Global Label Printing Machines Market: Overview
According to a new market report pertaining to the global label printing machines market published, the global label printing machines market is projected to reach a value of US$ 7.8 Bn by 2027, expanding at a CAGR of ~5% from 2019 to 2027. Growth of the label printing machines market can be attributed to high demand from manufacturing, retail, transportation & logistics, and packaging industries. Asia Pacific is anticipated to lead the global label printing machines market, followed by North America, during the forecast period.
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Identity Protection for Products Accelerating Label Printing Machines Market Growth
Identity protection for products is a big challenge for manufacturers these days. Manufacturers are constantly struggling to give their products unique identification to make them look different from the products of competitors. Unique identification is not only required for easy differentiation by consumers, it is also a significant anti-counterfeiting measure for products. Labels have made it easier to detect fakes, as it is difficult to counterfeit a label with stringent security features. Fake labels can easily be identified by consumers, and they refrain from purchasing products with such labels. The label printing machines market is growing due to the rise in demand for such labels. Every manufacturer is trying to introduce a new printer that can print labels with more security and identification features.
Stock Management & Shipment Tracking Driving Use of Label Printing Machines
Labels are the best option to depict the unique identification number or tracker on an item, which are used as a tracking agent. Labels are required to input a unique sequence and number to identify the product. Manufacturers or stockiests can put an identification number in the form of a numeric, alpha-numeric, or pattern/code. Not just the printing machine, but the storage area can be assigned with unique codes to divide it into sub-areas for better storage planning.
For better segregation, stock & inventory management can be broadly divided into two categories – location labeling and item labeling. Location labeling consists of labeling as per rows, sections, zones, and shelf numbers, whereas, item labeling is required to identify a particular item. Stock management & shipment tracking is easier now, which results in more industries opting for labeling. As the demand for labels are increasing, label printing machines also experience increased demand.
Regulatory Compliance Driving Growth of Label Printing Machines Landscape
An evolving regulatory landscape is propelling the label printing machines industry. Governments of various countries are imposing regulations for stronger packaging and tracking management. As per new guidelines, industries such as pharmaceuticals and chemicals require diligent monitoring & tracking to avoid mishaps. Laws are intended to make the supply chain safer.
Label Printing Machines Market: Regional Outlook
In terms of region, the global label printing machines market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is expected to lead the global label printing machines market, accounting for a substantial share in 2019, with Japan and China being the major markets in the region. The Asia Pacific label printing machines market is expected to rise at a high CAGR of ~6%, by volume, during the forecast period.
The label printing machines market in the Middle East & Africa is expected to expand moderately during the forecast period. The report provides in-depth segment analysis of the global label printing machines market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries that hold growth opportunities or account for significant share has also been included as part of the geographic analysis of the label printing machines market.
Label Printing Machines Market: Competition Dynamics
The research study includes the profiles of leading companies operating in the global label printing machines market. The players operating in the global label printing machines market and profiled in the report include Seiko Epson Corporation, Zebra Technologies Corporation, Brother Industries, Ltd, SATO Holdings Corporation, Honeywell International, Inc., Brady Corporation, Toshiba Tec Corporation, Shandong New Beiyang Information Technology Co., Ltd. (SNBC), Citizen Group, TSC Auto ID Technology Co., Ltd., cab Produkttechnik GmbH & Co KG, and GoDEX International Co., Ltd.
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Global Label Printing Machines Market: Segmentation
Label Printing Machines Market by Print Mechanism
– Thermal
– Non-thermal
– – Inkjet
– – Laser
– – Impact
Label Printing Machines Market by Color Support
– Multicolour
– Monochrome
Label Printing Machines Market by Industry
– Manufacturing
– – Pharmaceuticals
– – Food & Beverages
– – Cosmetics
– – FMCG
– Packaging
– Transportation & Logistics
– Retail
– Others (Research, Postal Services, Construction)
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