QR code label Market Is Set to Experience Revolutionary Growth by 2027

The Global QR Code is a CAGR 8.7% forecast period in 2018, between 2019 and 2027, with the market valued at the label US $ 996.8 million , which is projected to expand in the market .

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QR code labels are a part of security labels and are now being widely used for all kinds of applications across the globe. The QR code labels market is segmented on the basis of label type, printing technology, and end use. QR code printing technology includes flexographic printing, digital printing, offset, gravure, and other printing technologies. QR code labels are a suitable option when a lot of information cannot be printed on a label due to space constraints.

QR Code Labels Exploring a wide range of applications in the food and beverage industry, which have a significant revenue share in the market , QR code labels efficiently link consumers to product credentials. There is not enough free space.

The FMI report features detailed profiles of key companies in the QR code label market, including Lintec Corporation, Hibiscus PLC, CCL Industries, Label Logic, Inc., Packtica SDN Bhd, Advanced Labels NW, and Data Label Co. I am. UK, Coast Label Company, Consolidated Label & Co. , And Label Impressions Inc.

Top trends shaping the strategic activities of QR code label makers-
Waterproof QR code label
QR code label specially designed for packaged seafood products

Mass integration of QR code labels into alcoholic beverages by wholesalers and retailers
The majority of established companies that manufacture QR code labels are shifting their focus to waterproof QR code labels that can efficiently withstand harsh weather conditions. The increasing incorporation of QR code labels into seafood products and liquor bottles shows another strong trend in the QR code label outlook that has been observed in recent years.

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Key segment
Based on label type
Sleeve label
Adhesive label
Pressure sensitive label
Other labels

Based on printing technology
Flexo
Digital printing
Offset lithography
Gravure printing
Other printing technologies

Russian wholesalers and retailers dealing with alcoholic beverages have begun mass QR code labeling of all bottles as a whole new initiative to adapt to electronic tracking and surveillance systems. This trend now applies to both premium spirit and beer, but the Russian alcohol industry has the potential to maintain tracking of exports, imports and sales in addition to production, distribution and sales.

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Important insights from the report-
Pressure-sensitive QR code labels continue to be an attractive segment across multiple industrial sectors around the world.
Adoption throughout the food service industry is gaining momentum, and QR code label sales are expected to increase in the near future.
Anti-counterfeiting applications are expected to increase sales of QR code labels in the automotive sector.

The surge in smartphone sales and the prosperity of the retail sector have an indirect (plus) impact on the status of QR code labels.
With a value share of nearly 40% in the Asia Pacific market, China continues to be the revenue growth engine for the regional QR code label market.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.