May 06, 2021 07:18 ET | Source: Research and Markets Research and Markets

Dublin, May 06, 2021 (GLOBE NEWSWIRE) -- The "Print and Apply Labeling and Labeling Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering. The print and apply labeling and labeling equipment market is expected to reach a CAGR of 4.8% over the forecast period of 2021 to 2026. The role of labels and packaging solutions in product management has changed significantly over the years, as the modern consumer's ability to comprehend better what is inside the product, he/she chooses to purchase, has grown tremendously. While the demand for automatic labeling equipment is growing at a significant pace, leading manufacturers are further trying to innovate their product features with the adoption of next-generation technology trends.

For instance, in November 2019, NOVEXX Solutions introduced it's print & apply system' designed for the application in a wide range of applications due to its compact design and intuitive operation. This system is also equipped with IoT connectivity, a multitude of digital interfaces, and real-time data acquisition capability and featured with a multi-stage, configurable I/O concept. The incorporation of the connected system in the automatic labeling machine is expected to be one of the sustaining trends over the forecast period.

According to Packaging World News, the preference among end-users for RFID (radio frequency identification) labeling solutions is increasing at a healthy pace, accounting for nearly one-fourth revenue share of the global market for labeling equipment. The high cost of automatic labeling machines has been a significant factor that has hampered the growth of the market. The overall cost plays an important factor when labeling is done for smaller batches, due to which it is not economically feasible in such cases.

FDA, in particular, has relaxed the nutrition labeling of products, which is expected to aid in increasing the distribution of packaged foods by restaurant operators leading to the optimum supply chain of products to consumers. Furthermore, food safety testing and processing industries are expected to function at full capacity owing to consumers stock-piling goods during the COVID-19 lockdown.

Key Market Trends Food and Beverages to Hold Major Share

Asia Pacific is Expected to Hold Significant Market Share

Competitive Landscape The market for print and apply labeling and labeling equipment market is highly fragmented with the presence of several small and medium-sized players across geographies. The heightened need for customization leads to the proliferation of smaller players that can cater to the customization needs of a handful of consumers. Some of the recent developments in the market are as follows: -

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Key Topics Covered: 1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Industry Value Chain Analysis 4.3 Industry Attractiveness - Porter's Five Forces Analysis 4.3.1 Bargaining Power of Suppliers 4.3.2 Bargaining Power of Consumers 4.3.3 Threat of New Entrants 4.3.4 Threat of Substitutes 4.3.5 Intensity of Competitive Rivalry 4.4 Market Drivers 4.5 Market Restraints 4.6 Assessment of Impact of Covid-19 on the Industry 5 MARKET SEGMENTATION 5.1 Type 5.1.1 Pressure Sensitive/Self Adhesive Label 5.1.2 Shrink Sleeve Label 5.1.3 Glue Based Label 5.1.4 In-Mold Label 5.2 End-User 5.2.1 Pharmaceutical 5.2.2 Food & Beverages 5.2.3 Personal Care & Household Care 5.2.4 Other End-Users 5.3 Geography 5.3.1 North America 5.3.2 Europe 5.3.3 Asia Pacific 5.3.4 Latin America 5.3.5 Middle East and Africa 6 COMPETITIVE LANDSCAPE 6.1 Company Profiles 6.1.1 Sidel SPA (Tetra Laval) 6.1.2 HERMA GmbH 6.1.3 SACMI (Societa Anonima Cooperativa Meccanici Imola) 6.1.4 Wuxi Sici Auto Co., Ltd. 6.1.5 KHS GmbH 6.1.6 Kunshan Bojin Trading Co., Ltd. 6.1.7 Worldpack Automation Systems 6.1.8 Weber Marking Systems GmbH 6.1.9 Novexx Solutions GmbH 6.1.10 Etiquette Network 6.1.11 Marchesini Group S.p.A. 6.1.12 Heuft SYSTEMTECHNIK GMBH 6.1.13 Quadrel Labeling Systems 6.1.14 Axon LLC 6.1.15 CECLE Machine 6.1.16 PDC International Corporation 7 INVESTMENT ANALYSIS 8 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/3l18dy