QR Code Labels Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026
Sarasota, FL -- (SBWire) -- 04/16/2019 --Global QR Code Labels Market: Overview
QR code labels are a part of security labels and are now being widely used for all kinds of applications across the globe. QR code labels manufactures are now engaging in manufacturing a variety of waterproof labels, specially designed for harsh environments. They are robust and high-density barcodes that are capable of carrying abundant data as compared to conventional barcodes.
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Global QR Code Labels Market: Growth Factors
Escalating use of QR code labels in inventory management, marketing & advertisement, security, mobile payments, and personal use will drive the QR code labels market trends over the foreseeable future. QR code labels are useful in storing information such as webpages, URLs, text, and contact information and this will facilitate as well as embellish the growth of QR code labels market. Furthermore, the market for QR code labels is likely to witness positive growth, owing to its high-storing capacity.
Unlike the conventional barcode labels, QR code labels are scan able from any angle. QR code labels are used as anti-counterfeiting labels to protect myriad products from getting damaged. The effects of counterfeiting have been witnessed in many industries including food & beverage, automotive, pharmaceutical, etc. Counterfeiting actions have led manufacturers to embed QR code labels to their products. Anti-counterfeit solutions involve QR code-based identification that helps the consumer and the company salesmen to scan and identify the authenticity of the product by using smartphones. These labels are helpful in loyalty programs and redeeming points as well as trade, cash, and sales discounts.
Global QR Code Labels Market: Segmentation
The global QR code labels market can be classified based on label type, printing technology, and end use. On the basis of label type, the QR code labels market can be sectored into sleeve labels, glue applied labels, and pressure sensitive labels. On the basis of printing technology, the market can be classified into flexographic printing, digital printing, offset lithography, and gravure printing. By end use, the market is classified into food & beverages, pharmaceuticals, personal care & cosmetics, automotive, homecare & toiletries, chemicals, and industrials sectors.
Global QR Code Labels Market: Regional Analysis
Based on regions, the global QR code labels market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is projected to demonstrate a lucrative growth over the estimated period, owing to large manufacture and use of QR code labels. Furthermore, thriving food & beverages industry in countries such as the U.S. and Canada will inflate the scope of the market in the region. In addition, QR code labels business in China is anticipated to contribute majorly towards the Asia Pacific QR code labels market over the estimated timespan. With cost-effective labor and availability of massive resources as well as entrepreneur-friendly government policies, manufacturers are looking towards APAC for expanding their business by establishing their manufacturing bases in the countries such as Japan, Singapore, India, China, and Malaysia. This will further magnify the size of QR code labels market in the APAC region.
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Europe, Latin America, and MEA are the markets having a huge and untapped market growth potential.
Global QR Code Labels Market: Competitive Players
Some of the key players in QR code labels market are Lintec Corporation, CCL Industries, Packtica SDN Bhd, Label Logic, Inc., Hibiscus PLC, Data Label Co. UK., Advanced Labels NW, Coast Label Company, Label Impressions Inc., and Consolidated Label & Co.
Global QR Code Labels Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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