Sales of Automatic Labeling Equipment Set for Healthy Growth through 2029
Automatic labeling equipment is garnering significant traction over semi-automatic and manual systems.
Predominantly pushed by brisk expansion in the packaged food sector, labeling equipment sales will thrive at a healthy CAGR over the course of next decade, according to a report from Future Market Insights. The approximately $3 billion market for labeling equipment will continue to receive a strong impetus from regulatory bodies’ guidelines on the Consumer Protection Act (United Nations, 1985) that has drafted global standards to be followed by companies across the globe. International manufacturers in the labeling equipment market are looking to collaborate with regional manufacturers, especially in developing and emerging economies of the world, as regulatory bodies in these regions have made it mandatory to label all packaging items to combat counterfeiting at the global level.
Automatic labeling equipment is garnering significant traction over semi-automatic and manual systems. Growing investments in sophisticated management information systems (MIS) and rapid automation in warehouse management and shipping have compelled manufacturers to leverage new technologies.