Label Converting Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Label Converting Equipment Industry Overview

Thelabel converting equipment market is fragmented in nature as the market isis highly competitive and consists of several major players. Many companies are increasing their market presence by introducing new products or by entering into strategic partnerships or acquisitions. Key players are Spartanics Ltd.,ASHE Converting Equipment, etc. Recent developments in the market are -

• August 2019 - French label-converting company SMAG Graphique expanded its label equipment portfolio to include RFID-based systems that provide inlay insertion, encoding, and control. The company brought approximately 165 potential RFID technology users to its headquarters in Paris, France, so they could view how the technology is being used and the benefits it provides to retailers and other companies that require automated access to digital data via a product's label.
• October 2019 - ProMach acquired Canada-based Jet Label & Packaging, a manufacturer of labeling and coding solutions.With the addition of Jet, ProMach continueditslabel converting expansion that began over a decade ago with the vision of providing itsNorth American customers with a labeling and coding partner that could servetheir needsincluding labels, machinery, sales, service, and support.