To store and retrieve data quickly, barcode labels are used. Barcode labels feature a line-by-line representation of the business and information about the goods. They are made up of narrow, parallel black lines with gaps of varied sizes that give businesses access to real-time data.
Some barcode labels have both numbers and images, which boosts their effectiveness. Barcode labels market include information about the name of the manufacturer, the type of product, the product number, and the price. When there is a need to boost productivity, effectiveness, and profitability throughout the supply chain, barcode labels come in handy.
A long time ago that a lot of people have been able to recall the famil and aforementioned. Post offices, passport offices, airports, bike and vehicle rental companies, and other locations also utilise barcode labels.
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Barcode Labels Market: Trend
The barcode labels market is continuously influenced by advancements in high-end technologies. Nowadays, user-friendly barcode label scanners are available in smartphones which increases convenience. The latest barcode in the form of Quick Response codes stores 100 times more information in smaller space and arranging data in 2 directional way. This consist of minimum error margin.
Barcode Label market: Dynamics
Barcode labels help to extract accurate data of the product or services within microseconds; hence the driving force for using barcode labels is to reduce human error. The second major factor for using this technology is data security. Every organization want to encrypt their data with high level security which will not be easily traceable by the outsiders.
It is very challenging to manage inventory location, and it’s pricing at mass level by the employee which might involve training. Companies can reduce training time and cost by using this system. Barcoding saves company time in terms of data re-entry. This also helps to trace outgoing shipments and equipment, and helps in optimizing the supply chain
Despite the positive outlook, few technologies might hamper the growth of barcode label market. Radio Frequency Identifier (RFID) has an IC chip that stores and retrieves data. These IC chips have more capacity to store data compared to barcode labels. However, barcodes are more economical as compared to RFID technology.
RFID consists of big programs which increase data recovering process time which is very less in barcode labels. Barcode labels work effectively on metals and water and the advance barcode technology also work in dust regions. On the reverse side, RFID does not function in such conditions. The collision of data happens when RFID is used for multiple code scanning at the same moment which is not possible in the case of barcode labels.
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Barcode Label market: Key Players
Following are the barcode label manufacturers operating in the industry –
- Aditya Barcode Technologies
- TSI America
- Inotec Barcode Security GmbH
- General data Company, Inc.
- Brady Corporation
- Symbology Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Barcode Label market: Segmentation
Depending upon code writing technology, the combination of numbers and alphabets and as per industry standards barcode labels are segmented as:
By technology, Barcode labels market is segmented into,
- 1 Directional barcode labels
- 2 Directional barcode labels
- HD barcode labels
- Holographic transparent barcode labels
By combination, barcode labels are segmented into
- Numeric barcode labels
- Alphanumeric barcode labels
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By industry standards, barcode labels are segmented into
- Code 39
- Code 128
- Interleaved 2 of 5
- Universal Product Codes (UPC)
- International Article Number (IAN)
- PDF 417
- Data Matrix
- Quick Response Codes (QR code)
- GS1 DataBar
- Aztec Code
- POSTNET
- Code 11
- ITF 14
By printing methods used for barcode labels, it is segmented into:
- Direct thermal barcode labels
- Thermal transfer barcode labels
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