The global label printers market size is predicted to reach USD 513.3 million in 2023 and further grow at 3.9% CAGR between 2023 and 2033. Overall label printer sales are likely to top a valuation of USD 752.6 million by 2033. Growing adoption across end-use industries like manufacturing, transportation & logistics, and retail is a key factor driving label printer demand globally.
With the continuously increasing demand for easy-to-use and convenient label printing tools in the manufacturing industry, demand for desktop and mobile/portable printers is projected to propel during the forecast period. Both segments collectively are estimated to account for around 74% of the global market by the end of the forecast period.
Future Market Insights (FMI) predicts the global label printers industry to generate an incremental growth opportunity of USD 257.6 million during the forecast period (2023 to 2033). The top 5 companies held approximately 15-20% of the market in 2022.
Rising demand for printing machinery is projected to bolster the demand for label printers during the forecast period. The label printers industry is predicted to expand 1.5 times the current market value during the forecast period.
Label printers are machines that print on self-adhesive label materials and tags. These printers differ from ordinary printers as they require a special feed mechanism to handle rolled stock or tear sheet stock. They have the ability to quickly print small quantities of labels, thereby helping end-use industries to improve productivity.
Label printers are perfect printing solutions for individuals and businesses who prefer to create labels for various purposes. These printers are more cost-effective than having one’s printing done by a third party. They provide high print quality and fast turnaround time.
Rising applications of label printers in supply chain management, packaging labels, fixed assets, retail price marking, and laboratory specimen marking is a key factors expected to boost the global label printers industry.
Over the years, label printers have become indispensable tools for industries like manufacturing, e-commerce logistics, and retail. For instance, the logistics industry needs shipping labels to send packages and for this purpose, they use label printers that help them to work efficiently and flawlessly.
Similarly, growing adoption across organized retail for labeling products will drive label printer sales during the forecast period. Further, label printers also find applications in the healthcare sector where they are used for wristbands and tags that help in patient tracking and identification.
Demand is especially rising for mobile label printers as they allow companies to produce labels, receipts, and tags at any time and at any location. Thus, the rising popularity of portable label printers will fuel the demand in the market over the projection period.
| Attribute | Key Insights |
|---|---|
| Label Printers Market Estimated Market Value (2023) | USD 513.3 million |
| Projected Market Value (2033) | USD 752.6 million |
| Value-based CAGR (2023 to 2033) | 3.9% |
| Collective Value Share: Top 3 Countries (2023E) | 30-35% |
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Overall label printers demand registered growth at a CAGR of 3.6% during the historic period (2018 to 2022), reaching USD 495.0 million by the end of 2022. However, with rising applications in manufacturing and retail industries and the growing popularity of packaging labels, the label printer demand is set to rise at 3.9% CAGR through 2033.
Label printers are extensively used to print barcodes, tags, receipts, etc. for manufacturing and retail products. These printers print on self-adhesive label material and are used in a wide range of applications such as supply chain and logistics, retail products price marking, etc.
Label printers help manufacturers to save time, and money and provide high-quality graphics, photos, and barcodes, by printing custom labels in-house and on demand. These are some of the factors that are bolstering growth in the global label printers market.
The regulation for labeling is also a major factor propelling demand for label printers among the end-use industries. Similarly, the adoption of advanced technology and the need for fast printing will boost label printer sales over the projection period.
Growing Trend for Radio Frequency Identification (RFID) to Propel Label Printers Demand
An automated method of identification that uses wireless radio frequency transmissions is known as radio frequency identifying (RFID). Information is digitally encoded in RFID tags or labels, which may be decoded by a reader using radio signals.
The need for label printers will rise due to the growing use of RFID tags in the manufacturing and retail sectors for product quality checks, transportation, and logistical applications, and also due to the growing focus on security for asset management and quality control. When a consumer approaches the payment counter, the prices and information of items with RFID tags are automatically stored, which saves time and improves efficiency in the retail industry.
To allow quick delivery and avoid misplacement, RFID tags are often used in the aviation industry for the management of luggage, logistics, and other transportation equipment. Also made possible by RFID tags are tap-and-go credit card payments. The pandemic outbreak has led to an increase in consumer preference for contactless payment and delivery. This trend is expected to continue in the coming years, which will support the expansion of the global label printers industry.
Principal Consultant
Robust Growth of Manufacturing Sector Fueling Label Printers Sales in the USA
By the end of the forecast period (2033), the USA is projected to hold 82% of the market share in the North American label printers market. The market for label printers in the USA will expand as a result of multiple industries' increasing demand for flexible printed packaging solutions.
Manufacturing contributed USD 2.3 trillion which accounted for around 12% of the USA GDP in 2021, according to the National Institute of Standards and Technology (NIST). Manufacturing in the USA consumes on average 10.2% more than other private enterprises. Thus, the increased need for printing & labeling technologies in the thriving manufacturing sector in the USA is estimated to fuel the demand for label printers during the forecast period.
Similarly, the growing popularity of mobile label printers or portable labeling machines across commercial and residential sectors will aid in the expansion of the market over the next ten years.
Expansion of Retail Sector to Boost Label Printer Sales in India through 2033
The label printers market in India is projected to expand at a CAGR of 4.6% during the forecast period. Expanding manufacturing sector in India along with increased labeling requirements by the end-use industries augments the sales of label printers.
Furthermore, the rapid growth of the packaging industry, increasing spending on packaged products, and expansion of the transportation & logistics sector will boost label printer demand across India during the projection period.
According to the India Brand Equity Foundation (IBEF), the retail industry is one of the fastest-growing sectors in India and accounts for over 10% of the country’s GDP. Further, India’s retail industry is anticipated to reach a massive value of USD 2 trillion by 2032. This will create lucrative opportunities for label printer manufacturers as these printers are frequently used in the retail sector.
Inkjet is the Most Commonly Used Printing Technology
By technology, the inkjet segment will continue to dominate the global label printers industry. According to FMI, the market for inkjet label printers will increase by 1.6x its current market value. The market for inkjet label printers is expanding as a result of the increasing demand for higher print resolution and better print quality and the rapid expansion of the advertising industry.
Similarly, the fact that inkjet printers are lighter and smaller, take up less space, and can be customized in a variety of ways to meet manufacturer requirements, makes them quite popular across several end-use industries.
Manufacturing Sector to Create Maximum Label Printers Demand
Based on end use, the manufacturing segment is projected to generate the highest demand for label printers during the forecast period. A market value share of around 45% has been predicted by FMI for the manufacturing segment by the end of 2033.
Rising demand for printed packaged products and the growing manufacturing industry are the two utmost factors driving the global label printers industry forward.
According to the Federal Reserve System, industrial production increased by 2.4% from October 2021 to October 2022 and will continue to grow during the forecast period. This in turn will generate high demand for label printers.
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Key label printer companies are focusing on expanding their product portfolio as well as increasing their production capacity. They are also adopting inorganic strategies such as mergers, acquisitions, partnerships, collaborations, and strengthening distribution channels to gain a competitive edge in the market.
Some of the latest developments are as follows -
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 513.3 million |
| Projected Market Size (2033) | USD 752.6 million |
| Anticipated Growth Rate (2023 to 2033) | 3.9% CAGR |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2023 to 2033 |
| Segments Covered | Printer Type, Technology, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | SATO Agrox India Pvt. Ltd.; Zebra Technologies Co.; Canon Fintech Nisca; Brother Industries Ltd.; Agrox Information Co. Ltd.; TSC Printronix Auto ID; Bixolon Co. ltd.; iDPRT ( XIAMEN HANIN ELECTRONIC TECHNOLOGY CO., LTD.); NeuraLabel; Maxusa Crop.; Oki Europe Ltd.; Aimotech Co.; Epson Canada Ltd.; Swiftcolor Co.; Primera Technology, Inc.; Seiko Instruments GmbH; Isys label; Toshiba America Business Solutions, Inc.; VIPColor Technologies Pt Ltd.; Afinia Label |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The global label printers market size is estimated to be valued at USD 513.3 million in 2023.
The label printers industry expanded at a CAGR of 3.6% from 2018 to 2022.
By 2033, the global market for label printers is projected to reach USD 752.6 million.
From 2023 to 2033, the global label printer demand is anticipated to surge at a CAGR of 3.9%.
The global market for label printers is estimated to grow 1.5 times the current market value during the forecast period.
During the forecast period, the inkjet label printers segment is likely to be the fastest-growing technology segment in the global market.
Increasing demand for printed packaged products in various end-use industries is increasing the demand for label printers.
SATO Agrox India Pvt. Ltd., Zebra Technologies Co., Canon Fintech Nisca, Brother Industries Ltd., Oki Europe Ltd., and Epson Canada Ltd. are the key players operating in the global market for label printers.
As per the FMI analysis, the overall market for label printers in China is projected to expand at a CAGR of 5.0% during the forecast period (2023 to 2033).
The market was valued at USD 495.0 million in 2022.
The market is estimated to be worth USD 752.6 million by 2033.
The market value for inkjet label printers is estimated to increase by 1.6x.
The United States is estimated to hold an 82% share of the market.
Label printers are likely to exhibit a 3.9% CAGR until 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Printer Type 5.1. Industrial 5.2. Desktop 5.3. Mobile/Portable 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 6.1. Thermal 6.2. Direct 6.3. Inkjet 6.4. Laser 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Manufacturing 7.2. Warehousing 7.3. Retail 7.4. Transportation & Logistics 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Country-wise Label Printers Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. SATO Agrox India Pvt. Ltd. 18.2. Zebra Technologies 18.3. Canon Inc. 18.4. Brother Industries Ltd. 18.5. Agrox Information Co. Ltd. 18.6. TSC Printonix Auto ID 18.7. Bixolon Co. Ltd. 18.8. iDPRT (XIAMEN HANIN ELECTRONIC TECHNOLOGY CO., LTD.) 18.9. NeuraLabel 18.10. Maxusa Corp. 18.11. Oki Europe Ltd. 18.12. Aimotech Co. 18.13. Epson Canada Ltd. 18.14. Swiftcolor Co. 18.15. Primera Technology, Inc. 18.16. Seiko Instruments GmbH 18.17. Isys Label 18.18. Toshiba America Business Solutions, Inc. 18.19. VIPColor Technologies Pt Ltd. 18.20. Afinia Label 19. Assumptions and Acronyms Used 20. Research Methodology
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Label Printers Market
