The global QR code labels market is anticipated to register USD 3.5 billion by 2033, advancing at an 8.7% CAGR from 2023 to 2033. The global QR code labels industry is likely to be valued at USD 1.5 billion by 2023.
Due to the increased use of online payment modules, the demand for security solutions has grown. When it comes to authenticating online payments, QR code stickers provide exceptional security.In light of these factors, the global QR code labels market is likely to grab significant traction in the future years. Another factor that affects the growth of the global QR code labels market from 2023 to 2033 is the application of custom QR code labels in various industries such as manufacturing.
One primary determinant of the growth in the demand for QR code labels during the forecast period is the potential of QR to transport enormous amounts of data. The increasing use of industrial QR code labels in verticals is one factor that speed ups the QR codes market growth.
Another element that boosts the expansion of the global QR code labels industry is the capacity to store important and large amounts of data. The flexibility of QR codes, which allow users to scan the code from any direction, is another element propelling the market rise for them.
The use of personalized QR code labels as anti-counterfeit measures is another aspect fuelling the market growth for QR codes between 2023 and 2033.
Its application to supply authentication to business employees is assisting the global market to develop in the next years.
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According to FMI, the QR code market is booming at an impressive 8.9% CAGR between 2023 and 2033, which is higher than the CAGR of 7.5% recorded between 2017 and 2022. This is due to the increased demand for QR code labels in the food & beverage, and pharmaceuticals industries.
By scanning the code on smartphones, custom QR code labels show product information. When space is at a premium, choosing QR code labels to display product information is a great option. And a terrific way to engage with brands is QR codes. A sign-up form or a link to the page with all the product details can be found using the QR codes on the labels.
Adoption of QR code labels on consumer goods, the consumer can locate the information the maker wishes to share with them without having to recall the product's website.
Product makers and packers are developing competitions, reward points, cash-back incentives, and other consumer-facing activities to promote their brands. The industrial QR code labels are printed on the product to put these on the packaging, making it simple for the consumer to scan and raising social media interaction.
Due to the rising acceptance of customized QR code labels as a solution to space limitations, the market may expand at a quicker CAGR during the anticipated period than it did earlier.
| Attributes | Details |
|---|---|
| QR Code Labels Market CAGR (From 2023 to 2033) | 8.7% |
| QR Code Labels Market Size (2023) | USD 1.5 billion |
| QR Code Labels Market Size (2033) | USD 3.5 billion |
| Global Market Absolute Dollar Growth (USD million/billion) | USD 2 billion |
The market for counterfeit goods is expanding, which is problematic for firms everywhere. This is causing a significant economic loss and might even harm customers.
Counterfeiting affects various industries, including food and beverage, pharmaceutical, personal care, cosmetics, and electronics. Manufacturers are now incorporating industrial QR code labels to protect their brands.
One industry that is implementing anti-counterfeiting solutions at a significant rate is the food and beverage sector. The rise in products on the market that are fake imitations of well-known brands is driving the expansion of the food and beverage category.
There are a lot of different QR code labels like QR code clothing labels, QR code asset labels, industrial QR code labels, and QR code white labels.
Due to developing economies and rising consumer awareness of fake goods, the Asia-Pacific region may hold the lion’s amount of the anti-counterfeit packaging market. The QR code labels market may expand if fake goods hurt customers and brand reputations.
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In low- and middle-income nations where sophisticated smartphones are not available to the general public, QR codes cannot be used since smartphones that can scan them are more expensive than basic mobile phones.
The adoption of QR codes may be in constrain by many variables, including a low understanding of the technology and QR code readers, the annoyance of scanning QR codes, and concerns about the security of payments and QR code scanning.
Longer scanning intervals can be time- and labor-intensive. Moreover, QR codes aren't always adopted and used due to the need for physical manipulation and an unobstructed view of the label, which may limit the expansion of the market's revenue.
The developing commercial feasibility of replacement technologies like near field communications (NFC) and visual recognition (VR), which do not face the same challenges as QR codes, may further limit its use and impede the market growth.
| Attributes | Details |
|---|---|
| Top Label Type | Pressure Sensitive Labels |
| CAGR % 2017 to 2022 | 8.2% |
| CAGR % 2023 to End of Forecast(2033) | 8.7% |
According to the FMI study by label type, the pressure-sensitive labels segment witnessed increased demand in the QR codes market due to the pressure-sensitive labels' expanding demand from various end-use sectors.
Between 2023 and 2033, the global QR code labels market witnessed pressure-sensitive labels gain value at a CAGR of 8.8%.
Another segment of the market is QR code white label. You can use a QR code white label to use a different URL instead of the standard one. QR code white label helps advance your branding because QR codes are effective instruments for branding. You can remove all external domains and substitute your branded URLs in their place.
| Attributes | Details |
|---|---|
| Top Printing Technology | Flexographic Printing |
| CAGR % 2017 to 2022 | 8.1% |
| CAGR % 2023 to End of Forecast(2033) | 8.5% |
In this market, QR code labels are printed using a variety of printing technologies, including flexography, digital printing, offset lithography, and gravure print. Flexographic printing may witness significant growth during the projection period and hold a sizeable proportion between 2023 and 2033.
The analysts project that during the forecast period, the digital printing technology segment of the QR codes market may present profitable chances.
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| Country | United States |
|---|---|
| HCAGR (From 2017 to 2022) | 6.4% |
| CAGR (From 2023 to 2033) | 5.4% |
| Country | Germany |
|---|---|
| HCAGR (From 2017 to 2022) | 6.5% |
| CAGR (From 2023 to 2033) | 5.5% |
| Country | France |
|---|---|
| HCAGR (From 2017 to 2022) | 7.7% |
| CAGR (From 2023 to 2033) | 8.3% |
| Country | China |
|---|---|
| HCAGR (From 2017 to 2022) | 11.1% |
| CAGR (From 2023 to 2033) | 12.1% |
| Country | Japan |
|---|---|
| HCAGR (From 2017 to 2022) | 9.5% |
| CAGR (From 2023 to 2033) | 10.3% |
| Attributes | Details |
|---|---|
| United States Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 568.8 Million |
| United States Market Absolute Dollar Growth (USD million/billion) | USD 233.0 Million |
The United States QR codes market may offer a remarkable opportunity at USD 233 million between 2023 and 2033. Due to the massive manufacturing and adoption of QR code labels, North America is predicted to have a profitable development throughout the projection period.
By 2033, the United States market to have grown at a CAGR of 5.4%, totaling USD 568.8 million. Besides, the booming food and beverage industries in the United States are poised to hasten the market expansion in the United States.
| Attributes | Details |
|---|---|
| Germany Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 124.0 Million |
| Germany Market Absolute Dollar Growth (USD million/billion) | USD 51.4 Million |
Over the forecast period from 2023 to 2033, the QR code labels market in Germany presents an exceptional incremental opportunity of USD 51.4 million. Germany was the fourth-place pharmaceutical market in the world in 2023, per Germany Trade and Invested.
By 2033, the German market to have grown at a CAGR of 5.5%, totaling USD 124 million. FMI projects that the expanding pharmaceutical industry in the nation may increase demand for QR code labels for medicinal products.
| Attributes | Details |
|---|---|
| France Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 138.3 Million |
| France Market Absolute Dollar Growth (USD million/billion) | USD 75.8 Million |
The France QR codes market is to develop at an 8.3% CAGR and reach USD138.3 million by 2033. The increasing adoption of QR code labels as a straightforward physical tool for quick access to websites for advertising and social interaction, in addition to a growing demand for QR code labels on various packaged goods like seafood and liquor bottles, are additional factors anticipated to propel market revenue growth.
| Attributes | Details |
|---|---|
| China Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 645.2 Million |
| China Market Absolute Dollar Growth (USD million/billion | USD 437.2 Million |
Due to the rising usage of connected packaging and on-pack QR codes, the Chinese QR code market revenue soared at a quick CAGR of 12.1%. The increasing use of QR code labels on e-commerce and food and beverage containers. The increasing usage of QR code labels transforms traditional packaging into interactive packaging that provides crucial information on ingredients, manufacturing processes, and finished goods transportation.
| Attributes | Details |
|---|---|
| Japan Market Size (USD million/ billion) by End of Forecast Period (2033) | USD 277.1 Million |
| Japan Market Absolute Dollar Growth (USD million/billion) | USD 173.1 Million |
The Japanese QR codes market is to expand at a CAGR of 10.3% to USD 277.1 million by 2033. Customers are embracing QR codes to gain access to more product information, digital wallets, maps, restaurant menus, and digital entertainment content, which is driving up demand for QR code labels in the region.
The growing trend of customers preferring connected packaging experiences such as augmented reality, near-field communication, Radio Frequency Identification (RFID), and smart barcodes to access product information is likely to contribute to market revenue growth in the future.
The global QR code market remains competitive. Despite the large competitors, only a few well-known corporations control the market's dynamics. These groups are responsible for the market's movement, trends, and advances for QR code labels worldwide.
Due to this, the market is much more consolidated. It is quite challenging for new competitors to enter the industry because of these firms' strong control over the global QR code labels market.
The immigrants are employing strategies such as collaboration and teamwork to overcome this barrier. These approaches give gamers the resources they need to compete against some of the market's most respected participants.
But, the veterans are spending on research and development operations to preserve their supremacy in the global QR code labels industry. These techniques enable established firms to get new clients while keeping existing ones. Furthermore, these techniques give businesses an advantage over their competitors, allowing them to maintain their dominant position in the global market.
Recent Development:
Acquisition:
| Date | January 2022 |
|---|---|
| Company | CCL Industries Inc. |
| Details | CCL Industries Inc. announced the acquisition of McGavigan Holdings Ltd., a privately held company specialising in 'in mould' decorative components for automobile interiors. |
| Date | April 2021 |
|---|---|
| Company | Lintec Corporation |
| Details | Lintec Corporation announced that it has acquired Duramark Products, Inc., situated in South Carolina, United States. The company manufactures and distributes a variety of adhesive products. |
Launch:
| Date | February 11, 2022 |
|---|---|
| Company | Jammu and Kashmir administration |
| Details | To guarantee that clients are receiving genuine Kashmiri carpets, the Jammu and Kashmir administration announced the implementation of a QR-code on February 11, 2022. Important details such GI user, manufacturer, artisan, material used, knots per square inch, and other facilities may be recorded via the QR-code based label. |
| Date | March 28th, 2022 |
|---|---|
| Company | Dynamsoft |
| Details | The inclusion of barcode symbol decoding support for the code 11 often used in the telecommunications business and the Pharmacode barcode symbol, which are utilised in the pharmaceutical industry, was announced by Dynamsoft on March 28th, 2022. Several modes are part of Dynamsoft Barcode Reader's enhanced capability to handle broken Data Matrix and QR codes. |
The market is estimated to secure a valuation of USD 1.5 billion in 2023.
The market is estimated to reach USD 3.5 billion by 2033.
The food & beverages holds high revenue potential.
The United States, France, and Germany dominate the global market.
The market is forecast to register a CAGR of 8.7% through 2033.
1. Executive Summary | QR Code Labels Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Label Type 5.1. Sleeve Labels 5.2. Glue Applied Labels 5.3. Pressure Sensitive Labels 5.4. Other Labels 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Printing Technology 6.1. Flexographic Printing 6.2. Digital Printing 6.3. Offset Lithography 6.4. Gravure Printing 6.5. Other Printing Technology 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food & Beverage 7.2. Pharmaceuticals 7.3. Personal Care & Cosmetics 7.4. Automotive 7.5. Homecare & Toiletries 7.6. Chemicals 7.7. Industrial 7.8. Others 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. Asia Pacific 8.6. Middle East and Africa 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Competition Analysis 16.1. Lintec Corporation 16.2. CCL Industries 16.3. Packtica SDN BHD 16.4. Label Logic, Inc. 16.5. Hibiscus PLC 16.6. Data Label Co. United Kingdom 16.7. Advanced Labels NW 16.8. Coast Label Company 16.9. Label Impressions Inc. 16.10. PPG Industries 16.11. Consolidated Label & Co 16.12. Fastroll Labels Sdn, Bhd 16.13. Multi-Color Corporation 16.14. Brady Corporation 16.15. Herma GmbH 17. Assumptions & Acronyms Used 18. Research Methodology
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QR Code Labels Market
