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Leading Element Driving Change in the Quick Response (QR) Code Labels Market in 2025: Surge In Online Payments Boosting Quick Response (QR) Code Labels Growth Driver
Quantum Photonics
The growing demand for online payments is expected to drive the growth of the QR code labels market. Online payments involve transferring funds electronically for goods or services. This demand is increasing due to the convenience, speed, and security of digital transactions. QR codes simplify and expedite these payments by allowing users to complete transactions quickly via smartphones. For instance, UK Finance reported that in 2022, the number of contactless payments in the UK rose to 17.0 billion, a significant increase from the previous year. As a result, the demand for online payments will fuel the growth of QR code labels.
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What is the projected compound annual growth rate (CAGR) of the quick response (qr) code labels market from 2025 to 2034, and what factors influence it?
The quick response (QR) code labels market has grown rapidly in recent years. It is expected to increase from $1.48 billion in 2024 to $1.64 billion in 2025, at a CAGR of 11.3%. The growth is driven by greater inventory management efficiency, enhanced marketing, higher smartphone adoption, demand for quick information access, and advancements in mobile payment systems.
The quick response (QR) code labels market is projected to grow to $2.49 billion by 2029 at a CAGR of 11.0%. The growth is attributed to the expanding e-commerce sector, advances in augmented reality, increased digital payment adoption, and the rise of healthcare applications for information dissemination. Trends include integration with IoT devices, personalized marketing, and enhanced security features.
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How are the latest trends influencing the growth of the quick response (qr) code labels market?
Companies in the quick response (QR) code label market are developing technologies like zap vision to enhance product traceability and security. For example, in November 2023, Bayer Plc, a UK-based life sciences company, and Zappar, a UK-based augmented reality developer, launched Accessible QR codes (AQR) on Canescool Soothing Gel Cream packaging. This technology improves access to product information for people with visual impairments by using accessibility apps like Envision and Microsoft SeeingAI.
What are the major segments of the quick response (qr) code labels market and their role in driving growth?
The quick response (QR) code labels market covered in this report is segmented -
1) By Label Type: Sleeve Labels, Glue Applied Labels, Pressure Sensitive Labels, Other Label Types
2) By Material Type: Paper, Plastic, Polyethylene Terephthalate, Poly Vinyl Chloride, Vinyl
3) By Printing Technology: Flexographic, Digital Printing, Offset Lithography, Gravure Printing, Other Printing Technologies
4) By End Use: Food And Beverage, Pharmaceuticals, Personal Care And Cosmetics, Automotive, Homecare And Toiletries, Chemicals, Industrial, Other End Uses
Subsegments:
1) By Sleeve Labels: Shrink Sleeve Labels, Stretch Sleeve Labels, Roll-On Sleeve Labels, Full-Sleeve Labels
2) By Glue Applied Labels: Wet Glue Labels, Dry Glue Labels, Hot Melt Glue Labels, Cold Glue Labels
3) By Pressure Sensitive Labels: Paper-Based Pressure Sensitive Labels, Film-Based Pressure Sensitive Labels, Clear Or transparent Pressure Sensitive Labels, Special Adhesive Pressure Sensitive Labels
4) By Other Label Types: In-Mold Labels, Wrap-Around Labels, Rfid-Embedded Labels, Security Or Anti-Counterfeit Labels, Thermal Transfer Labels
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Which regions are key players in the growth of the quick response (qr) code labels market?
North America was the largest region in the quick response (QR) code labels market in 2024. The regions covered in the quick response (QR) code labels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the quick response (qr) code labels market?
Major companies operating in the quick response (QR) code labels market are Brother Industries Ltd, Zebra Technologies LLC, CCL Industries Inc., Brady PLC, Cognex Corporation, Bizerba USA Inc, Epson America Inc, HERMA Gmbh, Avery Products Corp, AstroNova Inc, MPI Label Systems, Online Labels LLC, Consolidated Label Co, Citizen Systems Co Ltd, SATO Holdings Corporation, Denso Wave Incorporated, Afinia Label, Holo Security Technologies Pvt Ltd, Coast Label Co, Label Express, Hibiscus Plc, Crown Labels Mfg Co Ltd.
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What Is Covered In The Quick Response (QR) Code Labels Global Market Report?
•Market Size Forecast: Examine the quick response (qr) code labels market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the quick response (qr) code labels market for a structured understanding.
•Key Players Overview: Analyze major players in the quick response (qr) code labels market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the quick response (qr) code labels market.
•Segment Contributions: Evaluate how different segments drive overall growth in the quick response (qr) code labels market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the quick response (qr) code labels market.
•Industry Challenges: Identify potential risks and obstacles affecting the quick response (qr) code labels market.
•Competitive Landscape: Review strategic developments in the quick response (qr) code labels market, including expansions, agreements, and new product launches.
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