Barcode Label Market Size Growth Rate by Type 2021 Share, Future Trend, Top Key Players, Growth Factor, Development, Applications and Forecast to 2027 - WestRock, Clondalkin Group, 3M, Amcor

The Barcode Label Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Barcode Label Market Size is Projected to Reach at a CAGR of 9% during 2021-2027.

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Barcode Label market overview:

Barcode labels help to extract accurate data of the product or services within microseconds; hence the driving force for using barcode labels is to reduce human error. The second major factor for using this technology is data security.  Every organization want to encrypt their data with high level security which will not be easily traceable by outsiders. It is very challenging to manage inventory location, and its pricing at the mass level by the employee might involve training. Companies can reduce training time and cost by using this system. Barcoding saves the company time in terms of data re-entry. This also helps to trace outgoing shipments and equipment and helps in optimizing the supply chain Despite the positive outlook, few technologies might hamper the growth of the barcode label market. Radio Frequency Identifier (RFID) has an IC chip that stores and retrieves data. These IC chips have more capacity to store data compared to barcode labels. However, barcodes are more economical as compared to RFID technology. RFID consists of big programs which increase data recovering process time which is very less in barcode labels. 

Top Leading Companies:

Mondi Group, Autajon, Avery Dennison, CCL Industries, WestRock, Clondalkin Group, 3M, Amcor

Recent Development:

3M has acquired 80 companies, including 5 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 19 assets. 3M’s largest acquisition to date was in 2019 when it acquired Acelity for $6.7B. Its largest disclosed sale occurred in 2019 when it sold Kindeva Drug Delivery to Altaris Capital Partners for $650M. 3M has been acquired in 22 different US states, and 17 countries. The Company’s most targeted sectors include manufacturing (25%) and medical products (18%).

Amcor has acquired 19 companies, including 7 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets. Amcor’s largest acquisition to date was in 2016 when it acquired Alusa S.A. for $435M. It’s largest disclosed sale occurred in 2007 when it sold Amcor - European PET Business to La Seda de Barcelona SA for $479M. Amcor has acquired in 4 different US states, and 11 countries. The Company’s most targeted sectors include packaging (85%) and plastics (16%).

Barcode Label Market Segmentation by Type:

Numeric Barcode Labels
Alphanumeric Barcode Labels

Barcode Label Market Segmentation by Application:

Consumer Good Industry
Medical Industry
Banking Industry
Others

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The Asia Pacific Is Expected to Register Fastest Growth
Manufacturers in the region are looking for printing technology that enables them to cut costs, streamline operations, and improve quality control that fuels the growth of the barcode printer market. This is propelling the players to come up with solutions that enable them to cater to such needs.
For instance, in June 2019, TSC Auto ID launched its ML240P compact industrial barcode printer series. The ML240P is available in 203 dpi printing resolution, and the ML340P is available in a strong 300 dpi printing resolution.
The logistics industry is characterized by the amount of information it can capture, process, and deliver to its customers by identifying, moving & tracking goods in real-time is being enabled through Barcode & RFID supply chain standards.
The growth of the logistics industry in the region, coupled with the rise in online shopping, could promote the adoption of barcodes in the region positively. For instance, according to the National Development and Reform Commission (NDRC), the total value of social logistics in the January-July(2019) period grew 5.9 per cent year-on-year incomparable prices to CNY 163.8 trillion (about USD 23.1 trillion). Also, the value of industrial goods logistics expanded 5.8 per cent year on year to 148.5 trillion yuan.

Regional Barcode Label Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Barcode Label Market Report:

Detailed overview of Barcode Label Market
Changing the Barcode Label market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Barcode Label market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Barcode Label Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Barcode Label Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Barcode Label industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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