The Label Printer Market Was Valued At US$ 4,715.4 Million In 2019 And Is Expected To Grow At A CAGR Of 6.3% During The Forecast Period 2020-2027 And Reach US$ 7,494.4 Million By 2027.
The rise in digitalization is one of the significant factors supporting the innovative customer-centric business framework. Nowadays, creativity plays an essential role to gather customers’ attention; thus, digital label printing infrastructure offers market players considerably broad opportunities. The factors such as increasing application of automatic identification and data capture (AIDC) technology for enhanced productivity, growing concerns related to product safety and anti-counterfeiting, and rising use of thermal printing technology for printing applications are positively impacting the label printer market.
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The fast-moving consumer goods (FMCG) industry is growing at an exponential rate pertaining to the continuous emergence of new players in the market and the increasing customer base of long-established players. Developed and developing countries are experiencing a significant surge in the demand for FMCG products; thus, the number of small and medium-sized enterprises (SMEs) is increasing in the FMCG market. The rising number of FMCG product manufacturers across the world generates substantial demand for labeling technologies, which, in turn, bolsters the growth of the label printer market.
The demand for FMCG products is constantly rising among individuals, and pertaining to this, several players have emerged in the industry over the past few years. Both large enterprises and SMEs in the FMCG sector maintain significantly large warehouses and inventories to store the final products. With an objective to maintain the serial numbers, manufacturers use various types of labels, which ultimately, increases the demand for label printers and this factor drives the growth of the label printer market.
Growing Awareness in Developing Countries
The demand for label printers is constantly growing among several industries in developing countries. The emerging countries in APAC, SAM, and MEA are experiencing a rise in the number of manufacturers across various industries, including FMCG, pharmaceutical products, automotive components, and electronics. Manufacturers in these industries authenticate their products by labeling them using barcodes or other technologies. The majority of the manufacturers in developing countries use traditional or conventional label printers. However, the increasing awareness about the benefits of digital label printers boosts the adoption rate of these printers, which, in turn, drives the growth of the label printer market, and the trend is anticipated to propel in the coming years.
The List of Companies – Label Printer Market
- Toshiba Tec Corporation
- Honeywell International Inc.
- Postek Electronics Co., Ltd.
- Wasp Barcode Technologies
- VIPColor Technologies Pte Ltd.
- GoDEX International Co., Ltd.
- Zebra Technologies Corp.
- TSC Auto ID Technology Co., Ltd
- Sato Holdings Corporation
- Seiko Epson Corporation
The study will include the overall analysis of the Label Printer Market and is segmented by –
Label Printer Market – By Type
Label Printer Market – By Technology
- Thermal Transfer
- Direct Thermal
Label Printer Market – By End-User Industry
- Transportation & Logistics
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The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at the global and regional level in our final reports.
This research provides detailed information regarding the major factors influencing the growth of the Label Printer Market at the Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths, and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
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