In a recent research report by Maximize Market Research, the QR Code Labels Market is expected to surpass US $2105.85 million by the year 2026, from US $XX million in 2019.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than XX%, during the tenure of 2020 – 2026.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of QR code labels in the region, the Value – Chain Analysis, and the PORTER’s analysis for the QR code labels market at a global level.
Manufacturers benefit greatly from QR code labels since they have limited space on product packaging. Barcodes were first used in the automobile sector. The barcodes were printed on vehicle spare parts, but they were finally exposed to the hostile industrial environment, whereas QR code labels can withstand up to 30% damage or dirt.
The study is consolidated based on two major segments and further into sub-segments, Material Type (Paper, Plastic, PET, PVC), Label Type (Sleeve Labels, Glue-applied Labels, Pressure-sensitive Labels, Other Labels), Printing Technology (Flexographic, Digital Printing, Offset Printing, Gravure Printing, Other Printing Technologies), and End User (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, Automotive, Chemicals, Others), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- Tapp Label Technologies, Inc., Avery Products Corporation, Unipress Corporation, Afinia Label, Inc., Lintec Label & Print Solutions, Country Labels, Label Logic, Inc., Data Label Co. UK, Consolidated Label & Co., Label Impressions, Inc., Packtica SDN Bhd, CCL Industries, Hibiscus PLC, Advanced Labels NW, Coast Label Company in the global QR code labels market.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global QR Code Labels Market.”
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