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Sticker Printer Market Growth Projections and Opportunities
Sticker printing services are witnessing high demand globally, driven by the increased production of consumer goods and various items. The inkjet printing method has undergone advancements, enabling the production of high-quality, full-color labels with reduced labor and waste. Businesses of all sizes, including small and large enterprises, as well as individuals, are adopting sticker printers for diverse purposes. These printers come with varying prices and features, catering to different needs. The growing adoption of sticker printer products, coupled with a shift towards variable data print and customization, is expected to fuel market growth in the forecast period. However, the high costs associated with these printers present a challenge to market expansion. Additionally, the integration of Artificial Intelligence (AI) in digital printing is anticipated to create opportunities for players in the global sticker printer market.
As of 2020, the global sticker printer market was valued at USD 2,705.5 million, and it is projected to grow at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2027.
The market segmentation is based on material type, format, connectivity, application, and region. Material types include vinyl, Biaxially Oriented Polypropylene (BOPP), holographic, glitter, and others. The format segment comprises pages, kiss-cut singles (handouts), rolls, die-cut singles, and sheet labels. Connectivity options are categorized as wired and wireless. Applications for sticker printers span across manufacturing, healthcare, food & beverage, logistics, consumer durables, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Key players in the global sticker printer market include EastRoyce Technology CO., Ltd, GuangZhou Winprt Technology Co., Ltd, XIAMEN ATP TECHNOLOGY CO., Ltd, Minjcode, Shenzhen Justtide Tech Co., Ltd, LASA Electronics Technologies CO., Ltd, Canon Inc., Xprinters, VIP COLOR, Hewlett-Packard Development Company, LP, and EPSON CORPORATION. The driving factor behind the market's growth is the increased use of emerging innovative and smart technologies.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 2,982.9 Billion |
| Market Size Value In 2023 | USD 3,152.9 Billion |
| Growth Rate | 7.5% (2023-2032) |
Sticker Printer Market Highlights:
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