Inventory Tags Market Product Category, Application and Specification Report 2022

An item-level tag is a label that is attached to a single or a variety of products which helps in providing information or identification. On the similar lines, an inventory tag is a tag attached to several commodities and is implemented widely to identify items & products that assist in tracking and counting the physical stock or inventory. The inventory tags represent the hard copy tags used by various companies and retail shops. 

It contains a count of a group of a given product or item. Such inventory tags are easy to read and help in accomplishing the counting with more speed. Therefore, inventory tagging provides much advantages like automation, accuracy and cost-efficiency in retail sectors plus it helps in better visibility and monitoring of stock and inventories. The technology is much helpful as it deploys in determining the amount of inventory, availability of stock, increased time, reduced manual labor and increased accuracy.

The driving factors propelling the growth of global inventory tag market include augmenting benefits of authentication technologies and the need for trace and track technologies which are into packaging. Additionally, growing economies, rise in disposable income, urbanization, globalization and minimized trade barriers are the main drivers of the inventory tag market. Moreover, stringent laws pertaining to packaging and increasing importance for safety add to the growth of global market.

However, the lack of awareness of inventory tags technologies, and lack of skilled personnel are some major hindrances the market experiences. On the basis of printing technology, the global inventory tag market is segmented into digital printing, flexography printing, gravure printing, screen printing, lithography printing, offset printing, letterpress printing, thermal printing and pad printing. Digital printing segment is projected to be the rapidly growing segment of the inventory tags market for the forecast period. The segment accounts for higher CAGR owing to its numerous benefits like cost-effectiveness, high-quality, recycling options and multiple uses.

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On the basis of technology, the global inventory tag market is segmented into barcodes, RFID, QR codes and normal tags. Barcode segment is estimated to be the largest market of the inventory tags market for the forecast period owing to its frequent use in the inventory tags market and the trend is estimated to continue for the forecast period. On the basis of label type, the global inventory tag market is segmented into plastic, paper, metal, glass labels, cloth labels & thermal label type. On the basis of end-user sector, the global inventory tag market is segmented into industrial, retail, aerospace and marine. On the basis of geographic segmentation, the global inventory tag market spans North America, Europe, Asia-Pacific excluding Japan, Japan, Middle-East and Africa.

North America dominates the global inventory tag market owing to growing use of inventory tags in wholesale and retail stores. Europe is projected to grow at a higher CAGR. Asia-Pacific tends to play the pivot role in the global market owing to factors such as government initiatives, efforts toward standardization, expansion of applications and related segments, integration of technologies, growing awareness about usage of inventory tracking technologies, heavy growth of population in China and India with growth in disposable income is driving the APAC market. Rapid industrialization and stringent rules pertaining to secure packaging are some factors for growth of inventory tags market.  The key players in the global inventory tag market include Avery Dennison Corporation, Tyco International plc, 3M Company, and Brady Corporation. Mergers and acquisitions are the strategies followed by the key players for growth in the inventory tag market.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Inventory Tags in these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Inventory Tags market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Avery Dennison Corporation
• 3M Company
• Zebra Technologies Corporation
• Brady Corporation
• Tyco International
• Checkpoint Systems
• Smartrac
• Hewlett-Packard Company
• Cenveo
• Alien Technology

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Plastic
• Paper
• Metal
• Others

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