The global Digital Label Printers market size is forecasted to reach from US$ xx billion in 2020 to US$ 8.2 Billion by 2027, growing at a CAGR of 6.0% from 2021 to 2027, as per reports by market research and consulting organization Nova one advisor.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2021, the forecast period considered is from 2021 to 2027. The Digital Label Printers market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.
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Digital label printers are an efficient and effective solution for manufacturers in the labelling industry to their manufacturing productivity and accuracy. Digital label printing does not require the creation of press plates, which shortens setup time. This can lead to faster production time and order turnaround. As digital printers recreate the image with each print and do not use the same plates as in offset or flexographic printing they provide the freedom to print multiple versions of the same label. Nova one advisor team segmented the analysis of the digital label printers market based on technology type, ink type, speed, end use and region. As per Nova one advisor analysis, by technology type, the inkjet printers segment in the global digital label printers market is anticipated to account for substantial market share and is expected to drive the overall digital label printers market throughout the forecast period.
Global Digital Label Printers Market explores the current outlook of the whole market. This report provides a comprehensive and insightful preface of the market, Revenues by players, Revenues by regions, market with value chain structure, Average prices, Competitive landscape, policy study, Dynamics analysis using admissible tools and techniques, market target segmentation and industry trends and developments during the forecast period 2021-2027.
This is the latest report, covering the current COVID-19 impact on various factors of market such as Future Analysis, Business Opportunities, Supply-Demand Analysis, Investment, Revenue and Cost Analysis by Key Companies 2027. The pandemic of Coronavirus (COVID-19) has affected not only health but every aspect of life globally. The rapidly changing market scenario and initial and future assessment of the impact are covered in the report.
|Market Size||US$ 8.2 Billion by 2027|
|Growth Rate||CAGR of 6.0% From 2021 to 2027|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2027|
|Report coverage||Growth Factors, Revenue Status, Competitive Landscape, and Future Trends|
|Segments Covered||Technology Type,Ink Type,Speed, End Use Region|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||Canon Inc., AstroNova, Inc., Domino Printing Sciences plc, Arrow Digital Private Limited, VIPColor Technologies Pte Ltd, Colordyne Technologies LLC, Seiko Epson Corporation, HP Inc., Mimaki Engineering Co. Ltd., Konica Minolta Inc., and Bitek Technology Inc. among others.|
Increasing Demand for Digitally Printed Labels from Pharmaceutical, Medical Devices Companies
In the healthcare industry, pharmaceutical products and medical devices have witnessed tremendous growth in the past decade. The rapid growth is on the back of huge research and development investments made by pharmaceutical drugs and medical devices manufacturers. The growth in the industry is coupled with the increasing demand for custom and sophisticated labels. The labels in the healthcare industry are not only used for branding and marketing purposes but various other applications. The labels on the pharmaceutical products have to carry regulatory information, drug details, counterfeit protection solutions and tracking solutions. As a result, there is significantly high importance for labels in the healthcare industry as compared to the others and digital label printers are preferred by the manufacturers in the industry for their efficiency, accuracy and convenience. The consistent evolution of the healthcare industry is anticipated to bolster the market demand for digital label printers in the market.
Innovation in Digital Label Printers Market to Bolster Market Growth
In the digital label printers market, manufacturers have the opportunity to capture maximum market share by introducing products with features that are restraining the market growth.
The higher cost of the inks in the inkjet label printers is the reason many end use industry players are still using traditional alternatives. Further, some types of inks that are available in the market are required to be kept in specific temperature ranges to achieve the desired shelf life, which adds to the operational costs. The increasing popularity of automation and integrating the production lines require the machines to be made compatible with industry 4.0, which is highly desired by the brand owners. The warm-up time required by the printers if minimized can prove to be a boon for the end users as it will increase the efficiency and productivity of the process. All these factors have the potential to become a great opportunity for the players in the digital printed labels market.
Growing Preference of Players in Labelling Industry for Digital Label Printers
The digital printing technology is gaining popularity among the manufacturers of labels owing to several benefits offered by it. The digital printers are available in a variety of capacities, printing technologies and competitive pricing in the market making them favorable for big as well as small players. As opposed to the traditional label printers the digital printers can be used to manufacture small batches and the labelling content can be easily customized as per requirement which is very advantageous to small players in the industry. The benefit of eliminating prepress steps like making plates with label content helps in saving a lot of time for the manufacturers. Further, digital printers also provide ease in printing finer details like serial numbers, barcodes, etc. in small fonts without distorting the image quality. The advanced features like the availability of UV ink help to keep the label print quality unharmed under exposure to different temperatures and light conditions. As a result of several benefits of digital printing many label makers and end-use industry players are preferring digitally printed labels for their products as they are comparatively economical, efficient and helps in attracting maximum customers.
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Recent report on the Digital Label Printers market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Digital Label Printers market analyzes the scenario for the period of 2019 to 2027, wherein, 2021 is the base year and 2021 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Digital Label Printers market for the forecast period of 2021-2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Digital Label Printers market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Digital Label Printers market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Digital Label Printers market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Digital Label Printers market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Digital Label Printers market is analyzed at both regional and country levels.
Some of the prominent players in the Digital Label Printers market include:
Canon Inc., AstroNova, Inc., Domino Printing Sciences plc, Arrow Digital Private Limited, VIPColor Technologies Pte Ltd, Colordyne Technologies LLC, Seiko Epson Corporation, HP Inc., Mimaki Engineering Co. Ltd., Konica Minolta Inc., and Bitek Technology Inc. among others.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Digital Label Printers Market by Technology Type
- Inkjet Printers
- Laser Printers
- Others (Electrophotographic, etc.)
Digital Label Printers Market by Ink Type
- Solvent Based
- Water Based
- UV Based
- Others (Latex Based, etc.)
Digital Label Printers Market by Speed
- Less than 30 meters/min
- 30 – 50 meters/min
- More than 50 meters/min
Digital Label Printers Market by End Use
- Food & Beverages
- Personal Care & Cosmetics
- Home Care
- Consumer Durables & Electronics Goods (CDEG) Industry
- Other Industries (Chemicals, Automotive, etc.)
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia],
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland],
- North America [United States, Canada, Mexico],
- South America [Brazil, Argentina, Columbia, Chile, Peru].
- Middle East & Africa [GCC, North Africa, South Africa],
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Digital Label Printers market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Digital Label Printers market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Key Questions are
- What are the key factors influencing the Digital Label Printers market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Why should you invest in this report?
If you are aiming to enter the global Digital Label Printers market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Digital Label Printers are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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