Increasing demand from supermarkets and hypermarkets, rising adoption of automated labelling solutions, expanding improvements in the feature sets of price labelling machines, growing used of barcodes for product identification, and growing demand for product traceability are some of the market's key growth drivers. The global market for price labelling machines is anticipated to grow over the projected period as a result of expanding usage of automated labelling solutions and rising demand for labelling machines from supermarkets and hypermarkets.
Increasing demand from supermarkets and hypermarkets, rising adoption of automated labelling solutions, growing improvements in price labelling machines' feature sets, rising use of barcodes for product identification, and rising demand for product traceability are the main factors driving the global market for price labelling machines. Additionally, it is anticipated that increased awareness among retail establishments of the validity and dependability of these machines will fuel market growth. The market is also expanding as a result of other reasons like rising customer demand for customer satisfaction, rising need for correct labelling information, and rising desire for product traceability.
For manufacturers, wholesalers, and retailers, price labelling devices have many benefits. These include precise labelling with minimal human involvement, speedy and effective label printing, a sharp drop in labour costs, improved product monitoring and traceability, and increased consumer satisfaction as a result of accurate information being provided about the goods they have purchased. Additionally, these devices contain a number of features like automatic barcode scanning, programmable label widths and fonts, multilingual support, app compatibility, and the ability to link to other devices. All of these advantages are projected to furtherfuel the market throughout the forecast period.
Machines that automatically or manually affix price labels to items are known as price labelling machines. They are used to label things with price tags in supermarkets, hypermarkets, retail establishments, and warehouses. Retailers can rapidly and precisely print labels with the necessary details, such as the item name, description, barcode number, and pricing information, thanks to these devices. The labels can then be manually applied or applied using a manual application machine on the products. Depending on the needs of the customer, price labelling machines are available in both automatic and manual versions.
The global Price Labelling Machines market was worth USD 320.6 million in 2021, and it is expected to be worth USD 410.7 million by the end of 2027, at a CAGR of 3.6% from 2021 to 2027.
The increase in demand from supermarkets and hypermarkets, the rising adoption of automated labelling solutions, the expanding feature sets of price labelling machines, the expanding use of barcodes for product identification, and the expanding demand for product traceability are all factors contributing to the growth.
The high price of these gadgets is one more important factor that can restrict the growtrhof the Global market . Over the course of the projection period, it is also anticipated that a lack of technical know-how and challenges with maintaining this equipment will constrain the market. The industry is anticipated to expand in the upcoming years, nonetheless, as a result of rising demand from supermarkets and retail outlets. it is also predicted that increasing consumer knowledge of these devices' efficiency will propel the market expansion.
Avery Dennison Corporation, Nikka Labels Private Limited, Primera Technology Inc., SATO Holdings Corporation, Toshiba Tec Corporation, Zebra Technologies Europe Ltd., CAB A S Business Group, Euro-Label GmbH & Co. KG, Labelex Ltd., and LSK Labeling Solutions GmbH are a few of the major companies active in the global price labelling machines market. To increase their market presence, these important companies are always concentrating on new product launches, alliances, and collaborations.
The Automatic Type segment forms the major portion of the market
The Automatic Type category is anticipated to hold the largest market shareduring the anticipated time frame. This can be due to rising automated labelling technology developments as well as rising demand for automated and time-saving solutions in supermarkets and hypermarkets. Barcode reading, changeable label widths and typefaces, automated product sorting, and automatic printing and application are all features of automatic labelling machines. The machines can instantly scan an item's name, description, barcode, and price thanks to these features. Over the projection period, this is also likely to fuel the segment's growth.
Asia Pacific to dominate the market
Asia Pacific is predicted to be the largest geographic market over the projected period. This can be linked to an increase in retail outlets in the area, rising awareness of automated labelling solutions, rising demand from the food and beverage industry, and the presence of several major businesses in the area. During the projection period, the regional market is also anticipated to be driven by developing economies like China and India.
Additionally, due to rising demand from supermarkets and hypermarkets, expanding technological improvements in price labelling machines, and rising use of automated labelling solutions in this region, North America is anticipated to be the second-largest regional market. The European market is anticipated to grow quickly during the projection period as well.
Covid-19 Impact & Market Status
The market for price labelling equipment has been greatly impacted by the Covid-19 outbreak. This is owing to the temporary closure of retail businesses, supermarkets, and other establishments as a result of lockdowns that have been implemented in numerous nations throughout the world. Travel limitations were another obstacle to this market's expansion. However, the market is anticipated to rebound soon due to governmental rules becoming more flexible and the deployment of numerous safety standards. Rising investments from top companies in this sector are also anticipated to propel the market throughout the projected time frame.
Latest Innovations in the Global Price Labelling Market: A Snapshot
The Avery Dennison Corporation recently unveiled the RFID Powerslide and RFID Punch, two automated labelling devices that let businesses add item-level tagging to their current inventory.
Price Labelling Machines Market Scope
|Revenue forecast in 2027
|USD 410.7 million
|CAGR of 3.6% during 2021-2027
|Type, Application, By End User, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Avery Dennison Corporation, Nikka Labels Private Limited, Primera Technology Inc., SATO Holdings Corporation, Toshiba Tec Corporation, Zebra Technologies Europe Ltd., CAB A S Business Group, Euro-Label GmbH & Co. KG, Labelex Ltd., and LSK Labeling Solutions GmbH
Key Segment on Price Labelling Machine Market
By Type Overview (USD million)
- Manual Type
- Automatic Type
By Application Overview (USD million)
- Food Processing
- Food Production
By End-User Overview (USD million)
- Retail and Wholesale
- Food Services and Commercial
By Region Overview (USD million)
- North America
- Rest of Asia Pacific
- Rest of North America
- Rest of Europe
Middle East and Africa