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Barcode Printers Market Trends

Report ID: GMI147
Published Date: Aug 2024
Report Format: PDF

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Barcode Printers Market Trends

The adoption of barcode printers is rapidly increasing across manufacturing, logistics, and retail sectors due to their pivotal role in improving operational efficiency and accuracy. These sectors are leveraging barcode printers to streamline processes, enhance inventory management, and optimize supply chain operations. n manufacturing, barcode printers streamline production by tracking products through each stage, ensuring accurate inventory and quality control.

In logistics, they facilitate efficient shipping and tracking of goods, improving order fulfillment and accuracy. Retailers use barcode printers to generate price and product labels, expediting transactions and optimizing inventory and asset management. For instance, in July 2023, Newland AIDC expanded its product lineup with the launch of two new label printers designed to enhance printing efficiency for manufacturing, logistics, and retail applications. The company introduced the NLS-PP310 portable label printer and the NLS-LP410 desktop label printer, both engineered for reliable label and barcode production with an ergonomic design.

The increasing demand for supply chain transparency and traceability is reshaping how businesses manage their operations and interact with consumers. Consumers and regulatory bodies are pushing for greater visibility into product origins, handling processes, and supply chain integrity. This heightened scrutiny necessitates accurate and reliable methods for tracking products throughout their journey from production to end-user. Barcode printers are crucial for generating labels that provide detailed information about products, including manufacturing dates, batch numbers, and origin.

These labels are scanned at various points in the supply chain, offering real-time tracking and visibility. This ensures that each product can be traced back through its entire supply chain journey, enhancing transparency and compliance with regulatory standards. Barcode labels streamline inventory management by providing up-to-date information on stock levels and movements. Scanning barcodes reduces manual data entry errors and speeds up inventory audits and stock checks. This efficiency is critical for maintaining accurate records and responding swiftly to supply chain disruptions.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of barcode printers reached USD 4.2 billion in 2023 and will grow at 4.5% CAGR between 2024 and 2032, led by the growing need for accurate and efficient inventory management, and the increasing adoption of barcode technology in healthcare and logistics.

Barcode printers industry from the inventory management segment will record 5% CAGR through 2032, primarily due to the increasing need for precise and efficient stock control across various industries.

North America market will reach USD 2 billion by 2032, propelled by advanced technological infrastructure and widespread adoption of automation in retail, healthcare, and logistics sectors.

Some of the key industry players are Canon Inc., Godex International Co. Ltd., Honeywell International Inc., Zebra Technologies Corporation, Toshiba Corporation, Airtrack, and Avery Dennison Corporation, among others.