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
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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
For More Insights On Market Intelligence, Refer To The Link Below: –
Global Labelling Machine Market
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