The Latin America, Middle East and Africa Barcode Printer Market would witness market growth of 9.2% CAGR during the forecast period (2023-2029).
The use of thermal printing technology in modern on-demand printing applications is expanding, broadening the market. Furthermore, catchweight food labeling is the major application for direct thermal technology, which uses heat to create pictures on a heat-sensitive substrate. It produces good low-cost barcodes at moderate print rates and offers dependability and ease of use for short-life applications. Direct thermal technology is a good option for transit product tracking and identification labels, such as package distribution and pallet and outer case markings.
A surge in e-commerce led to a rise in the need for barcode printing. Through numerous initiatives taken by both market participants and vendors, this was achieved. There is a lot of interest in the development, from printing barcodes to barcoding stamps to reduce waste. A barcode may occasionally be placed on the outside of a booklet to recognize the stamp barcodes within.
The increased demand for industrial barcode printers across numerous industrial sectors is anticipated to be one of the primary drivers of growth. The expansion is driven by the increasing deployment of barcode printers, which streamline logistics processes. In addition, barcode printers help handle serial numbers and IoT numbers to manage the data. At the same time, the product goes through various pathways, offering an effective way to track products as they move through the supply chain, which promotes the use of barcode printers.
The UAE leads the Gulf Cooperation Council (GCC) in terms of e-commerce, with a market growth of 53% in 2020 and a record $3.9 billion in online sales, which accounted for 10% of all retail sales. A COVID technological shift played a significant role in that. By 2025, the UAE market's population is expected to have access to the Internet and mobile devices at a rate of nearly 100%, according to the Dubai Chamber of Commerce and Industry. Consumer electronics, as well as appliances, media items, computers, fashion accessories, women's clothing, cosmetics, and perfumes, are the product categories in this region that generate the most money from online sales. Thus, the increasing e-commerce, which is owed to the rising Internet penetration, will support the growth of the regional market in the coming years.
The Brazil market dominated the LAMEA Barcode Printer Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $122.9 million by 2029. The Argentina market is experiencing a CAGR of 9.8% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 8.9% during (2023 - 2029).
Based on Technology, the market is segmented into Thermal Transfer, Direct Transfer, Inkjet, Laser, and Others. Based on Product, the market is segmented into Industrial Printers, Desktop Printers, and Mobile Printers. Based on End User, the market is segmented into Manufacturing, Retail & E-commerce, Transportation & Logistics, Healthcare, Government, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Barcode Printer Market is Projected to reach USD 6.8 Billion by 2029, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Avery Dennison Corporation, Canon, Inc., Honeywell International, Inc., Sato Holdings Corporation, Zebra Technologies Corporation, Dascom, Printronix, LLC, Seiko Epson Corporation, Toshiba TEC Corporation (Toshiba Corporation) and Oki Electric Industry Co., Ltd.
By Technology
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