Global Inventory Tags Market Size study & Forecast, by Technology (Barcodes, RFID), by Label Type (Plastic, Paper, Metal), by Printing Technology (Digital Printing, Flexography, Lithography, Screen Printing, Gravure, Others), by End Use (Industrial, Retail, Others) and Regional Analysis, 2022-2029
Global Inventory Tags Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Inventory Tags is a barcode or radio frequency identification enabled labels that are utilized for tracking of various products across different industries such as e-commerce, manufacturing, retail, and logistics & Transportation among others. These tags are attached with the outer packaging of the product to the purpose of performing manual inventory count as well as automated counting in an inventory management System (IMS). The growing expansion of global supply chain management market and increasing utilization of inventory tags across various industries as well as recent initiatives from leading market players are key factors accelerating the market growth.
According to Statista - In 2020, the global supply chain management market was estimated at USD 15.85 billion, and the market is projected to grow to USD 31 billion by 2026. Also, rising industrialization in emerging countries and growing expansion of e-commerce sector worldwide would create lucrative growth prospectus for the market over the forecast period. However, the high cost associated with RFID enabled Inventory Tags stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Inventory Tags Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to rising digitization across different industries as well as growing expansion of logistics & transportation sector in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of e-commerce industry as well as growing adoption of third-party logistics services in the region.
Major market player included in this report are:
Avery Dennison Corporation
Tyco International plc
3M Company
Alien Technology, LLC
Brady Worldwide, Inc.
Zebra Technologies Corporation
Brady Corporation
Smartrac Technology GmbH
Checkpoint Systems, Inc.
Hewlett Packard Enterprise Development LP
Recent Developments in the Market:
In April 2019, Ohio, USA based Avery Dennison, a leader in branding labels & tags rolled out its latest range of On-Metal UHF RFID solutions. These tags are specially formulated to perform when placed on objects that contains metal, foil, and liquids.
In April 2021, Halen ski, Finland based Stora Enso launched a new recyclable RFID (Radio-frequency Identification) tag for microwave-safe use. This new RFID tag is intended for item-level ready-meal tagging and tracking.
Global Inventory Tags Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Technology, Label Type, Printing Technology, End Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology
Barcodes
RFID
By Label Type
Plastic
Paper
Metal
By Printing Technology
Digital Printing
Flexography
Lithography
Screen Printing
Gravure
Others
By End Use
Industrial
Retail
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Companies Mentioned
Avery Dennison Corporation
Tyco International plc
3M Company
Alien Technology, LLC
Brady Worldwide, Inc.
Zebra Technologies Corporation
Brady Corporation
Smartrac Technology GmbH
Checkpoint Systems, Inc.
Hewlett Packard Enterprise Development LP
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
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