Barcode Label Printer Market Research Report - Global Forecast till 2027

Barcode Label Printer Market Research Report: By Product Type (Industrial Printer, Desktop Printer, Portable Printer), Technology (Direct Thermal, Thermal Transfer, Ink Jet, Laser Printing, Dot Matrix), Resolution (300dpi, Between 301 To 600 dpi, Above 600 dpi), End User (Manufacturing, Transportation & Logistics, Retail, Healthcare, Government) and Region (Europe, Asia-Pacific, North America, Middle East & Africa, South America - Forecast till 2027

ID: MRFR/SEM/8089-CR | April 2020 | Region: Global | 193 Pages         

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Barcode Label Printer Market

Barcode Label Printer Market is register a CAGR of 5.31%, witnessing substantial growth during the forecast period

Segmentation
By Product Type Industrial Printer Desktop Printer Portable Printer
By Technology Direct Thermal Thermal Transfer Ink Jet Laser Printing Dot Matrix
Key Players
Companies Profiled   Avery Dennison Corporation (US)    Dascom Holdings Ltd (China)    OKI Electric Industry Co. Ltd (Japan)    Printronix Auto Id Inc. (US)    TSC Auto Id Technology Co. Ltd (Taiwan)    Apogee Industries Inc. (US)    Sato Holdings Corporation (Japan)    Honeywell International Inc. (US)    Zebra Technologies Corporation (US)    Toshiba Tec Corporation (Japan)    Canon Inc. ( Japan)    Fujitsu Ltd (Japan)
Drivers
Market Driving Forces   Increasing use of mobile printers    Increased demand for packaged goods.
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Barcode Label Printer Market Size and Overview


Globally, the size of barcode label printer market is set to grow at a CAGR of 5.31% from a value of USD 2,482.6 Million in 2018 to hit USD 3,517.8 Million by 2025 driven by increasing demand for packaged goods.


A barcode label printer is designed to print labels with barcodes or QR codes that are affixed on the outer packaging of the product. The barcode label stores and reads an international article number (EAN), a uniform product code (UPC), and codes used in mailing, accounting, and any other purpose when scanned by a barcode scanner. These printers either use direct thermal or thermal transfer printing technologies to print labels. The direct thermal barcode labels are made from chemically treated materials that become unreadable when exposed to heat, sunlight, and other chemicals. Thermal transfer printing technology makes the use of a thermal print-head to provide better print quality. These printers are also used to print logos, graphics, color text, and other variations on a wide variety of print materials.


Europe accounted for the largest market value of USD 799.6 Million in 2018; the market is expected to register a CAGR of 5.35% during the forecast period.


Based on product type, the barcode label printer market research has been classified as Industrial Printer, Desktop Printer, Portable Printer. The Industrial segment accounted for the largest market share in 2018, with a market value of USD 1,142.8 million during the forecast period. The industrial printers segment held the largest share. The industrial printers designed to withstand adverse industrial conditions. These printers are capable of high-volume label printing and have wider media widths as compared to other printer sizes, which helps it to navigate the rapidly evolving business landscape. The Desktop printers are highly intuitive and flexible with USB, parallel, and serial connectivity interfaces, which is used for applications varying from economic low-volume needs such as wristband printing to rugged, industry-grade printing requirements. The Portable printers are widely used for shelf edge labeling, markdown labeling, mobile point of sale receipts generation, pick and pack labeling, and cross-docking.


Increasing demand for accuracy and minimizing human errors has increased the demand for barcode label printers in the manufacturing industry globally. There has been a considerable increase in the demand for barcode printers. Increasing use of mobile printers and increased demand for packaged goods are the driving factors for the global barcode label printer market. However, increasing use of mobile printers and increased demand for packaged goods and shipments are expected to challenge the market growth during the forecast period. Further, the adoption of electronic shelf labels is likely to act as an opportunity for the development of smart label printers.



  • October 2021- A world-leading barcode fonts and barcode software supplier, ConnectCode, has announced the latest version of Barcode & Label, a modern and new generation barcode label software for Windows 11. The software is intended afresh for Windows 11 to print labels adhering stringently to industry specifications on modern devices. The offerings provided by the latest software include:

  • Designed for Windows 11

  • Elegant Simplicity

  • Low Ownership Cost (Pay-as-you-use)

  • Strict Adherence to Specifications


Covid-19 Analysis


January 2022- Epson has disclosed a new addition to its ColorWorks on-demand color label printer portfolio, the ColorWorks C4000. The compact ColorWorks C4000 provides extended compatibility and connectivity, increased ink capacity, remote management tools, and better image quality. The latest model has been designed for markets needing high-resolution image quality, easy connectivity, and durable color labels like pharmaceutical, healthcare, retail, and food & beverage. The product manager of Commercial Label Printers, Epson America, Inc., Bonny Rindahl, explained that the ColorWorks C4000 gets a full suite of features and tools into an easy-to-use, compact label printer. The latest model is an active solution for various labeling applications, from product or packaging labels to barcode and shipping labels. He added that it is developed to incorporate effortlessly into a range of workflows and produce high-quality, sturdy labels at a competitive price to current thermal transfer printers. The ColorWorks C4000 corresponds with the gamut of effective middleware programs and Linux, Mac, Windows, SAP, and ZPL II, enabling smooth incorporation with virtually any existing workflow. Bonus, it has possible Wi-Fi connectivity. To guarantee scannable barcodes, meet branding requirements, and label legible text, the ColorWorks C4000 offers barcodes, photo-quality, and crisp images, up to 1200 dpi resolution with variable droplet sizes. Its durable, high-quality labels meet BS-5609 certification.Regional Analysis


Global Barcode Label Printer Market, by region, has been segmented into Europe, Asia-Pacific, North America, Middle East & Africa, and South America. Europe accounted for the largest market share of 32.21% in 2018, with a market value of USD 799.6 million; it is expected to register a CAGR of 5.35% during the forecast period. Asia-Pacific was the second-largest market in 2018, valued at USD 727.2 million; it is projected to register the highest CAGR of 6.90%.



  • October 2022- The part of Dover and a global provider of end-to-end supply chain solutions and industrial marking and coding systems, Markem-Imaje, has disclosed the launch of its MiVista™ connected printer services developed to regulate and enhance daily coding operations across the printer fleet. Utilizing a tested and proven Internet of Things (IoT) platform, the services offer manufacturers constant insight and support.


Companies Covered


The Key Players of the Global Barcode Label Printer Market are Avery Dennison Corporation (US), Dascom Holdings Ltd (China), OKI Electric Industry Co., Ltd (Japan), Printronix Auto Id Inc. (US), TSC Auto Id Technology Co., Ltd (Taiwan), Apogee Industries Inc. (US), Sato Holdings Corporation (Japan), Honeywell International Inc. (US), Zebra Technologies Corporation (US), Toshiba Tec Corporation (Japan), Canon Inc. ( Japan), and Fujitsu Ltd (Japan) among others.


Key Developments  



  • In January 2020, Sato launched CL4NX Plus, a thermal industrial printer, which was developed due to increasing demand from various verticals such as automotive, retail, and manufacturing.



  • In December 2019, Printek LLC launched a new portable thermal printer, MLP-35. These printers were developed for field professionals due to their portability and lightweight.



  • In January 2019, TSC acquired Diversified Labeling Solutions, Inc., a labeling solutions provider in the US. This acquisition will strengthen the market position of TSC in North America.



  • In March 2018, Zebra Technologies launched a new family of healthcare-focused direct thermal and thermal transfer desktop printers—ZD420-HC and ZD620-HC.



  • In December 2017, TSC made a strategic alliance agreement with Datalogic, an automatic data capture and process automation company. This company will use TSC's MH240 series printers for auditing labels after printing to ensure high print quality and barcode readability.


Segmentation



  • By Product Type: Industrial Printer, Desktop Printer, Portable Printer

  • By Technology: Direct Thermal, Thermal Transfer, Ink Jet, Laser Printing, Dot Matrix

  • By Resolution: 300dpi, Between 301 To 600 dpi, Above 600 dpi

  • By Region: Europe, Asia-Pacific, North America, Middle East & Africa, South America



  • December 2021- IMPACT by Honeywell has launched a 4-inch Desktop Printer solution for Small & Medium-sized Businesses at Eros Hotel, Nehru Place, Delhi. The company happily announced the latest printer under its "Make in India" initiative. The new product launch is a 4-inch desktop barcode printer for light-duty label printing needs. The company aims to offer a hassle-free label printing experience to the mass mid-segment of customers.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 3,517.8 Million
  CAGR   5.31% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, Technology, Resolution, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Avery Dennison Corporation (US), Dascom Holdings Ltd (China), OKI Electric Industry Co., Ltd (Japan), Printronix Auto Id Inc. (US), TSC Auto Id Technology Co., Ltd (Taiwan), Apogee Industries Inc. (US), Sato Holdings Corporation (Japan), Honeywell International Inc. (US), Zebra Technologies Corporation (US), Toshiba Tec Corporation (Japan), Canon Inc. ( Japan), and Fujitsu Ltd (Japan)
  Key Market Opportunities

  • The adoption of electronic shelf labels.
  • Favorable government policies and the increasing preference of consumers.
  •   Key Market Drivers

  • Increasing use of mobile printers.
  • Increased demand for packaged goods.


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    Frequently Asked Questions (FAQ) :

    The global barcode label printer market is set to grow at a CAGR of 5.31%, estimated to reach USD 3,517.8 Million by 2025.

    Avery Dennison Corporation, Dascom Holdings Ltd, OKI Electric Industry Co., Ltd, and Printronix Auto Id Inc. are the companies actively investing in the market’s share.

    Europe has gained the most of the market’s share and expects to register a CAGR of 5.35% in the future.