Dot Matrix Labels Market Overview
The identification of each and every unit produced is a necessary but a difficult task, which is greatly simplified by various numbers or unique code assigned to each product just after its production. Barcodes and QR codes are majorly preferred for this purpose. Thus, making the unique code of the product visible, a label printed with the code is attached to the product. Although the printing of these labels can be done with various methods, dot matrix printing is widely adopted due to its low cost and high availability. Dot matrix labels are simple paper labels with a suitable adhesive and printed with a dot matrix printer. Due to the simplicity and high availability of the dot matrix labels, the market for this product seems to be very large and evergreen across the globe.
Dot Matrix Labels Market Dynamics
The various types of labels already have an established and expanding market due to the necessity of identification of each and every unit produced. Moreover, the paper is the material easily available in high volume, completely recyclable and biodegradable and provides ease of printing. Among various methods of printing labels, dot matrix is preferred in most of the applications as it costs much lower than any other printing method. The printing quality of the dot matrix printers is not much aesthetical, but due to the small size of the label and requirement of the barcode or QR code label with only manufacturers’ point of view, achieving higher aesthetics is not a concern.
Thus, the dot matrix labels with paper as the base material are expected to have a stable and large market. On the other hand, the market of the dot matrix labels market completely depends on the market of barcodes and QR codes. Thus, the dot matrix labels market is restricted by the new methods of coding such as RFID (radio frequency identification devices) tags, which has much higher capabilities over barcodes and QR codes and attracting the end-use industries towards the technology. Therefore, the dot matrix labels market is restricted by the advancement in technology for identification replacing the QR codes and barcodes from the end-user industries.
Dot Matrix Labels Market Segmentation
The dot matrix labels can be segmented on the basis of usability of the label as
- Permanent labels
- Removable labels
The dot matrix labels can be segmented on the basis of number of labels across the web width as
The dot matrix labels can be segmented on the basis of end-user industry as
- Food & beverage
- Industrial products
- Consumer goods
The dot matrix labels can be segmented on the basis of geographical regions as
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa (MEA)
- Asia Pacific excluding Japan (APEJ)
Dot Matrix Labels Market Regional Outlook
Due to high simplicity and introduction of the technology long ago, the market of dot matrix labels seems to be a large and established market all over the globe. Moreover, the reduced size of the dot matrix label printer has enabled the applicability of the dot matrix labels, such as used in public transports for tickets, labelling for domestic purposes and various others.
Therefore, the regional market for the dot matrix labels can be estimated on the basis of end-use products in the region. North America is anticipated to account for a large market share due to large healthcare, food and beverage industry. Western Europe accounts for the major share of global exports of pharmaceutical products, and is also a large producer of industrial products. The high GDP of both the developed regions signifies the higher use of compact dot matrix label printers for domestic purposes. Asia Pacific has a large requirement of FMCG (fast moving consumer goods) along with significant healthcare, food, beverage and textile industry, signifying a large market in the region.
Dot Matrix Labels Market Key Players
Some of the key players of the dot matrix labels market are
- GA International
- CCL Label Limited
- Thermopatch Corporation
- ShenZhen JLH Industrial CO.,LTD
- 3M Company
- Mercury Labels Ltd.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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