Label Printer Market is anticipated to increase at a high CAGR of 4.2% 2022 – 2032

Between 2022 and 2032, the label printer market is projected to grow at a CAGR of 4.2%. According to estimates, the market share for label printers will be worth US$ 42 billion overall in 2021 and US$ 66 billion by 2032. Barcode labels and tags can be printed directly on objects using label printers. It is used to create product tags and identifiers, which is acknowledged as the primary driver of label printer sales in the market.

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Who are the Key Players in the Label Printer Market

Some of the players operating in the label printer market are

  • Zebra Technology,
  • Toshiba TEC Corporation,
  • Shandong New Beiyang Information Technology Co., Ltd,
  • Honeywell International Inc.,
  • TSC Auto ID Technology Co., Ltd,
  • Citizen Systems Europe,
  • Epson India Pvt Ltd,
  • Brady Worldwide, Inc.,
  • DASCOM Americas SBI LLC
  • , GoDEX,

cab Produkttechnik GmbH & Co KG, Postek Electronics Co., Ltd., Wasp Barcode Technologies, and many more.

Many local and unorganized players are expected to contribute to the demand for label printer in the coming years owing to the expansion of e-commerce platforms for selling merchandise.

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Major Developments in Label Printer Market

  • Epson released its major product named ‘Just in Time’ label printing solution in the past years with its other colour labelling printers that features MicroPeizo inkjet technology. This strengthened the company presence in the global label printer market since then.

What are the most promising trends for the label printer market in the foreseeable future?
Over the projected period, more products being labelled in organised retail is anticipated to boost label printer sales. Additionally, wristbands and tags that aid in patient tracking and identification, surgical procedure labels, and specimen labels are printed on labels using label printers in the healthcare industry. Label printers are projected to be in high demand in this industry due to the increasing need to manage large patient populations in hospitals and medical facilities.

Furthermore, the need for label printers that can be moved easily is anticipated to rise as a result of the mobile market’s workforce engaging in on-the-ground transactions.

Inkjet printers are predicted to become the most profitable segment among the others in terms of technology type. By the end of 2032, the inkjet printer sector is anticipated to dominate the label printer market.

The category is anticipated to pick up substantial steam in the near future, since these printers are more readily available and can be customized in a variety of ways to meet manufacturer requirements.

Label Printer Market: Dynamics 

Due to increased use in organized retail for labeling is expected to drive the label printers market over the forecast period. Label printers are used in healthcare for wristbands and tags that help to patient tracking and identification, surgical procedure and specimen labels. 

Increased demand for wristbands label in healthcare is anticipated to impact the market growth favorably. Furthermore, the workforce of mobile sales carrying out on-field transactions has expected to increase the demand for mobile label printers. Increased in the adoption of RFID which offers many advantages over barcode which is expected to pose a challenge to the industry growth. 

The label printers market is anticipated to a moderate market and high end products mainly from the United States and Western Europe. For growth and development companies used to make a strategy for merger and acquisition. 

Nowadays, the government has been using label printers for various purposes such as tracking, evidence, ID card printing, managing records administrations, surveillance, safety and e-citation. This will be expected to fuel the global market of label printers market over the forecast period.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends