Global Label Printers
Market Report
2024
The Global Label Printer market is valued at USD 2,851.23 Million in 2018 and is expected to reach USD 4,666.77 Million by the end of 2030, growing at a CAGR of 5.00% between 2023 and 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Label Printer market is valued at USD 2,851.23 Million in 2018 and is expected to reach USD 4,666.77 Million by the end of 2030, growing at a CAGR of 5.00% between 2023 and 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Label Printers Market Sales Revenue 2024 | $ 4666.77 Million |
Global Label Printers Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
North America Label Printers Market Sales Revenue 2030 | $ 1 Million |
Europe Label Printers Market Sales Revenue 2030 | $ 1414.57 Million |
Asia Pacific Label Printers Market Sales Revenue 2030 | $ 1 Million |
South America Label Printers Market Sales Revenue 2030 | $ 191.1 Million |
Middle East and Africa Label Printers Market Sales Revenue 2030 | $ 164.23 Million |
Market Split by Type |
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Market Split by Application |
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Market Split by Technology |
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Market Split by Speed |
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Market Split by By End user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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A label printer can be referred to as, a computerized device that prints on label material and self-adhesive label sheets. Label printer is typically designed to be connected to a computer which has a software necessary in order to make up the label print. This is different to label maker that comes equipped with a keyboard and software and also can work as a stand-alone device to print onto the labels. There are a several variety of types of label printers which alter in their offerings completely depending on what they will be used for. Different types include desktop label printers for small to medium label printing requirements, then, commercial label printers are used for medium-volume label printing, and industrial label printers are typically used for heavy-duty continuous operation. Different variety of industrial label printers include the portable printers which can be used on-site such as in engineering, construction, and mining sectors.
There are two types of mechanisms used for printing onto labels, namely, direct thermal and thermal transfer. Direct thermal transfer uses heat sensitive paper to print onto labels and does not use any ribbon. These labels manufactured by this direct thermal process can generally only be printed in black, unless special pre-printed paper is used, and have a maximum shelf life of a year. These are therefore most popularly used in the foods industry where fresh produce is transported quickly and stored away from heat and sunlight as the labels have a tendency to fade over time. A thermal transfer uses a carbon ribbon and heat to transfer ink from the ribbon to the label for permanent printing. The ribbon can be any colour so the print is not limited to black. Generally, these labels are more robust and less light sensitive so are used in cases where longevity is important such as barcodes, outdoor labels and shelf marking labels. The thermal print head is made up of many tiny heating pins which each represent a pixel. Wax or resin based ink is then loaded to the printer in the form of a ribbon. This ribbon is then drawn through the printer between the paper and the print head. Signals from the computer are sent to these print head pins to either heat or cool them which then melt the ink onto the blank label surface to create the required image.
Rising adoption across organized retail for different labelling products will drive label printer sales, and surging development in the technological advancements in flexible packaging solutions is expected to induce growth of the label printer market are the factors that can be attributed to the growth of the label printers’ market during the forecast period. Whereas, introduction of multi-substrate narrows and wide web flexo presses is an opportunity which favours the growth of the label printer market. Therefore, overall, the global label printer market is expected to exhibit growth during the forecast period.
Retail label printer can be referred to as a printing device specifically designed for the requirements of retail industry. It is primarily used for printing barcodes, receipts, price labels, and other important documents required in a retail environment. These retail printers are majorly used in organized retail industry including grocery stores, supermarkets, specialty retail stores, and various other retail establishments in order to enhance efficiency and streamline operations. These days, it has become increasingly important and vital for any business across several different industries in order to have the ability to produce good-quality labels so as to stay ahead of competition in the market. The label printers have become an indispensable asset for an organization which enables the retail store owners to create highly professional and precise labels. Thus, the label printers provide product packaging labels, shipping labels, barcode labels, and identification tags which include a detailed product information.
In addition, label printers have already entered businesses in several industries, which include healthcare, travel, pharmacy, retail, and many more. The good quality label printer aids in maintaining the supply chain. Smart labelling can incorporate track and trace technology to help the organized retail industry to track products from factories to consumers throughout the entire supply chain. The labels are equipped with RFID tags that can help with the track and trace systems. Whereas, accuracy, patient safety, and compliance are paramount in pharmacy industry. In such scenarios, precise medication labelling and streamlined operations are extremely crucial.
Therefore, label printers have emerged as a vital asset for pharmacy businesses as they enable pharmacies to improve medical management and efficiency, thereby ensuring regulatory compliance. Thus, owning an efficient label printer is an investment which brings several advantages to organized retail industry. As, these label printers improve accuracy, ensures compliance, save cost & time, and also improve the professionalism and image of the company.
Packaging can have a huge influence on the success of a product. Businesses are seeking innovative and engaging packaging solutions to ensure that their products stand out from the competition. Packaging, packaging is one of the vital factors driving the purchasing decision—beating out online reviews, recommendations from friends, and television commercials. Rapid technological developments and shifting expectations are causing dramatic changes in the flexible packaging industry. Data-driven print for packaging that enables localization, customization, and even personalization can be paired with Augmented Reality (AR) experiences to enable interaction with a package and its contents. Flexible packaging is a delivery mechanism for all types of products, regardless of whether they have traditional or more modern requirements. It is also one of the few applications that is not being displaced by electronic technology. Flexible packaging provides the medium for communicating brand messaging while also offering an opportunity for digital (online and mobile) interaction. As an added benefit, today’s consumers are intrigued by well-designed and innovative packaging.
Initially, flexible packaging was a challenge for label printers. It used thin, unsupported film media that was problematic for presses, and there was often a need to reverse print or surface print. Digital flexible packaging has become a game-changer. It creates the opportunity to fast-track new package designs, eliminating any production issues before they occur. Digitally printed flexible packaging now delivers crisp registration and rich graphics that rival gravure quality. Extended color gamuts and a variety of substrate and coating options give products the shelf presence they deserve. Promotional, seasonal, highly targeted, and test market packaging can now be produced efficiently. With the variable data and graphics of digital printing, every piece can be unique. Finally, low-migration inks used with a number of label printing solutions meet FDA guidelines for safe printing of primary food packaging. Additionally, because digital technology represents only 1% of total flexible packaging production, there is an enormous opportunity for future growth.
Businesses like IMS Labels (Dublin, Ireland) specialize in the design, manufacture, and supply of label solutions. With today’s printing technologies, the application opportunities for these self-adhesive labels are limited only by the imagination. Businesses can use these labels to creatively communicate with and inform customers and prospects in virtually any industry— retail, healthcare, education, automotive, technology—the list goes on and on. Therefore, owing to all the above factors, the technological evolvement in flexible packaging solutions has resulted into increased demand for label printers.
Label printers consist of various mechanical and electronic components, such as print heads, rollers, sensors, and motors. With continuous usage, these components are subject to wear and tear, leading to a higher likelihood of malfunctions or failures. Routine maintenance, repairs, and replacement of parts become necessary, contributing to increased costs. Many label printers utilize ink cartridges and other consumables for printing. The recurring need to replenish these supplies adds to the overall maintenance expenses. High consumption rates or frequent replacement of ink cartridges can escalate costs, especially for businesses with heavy printing requirements.
There are some reasons, due to which some label printers/thermal printers may cost more than standard inkjet printers is because of the unique print technologies used within the printing unit. As zero ink printers, thermal printers and label makers are naturally reliant on sophisticated printer hardware, such as thermal print heads to get the job done. In a similar fashion as to why ink cartridges are so expensive. There are two types of thermal print heads for two specific types of thermal printers, these being direct thermal printers and thermal transfer printers. The main difference between the two is simply that direct thermal printers use special chemically-treated printer labels and tapes, whilst thermal transfer printers use a solid ‘ribbon’ of ink (like typewriter ribbons) rather than ink cartridges or carbon paper, the paper used to print receipts. Due to the unique hardware, a lot of intricate fabrication processes go into the production of thermal printers’/label printers. There’s no room for error and so it stands to reason that established thermal printer manufacturers factor the handling of these small parts and extensive quality assurance testing into the retail prices of their thermal printers. Therefore, owing to all the above factors, the high maintenance cost is likely to restrain the market growth.
The COVID-19 pandemic had a significant impact on the global label printer market, as it has on many other businesses. The virus's later-2019 pandemic severely impacted consumer behavior, production processes, and supply chains, which had an impact on several industries, including the market for label printers. Lockdowns, travel restrictions, and manufacturing interruptions were among the difficulties brought on by the pandemic, and they all made an impact in the market's overall growth.
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The company operates in several business segments, all of which contribute to its global success. Toshiba's experience in power generation, transmission, and storage is evident in the Energy Systems & Solutions business. Toshiba provides advanced solutions for diverse energy sources, including thermal, hydro, and nuclear power plants, with a strong emphasis on innovation and sustainability. Toshiba is also at the leading edge of renewable energy technologies, offering innovative options for wind and solar power generation. Toshiba's Energy Systems & Solutions business helps to shape the future of the global energy landscape by supporting cleaner and more efficient power generation and distribution. The company offers Ceramic material and Aluminum Nitride substrates through its subsidiary Toshiba Material Co. Ltd. Making it a prominent business in electronics and Semiconductors.
Honeywell International Inc. is a US-based technology and manufacturing company. The company operates through four reportable segments such as aerospace, Honeywell building technologies, performance materials and technologies, and safety and productivity solutions. The aerospace segment offers products and services including auxiliary power units, propulsion engines, environmental control systems, integrated avionics, wireless connectivity services, electric power systems, engine controls, and others.
Recent Developments:
In August 2020, Honeywell announced that it is assisting companies with complex supply chains to use blockchain technology for tracing from end to end, identifying and removing counterfeit parts, improving inventory management, and maintaining their brand reputation. Honeywell has partnered with iTRACE Technologies, Inc., which provides supply chain security applications for anti-grey market and anti-counterfeit. This partnership will integrate product verification technology with industrial printers to offer real-time verification, authentication, and track-and-trace of printed labels
Top Companies Market Share in Label Printers Industry: (In no particular order of Rank)
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North America accounted for the majority of the market share in 2022 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.28% during the forecast period. The label printer market in North America is expanding due to the well-established food and beverage industry and the presence of major market players in the region, such as Honeywell International Inc., SATO America, Colordyne Technologies, NeuraLabel, Domino Printing Sciences plc, TSC Auto ID Technology America, among others. These market players are investing in innovation and new product development to meet the changing demands of customers. For example, SATO introduced the S84/86NX Smart Print Engines for Labeling Automation in November 2022. Additionally, in March 2021, TSC Printronix Auto ID launched a thermal barcode label printer capable of printing and encoding RFID labels and inspecting to ISO quality standards in a single pass.
The current report Scope analyzes Label Printers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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North America accounted for the majority of the market share in 2022 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.28% during the forecast period. The label printer market in North America is expanding due to the well-established food and beverage industry and the presence of major market players in the region, such as Honeywell International Inc., SATO America, Colordyne Technologies, NeuraLabel, Domino Printing Sciences plc, TSC Auto ID Technology America, among others. These market players are investing in innovation and new product development to meet the changing demands of customers. For example, SATO introduced the S84/86NX Smart Print Engines for Labeling Automation in November 2022. Additionally, in March 2021, TSC Printronix Auto ID launched a thermal barcode label printer capable of printing and encoding RFID labels and inspecting to ISO quality standards in a single pass.
Moreover, different governments in North America have strict food labeling regulations. For instance, the National Library of Medicine requires that under section 403 of the FD&C Act, every food label must contain the name of the food, a statement of the net quantity of contents (typically net weight), and the name and address of the manufacturer or distributor. These labeling requirements can have applications for label printers, which is accelerating the growth of the market in North America. Apart from the above factors, other industries such as breweries, cosmetics, personal care, and transportation are also experiencing significant growth rates, which has further increased the demand for label printers in the region.
The label printer market in Europe is experiencing growth due to the increasing popularity of mobile label printers or portable labeling machines. It accounted for a market share of 30.43% in 2022 and is expected to grow with a CAGR of 4.94% during the forecast period. The integration of advanced technologies such as IoT and AI in barcode label printers is becoming more popular in the European region, enabling real-time tracking and improved efficiency. There is also a growing demand for mobile barcode label printers that allow for on-demand printing and increased mobility. For instance, in October 2022, Fujitsu Components Europe, B.V. launched a new 3-inch mobile printer (FTP-638WSL201) for use in environments where a regular mobile printer may not be sufficient. Additionally, in June 2023, BIXOLON Europe GmbH, a subsidiary of BIXOLON, introduced its next-generation SRP-350V and SRP-350plusV 3-inch (80 mm) Direct Thermal POS printers to the European market. SATO, one of the leading manufacturers in the development of auto-ID and labeling solutions, also launched the PV4 mobile barcode label printer in North America and Europe in January 2021.
According to the Cosmetics Europe study, the largest national markets for cosmetics and personal care products within Europe in 2022 were Germany (€14.3 billion), France (€12.9 billion), Italy (€11.5 billion), the UK (€10.5 billion), Spain (€9.3 billion), and Poland (€4.5 billion). As the cosmetic industry is growing in Europe, the requirements for labeling and packaging have also increased to meet the labeling regulations of products and to make products more attractive and informative. Thus, the demand for label printers has also increased in the cosmetics and personal care industry in Europe.
The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) of 5.85% during the forecast period. In 2022, it generated revenue of USD 852.20 million. The expansion of the retail and manufacturing sectors in this region is the primary driver of demand for label printers. The growing manufacturing sector in APAC, along with increased labeling requirements by the end-use industries, is boosting the sales of label printers. For example, according to the India Brand Equity Foundation, manufacturing exports have reached the highest-ever annual exports of US$ 447.46 billion with 6.03% growth during FY23, surpassing the previous year's (FY22) record exports of US$ 422 billion. The retail industry is also one of the fastest-growing sectors in India, accounting for over 10% of the country's GDP. India's retail industry is expected to reach a massive value of US$ 2 trillion by 2032, creating lucrative opportunities for label printer manufacturers as these printers are frequently used in the retail sector. Furthermore, the rapid growth of the packaging industry, increasing spending on packaged products, and expansion of the transportation & logistics sector will further boost the demand for label printers across the Asia Pacific region during the projection period.
The label printer market in Latin America is expected to grow at a compound annual growth rate (CAGR) of 5.20% during the forecast period. The region has witnessed a significant increase in its e-commerce sector, with over 50 million Latin Americans making their first online purchase during the COVID-19 pandemic. As a result, the demand for retail warehousing space has surged across the continent. Despite the ongoing pandemic, Brazil's warehousing sector has remained strong in 2021, with most industrial investment centered in and around São Paulo. Furthermore, the food and beverage industry in Latin America has also experienced significant growth in recent years, which has contributed to the market's expansion. The food and beverage products require proper labeling, including ingredient information, preservatives information, packaging date, expiration date, and others, which necessitate label printers. Therefore, the growing e-commerce and food & beverage industries are driving the market's growth.
The Middle East and Africa region accounted for a market share of 3.36% in 2022 and is expected to grow at a CAGR of 5.62% during the forecast period. The flexible packaging industry in this region has enormous potential to expand. Several regional developments have been observed due to various factors, such as initiatives for economic diversification in industries like food and beverages, among others. Additionally, the growth in countries such as Turkey, Kuwait, Iraq, and Qatar has created a profitable market for flexible packaging, leading to increased demand for label printers in this region. Moreover, the UAE government's introduction of Operation 300bn, a 10-year strategy driven by the Ministry of Industry and Advanced Technology, aims to expand the industrial sector's contribution from AED133 billion to AED300 billion by 2031. According to recent research by Emirates NBD, by 2031, the F&B sector is expected to grow by 210 percent compared to 2018. Therefore, the accelerated growth in food and beverage (F&B) manufacturing could also generate lucrative opportunities for the label printer market in the MEA region.
Global Label Printers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Label Printers Industry growth. Label Printers market has been segmented with the help of its Type, Application Technology, and others. Label Printers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In 2018, the Desktop Type revenue (USD Million) was USD 921.02 Million and it expected to reach at USD 1,363.22 Million in 2030
Desktop label printers are an ideal choice for smaller workplaces like offices or retail fronts. They take up minimum space and operate quietly. These printers are recommended for businesses that require light-use printing. A desktop barcode label printer can accommodate rolls up to 4 inches wide, which makes it perfect for printing less than 2000 labels daily. These printers come with various features and can be used without a PC connection.
Desktop printers can be configured with different print options, connectivity, and media handling. This versatility, combined with their small footprint, makes them an excellent choice for various label printing applications. They are suitable for printing low to moderate label volumes. Their fast print speeds and print quality make them a popular choice for printing pack slips, shipping labels, receiving labels, and more.
Well-known market players like HP, Canon, Epson, Brother, and others are present in the market. These manufacturers invest in innovations and new product launches according to the changing demands and requirements of the customers. For instance, HeyGears launched its first professional desktop 3D printer for consumers in June 2023. In addition, Canon launched a multi-purpose Desktop A1 Plus large format printer in India.
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In 2018, the Specialty, Organic, and Gourmet Foods and Beverages Label Printer revenue (USD Million) was USD 1,074.81 Million and it expected to reach at USD 1,642.66 Million in 2030
Specialty, organic, and gourmet foods and beverages accounted for a market share of 36.87% in 2022, and are projected to reach 35.20% by 2030. Label printers play an important role in the food and beverage industry, being used to label food and beverage products, packaging materials, and shipping containers. For example, a beverage manufacturer may use label printers to add labels to bottles with important product information such as ingredients, nutritional information, and allergen warnings. Some of the food label printers offered by the Brother company are Brother PT-D610BT, QL-820NWB, and others. Additionally, Epson provides Epson ColorWorks Printers for Custom Food Labels.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
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Type | Desktop Type, Industrial Type, Mobile Type |
Application | Specialty, Organic, and Gourmet Foods and Beverages, Wineries, Breweries and Distilleries, Cosmetics and Personal Care Products, Private Labelling, Others |
Technology | Thermal, Direct, Inkjet, Laser |
Speed | Less than 30 meters/min, 30-50 meters/min, More than 50 meters/min |
By End user | Consumer Good & Home Care, Healthcare and Pharmaceuticals, Chemical and Hazardous Materials, Food and Beverage, Automotive and Aerospace, Electronics, Textile and Apparel, Others |
List of Competitors | Toshiba Tec Corporation, Honeywell International Inc., SATO America, Brother Industries, Seiko Epson Corporation, Zebra Technologies |
This chapter will help you gain GLOBAL Market Analysis of Label Printers. Further deep in this chapter, you will be able to review Global Label Printers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Technology Analysis 2019 -2031
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Chapter 13 Market Split by Speed Analysis 2019 -2031
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Chapter 14 Market Split by By End user Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Label Printers market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Desktop Type have a significant impact on Label Printers market? |
What are the key factors affecting the Desktop Type and Industrial Type of Label Printers Market? |
What is the CAGR/Growth Rate of Specialty during the forecast period? |
By type, which segment accounted for largest share of the global Label Printers Market? |
Which region is expected to dominate the global Label Printers Market within the forecast period? |
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Additional Quantitative Data |
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