Label Printing Machines Market to Reach a Valuation of ~US$ 7.8 Bn by 2027

Global Label Printing Machines Market: Overview

According to a new market report pertaining to the global label printing machines market published by Transparency Market Research the global label printing machines market is projected to reach a value of US$ 7.8 Bn by 2027, expanding at a CAGR of ~5% from 2019 to 2027. Growth of the label printing machines market can be attributed to high demand from manufacturing, retail, transportation & logistics, and packaging industries. Asia Pacific is anticipated to lead the global label printing machines market, followed by North America, during the forecast period.

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Identity Protection for Products Accelerating Label Printing Machines Market Growth

Identity protection for products is a big challenge for manufacturers these days. Manufacturers are constantly struggling to give their products unique identification to make them look different from the products of competitors. Unique identification is not only required for easy differentiation by consumers, it is also a significant anti-counterfeiting measure for products. Labels have made it easier to detect fakes, as it is difficult to counterfeit a label with stringent security features. Fake labels can easily be identified by consumers, and they refrain from purchasing products with such labels. The label printing machines market is growing due to the rise in demand for such labels. Every manufacturer is trying to introduce a new printer that can print labels with more security and identification features.

Stock Management & Shipment Tracking Driving Use of Label Printing Machines

Labels are the best option to depict the unique identification number or tracker on an item, which are used as a tracking agent. Labels are required to input a unique sequence and number to identify the product. Manufacturers or stockiests can put an identification number in the form of a numeric, alpha-numeric, or pattern/code. Not just the printing machine, but the storage area can be assigned with unique codes to divide it into sub-areas for better storage planning.

For better segregation, stock & inventory management can be broadly divided into two categories – location labeling and item labeling. Location labeling consists of labeling as per rows, sections, zones, and shelf numbers, whereas, item labeling is required to identify a particular item. Stock management & shipment tracking is easier now, which results in more industries opting for labeling. As the demand for labels are increasing, label printing machines also experience increased demand.

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monali Joined: April 13th, 2018