The market is anticipated to expand at a valuation of US$ 2,305.02 million by 2026, as a result of the surging trend of smart packaging.
The RFID printers market is predicted to be worth US$ 1,871.07 million in 2023 and rise to US$ 3,750.05 million by 2033. The global industry is expanding at a CAGR of 7.2% from 2023 to 2033.
The use of RFID tags has increased as a result of the expansion of retail trade. As a result, there is a significant demand for mobile and industrial RFID printers across a variety of asset-intensive industries. The wholesale packets’ RFID chips include information about their contents, and can also trigger an alert if a shoplifter tries to elude detection at the exit.
RFID printers can be used in retail stores and warehouses to enhance the inventory management process. Another element anticipated to encourage expansion in the global market is rising demand from the healthcare sector for proper administration of patient data and papers.
Another factor anticipated to promote the expansion of the global demand for RFID printers is the transport sector’s growing usage of the technology to track shipping orders. However, the high cost of RFID solutions is likely to hamper the market growth.
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Profitable Market Opportunity
Offering lower-priced products and improving them with the help of RFID printers is a key function that provides maximum profits to manufacturers. Also, it is anticipated that the steadily accelerating printing rates can highly contribute to the global market’s expansion.
Key Takeaways
Effective Techniques Raising the Profits of Key Players
Key manufacturers of RFID printers are considering making large investments in technological breakthroughs, new product launches, and corporate expansion in order to increase the number of applications for RFID printers. Players are concentrating on ensuring quality, safety, and customer satisfaction employing printing technologies in order to draw in a wider client base.
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Recent Developments
Key Segments
RFID Printers by Product Type:
RFID Printers by Printing Type:
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
May 19, 2023