The global Industrial Marking and Labelling System market size reached USD 4,192.4 million in 2021 and is expected to reach USD 7,169.6 million with a CAGR of 6.1% in 2022-2028. The rapid industrialization and increasing demand for marking and labeling of various products and equipment among various industrial and manufacturing industries are the primary factors accelerating the growth of the global Industrial Marking and Labelling System market during the forecast period. Manufacturers across various industries require labeling and marking on various products and packaging systems to achieve safe and reliable identification on a wide range of parts, cartons, pallets, and shipments. Furthermore, growing need and awareness about printing information such as batch numbers, manufacture date, promotional codes, expiry, safety-related information, use instructions and quality control information has also boosted the demand for Industrial Marking and Labelling systems across the globe.
Marking and labeling are used to convey important information regarding the safe installation or use of a given product or a piece of equipment. Many products, equipment and related technology, must be permanently marked with specific safety-related information, including hazards, warnings, cautionary markings, installation instructions and many other advisories among various industrial and manufacturing industries. These labeling, marking, and coding solutions are also used on a wide range of pharmaceutical, nutraceutical, or medical device products or packaging. Marketing and labeling systems are industrial machines used to provide the information and data of a product’s production (timing and date). Marketing and labeling machines or systems are used to print important information related to the products, machines, and equipment permanently with manufacturing details, barcodes, ingredients, expiry date, and other information, and consists of a wide range of printing technologies, such as Digital printing, Flexography, Lithography, Screen printing, and others.
The rapid growth of the manufacturing and industrial industries, increasing product application in pharmaceutical and food & beverage industries, and surge in demand for them from the automotive sector are the key factors driving the growth of the global Industrial Marking and Labelling System market during the forecast period. The increasing importance and growing awareness about printing information such as batch numbers, manufacture date, promotional codes, expiry, and quality control information, owing to various government stringent regulations and policies, has also boosted the growth of the product market across the globe. Furthermore, various developed and developing countries are witnessing significant growth of industrial and manufacturing industries and rising production capacity due to increasing population and growing product demand.
Labeling and marking increase the product’s visibility and improve brand perception among the general population, increase the versatility of the products and provide the basic information of the product. In addition, growing requirement and use of highly reliable, speedy, and efficient marking and labeling systems, which are capable of working under exposure to high humidity or occasional exposure to water, elevated temperatures, sunlight or chemical agents in different industries, will also be expected to stimulate the growth of the global marking and labeling system market in the coming years.
The increasing product manufacturing and growing applications of Industrial Marking and Labelling systems among various end-user verticals such as automotive, healthcare, aerospace and defense, architecture and construction, energy and power and others is a prominent factor strengthening the global industrial marking and labeling system market growth in the pre-COVID era. Furthermore, the continuous adoption and integration of various advanced technologies and rising digitalization among various industrial and manufacturing industries to enhance the overall production efficiency has also stimulated the growth of the global Industrial Marking and Labelling System market.
The COVID-19 pandemic has significantly hit the overall growth of the industrial marking and labeling system market in 2021 across the globe. The pandemic has severely affected every business segment due to various government norms such as nationwide lockdown and complete shutdown of manufacturing facilities across the globe. Furthermore, the complete shutdown of manufacturing and industrial activities has slowed down the demand for Industrial Marking and Labelling systems. The interruption in the supply chain of raw materials and non-availability of the workforce has halted the operations among manufacturing industries in developing and developed countries which have significantly impacted the growth of the Industrial Marking and Labelling System market. Furthermore, the rapid growth of the pharmaceutical and food and beverage sectors has positively impacted the growth of the global Industrial Marking and Labelling System market.
The rapid technological advancements and growing adoption of digitalization in the marking and labeling process, such as digital print which allows brands and manufacturers to respond quickly to customer demands while improving the supply chain, reducing warehousing cost and waste and enjoying a faster time to market and increasing R&D spending are expected to propel the growth of the global industrial marking and labeling systems market during the forecast period. Furthermore, the rapid growth of various end-user industries, such as oil and gas, automotive, energy and power, and many others, are anticipated to fuel the product market growth during the forecast period.
Based on the Product Type, the global Industrial Marking and Labelling System market is categorized into Inkjet, Contact Labelling, Thermal Transfer, Bar Code Label Printers, Label Dispensers and Rewinders, Label Printer Applicators, Automatic Label Applicators, and Others. The Inkjet segment is expected to have the largest share in the global Industrial Marking and Labelling System market in 2021, owing to the several benefits of the technology, including high-speed printing and the ability to print characters on virtually any material. In addition, inkjet technology allows marking and labeling systems to run for long hours, with minimum servicing requirements, thus making their operations cost-effective. Furthermore, the bar code segment is expected to witness significant growth in the global marking and labeling market during the forecast period.
Based on the Printing Technology, the global Industrial Marking and Labelling System market is segregated into Digital printing, Flexography, Lithography, Screen printing, and others (gravure, letterpress, and offset)). The Digital printing segment is expected to have a significant market share during the forecast period. This growth is attributable to the growing adoption of digitalization among various end-user industries in developed and developing countries across the globe. Digital print technology allows brands and manufacturers to respond quickly to customer demands while improving the supply chain, reducing warehousing cost and waste and enjoying a faster time to market. Retailer-specific packages, micromarketing efforts, sustainability and traceability concerns are also improved via the adoption of digital printing. Digital print technology used in a targeted fashion for consistent, long-term, project-based work can reduce costs associated with transportation, warehousing and obsolescence. During the forecast period, these are the factors driving the segment growth in the global marking and labeling market.
Based on the End-User Industry, the global Industrial Marking and Labelling System market is segregated into Oil & Gas, Food & Beverages, Energy & Power, IT &Telecommunication, Agricultural, Aerospace & Defense, Electronics & Consumer Goods, Plastic & Chemicals, Automotive, Healthcare, Pharmaceutical, Industrial/Manufacturing, and Others. The Industrial/Manufacturing segment is expected to hold the highest share in the global Industrial Marking and Labelling System market during the forecast period. This growth is attributable to the demand for them from the automotive sector, owing to the increasing sales of electric vehicles. Furthermore, the Energy & Power segment is expected to witness significant growth in the global marking and labeling market during the forecast period. Most electrical products and equipment must be marked with specific safety-related information and meet the permanency of marking requirements. These markings can include electrical ratings, use instructions, warnings regarding potential safety hazards, and cautionary markings.
The Industrial Marking and Labelling System market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia-Pacific segment is expected to dominate the Industrial Marking and Labelling System Market and continue this growth rate during the forecast period, 2022-2028. The emerging countries of the Asia Pacific region, such as India and China, are the major contributors to the Industrial Marking and Labelling System Market’s growth due to the increasing number of industrial and manufacturing industries, the rapid expansion of automotive sectors, and continuous development in energy and power development projects in the region. Furthermore, the North American region has been the second leading market for Industrial Marking and Labelling Systems, followed by Europe and expected a significant growth during the forecast period. The high technology adoption in the industrial and manufacturing industries, the rapid expansion of oil and gas industries, increasing product application in pharmaceutical and food and beverage sectors, and the increasing presence of leading players offering innovative and technologically advanced marking and labeling systems in the region.
Companies include UL LLC, ID Technology, LLC, Weber Marking Systems GmbH, Phoenix Contact, Diagraph Corporation, Barbaric GmbH, Hitachi Ltd., Videojet Technologies, Matthews International Corporation, Danaher Corporation, and other prominent players are the key players in the Industrial Marking and Labelling System market.
Key Stakeholders
| Report Attribute | Details |
|---|---|
| Revenue in 2021 | USD 4,192.4 Million |
| The revenue forecast in 2028 | USD 7,169.6 Million |
| Growth Rate | CAGR of 6.1% from 2022 to 2028. |
| Historical data | 2017 – 2020 |
| Base Year | 2021 |
| Forecast period | 2022 – 2028 |
| Region covered | America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | UL LLC, ID Technology, LLC, Weber Marking Systems GmbH, Phoenix Contact, Diagraph Corporation, Barbaric GmbH, Hitachi Ltd., Videojet Technologies, Matthews International Corporation, Danaher Corporation, and Other prominent players |
By Type
By Product Type
By Printing Technology
By End-User Industry
By Region
Marketing and labeling machines or systems are used to print important information related to the products, machines, and equipment permanently with manufacturing details, barcodes, ingredients, expiry date, and other information, and consists of a wide range of printing technologies, such as Digital printing, Flexography, Lithography, Screen printing, and others.
The global Industrial Marking and Labelling System market size is USD 4,192.4 Million in 2021 and is expected to reach USD 7,169.6 Million with a CAGR of 6.1% during the forecast period 2022-2028.
The rapid industrialization and increasing demand for marking and labeling of various products and equipment among various industrial and manufacturing industries are the primary factors accelerating the growth of the global Industrial Marking and Labelling System market during the forecast period.
The Asia Pacific region is expected to dominate the Industrial Marking and Labelling System market, followed by North America due to the rapid urbanization and industrialization and increasing adoption of technologically advanced products in the region.
Companies include UL LLC, ID Technology, LLC, Weber Marking Systems GmbH, Phoenix Contact, Diagraph Corporation, Barbaric GmbH, Hitachi Ltd., Videojet Technologies, Matthews International Corporation, Danaher Corporation, and other prominent players are the key players in the Industrial Marking and Labelling System market.
In Feb 2022, Weber Marking Systems has developed a product range of fully electric label printers and dispensers to meet the requirements of companies, ensuring safety for operators, precision and reliability. The Legi-Air 4050B generation is the perfect representation of all the advantages of the electric compared to the classic pneumatic versions.
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