The Global Labelling Machine Industry generated $ 2.5 Mn revenue in 2022- How will the market further shape in future? Ken Research

The increasing awareness of environmental safety among consumers and the rising adoption of eco-friendly products provide labelers of packing products with immense opportunities.

1. Assessment of impact of covid-19 on the Global Labelling Industry

The labeling machine market was relatively stable during COVID-19, owing to the increasing demand for food and pharmaceutical packaging. The COVID-19 outbreak disrupted the supply chain across various end-user industries such as food and beverage, healthcare, and industrial. The e-commerce retail industry also generated high demand. Strict measures such as lockdowns and social distancing forced buyers and sellers to sell online. Since the onset of the pandemic, private labeling has seen exponential growth. The pandemic caused availability issues for many products, leading many shoppers to switch brands or purchase private-label products as the availability of their usual products was limited. Further, this growth is attributed to the increasing quality and perception of private labels, competitive prices, and the range of products.

2. After-Sales Service Analysis of the Global Labelling Industry.

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Labelling is an important concept that gives finishing to packaging. Machines designed to carry over the classification purpose are of different varieties as they are made to suit the labeling options of other objects. While there are plenty of labeling machines in the market, most buyers stick to labeling machines made by reputable manufacturers. They guarantee excellent after-sales service, which is important since buyers want to buy labeling machines to last a long time. CTM is one of the world's renowned manufacturers of labeling equipment. The company offers aftersales service with state-of-the-art technology and "made in the USA" manufacturing standards.

3. High cost associated with labeling machines and coping with trends

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Labeling machine installation in small-scale businesses is not affordable, as it requires significant investment costs and trained professionals able to operate the machine. Furthermore, the demand for all-in-one solutions in one machine, like packaging, labeling, and other operations, has raised the cost of machines, which can impact the growth of the market. Another challenge facing the domestic packaging industry is rising production costs in various countries. According to a study by Paper Vietnam, Vietnam's packaging printing industry is growing at an annual rate of 10-15%. As the market for packaging printing continues to grow, so too are the global compliance regulations for ink components. As a result, it has become a more complex and challenging market for formulators to select ingredients to meet such a market and is different from the ingredients that could be a design ink.

Major Players Mentioned in the Report

Krones AG
ProMach, Inc.
Sacmi Imola S.C.
Salzgitter AG
Barry-Wehmiller Group, Inc.
Tetra Laval International S.A.
M.A. Industria Macchine Automatiche S.p.A
SIDEL (Tetra Laval Group)
Accutek Packaging Equipment Companies, Inc.

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Labelling Machine Manufacturers
Labelling Machine Investors
Labelling Machine Providers
Labelling Machine Suppliers
Labelling Machine Components Suppliers
Allied Industries of Labelling Machines
Government Ministries and Departments of Engineering Industry
Labelling Machine Research and Development Companies
Potential Entrants into Labelling Machine Industry

Time Period Captured in the Report

Historical Period: 2017-2022
Base Period: 2022
Forecast Period: 2022-2027

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https://www.kenresearch.com/industry-reports/global-labelling-machine-market

Related Report by Ken Research

https://www.kenresearch.com/industry-reports/ksa-inmolds-label-market

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.