Leading market players are extensively investing in research and development in order to extend their product lines, which will help the Labelling Equipment Market grow even more. Market participants are also engaging in a number of strategic initiatives to grow their worldwide footprint, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations. To expand and survive in a more competitive and expanding market climate, the labelling equipment industry must provide cost-effective products.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the labeling equipment industry to benefit clients and increase the market sector. In recent years, the labeling equipment industry has offered some of the most significant advantages to medicine. Major players in the Labeling Equipment Market, including Krones AG (Germany), FUJI Seal International Inc. (Japan). World Pack Automation Systems Private Limited (India), Langguth (Germany), Quadrel Labeling Systems (US) and others, are attempting to increase market demand by investing in research and development operations.
Cosmo Films (formerly Cosmo First Limited) is a multinational Indian firm that produces bi-axially oriented polypropylene films (BOPP) for packaging, labelling, laminating, and industrial uses. The company is based in New Delhi, India. It has production plants in India and South Korea. In India, the company is traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Mr. Ashok Jaipuria established Cosmo Films Limited in October 1976 and established the first production unit in Aurangabad, Maharashtra in 1981. Cosmo Films purchased a 76.51% stake in Gujarat Propack Limited in 2001.
In July 2021, Cosmo Films Ltd. announced the release of a BOPP-based direct thermal printed top-coated film with patented coatings for thermal application applications.
Bobst is a Swiss firm that provides packaging machines and services. Machines for the production of packaging and its derivatives (such as labels, bags, and adhesive strips) from solid board, corrugated board, or flexible materials (plastic films, etc.) are examples of products. The organization's headquarters are in Mex, near Lausanne, Switzerland. The company was founded to provide commercial printers in Lausanne. In 1917, the brand 'Bobst' was registered, and in 1918, a limited company called J. Bobst & Fils SA was formed. In June 2022, BOBST Group has announced the launch of the first BOBST Connect subscription package.
This user-friendly platform connects converters and brand owners to an automated and digital workflow, giving them complete access to and control over the manufacturing process. BOBST Connect helps customers make the most of the data generated by their equipment by providing insights and various solutions to improve productivity, quality, and efficiency.