The barcode printer market has witnessed a gradual rise in its market share and adoption across different industries. A surge from 5.6% CAGR in 2021 to a considerable CAGR of 7.4% in 2022 is witnessed.
The global barcode printers market stands at US$ 4.18 Bn as of now and is expected to be worth US$ 8.55 Bn by 2032 at a CAGR of 7.4% between 2022 and 2032.
Barcodes do enable retailers to keep a tab on automation of product re-ordering, inventory, comparison of sales of analogous products of private labels vs national brands, product attribute references like size, color, and likewise. Personalized targeted promotions are based on the purchasing habits of customers. The formats most widely accepted for retail barcodes include EAN-13 (International Article Number) and Universal Product Code (UPC-A). GS1 makes way for unique 12-digit UPC or EAN company identification number to be entered into UPC-A/EAN-12 barcode on product’s label.
Desktop printers, mobile printers, and industrial printers are the three major kinds of products in barcode printers market. They are used by the participants’ sales workforce to print receipts, tickets, labels, that too, irrespective of place and time. Industrial printers are used to cater to high volume applications inclusive of order labeling and warehouse labeling. They are meant for working even in harsh environments. Desktop printers are used to print low/mid-volume labels, barcode wristbands, and receipts.
Out of impact and non-impact printing, impact printing constitutes drum and dot matrix printers, whereas the non-impact printing consists of thermal transfer, direct thermal, inkjet printers, and laser printers. Laser printers are not feasible for industrial applications as high pressure is involved herein.
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At the same time, it needs to be noted that strict printing regulations regarding least impact on environment, along with restricted use of chemicals are likely to hamper the barcode printers market. Future Market Insights has, through its latest market study, entailed these facts with insights.
Key Takeaways from Barcode Printers Market
“Thermal Transfer Technology is penetrating the barcode printers market at a remarkable rate. This factor is bound to take the barcode printers market by storm in the near future”, says an analyst from Future Market Insights.
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Barcode Printers Market Growth , Barcode Printers Market Analysis , Barcode Printers Market Demand
Nov 17, 2022