Growing Digitalization Among SMEs Fuels the South & Central America Retail Security Tags Market
The adoption of digital technologies helps businesses increase the overall efficiency of all operations, reduce operational costs, and minimize human errors. In addition, it has the potential to enhance broad and sustainable growth by stimulating innovation, generating efficiencies, and improving services.
According to the World Bank, SMEs account for most businesses worldwide and are important contributors to job creation and global economic development, particularly in developing countries. In the retail industry, SMEs are less likely to get loans from banks compared to large enterprises. Therefore, the World Bank Group is providing solutions in terms of credit guarantee schemes, e-lending platforms, policies, and others to improve SMEs' access to finance, which helps them adopt innovative and advanced digital solutions. Through digitalization, retailers can track inventory in real time, enhance the customer experience, prevent theft, and improve supply chain management with the use of RFID tags and IoT devices. Digitalized security tags help retailers increase their overall workflow efficiency and profitability. Therefore, the growing adoption of digitalization by SMEs is expected to create an opportunity for the South & Central America retail security tags market during 2022-2030.
South & Central America Retail Security Tags Market Overview
Infrastructure development is key to economic growth. Large infrastructural developments in SAM have resulted in the growth of commercial complexes, shopping malls, hypermarkets, and supermarkets, increasing the number of retail stores across the region. The increase in retail stores will boost the demand for security solutions, fueling the growth of the retail security tags market during 2022-2030.
For instance,
In September 2022, Brazil's biggest food retailer, GPA, announced a revised plan regarding the number of new stores it plans to open by 2024. It is expected to open 300 stores by 2024. In August 2023, Diario Financiero announced to open a new supermarket in Chile. The consumer goods market across South America is evolving rapidly as retailers are responding to consumer demand for convenience products by offering new budget-friendly retail options. In the past few years, the number of supermarkets in the region has increased, and the region has also observed the fastest growth in food demand. Having a significant penetration in the food retail sector, the supermarkets have triggered an upstream transformation of the vegetables and fruits marketing system. On the other hand, grocery retail sales per capita are considerably lower in the region compared to the developed markets. This is due to lower purchasing power and the occurrence of informal grocery retail, such as street vendors and informal markets. Walmart is the largest grocery retailer in the region. It operates a widespread variety of banners across South America, comprising hypermarkets, discounters, and supermarkets. Thus, the robust retail industry across the region is contributing to the growth of the SAM retail security tags market.
South & Central America Retail Security Tags Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Retail Security Tags Market Segmentation
The South & Central America Retail Security Tags market is segmented based on technology, material, print type, application, and country.
Based on technology, the South & Central America Retail Security Tags market is categorized into RF & RFID, AM, and others. The RF & RFID segment held the largest share in 2022.
Based on Material, the South & Central America Retail Security Tags market is categorized into paper and plastic. The plastic segment held the larger share in 2022.
By print type, the South & Central America Retail Security Tags market is categorized into printable and non-printable. The non-printable segment held the larger share in 2022.
By application, the South & Central America Retail Security Tags market is categorized into apparel & fashion accessories, cosmetics & pharmaceuticals and others. The apparel & fashion accessories segment held the largest share in 2022.
Based on country, the South & Central America Retail Security Tags market is segmented into the Brazil, Argentina, and Rest of South & Central America. Brazil dominated the South & Central America Retail Security Tags market in 2022.
Avery Dennison Corp, 3M Co, Alien Technology LLC, Brady Corp, Sensormatic electronics Corp, Check Point Systems Inc, and HP Inc are some of the leading companies operating in the South & Central America Retail Security Tags market.
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- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 South & Central America Market Attractiveness
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. South & Central America Retail Security Tags Market Landscape
- 4.1 Overview
- 4.2 South & Central America PEST Analysis
- 4.3 Ecosystem Analysis
- 5. South & Central America Retail Security Tags Market - Key Industry Dynamics
- 5.1 South & Central America Retail Security Tags Market - Key Industry Dynamics
- 5.2 Market Drivers
- 5.2.1 Increasing Retail Outlets by Global Brands
- 5.2.2 Growing Shoplifting Cases
- 5.2.3 Rising Number of Supermarkets and Hypermarkets
- 5.3 Market Restraints
- 5.3.1 High Presence of Unorganized Retail Sector
- 5.4 Market Opportunities
- 5.4.1 Increasing Construction of Commercial Complexes
- 5.4.2 Growing Digitalization Among SMEs
- 5.5 Future Trends
- 5.5.1 Adoption of Omnichannel Retailing
- 5.6 Impact of Drivers and Restraints:
- 6. Retail Security Tags Market - South & Central America Market Analysis
- 6.1 South & Central America Retail Security Tags Market Revenue (US$ Million), 2022 - 2030
- 6.2 South & Central America Retail Security Tags Market Forecast and Analysis
- 7. South & Central America Retail Security Tags Market Analysis - Technology
- 7.1 RF & RFID
- 7.1.1 Overview
- 7.1.2 RF & RFID Market, Revenue and Forecast to 2030 (US$ Million)
- 7.2 AM
- 7.2.1 Overview
- 7.2.2 AM Market, Revenue and Forecast to 2030 (US$ Million)
- 7.3 Others
- 7.3.1 Overview
- 7.3.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
- 8. South & Central America Retail Security Tags Market Analysis - Materials
- 8.1 Paper
- 8.1.1 Overview
- 8.1.2 Paper Market, Revenue and Forecast to 2030 (US$ Million)
- 8.2 Plastic
- 8.2.1 Overview
- 8.2.2 Plastic Market, Revenue and Forecast to 2030 (US$ Million)
- 9. South & Central America Retail Security Tags Market Analysis - Print Type
- 9.1 Printable
- 9.1.1 Overview
- 9.2 Non-Printable
- 9.2.1 Overview
- 9.2.2 Non-Printable Market Revenue and Forecast to 2030 (US$ Million)
- 10. South & Central America Retail Security Tags Market Analysis - Application
- 10.1 Apparel & Fashion Accessories
- 10.1.1 Overview
- 10.1.2 Apparel & Fashion Accessories Market, Revenue and Forecast to 2030 (US$ Million)
- 10.2 Cosmetics & Pharmaceuticals
- 10.2.1 Overview
- 10.2.2 Cosmetics & Pharmaceuticals Market, Revenue and Forecast to 2030 (US$ Million)
- 10.3 Others
- 10.3.1 Overview
- 10.3.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
- 11. South & Central America Retail Security Tags Market - Country Analysis
- 11.1 Overview: SAM
- 11.1.1 SAM Retail Security Tags Market, by Key Country - Revenue (2022) (US$ Mn)
- 11.1.2 SAM Retail Security Tags Market Revenue and Forecasts and Analysis - By Country
- 11.1.2.1 SAM Retail Security Tags Market Revenue and Forecasts and Analysis - By Country
- 11.1.2.2 Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.1.2.2.1 Brazil Retail Security Tags Market Breakdown, by Technology
- 11.1.2.2.2 Brazil Retail Security Tags Market Breakdown, by Materials
- 11.1.2.2.3 Brazil Retail Security Tags Market Breakdown, by Print Type
- 11.1.2.2.4 Brazil Retail Security Tags Market Breakdown, by Application
- 11.1.2.3 Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.1.2.3.1 Argentina Retail Security Tags Market Breakdown, by Technology
- 11.1.2.3.2 Argentina Retail Security Tags Market Breakdown, by Materials
- 11.1.2.3.3 Argentina Retail Security Tags Market Breakdown, by Print Type
- 11.1.2.3.4 Argentina Retail Security Tags Market Breakdown, by Application
- 11.1.2.4 Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.1.2.4.1 Rest of SAM Retail Security Tags Market Breakdown, by Technology
- 11.1.2.4.2 Rest of SAM Retail Security Tags Market Breakdown, by Materials
- 11.1.2.4.3 Rest of SAM Retail Security Tags Market Breakdown, by Print Type
- 11.1.2.4.4 Rest of SAM Retail Security Tags Market Breakdown, by Application
- 12. Competitive Landscape
- 12.1 South & Central America Heat Map Analysis by Key Players
- 13. South & Central America Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.3 Product Development
- 13.4 Mergers & Acquisitions
- 14. Company Profiles
- 14.1 Avery Dennison Corp
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 3M Co
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 Alien Technology, LLC
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 Brady Corp
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Sensormatic Electronics Corp
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 Checkpoint Systems Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 HP Inc
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 15. Appendix
- 15.1 Word Index
- LIST OF TABLES
- Table 1. South & Central America Retail Security Tags Market Segmentation
- Table 2. South & Central America Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Million)
- Table 3. SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Country
- Table 4. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Technology
- Table 5. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Materials
- Table 6. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Print Type
- Table 7. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 8. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Technology
- Table 9. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Materials
- Table 10. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Print Type
- Table 11. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 12. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Technology
- Table 13. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Materials
- Table 14. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Print Type
- Table 15. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 16. South & Central America Heat Map Analysis by Key Players
- Table 17. List of Abbreviation
- LIST OF FIGURES
- Figure 1. South & Central America Retail Security Tags Market Segmentation, By Country
- Figure 2. South & Central America PEST Analysis
- Figure 3. Ecosystem: South & Central America Retail Security Tags Market
- Figure 4. Impact Analysis of Drivers and Restraints
- Figure 5. South & Central America Retail Security Tags Market Revenue (US$ Million), 2022 - 2030
- Figure 6. South & Central America Retail Security Tags Market Share (%) - Technology, 2022 and 2030
- Figure 7. RF & RFID Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 8. AM Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 9. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 10. South & Central America Retail Security Tags Market Share (%) - Materials, 2022 and 2030
- Figure 11. Paper Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 12. Plastic Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 13. South & Central America Retail Security Tags Market Share (%) - Print Type, 2022 and 2030
- Figure 14. Printable Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 15. Non-Printable Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 16. South & Central America Retail Security Tags Market Share (%) - Application, 2022 and 2030
- Figure 17. Apparel & Fashion Accessories Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 18. Cosmetics & Pharmaceuticals Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 20. SAM Retail Security Tags Market, by Key Country - Revenue (2022) (US$ Mn)
- Figure 21. Retail Security Tags Market Breakdown by Key Countries, 2022 and 2030 (%)
- Figure 22. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- Figure 23. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- Figure 24. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
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