Barcode Statistics, Trends And Facts 2023

Barcodes are ubiquitous in today’s world, used in retail, logistics, manufacturing, and many other industries. They allow for efficient and accurate tracking of products and inventory, as well as simplifying the checkout process for consumers.

In this article, we’ll explore interesting statistics related to barcodes, covering everything from their history to their modern-day applications.

Barcode usage statistics

1. In 2021, the global barcode scanner market size was valued at $2.4 billion.
2. The barcode market is expected to grow at a CAGR of 4.6% from 2021 to 2028.
3. In 2020, the retail sector was the largest user of barcodes, accounting for 50% of the total barcode market.
4. The healthcare sector is the second-largest user of barcodes, with an estimated market size of $650 million in 2021.
5. In 2021, the logistics and transportation industry is expected to spend $10.6 billion on barcode solutions.

Benefits of using barcodes

1. Barcodes can help increase inventory accuracy by up to 99%.
2. Barcode scanning can save up to 2 seconds per item compared to manual entry.
3. By using barcodes, businesses can reduce labor costs associated with inventory management by up to 30%.
4. Barcodes can help reduce errors in data entry by up to 95%.
5. The use of barcodes can help improve supply chain visibility and efficiency.

Category	Statistic
Increase in QR Code usage agreed by respondents	46.75%
Increase of QR code usage from 21% in 2013 to 34% in 2017	34%
QR code usage in East Asia in 2019	15%
QR Code enabled smart packaging market size in 2021	$5.3 billion
QR Code enabled smart packaging projected value in 2021	$7.8 billion
Contactless payment market expected size in 2027	$4.68 trillion
Forecasted market share of QR Code/barcode recognition among image recognition technology in China in 2020	17.1%
Medication errors reduction	50%
Adverse drug reactions reduction	75%
Retailers not confident of their product data	80%
Shoppers use devices to scan and help them shop	84%
Shoppers unlikely to buy products from a brand after experience with inaccurate product data	86%
Inventory inaccuracy lost sales percentage	8.7%
Shoppers expecting to view in	71%
Increase in sales when buyonline and pickupin store fulfillment is available	15%-30%
Number of American warehouses growth since 2010	15%
US retailers inventory for every $1 of sales	$1.43
Cost increase due to inaccurate transactional data	25%
Barcode Technology
Probability of assigning the sequence to the wrong species (θ = 1) until T/N is larger than 3	5%
Required divergence time for assigning the sequence to the correct species (θ = 5.0)	>2.7
Required divergence time for assigning the sequence to the correct species (θ = 1.0)	>4.6
QR Code Usage by Country
QR Code usage in Germany	29%
QR Code usage in France	28%
QR Code usage in the UK	26%
QR Code usage in the US	26%
QR Code usage in Developed Nations	25%-30%
QR Code usage in North America	8%
QR Code usage in Latin America	13%
QR Code usage in Asia Pacific	15%
QR Code usage in Europe and Middle East Asia	10%
Estimated US households that scanned a QR code in 2020	11 million
Estimated US scans of QR codes in 2018	9.76 million
Expected percentage of order, checkout, and payment services that will become contactless by 2024	80%
Percentage of participants that feel most secure at a restaurant, bar, or café	42.55%
Percentage of participants that feel the same level of assurance at a gym, pool, or any other fitness center	19.4%
Smartphone Penetration
Global smartphone penetration in 2017	59.01%
Global smartphone penetration in 2020	78.05%
High-speed mobile internet access in Feb 2023	62.5%
Increase in internet users from Jan 2021 to Feb 2023	4%

Types of barcodes

1. The most commonly used barcode type is the UPC barcode, which is used for retail sales and product identification.
2. QR codes are becoming increasingly popular due to their ability to store more data and be scanned by smartphones.
3. Data Matrix codes are used for small item tracking and have the ability to store up to 2,335 alphanumeric characters.
4. Code 128 barcodes are commonly used for logistics and transportation applications.

Barcode scanning devices

1. Handheld barcode scanners are the most commonly used type of scanner.
2. Smartphone scanners are becoming increasingly popular due to their convenience and low cost.
3. Fixed-mount scanners are used in industrial applications such as conveyor belt scanning.
4. Wearable scanners are used in industries where hands-free scanning is required.

Table 1: QR Code Usage Statistics

Data	Value
QR code usage in Philippines, South Korea, and Singapore	15% of population
QR code usage in schools in Algeria	Used for blended and interactive learning
Increase in QR code interactions from 2018 to 2019	26%
Increase in repeat engagement of scanning QR codes from 2018-2019	35%
Growth in QR code statistics from 2018-2019	28%
Percentage of world population that will have access to high	90%
Smartphone ownership rate in South Africa (2021)	80%
Smartphone ownership rate in the United Kingdom	Almost 83%
QR code usage on Apple devices	92%

Table 2: DNA Barcoding Success Rates

Data	Value
Success rate for various assignment methods with θ = 3	86.30% to 87.25%
Success rate for various assignment methods with θ = 30	93.50% to 96.20%
Success rate for all methods with a speciation time of Nf/10	Below 66%
Success rate for all methods with increased polymorphism	About 75%
Success rate for almost all methods for very long separation times	100%
Success rate for the 1 NN method with θ = 3 for n = 3 and n = 25	78.35% and 91.05%, respectively
Success rate for all methods for the Astraptes data set	Around 99%
Success rate for almost all methods for the three Amazonian butterfly data sets	Above 90%

Table 3: Barcode Mapping Results

Data	Value
Additional mapped reads for NE sample	56,015 (0.25%)
Additional mapped reads for ERG sample	45,321 (0.27%)
Additional mapped reads for MRG sample	40,450 (0.18%)
Additional mapped reads for yusa library with errors	81,355 (0.03%)
Additional mapped reads for sequencing or PCR errors	15,406,665 (5.34%)
Additional mapped reads for Barcas compared to edgeR	8% more reads

Table 4: Small Business Statistics

Data	Value
Percentage of small business leaders who think accountants can’t reduce taxes	62%
Percentage of small businesses that outsource tax preparation	70%
Percentage of small businesses satisfied with their accounting services	88%
Percentage of small businesses with a CFO or controller	42%
Percentage of companies with an asset management system	17%
Percentage of small business owners who don’t understand how ghost assets impact their books	47%

Table 5: Eukaryotic Species

Data	Value
Estimated number of eukaryotic species	8.7 million
Number of named eukaryotic species	2 million

Barcode security

1. Barcodes can be easily copied or duplicated, which can lead to counterfeiting and fraud.
2. Companies can use security measures such as holographic labels and hidden barcodes to prevent counterfeiting.
3. 2D barcodes such as QR codes can be encrypted to increase security.

Barcode standards

1. The International Article Number (EAN) barcode standard is used for product identification and retail sales.
2. The Universal Product Code (UPC) barcode standard is used for product identification in North America.
3. The Code 39 barcode standard is commonly used for industrial and logistics applications.
4. The Code 128 barcode standard is used for inventory management and logistics applications.

Conclusion:

Barcodes have become an integral part of many industries, providing benefits such as increased efficiency, accuracy, and cost savings. With the continued growth of e-commerce and automation, the use of barcodes is expected to increase even further.

Businesses can benefit from using barcodes by improving inventory accuracy, reducing labor costs, and increasing supply chain visibility.

With the variety of barcode types, scanning devices, security measures, and standards available, businesses can choose the best barcode solution for their specific needs.