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QR Code Labels Market is Expected to Reach $2,105.85 Million by 2026 Says TMR

Wednesday, September 04, 2019

Press release from the issuing company

According to Stratistics MRC, the Global QR code labels market accounted for $907.83 million in 2017 and is expected to reach $2,105.85 million by 2026 growing at a CAGR of 9.8% during the forecast period. Some of the key factors such as rising use of code labels in inventory management and personal use and usage of these codes in storing information such as webpages, URLs, text, and contact information are driving the market growth. However, codes steadiness on a mobile device or smartphone act as the restraining factor for the QR code labels market growth.

QR code labels are mostly used in security labels and presently they are mostly being utilized for various applications. The manufactures of these labels are currently manufacturing a variety of waterproof labels, especially for harsh environments. They are robust and high-density and are capable of carrying abundant information as compared to conventional barcodes.

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By Label Type, Pressure Sensitive Labels segment is likely to grow due to the growing transportation and logistics industries and the need for product authentication, tamper evidence and security features have stimulated the market for these labels. Furthermore the increased application across the sectors such as food & beverages, pharmaceuticals and automotive has fueled the market used in packaging.

By geography, North America is estimated to have a lucrative growth in the forecast period, mainly due to the rising demand for these tags in this region owing to large manufacture and use of QR code labels. Furthermore, thriving food & beverages industry in countries such as the U.S. and Canada will inflate the scope of the market in the region.

Some of the key players in this QR code labels market include Advanced Labels NW, Avery, CCL Industries, Coast Label Company, Consolidated Label & Co., Data Label Co. UK., Hibiscus PLC, Label Impressions Inc., Label Logic, Inc., Lintec Corporation and Packtica SDN Bhd.

Material Types Covered:
Vinyl
Polyethylene Terephthalate (PET)
Poly Vinyl Chloride (PVC)
Label Types Covered:
Glue Applied Labels
Paper QR Code Labels
Plastic QR Code Labels
Pressure Sensitive Labels
Sleeve Labels
Other Labels
Printing Technologies Covered:
Offset Lithography
Gravure Printing
Flexographic Printing
Digital Printing
Other Printing Technologies
Applications Covered:
Personal Use
Mobile Payments
Marketing & Advertisement
Inventory Management
End Users Covered:
Retail
Pharmaceuticals
Military
Industrial Goods
Homecare & Toiletries
Food
Electronics & Electricals
Cosmetic & Personal Care
Chemicals
Beverages
Automotive
Aerospace
Other End Users
Regions Covered:
North America
o US

o Canada

o Mexico
Europe
o Germany

o UK

o Italy

o France

o Spain

o Rest of Europe
Asia Pacific
o Japan

o China

o India

o Australia

o New Zealand

o South Korea

o Rest of Asia Pacific
South America
o Argentina

o Brazil

o Chile

o Rest of South America
Middle East & Africa
o Saudi Arabia

o UAE

o Qatar

o South Africa

o Rest of Middle East & Africa

What our report offers:

- Market share assessments for the regional and country level segments

- Strategic recommendations for the new entrants

- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
o Comprehensive profiling of additional market players (up to 3)

o SWOT Analysis of key players (up to 3)
Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Visit More Information: https://www.trendsmarketresearch.com/report/discount/12140 

 

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