According to Stratistics MRC, the Global Inventory Tags Market is accounted for $4.36billion in 2017 and expected to grow at a CAGR of 5.2% to reach $6.93 billion by 2026.
— Factors such as high demand for retail products, detection without individual interference, tracking the products in real time and consistent manner, rise in the usage and awareness of the tags, prevention against counterfeit, thievery, and loss are driving the market growth. However, mechanical vulnerability, rise of fraud products and higher cost of the equipment and software will hamper market growth.
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Based on Printing, Digital Printing achieves high image quality, flexibility and productivity. It is quick, efficient, cost effective and no material waste and time. Digital Printing technologies are continuous banner size printing, high media compatibility and do not require printing plate. Digital Printings have ability to print more than required volumes and for the projects that have smaller quantities with innovation. Digital Printing can deploy a full range of printing techniques like embossing, hot and cold foiling and sub-surface Printing. Mass Customization & SKU Proliferation and Premium-Isation are the latest trends.
Based on technology, Bar coding is collection of data and automatic recognition technology referred as Auto ID. The Barcodes are mostly found in grocery and retail stores on product labels. This technology is used in manufacturing companies, shipping/receiving and warehousing. Major advantages are improved data accuracy, flexibility, cost effective, faster data input. Barcode will provide immediate and accurate data with Auto ID Technology.
Asia-Pacific is the fastest-growing region due to rapid industrialization and increase in industrial trade especially in the developing countries such as China, India etc during the forecast period. North America is expected to dominate the inventory tags market due to increase in use of inventory tags in almost all the retail and wholesale. Europe is expected to be the second dominant region in the inventory tags market.
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Some of the key players in the Global Inventory Tags market are Alien Technology, Avery Dennison Corporation, Brady Corporation, Tyco Sensormatic, Checkpoint Systems, Inc., Hewlett-Packard Company, Honeywell International, Invengo Technology, Metalcraft, Impinj, 3M Company, Checkpoint Systems, Confidex, General Data and Zebra Technologies Corporation.
• Other Labels
• Screen Printing
• Offset Printing
• Letterpress Printing
• Gravure Printing
• Flexography Printing
• Digital Printing
• Lithography Printing
• Other Printing medium
• Radio frequency identification device (RFID)
• Other technologies
End Users Covered:
• Transportation & Logistics
• Manufacturing units
• Military warehouses
• Small and medium-sized enterprises(SMEs)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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