As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Barcode Label market is expected to grow at a healthy CAGR during the forecast period (2019–2029). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Barcode Label in the coming 10-years.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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The Advent of Sustainable and Intelligent Packaging Solutions Skyrocketing the Demand for Barcode Label
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Barcode Label market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Barcode Label Market Takeaways and Projections
- The U.S. is expected to lead the North America Barcode Label market, projecting the fastest growth in the region between 2019 and 2029
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2029.
Report Benefits & Key Questions Answered
- Barcode Label Historical Market Analysis: The detailed survey by FMI, examines key factors in the Barcode Label market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Barcode Label market for the forecast period 2019–2029.
- Barcode Label Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Barcode Label for the assessment period. As per the study, the demand for Barcode Label will grow at a robust CAGR between 2019 and 2029.
- Barcode Label Market Trend Analysis: The latest study by FMI on the Barcode Label market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Decoding Research: Navigating Report Methodology: https://www.futuremarketinsights.com/askus/rep-gb-9424
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Barcode Label market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Barcode Label market: Segmentation
Depending upon code writing technology, the combination of numbers and alphabets and as per industry standards barcode labels are segmented as:
By technology, Barcode labels market is segmented into,
- 1 Directional barcode labels
- 2 Directional barcode labels
- HD barcode labels
- Holographic transparent barcode labels
By combination, barcode labels are segmented into
- Numeric barcode labels
- Alphanumeric barcode labels
By industry standards, barcode labels are segmented into
- Code 39
- Code 128
- Interleaved 2 of 5
- Universal Product Codes (UPC)
- International Article Number (IAN)
- PDF 417
- Data Matrix
- Quick Response Codes (QR code)
- GS1 DataBar
- Aztec Code
- POSTNET
- Code 11
- ITF 14
By printing methods used for barcode labels, it is segmented into:
- Direct thermal barcode labels
- Thermal transfer barcode labels
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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