Market Research Future (MRFR) has published a cooked research report on the “global Sticker Printer Market” that contains the information from 2023 to 2032.
Sticker Printer Market Highlights
The Sticker Printer Market is predicted to reach USD 6,050.7 Million by 2032, registering a 7.5% CAGR during the forecast period, 2024–2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. As per MRFR analysis, the Sticker Printer market is expected to grow significantly over the forecast period due to several factors. The stickers are mainly used to represent a business in an attractive, effective, and cost-efficient way. Stickers are preferably used for promotional and self-expression purposes. They are made of thick, premium vinyl and are handed out individually or involved in the packaging.
The key factors driving the growth of the global sticker printer market are the rising adoption of sticker printer products and the shift toward variable data print and customization. However, high costs are expected to restrict the growth of the market during the forecast period. Further, the integration of Artificial Intelligence (AI) in digital printing is anticipated to create growth opportunities for the market.
Artificial Intelligence (AI) is expanding across different industry verticals. The packaging and labeling are not immune to these automated processes and smart technology. The automation of workflows, systems, and processes is modifying how the industry performs. This has helped the industries to enhance efficiency, reduce wastage and lead time, increase inspection cost and has helped to serve the brand, customers, and retail. The use of advanced technology solutions in the packaging and labeling industry can add considerable costs. The continuous development in the research institutions and large organizations for designing a smart sticker printer aims at helping the packaging and labeling industries enhance operational efficiency. For instance, in January 2020, Sato launched a new CT4-LX smart mini label printer equipped with a color touch panel LCD for intuitive operation, space-saving, and suitability across many sectors and geographic regions. This growing integration of Artificial Intelligence in digital printing across players is anticipated to create growth opportunities for the sticker printer market in future years.
Segmental Analysis
The global Sticker Printer market has been segmented on the basis of material type, format, connectivity, application, and region.
The global Sticker Printer market, based on material type, is segmented into vinyl, Biaxially Oriented Polypropylene (BOPP), holographic, glitter, and others.
By format, the sticker printer market is segmented into pages, kiss-cut singles (handouts), rolls, die-cut singles, and sheet labels.
On the basis of connectivity, the sticker printer market is segmented into wired and wireless.
On the basis of application, the market is segmented into manufacturing, healthcare, food & beverage, logistics, consumer durables, and others.
Regional Analysis
Geographically, the global Sticker Printer market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The European region holds a significant market share owing to rapid growth in Germany, France, and the rest of Europe. Manufacturing and industrial production and health and pharmaceuticals are two of Italy's fastest-growing businesses. Sticker printing is used in pharmaceutical and medical firms to manufacture more specialized medications and allow for the rapid production of medical implants and change the way doctors and surgeons arrange surgeries.
The Asia-Pacific sticker printer market is anticipated to grow at the highest CAGR of 8.0% during the forecast period. China has the highest proportion of the market in the area. The production printer market in China is being driven by the increasing usage of sticker printers in industrial verticals such as healthcare, textiles, retail, inventory management, and logistics. The printing industry in the country has remained stable, which is projected to improve the demand for sticker printers in the region.
Key Players
The key players in the global Sticker Printer market are EastRoyceTechnology Co., Ltd (China), GuangZhouWinprtTechnology Co., Ltd.(China), Xiamen ATP Technology Co., Ltd.(China), Minjcode (China), Shenzhen Justtidetech Co. Ltd (China), Lasa Electronics Technology is co, ltd (China), Canon Inc. (Japan), Xprinters (China), VIP Color Technology (Singapore), Hewlett-Packard Development Company, L.P. (US), and Epson Corporation (Japan).
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Report details
| Base Year | 2020 |
| Companies Covered | 15 |
| Pages | 188 |
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