Barcode Label Printer Market size is set to grow by USD 1.59 billion from 2024-2028

The global barcode label printer market size is estimated to grow by USD 1.59 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.78%  during the forecast period. Increasing adoption of two-dimensional (2D) barcodes is driving market growth, with a trend towards recent developments in barcode label printer.

The global barcode label printer market is experiencing a significant increase in new product launches, which is motivating consumers to explore and purchase a diverse range of barcode label printers based on their specific needs. This trend is intensifying competition in the market, leading manufacturers to innovate and differentiate their offerings. In January 2023, Citizen Systems America introduced the CL-H300SV, the latest addition to its desktop barcode printer lineup. TSC Auto ID Technology launched the Alpha-30R 3-Inch Performance Mobile Barcode Label Printer in June 2022, offering two models with varying features and media support. SATO Group unveiled the PV4 mobile barcode label printer in January 2021, catering to high-volume e-commerce operations with its best-in-class media capacity and versatile interface options. These product launches are expected to fuel the expansion of the global barcode label printer market in the coming years.

The Barcode Label Printer market is witnessing significant trends, with mobile printers gaining popularity in various industry verticals. Packaged goods companies are automating production lines to streamline processes and reduce wastage. Output efficiency is key, with advancements in barcode technology, including Matrix, 2D codes like QR, and QR barcode readers on camera phones. Barcode printers come in various forms, from industrial to specialty models, printing on labels, receipts, and even directly onto physical objects. EANs and UPCs remain standard, while Radio Frequency Identification (RFID) and robotics are modern technologies driving innovation. Key sectors include packaged food, assembly lines, and production, aiming for quick response times. Technologies like Direct Thermal, Thermal Transfer, Ink Jet, Laser Printing, and Dot Matrix cater to different needs. A well-developed infrastructure supports this industry, with a strong development base in the Ecommerce industry. Metal ribbon capacity and printer types, including industrial, desktop, and portable models, further diversify the market.