PUBLISHER: Allied Market Research | PRODUCT CODE: 1365788
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365788
According to a new report published by Allied Market Research, titled, "Barcode Printers Market," The barcode printers market was valued at $3758.6 million in 2022, and is estimated to reach $13510.6 million by 2032, growing at a CAGR of 13.7% from 2023 to 2032.
Barcode printer is the device that is used to print labels and tags on objects. These printers operate at faster rates as compared to traditional printers and enhance the label durability by providing cost-effectivity, reliability, excessive durability, and sharp print quality. Barcode printer is majorly used in the commercial, retail, manufacturing, and other industries.
Barcodes have significantly simplified the process of identifying and using various commodities and supplies for customers such as efficient checkout process, supply chain visibility, and others. It has become the industry standard for storing and identifying product information. A barcode label applied to a product can hold information such as the product's production date, date delivered to the retailer, product count, selling price, and others. This, in turn, helps businesses in keeping track of their items and inventory. Barcodes are used on all items offered by major shops worldwide, including Walmart, IKEA, Costco, and Carrefour. In addition, rising environmental awareness is expected to drive the development of more eco-friendly industrial barcode printers. Manufacturers may focus on energy-efficient designs, recyclable materials, and sustainable printing practices. All these factors are projected to drive the market growth during the forecast period.
Barcode printers create barcodes by heating labels with numerous small heat sources on a printhead. The ribbon of a printer is filled with resin, and the temperature differential between the printer and the ribbon causes the resin to transfer onto the tag.. The ribbon's heating and cooling is not uniform. This might result in inconsistent label printing with trailing edges of text, pictures, or outlines. On a label, there needs to be enough contrast between black lines and white gaps for the scanner to identify it. When the temperature is set up to high, the barcode blurs and the labels create thick bar marks. Streaky bar lines on white regions are anticipated to impede barcode scanner demand. Similarly, low heating causes bar lines to fade, Leading to poor barcode readability and potential scanning errors. This limitation hinders the effectiveness of barcode printing, especially in high-demand applications where accurate and reliable barcode scanning is crucial for efficient inventory management and supply chain operations.
Wireless barcode printers link to many devices using modern technologies such as Cloud, Bluetooth, Wi-Fi, Near Field Communication (NFC), and Air Print. The barcode printers operate on wireless networks using the most recent security standards to provide increased performance and connection. The Wi-Fi modules are designed to integrate and control barcode printers on a network using normal network administration tools. With NFC-enabled devices, the barcode printers facilitate Bluetooth pairing and open web-based sites. Wireless printers reduce the cost of enterprise-level managed device ecosystems through reducing the requirement for on-premises servers. Wireless printers that use thermal technology can be connected to any device to make high-quality labels. Wireless printers are low-cost alternatives that may be used in conjunction with a mPOS system that has a long battery life. All these factors are anticipated to create excellent opportunities for market growth during the forecast period.
The COVID-19 pandemic has had a significant impact on the global barcode printers industry, affecting various aspects of manufacturing, supply chains, and consumer behavior. Due to the pandemic's breakout, some organizations faced challenges such as additional safety regulations, unexpected production volumes, and reduced operational staff. These companies use barcodes printers to keep vital items in production and to help the supply chain. Therefore, some manufacturers reorganized their labeling operations in order to avoid human intervention. Benefits linked with barcode technology, such as scalability, precision, automation, efficiency, and security, among others, encouraged these manufacturers to adopt barcode printers. During the COVID-19 pandemic, major players in the pharmaceutical and healthcare industries used barcode printers in particular to ensure that the efficiency of the manufacture of specific medications and pharmaceuticals is not compromised.
The key players profiled in this report include: AVERY DENNISON CORPORATION, Canon Inc., Dascom, Honeywell International Inc., Oki Electric Industry Co., Ltd., Printronix, SATO Holdings Corporation, Zebra Technologies Corp, Toshiba Tec Corporation, and Stallion Systems & Solutions Pvt. Ltd. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
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