Barcode Label Printer Market size to increase over $ 1 Bn between 2021-2025

 

The barcode label printer market size is expected to grow by USD 1.01 billion during 2021-2025. Technavio's latest market research report estimates that the barcode label printer market will be progressing at a CAGR of almost 6% during the forecast period.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Avery Dennison Corp., Barcodes Inc., Brady Corp., Brother International Corp., cab Produkttechnik GmbH & Co. KG, Citizen Systems Japan Co. Ltd., GAINSCHA TECHNOLOGY GROUP Co., Honeywell International Inc., Postek Electronics Co. Ltd., and Printronix are some of the major market participants. Factors such as premiumization through product innovation, growing e-commerce industry, and increasing adoption of 2D barcodes will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.