hinder the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The top labelling equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the top labelling equipment market in these regions.
IMPACT OF COVID-19 ON TOP LABELLING EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the top labelling equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from top labelling equipment market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the top labelling equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Avery Dennison Corp.
- Accutek Packaging Equipment Company, Inc
- FUJI Seal International Inc
- ID Technology, LLC
- Krones AG
- LANGGUTH
- Label-Aire, Inc.
- Nita Labeling Equipment
- P.E. LABELLERS S.p.A.
- Quadrel Labeling Systems