Global Label Printing Machines Market: Overview
According to a new market report pertaining to the global label printing machines market published by Transparency Market Research the global label printing machines market is projected to reach a value of US$ 7.8 Bn by 2027, expanding at a CAGR of ~5% from 2019 to 2027. Growth of the label printing machines market can be attributed to high demand from manufacturing, retail, transportation & logistics, and packaging industries. Asia Pacific is anticipated to lead the global label printing machines market, followed by North America, during the forecast period.
label printing machines market infographic
Request a sample to get extensive insights into the Label Printing Machine Market
Identity Protection for Products Accelerating Label Printing Machines Market Growth
Identity protection for products is a big challenge for manufacturers these days. Manufacturers are constantly struggling to give their products unique identification to make them look different from the products of competitors. Unique identification is not only required for easy differentiation by consumers, it is also a significant anti-counterfeiting measure for products. Labels have made it easier to detect fakes, as it is difficult to counterfeit a label with stringent security features. Fake labels can easily be identified by consumers, and they refrain from purchasing products with such labels. The label printing machines market is growing due to the rise in demand for such labels. Every manufacturer is trying to introduce a new printer that can print labels with more security and identification features.