Digital Label Printers Market: Introduction Transparency Market Research delivers key insights for the digital label printers market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2019–2029. In terms of revenue, the global digital label printers market is projected to grow at a CAGR of 6.5% during the forecast period, owing to several factors, about which TMR offers detailed insights and forecasts in the digital label printer’s market report. Digital label printers are an efficient and effective solution for manufacturers in the labelling industry to their manufacturing productivity and accuracy. Digital label printing does not require the creation of press plates, which shortens setup time. This can lead to faster production time and order turnaround. As digital printers recreate the image with each print and do not use the same plates as in offset or flexographic printing they provide the freedom to print multiple versions of the same label. TMR team segmented the analysis of the digital label printers market based on technology type, ink type, speed, end use and region. As per TMR analysis, by technology type, the inkjet printers segment in the global digital label printers market is anticipated to account for substantial market share and is expected to drive the overall digital label printers market throughout the forecast period. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82878 Increasing Demand for Digitally Printed Labels from Pharmaceutical, Medical Devices Companies In the healthcare industry, pharmaceutical products and medical devices have witnessed tremendous growth in the past decade. The rapid growth is on the back of huge research and development investments made by pharmaceutical drugs and medical devices manufacturers. The growth in the industry is coupled with the increasing demand for custom and sophisticated labels. The labels in the healthcare industry are not only used for branding and marketing purposes but various other applications. The labels on the pharmaceutical products have to carry regulatory information, drug details, counterfeit protection solutions and tracking solutions. As a result, there is significantly high importance for labels in the healthcare industry as compared to the others and digital label printers are preferred by the manufacturers in the industry for their efficiency, accuracy and convenience. The consistent evolution of the healthcare industry is anticipated to bolster the market demand for digital label printers in the market. Innovation in Digital Label Printers Market to Bolster Market Growth In the digital label printers market, manufacturers have the opportunity to capture maximum market share by introducing products with features that are restraining the market growth. The higher cost of the inks in the inkjet label printers is the reason many end use industry players are still using traditional alternatives. Further, some types of inks that are available in the market are required to be kept in specific temperature ranges to achieve the desired shelf life, which adds to the operational costs. The increasing popularity of automation and integrating the production lines require the machines to be made compatible with industry 4.0, which is highly desired by the brand owners. The warm-up time required by the printers if minimized can prove to be a boon for the end users as it will increase the efficiency and productivity of the process. All these factors have the potential to become a great opportunity for the players in the digital printed labels market. Growing Preference of Players in Labelling Industry for Digital Label Printers
Digital Label Printers Market Growth, Trends, and Forecast, 2021-2029
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.