Press release
QR Code Labels market is projected to reach USD 2.76 billion by 2030 : Cognitive Market Research
QR code labels market is projected to reach USD 2.76 billion by 2030 : Cognitive Market Research
What is a QR code label?
- QR code labels are small labels that contain a Quick Response (QR) code, which is a two-dimensional barcode that can be read by a QR code reader app on a smartphone or tablet. These labels are typically used in commercial and industrial settings to provide quick access to information about a product, asset, or location. QR code labels are a cost-effective and efficient way to provide information and access to a variety of applications. They can be printed on a variety of materials, including paper, plastic, or metal, and can be customized to fit the specific needs of a business or organization.
Summary:
- The QR code labels market is projected to grow from USD 1.27 billion in 2022 to USD 2.76 billion by 2030, at a CAGR of 8.9%.
"To know more about The QR code labels Market statistics click here: https://www.cognitivemarketresearch.com/qr-code-labels-market-report
Market Dynamics:
• Rising Smart-phone device sales boost the demand for QR code labels market
As the use of smartphones and tablets continues to grow, the demand for QR code labels is also increasing. QR codes can be easily scanned using a smartphone camera, providing quick access to information and enhancing the user experience. The COVID-19 pandemic has accelerated the trend toward contactless transactions, driving the demand for QR code labels for payments, ticketing, and other applications.
• Dependency on Smartphones and security concerns acts as a restraint of the QR code labels market
The adoption of QR code labels is highly dependent on the availability and use of mobile devices with built-in cameras and QR code reader apps. In areas with limited smartphone penetration, the use of QR codes may be limited. QR codes can be easily copied or modified, raising concerns about the security and authenticity of information transmitted through QR code labels. This may limit the use of QR codes for certain applications, such as financial transactions or sensitive data.
• The rising adoption of technologies will drive the QR code labels market growth
QR code labels can be integrated with other technologies, such as augmented reality, to provide enhanced user experiences and additional functionality. This presents an opportunity for businesses to innovate and differentiate their products and services. QR code labels can provide valuable data and insights, such as product usage and consumer behavior, which can be used to inform business decisions and drive growth.
QR code labels Market Segmentation:
Type
• Sleeve Labels
• Glue Applied Labels
• Pressure Sensitive Labels
• Other Labels
Application
• Food & Beverage
• Pharmaceuticals
• Personal Care & Cosmetics
• Automotive
• Homecare & Toiletries
• Chemicals
• Industrial
• Others
Material Type
• Paper
• PET
• Plastic
• PVC
• Vinyl
Printing Technology
• Flexographic Printing
• Digital Printing
• Offset Lithography
• Gravure Printing
• Other Printing Technology
The Major Players in QR code labels Market are:
Packtica SDN BHD, Label Logic Inc, Hibiscus plc, Lintec Corporation, CCL Industries Inc., Advanced Labels NW, Coast Label Company, Data Label Co. UK, Label Impressions Inc., PPG Industries, Consolidated Label & Co., Fastroll Labels Sdn. Bhd
Get free sample pages of the latest published QR code labels market Report:
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News
• May 19, 2022
In DUBAI, United Arab Emirates, Equally significant as packaging, product labeling has also emerged as an extremely important factor influencing the purchasing behavior of consumers. The 2D nature and machine (mobile device) readability of QR code labels continues to highlight their robust potential in terms of adoption. Apart from food and beverages, healthcare, pharmaceuticals, and personal care industries have adapted to the paradigm shift of barcode-to-QR code, in the recent past.
Regional Analysis:
• North America dominates the QR code labels Market
Geographically, the global QR code labels market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. The North American market is expected to have a significant market share due to the high adoption of smartphones and mobile devices, the growth of e-commerce, and the increasing demand for contactless transactions. The market is also driven by the growing need for supply chain transparency and secures labeling solutions.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global QR Code Labels Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 QR Code Labels Market Segmentation
1.5.1 QR Code Labels Market Regional Fragmentation
1.5.1 QR Code Labels Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of QR Code Labels Market
Chapter 4 Global QR Code Labels Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global QR Code Labels Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global QR Code Labels Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global QR Code Labels Market by Material Type Segmentation Analysis (2018-2030)
Chapter 12 Global QR Code Labels Market by Printing Technology Segmentation Analysis (2018-2030)
Chapter 13 Global QR Code Labels Market Regional Analysis
Chapter 14 North America QR Code Labels Market Outlook (2018 - 2030)
Chapter 15 Europe QR Code Labels Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific QR Code Labels Market Outlook (2018 - 2030)
Chapter 17 Latin America QR Code Labels Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa QR Code Labels Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about QR code labels Market TOC click here: https://www.cognitivemarketresearch.com/qr-code-labels-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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