The label printer market size is projected to reach US$ 9.71 billion by 2031 from US$ 5.93 billion in 2023. The market is expected to register a CAGR of 6.4% in 2023–2031. Increasing demand for label printers from the pharmaceutical sector and growth in the packaging industry are likely to remain key label printer market trends.
Numerous industries, including supply chain management, retail price marking, packaging labels, and others, use label printers. The information or symbols about the product or item that are helpful to both the seller and the customer are printed using label printers. Demand for desktop and mobile/portable printers is expected to soar during the forecast period due to the manufacturing industry's ongoing need for simple, convenient label printing tools. In addition, the growth in the retail industry further fosters the demand for label printers.
A label printer is a type of computer printer that can print on cardstock (tags) or self-adhesive label material. Label makers are label printers that come with an integrated keyboard and display for standalone operation (i.e., not connected to a separate computer). Because they require specialized feed mechanisms to handle rolled stock or tear sheet (fanfold) stock, label printers differ from regular printers. A variety of label materials, such as paper and synthetic polymer (plastic) materials, are used by label printers.
Across the globe, the rise in disposable income and the purchasing power of consumers are increasing, leading to the buying of various retail products. In addition, the population growth also results in the demand for retail products. Thus, the growth in the retail sector and e-commerce industry generates the demand for equipment and machinery such as label printers, which fasten the operations in these industries to meet the customer's demand on time. Printers, such as price label printers and barcode printers, guarantee that goods are appropriately tracked, priced, and displayed to consumers. As the information on the label helps retailers manage their inventory and store products efficiently, the demand for label printers is gaining traction in the retail industry.
Nowadays, with the digital landscape always changing, companies in all sectors are always looking for new and creative ways to improve their operations and obtain a competitive advantage. Label printing is just one of the many areas of business operations that artificial intelligence (AI) has the potential to completely transform. Businesses can use AI to automate the design process and produce beautiful labels by utilizing sophisticated algorithms. Large volumes of data, such as design elements, industry trends, and consumer preferences, can be analyzed by AI algorithms to create customized label designs for particular brands or products. Businesses can guarantee that their labels fulfill the highest standards of accuracy and aesthetic appeal by implementing AI-powered quality control systems. This factor will ultimately improve customer satisfaction and brand reputation. Such benefits of AI in label printing will generate the demand for advanced printers and will create lucrative growth opportunities for the label printer market.
Key segments that contributed to the derivation of label printer market analysis are type, technology, and end-user industry.
The geographic scope of the label printer market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest label printer market share. The US, Canada, and Mexico are among the key countries in North America. The rise in demand for label printers from the end-user industries, such as manufacturing, retail, logistics, and others, is fuelling the market growth in the region. The population growth in the region further generates the demand for various products and services that require labels carrying all the product-related information, which further fuels the demand for label printers.
The regional trends and factors influencing the Label Printer Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Label Printer Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 5.93 Billion |
| Market Size by 2031 | US$ 9.71 Billion |
| Global CAGR (2023 - 2031) | 6.4% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Label Printer Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Label Printer Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
Label Printer Marketis evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
The “Label Printer Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global label printer market was estimated to be US$ 5.93 billion in 2023 and is expected to grow at a CAGR of 6.4% during the forecast period 2023 - 2031.
The rise in the retail industry and demand from the pharmaceutical sector are the major factors that propel the global label printer market.
Integration with artificial intelligence (AI) technology is anticipated to play a significant role in the global label printer market in the coming years.
The key players holding majority shares in the global label printer market are Toshiba Tec Corporation; Honeywell International Inc.; Postek Electronics Co., Ltd.; Wasp Barcode Technologies; and VIPColor Technologies Pte Ltd.
The global label printer market is expected to reach US$ 9.71 billion by 2031.
The incremental growth expected to be recorded for the global label printer market during the forecast period is US$ 3.78 billion.