Barcode Label Market to Witness Robust Expansion Throughout the Forecast 2019 – 2029
Monday, June 03, 2019
Press release from the issuing company
Barcode Label market: Overview
Barcode labels are used in different sectors like FMCG, healthcare, transportation, and banking. Barcode labels are also used in places like post offices, passport offices, airports, car and bicycle rental service providers, and colleges.
Barcode Label market: Dynamics
It is very challenging to manage inventory location, and it's pricing at mass level by the employee which might involve training. Companies can reduce training time and cost by using this system. Barcoding saves company time in terms of data re-entry. This also helps to trace outgoing shipments and equipment, and helps in optimizing the supply chain
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Despite the positive outlook, few technologies might hamper the growth of barcode label market. Radio Frequency Identifier (RFID) has an IC chip that stores and retrieves data. These IC chips have more capacity to store data compared to barcode labels. However, barcodes are more economical as compared to RFID technology. RFID consists of big programs which increase data recovering process time which is very less in barcode labels. Barcode labels work effectively on metals and water and the advance barcode technology also work in dust regions. On the reverse side, RFID does not function in such conditions. The collision of data happens when RFID is used for multiple code scanning at the same moment which is not possible in the case of barcode labels.
Barcode Labels Market: Trend
Barcode Label market: Segmentation
By technology, Barcode labels market is segmented into,
· 2 Directional barcode labels
· HD barcode labels
· Holographic transparent barcode labels
By combination, barcode labels are segmented into
· Alphanumeric barcode labels
By industry standards, barcode labels are segmented into
· Code 128
· Interleaved 2 of 5
· Universal Product Codes (UPC)
· International Article Number (IAN)
· PDF 417
· Data Matrix
· Quick Response Codes (QR code)
· GS1 DataBar
· Aztec Code
· Code 11
· ITF 14
By printing methods used for barcode labels, it is segmented into:
· Thermal transfer barcode labels
Barcode Label market: Regional Outlook
In the banking sector, Developing countries are anticipated to register healthy growth rates during the forecast period.
The demand for barcode labels from pharmaceutical companies is expected to be more in regions such as North America, Western Europe, and Asia Pacific countries.
To have better networking and automation in libraries, barcode labels have higher growth in demand in universities in countries such as Brazil and India etc.
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Barcode Label market: Key Players
· Aditya Barcode Technologies
· TSI America
· Inotec Barcode Security GmbH
· General data Company, Inc.
· Brady Corporation
· Symbology Inc.
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