An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Inventory Tags Market” has been showcased on Report Ocean.
The “Global Inventory Tags Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Inventory Tags Market.
Global Inventory Tags Market is valued approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2029.
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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 players 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
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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.
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
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
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.
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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, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Inventory Tags market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Inventory Tags market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Inventory Tags market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Inventory Tags market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Inventory Tags market. It encapsulates indispensable insights extracted from the Inventory Tags Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Inventory Tags market, including:
- What can be expected for the Inventory Tags market in the next decade?
- What are the primary drivers of growth in the global Inventory Tags market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Inventory Tags market vary based on the size of the end market?
- What is the breakdown of Inventory Tags by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Inventory Tags market?
Our most recent research report showcases the thriving expansion of the global Inventory Tags Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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