Report ID: SQMIG20K2004
Report ID:
SQMIG20K2004 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
119 |
Figures:
77
Barcode Printer Market size was valued at USD 4.35 Billion in 2023 and is poised to grow from USD 4.9 Billion in 2024 to USD 12.63 Billion by 2032, growing at a CAGR of 12.58% during the forecast period (2025-2032).
The global barcode printer market is experiencing significant growth globally. Our report contains detailed information on the value chain analysis for the barcode printer market, which manufacturers can use to gain a competitive edge during the projected period. The increased demand for industrial printers across numerous industrial sectors is expected to fuel development. The increased use of barcode printers to streamline logistical operations is driving the expansion. While barcode printers provide an efficient way to monitor products as they move through the supply chain, they also aid in the storage of IoT numbers and serial numbers to handle information as the product moves through different channels, thereby encouraging the adoption of barcode printers. The retail sector is the primary application for direct thermal technology, which generates pictures using heat on a heat-sensitive substrate. Because of these properties, direct thermal technology is a good solution for transit product identification and tracking labels, such as parcel distribution and outside case and pallet markings.
The increased use of automated identification and data capture technologies for increasing productivity, as well as growing concerns about product safety and anti-counterfeiting, is driving the thermal printer industry. The expanding use of thermal printing technology in the newest on-demand printing applications broadens the applicability of thermal barcode printers.
US Barcode Printer Market is poised to grow at sustainable CAGR for the next forecast year.
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Report ID: SQMIG20K2004