Label Converting Equipment Market
PUBLISHED: 2023 ID: SMRC23028
SHARE
SHARE

Label Converting Equipment Market

Label Converting Equipment Market Forecasts to 2028 - Global Analysis By Type (Manual, Semi-automatic, Automatic and Other types), Application (Food and Beverages, Household Cleaning Products, Electronics, Cosmetics, Pharmacy and Healthcare and Other Applications) and By Geography

5.0 (57 reviews)
5.0 (57 reviews)
Published: 2023 ID: SMRC23028

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2020-2028

Estimated Year Value (2022)

US $41.63 BN

Projected Year Value (2028)

US $59.06 BN

CAGR (2022 - 2028)

6.0%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Label Converting Equipment Market is accounted for $41.63 billion in 2022 and is expected to reach $59.06 billion by 2028 growing at a CAGR of 6.0% during the forecast period. Label conversion is primarily a technologically driven industry that uses traditional letterpress or flexographic printing. With all orders coming in shorter and shorter runs with shorter lead times, the demand from brand owners for label enhancements is growing to almost infinite proportions. While traditional flexo and offset presses with servo drives will still dominate the installed base of label presses for many years to come, it is clear that digital printing, especially inkjet printing, will overtake them as the market leader in the long run as quality and performance continue to advance. Alongside standalone digital presses, hybrid conventional and inkjet presses will undoubtedly experience growth in the market. Everything will keep becoming more automated, which reflects a market trend for the foreseeable future.

According to Big Presence, a digital marketing and sales solutions firm, says that 82% of investors want the companies they invest in to have a strong brand.



Market Dynamics:

Driver:

Market growth is fueled by increasing machine automation

The industry is moving toward higher levels of automation across the machinery as a result of the expanding demands for label conversion as well as more flexibility and customization. Automation has quickly impacted the equipment industry as well, reducing labor costs associated with plate handling and plate room operations as well as removing critical points where plate damage could occur as a result of repeated handling in label converting equipment. Additionally, the incorporation of more recent technologies, like UV LED technology, is swiftly expanding in popularity in the equipment world.

Restraint:

Expensive label conversion machinery

The printing plates are the most crucial and expensive component of reprographics because most of this equipment is connected to flexographic printing for conversion, which is necessary to reach the final print stage. High operational costs are also associated with the use of machines. These concern things like the price of the electricity needed to run the machines as well as routine maintenance.

Opportunity:

Growth of premium labels and customization

More customization and promotion are in high demand, which means smaller runs, tighter budgets, and eventually a complete transformation of the digital workflow. 82% of investors, according to Big Presence, a provider of digital marketing and sales solutions, want the businesses they invest in to have a strong brand. Small and large brands alike are promoting so-called "targeted campaigns," in which the labels alone can improve the apparent quality of a product, ultimately raising the brand's image. To give the labels a more "premium" appearance, various print effects like hot foil stamping, cold foil stamping, and gravure printing are used, as well as tactile or haptic effects produced by methods like spot varnishing. Some of these improvements are even computer-based. This significantly increases the need for label-converting machinery.

Threat:

Die-related issues that affect the quality of label conversion

The global Label Converting Equipment market expected to hamper growth during the forecast period. Dull cutting heads are the root of the die issue. The protective silicone layer that prevents the label from adhering to the liner may be cut through if the die strike is increased in force to make up for the loss. The label is subsequently attached to the liner by the adhesive, preventing a tidy release. Additionally, the adhesive or face material may not be appropriate for the end user's application, for example, where cold-temperature adhesive is required. Finally, a lack of release agent on the liner can make it challenging or impossible to remove labels.

Covid-19 Impact:

The market for labeling equipment was negatively impacted by COVID-19. The major end-user industries' subpar performance, including those in the food and beverage, cosmetics, and chemicals sectors, caused a sharp decline in the demand for labeling equipment on a global scale. Furthermore, restrictions put in place to stop the spread of viruses disrupted the supply chain, affecting both manufacturers and customers. However, the market experienced a brief respite due to an increase in demand from the pharmaceutical and healthcare sectors as well as from the e-commerce industries during that time. Due to the post-COVID period's sharp increase in industrial activity, the market is anticipated to recover quickly.

The household cleaning products segment is expected to be the largest during the forecast period

The application segment for home care products contributed significantly to revenue. This is due to consumers around the world spending more money on high-end cleaning products that are free of dangerous chemicals as a result of growing environmental concerns and rising disposable income levels. Over the forecast period, these elements are likely to increase product demand.

The Manual Labels segment is expected to have the highest CAGR during the forecast period

The Manual Labels segment is anticipated to witness the fastest CAGR growth during the forecast period. Manual labels are those that are manually applied to containers or packages. Both retail and industrial uses are possible for them. The global packaging industry's expansion is increasing the market's growth factor, which in turn is boosting demand for manual labels. The booming e-commerce industry has led to a rise in demand for automated label applicators, which have given businesses a competitive edge over rivals by giving them flexibility.

Region with highest share:

Asia-Pacific dominated the world market. In terms of revenue share, it is anticipated to hold that position throughout the forecast period. The expansion can be attributed to an increase in label printer demand from a variety of end-use industries, including, among others, the food and beverage, pharmaceutical, electronics, and cosmetics sectors. One of the main factors influencing regional growth is the increasing penetration of automated production lines and rising consumer awareness of product information on labels.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. The demand for packaging in the food, cosmetic, and household industries, as well as the demand for high-speed and high-quality labeling solutions, are driving market growth in the Asia region. This is due to the growing consumer awareness of packaging. With a population of over 646 million and a label consumption growth rate of about 7%, Southeast Asia is one of the fastest-growing markets in the world. Additionally, a number of international titans have set up shop in the Asian region, effectively assisting in market expansion.



Key players in the market

Some of the key players in Label Converting Equipment market include ABG International, Advanced Converting Equipment Ltd, ASHE Converting Equipment, BOBST, Daco Solutions, General Motors, JandJ Converting Machinery, LabelandNarrow Web, Labelexpo Europe, Labels and Labeling, Lemorau, Smag Graphique, Sohn Manufacturing Inc., Spartanics and Universal Converting Equipment

Key Developments:

In October 2019, ProMach acquired Canada-based Jet Label & Packaging, a manufacturer of labeling and coding solutions. With the addition of Jet, ProMach continued its label converting expansion that began over a decade ago with the vision of providing its North American customers with a labeling and coding partner that could serve their needs including labels, machinery, sales, service, and support.

In August 2019, French label-converting company SMAG Graphique expanded its label equipment portfolio to include RFID-based systems that provide inlay insertion, encoding, and control. The company brought approximately 165 potential RFID technology users to its headquarters in Paris, France, so they could view how the technology is being used and the benefits it provides to retailers and other companies that require automated access to digital data via a product's label.

In May 2019, SATO launched its new sales branch in Johor, Malaysia. The company increased their business by penetration of their products in untapped markets.

Types Covered:
• Manual
• Semi-automatic
• Automatic
• Other types

Application Covered:
• Food and Beverages
• Household Cleaning Products
• Electronics
• Cosmetics
• Pharmacy and Healthcare
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Label Converting Equipment Market, By Type
5.1 Introduction
5.2 Manual
5.3 Semi-automatic
5.4 Automatic
5.5 Other types

6 Global Label Converting Equipment Market, By Application
6.1 Introduction
6.2 Food and Beverages
6.3 Household Cleaning Products
6.4 Electronics
6.5 Cosmetics
6.6 Pharmacy and Healthcare
6.7 Other Applications

7 Global Label Converting Equipment Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies

9 Company Profiling
9.1 ABG International
9.2 Advanced Converting Equipment Ltd
9.3 ASHE Converting Equipment
9.4 BOBST
9.5 Daco Solutions
9.6 General Motors
9.7 JandJ Converting Machinery
9.8 LabelandNarrow Web
9.9 Labelexpo Europe
9.10 Labels and Labeling
9.11 Lemorau
9.12 Smag Graphique
9.13 Sohn Manufacturing Inc.
9.14 Spartanics
9.15 Universal Converting Equipment

List of Tables
1 Global Label Converting Equipment Market Outlook, By Region (2020-2028) ($MN)
2 Global Label Converting Equipment Market Outlook, By Type (2020-2028) ($MN)
3 Global Label Converting Equipment Market Outlook, By Manual (2020-2028) ($MN)
4 Global Label Converting Equipment Market Outlook, By Semi-automatic (2020-2028) ($MN)
5 Global Label Converting Equipment Market Outlook, By Automatic (2020-2028) ($MN)
6 Global Label Converting Equipment Market Outlook, By Other types (2020-2028) ($MN)
7 Global Label Converting Equipment Market Outlook, By Application (2020-2028) ($MN)
8 Global Label Converting Equipment Market Outlook, By Food and Beverages (2020-2028) ($MN)
9 Global Label Converting Equipment Market Outlook, By Household Cleaning Products (2020-2028) ($MN)
10 Global Label Converting Equipment Market Outlook, By Electronics (2020-2028) ($MN)
11 Global Label Converting Equipment Market Outlook, By Cosmetics (2020-2028) ($MN)
12 Global Label Converting Equipment Market Outlook, By Pharmacy and Healthcare (2020-2028) ($MN)
13 Global Label Converting Equipment Market Outlook, By Other Applications (2020-2028) ($MN)
14 North America Label Converting Equipment Market Outlook, By Country (2020-2028) ($MN)
15 North America Label Converting Equipment Market Outlook, By Type (2020-2028) ($MN)
16 North America Label Converting Equipment Market Outlook, By Manual (2020-2028) ($MN)
17 North America Label Converting Equipment Market Outlook, By Semi-automatic (2020-2028) ($MN)
18 North America Label Converting Equipment Market Outlook, By Automatic (2020-2028) ($MN)
19 North America Label Converting Equipment Market Outlook, By Other types (2020-2028) ($MN)
20 North America Label Converting Equipment Market Outlook, By Application (2020-2028) ($MN)
21 North America Label Converting Equipment Market Outlook, By Food and Beverages (2020-2028) ($MN)
22 North America Label Converting Equipment Market Outlook, By Household Cleaning Products (2020-2028) ($MN)
23 North America Label Converting Equipment Market Outlook, By Electronics (2020-2028) ($MN)
24 North America Label Converting Equipment Market Outlook, By Cosmetics (2020-2028) ($MN)
25 North America Label Converting Equipment Market Outlook, By Pharmacy and Healthcare (2020-2028) ($MN)
26 North America Label Converting Equipment Market Outlook, By Other Applications (2020-2028) ($MN)
27 Europe Label Converting Equipment Market Outlook, By Country (2020-2028) ($MN)
28 Europe Label Converting Equipment Market Outlook, By Type (2020-2028) ($MN)
29 Europe Label Converting Equipment Market Outlook, By Manual (2020-2028) ($MN)
30 Europe Label Converting Equipment Market Outlook, By Semi-automatic (2020-2028) ($MN)
31 Europe Label Converting Equipment Market Outlook, By Automatic (2020-2028) ($MN)
32 Europe Label Converting Equipment Market Outlook, By Other types (2020-2028) ($MN)
33 Europe Label Converting Equipment Market Outlook, By Application (2020-2028) ($MN)
34 Europe Label Converting Equipment Market Outlook, By Food and Beverages (2020-2028) ($MN)
35 Europe Label Converting Equipment Market Outlook, By Household Cleaning Products (2020-2028) ($MN)
36 Europe Label Converting Equipment Market Outlook, By Electronics (2020-2028) ($MN)
37 Europe Label Converting Equipment Market Outlook, By Cosmetics (2020-2028) ($MN)
38 Europe Label Converting Equipment Market Outlook, By Pharmacy and Healthcare (2020-2028) ($MN)
39 Europe Label Converting Equipment Market Outlook, By Other Applications (2020-2028) ($MN)
40 Asia Pacific Label Converting Equipment Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Label Converting Equipment Market Outlook, By Type (2020-2028) ($MN)
42 Asia Pacific Label Converting Equipment Market Outlook, By Manual (2020-2028) ($MN)
43 Asia Pacific Label Converting Equipment Market Outlook, By Semi-automatic (2020-2028) ($MN)
44 Asia Pacific Label Converting Equipment Market Outlook, By Automatic (2020-2028) ($MN)
45 Asia Pacific Label Converting Equipment Market Outlook, By Other types (2020-2028) ($MN)
46 Asia Pacific Label Converting Equipment Market Outlook, By Application (2020-2028) ($MN)
47 Asia Pacific Label Converting Equipment Market Outlook, By Food and Beverages (2020-2028) ($MN)
48 Asia Pacific Label Converting Equipment Market Outlook, By Household Cleaning Products (2020-2028) ($MN)
49 Asia Pacific Label Converting Equipment Market Outlook, By Electronics (2020-2028) ($MN)
50 Asia Pacific Label Converting Equipment Market Outlook, By Cosmetics (2020-2028) ($MN)
51 Asia Pacific Label Converting Equipment Market Outlook, By Pharmacy and Healthcare (2020-2028) ($MN)
52 Asia Pacific Label Converting Equipment Market Outlook, By Other Applications (2020-2028) ($MN)
53 South America Label Converting Equipment Market Outlook, By Country (2020-2028) ($MN)
54 South America Label Converting Equipment Market Outlook, By Type (2020-2028) ($MN)
55 South America Label Converting Equipment Market Outlook, By Manual (2020-2028) ($MN)
56 South America Label Converting Equipment Market Outlook, By Semi-automatic (2020-2028) ($MN)
57 South America Label Converting Equipment Market Outlook, By Automatic (2020-2028) ($MN)
58 South America Label Converting Equipment Market Outlook, By Other types (2020-2028) ($MN)
59 South America Label Converting Equipment Market Outlook, By Application (2020-2028) ($MN)
60 South America Label Converting Equipment Market Outlook, By Food and Beverages (2020-2028) ($MN)
61 South America Label Converting Equipment Market Outlook, By Household Cleaning Products (2020-2028) ($MN)
62 South America Label Converting Equipment Market Outlook, By Electronics (2020-2028) ($MN)
63 South America Label Converting Equipment Market Outlook, By Cosmetics (2020-2028) ($MN)
64 South America Label Converting Equipment Market Outlook, By Pharmacy and Healthcare (2020-2028) ($MN)
65 South America Label Converting Equipment Market Outlook, By Other Applications (2020-2028) ($MN)
66 Middle East & Africa Label Converting Equipment Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Label Converting Equipment Market Outlook, By Type (2020-2028) ($MN)
68 Middle East & Africa Label Converting Equipment Market Outlook, By Manual (2020-2028) ($MN)
69 Middle East & Africa Label Converting Equipment Market Outlook, By Semi-automatic (2020-2028) ($MN)
70 Middle East & Africa Label Converting Equipment Market Outlook, By Automatic (2020-2028) ($MN)
71 Middle East & Africa Label Converting Equipment Market Outlook, By Other types (2020-2028) ($MN)
72 Middle East & Africa Label Converting Equipment Market Outlook, By Application (2020-2028) ($MN)
73 Middle East & Africa Label Converting Equipment Market Outlook, By Food and Beverages (2020-2028) ($MN)
74 Middle East & Africa Label Converting Equipment Market Outlook, By Household Cleaning Products (2020-2028) ($MN)
75 Middle East & Africa Label Converting Equipment Market Outlook, By Electronics (2020-2028) ($MN)
76 Middle East & Africa Label Converting Equipment Market Outlook, By Cosmetics (2020-2028) ($MN)
77 Middle East & Africa Label Converting Equipment Market Outlook, By Pharmacy and Healthcare (2020-2028) ($MN)
78 Middle East & Africa Label Converting Equipment Market Outlook, By Other Applications (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials