Sticker Printer Market Insights
The global Sticker Printer Market is likely to witness continual growth. Over recent years, the demand for sticker printers has boosted significantly due to burgeoning pharmaceutical industries worldwide. Market Research Future (MRFR) confirms that the global sticker printer market will grow from USD 2,982.9 MN in 2022 to USD 6,050.7 MN by 2032, with a 7.5% CAGR during the forecast period (2023-2032).
Moreover, the increasing demand from food beverage items consumables, healthcare, and retail sectors accelerate market revenues. Augmenting demand from consumer goods and packaging industries escalates the adoption of sticker printers. The advent of new sticker printing solutions capable of printing a wide range of applications boosts the sticker printer market size.
Major Players:
Leading sticker printer market players are
- GuangZhou Winprt Technology Co., Ltd.,
- EastRoyce Technology Co., Ltd.,
- Minjcode,
- Shenzhen JusttideTech Co., Ltd.,
- XIAMEN ATP Technology Co. Ltd.,
- Canon Inc.,
- LASA Electronics Technologies Co. Ltd.,
- Xprinters,
- Hewlett-Packard Development Company,
- LP,
- VIP COLOR, and
- SEIKO EPSON Corporation, among others.
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Sticker Printer Market – Segments
The market forecast is segmented into materials, formats, applications, and regions. The material segment is sub-segmented into Vinyl BOPP (Biaxially Oriented Polypropylene), holographic, glitter, and others. The format segment is sub-segmented into kiss-cut singles, die-cut singles, roll labels, sheet labels, page stickers, and others.
The connectivity segment is sub-segmented into wired and wireless. The application segment is sub-segmented into manufacturing, healthcare, food beverage, logistics, consumer durables, and others. By region, the sticker printer market is segmented into Europe, North America, Asia-Pacific, and Rest-of-the-World.
Global Sticker Printer Market – Regional Analysis
North America dominates the global sticker printer market. The rise in sticker printing needs across industries in Canada and the US drives market growth. Besides, the augmenting demand from the e-commerce sector due to the increased transportation needs of packaged goods boosts the sticker printer market size. The rise in the manufacturing sector and the import of medications escalate the market value.
Also, the growing need for better inventory management and import export of commodities and packages substantiate the sticker printer market revenues. The demand for high-resolution color sticker printers from the logistics and transportation sectors propels the sticker printer market growth. The North American sticker printer market is expected to expand at a 7.5% CAGR from 2023 to 2032.
APAC is a rapidly growing market for sticker printers due to a huge consumer base in distribution and logistics. The spurring rise in retail manufacturing, transportation logistics, and healthcare sectors also boost the region's sticker printer market share. The strong presence of manufacturers and vast pharmaceutical sectors in this region helps to earn high revenues. With their largest consumer goods markets, APAC countries like Japan, Indonesia, China, Hong Kong, and India support regional market growth.
Sticker Printer Market – Competitive Analysis
Highly competitive, the sticker printer market appears fragmented due to many notable players forming a competitive landscape. Key strategic initiatives traced from the recent market developments include agreement partnership, product launch, acquisition, and expansion. Companies invest substantially in innovations, new product development, and expanding their global footprints.
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Industry/ Innovation/ Related News:
June 19, 2023 --- Primera Technology, a specialized digital printing equipment manufacturer, launched a digital label printer, AP-CODE Lot and Date Coder. The new equipment can print onto glass, metals, plastics, and laminated labels. AP-CODE is designed to be used with Primera's AP360 and AP362 Label Applicators, including new and existing installed units.
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