Hi, what are you looking for?
Manufacturers of QR Code Labels to See Strong Revenue Growth | In-Depth Analysis of COVID-19’s Impact on the Global QR Code Labels Market From 2022 to 2027, the global QR code labels market is expected to grow at a CAGR of 8.9%, from US$ 1.3 billion in 2022 to US$ 2.1 billion in 2027.
According to Future Market Insights, the food & beverage and industrial end uses of QR code labels market will offer a cumulative incremental opportunity of around US$ 598 Mn from 2022 to 2027, and these segments are expected to collectively capture approximately 2/3rd of the global QR code labels market by the end of 2027.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2818
The report by FMI has covered deep dive profiles of some of the key players active in QR code labels marketplace, including Lintec Corporation, Hibiscus PLC, CCL Industries, Label Logic, Inc., Packtica SDN Bhd, Advanced Labels NW, Data Label Co. UK., Coast Label Company, Consolidated Label & Co., and Label Impressions Inc.
Equally significant as packaging, product labeling has also emerged as an extremely important factor influencing the purchasing behavior of consumers. The 2D nature and machine (mobile device) readability of QR code labels continue to highlight their robust potential in terms of adoption. Apart from food and beverages, healthcare, pharmaceuticals, and personal care industries have been adapted to the paradigm shift of barcode-to-QR code, in recent past.
Increasing criticality of addressing serious industrial consequences of products and label counterfeiting is compelling operators in the various industrial domains to embed QR code labels over the conventional counterpart, i.e. barcode.
Exploring a broader application in the food and beverages industry that accounts for a substantial revenue share in QR code labels market, the QR code labels efficiently link consumers to the product authentication information, which is otherwise a challenge in case of labels that are limited by the lack of space availability.
Top Trends Shaping Strategic Activities of QR Code Labels Manufacturers –
A majority of established companies manufacturing QR code labels are shifting their focus to waterproof QR code labels that efficiently withstand harsh weather conditions. Growing incorporation of QR code labels in seafood products and liquor bottles marks another strong trend in the QR code labels landscape, observed in recent years.
Russian wholesalers and retailers dealing in alcoholic beverages have commenced mass QR code labelling for all liquor bottles, as a brand new effort to adapt to their electronic tracking and monitoring systems. While this trend is now also applicable for both premium spirit and beer, it is likely to enable Russian alcohol industry to maintain a track of export, import, and sales, in addition to production, distribution, and sales.
Australia based QR code labels manufacturers have been investing efforts in tracking seafood and meat products through the transit and thereby allow consumers to remain informed of products’ history and current status.
In a recently released intelligence outlook, Future Market Insights forecasts a strong growth outlook for global QR code labels marketplace over next few years. Superior functional attributes of QR code labels over conventional barcodes will remain the primary booster for manufacturers of the former in global landscape.
Enjoying extensive applicability in security, inventory management, mobile payment, and marketing & advertisement, QR code labels will reportedly continue to gain higher traction owing to high storage capability for text, URLs, webpages, and contact information. Up to 30% damage tolerating ability is also cited as an important factor pushing adoption of QR code labels across industries.
Key Insights Drawn from Report –
Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-2818
Plot No: JLT-PH2-X2A
The post QR Code Labels Market is Expected to Grow at a CAGR of 8.9% by 2027 | Share, Industry Growth, Competitive Landscape appeared first on Future Market Insights.
A 10-day South Pacific island-hopping tour by China's top diplomat focused world attention on a usually overlooked region.
US President Joe Biden pleaded with lawmakers Thursday to take action on gun violence plaguing the country.
The National Hurricame Center has missued a tropical storm watch has been issued for Florida’s Gulf coast,
Chinese foreign minister Wang Yi (C) talks to Papua New Guinea's leader James Marape (L) in Port Moresby - Copyright AFP Andrew KUTANChina and...
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.