QR Code Labels Market To Power Prominently With A CAGR Of 5.84% From 2024 To 2032 - ZMR

As per Zion Market Research, theglobal QR Code Labels Market, estimating its value at USD 2056.47 Million in 2023, with projections indicating that it will reach USD 3427.45 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.84% over the forecast period 2024-2032. Major players active in the global market are Consolidated Label & Co, Lintec Corporation, Packtica SDN Bhd, CCL Industries, Hibiscus PLC, Label Logic, Inc., Advanced Labels NW, Data Label Co. UK., Label Impressions Inc., and Coast Label Company.

Perks Such As Different Cashbacks, Discount Coupons, And Helpful Data Related The Good To Power The Market Growth

The QR code labels market is expected to observe positive development due to its high-amassing capacity. QR code labels can amass almost 2,953 alphanumeric characters or 7,809 numeric characters with spaces. QR code labels have a much elevated saving capacity in comparison to traditional barcodes with a 20 numeric characters capacity. In addition to this, QR code labels can amass more data in a limited space. QR code labels are very useful for makers as they have restricted real estate on goods packaging. Earlier, barcodes were a fraction of the automotive sector. The barcodes were seen on spare parts in automobile sector, but ultimately were subjected to the harsh environment of the factory, whereas QR code labels can go through almost 30% of dirt or damage.

QR code labels make it simple for the users to access different cashbacks, discount coupons, and helpful data related the good. Owing to the existence of QR code labels on user goods, users do not have to keep in mind the website or the URL. In case of food, recipes, nutritional facts, and product data are often not seen on the label owing to limitations of space. In such instances, the QR code is connected to a website where all this data is available to the user. The food sector is predicted to add up for the uppermost share in the global market for QR code labels.

North America To Display Impressive Development In The Consumption And Production Of QR Code Labels

North America has displayed impressive development in the consumption and production of QR code labels, such that it powers over remaining nations in the Asia Pacific region, and further. The QR code labels market in China presently adds up for over 40% of the consumption for QR code labels alone in Asia Pacific. The QR code labels market in North America was boosted significantly, due to the rise in the food & beverage industry that is predicted to carry on the momentum of developing in the years to come. Makers are predicted to aim Asia Pacific for possible expansion of business. Hence, the outlook for the global market for QR code labels is predicted to be positive in the years to come.

Browse the full “QR Code Labels Market - By material type (Plastic, Paper, PVC, PET, and Vinyl), By end use (Cosmetic & personal care, Food, Beverages, Retail, Automotive, Industrial goods, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/qr-code-labels-market

The global QR code labels market is segmented as follows:

By material type

• Paper
• Plastic
• PET
• PVC
• Vinyl

By end use

• Food
• Cosmetic & personal care
• Retail
• Beverages
• Industrial goods
• Automotive
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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