Press release
2025-2034 Inventory Tags Market Roadmap: Insights for Competitive Advantage
Inventory Tags
How Large Will the Inventory Tags Market Size By 2025?
The inventory tags market has grown at a steady pace in recent years. It is projected to rise from $5.76 billion in 2024 to $5.97 billion in 2025 at a CAGR of 3.6%. The historic growth was fueled by barcode adoption, RFID development, manual management systems, tagging standardization, and QR code introduction.
How Big Is the Inventory Tags Market Size Expected to Grow by 2029?
The sphere of inventory labels is projected to undergo robust expansion in the upcoming years. The market size is forecasted to reach $7.5 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%. The predicted escalation during this forecast duration is primarily ascribed to the increasing demand for real-time tracking, streamlining of supply chain, incorporation of cloud-based solutions, emphasis on security and anti-theft strategies. The anticipated trends during the forecast phase include progress in RFID technology, measures against security and counterfeiting, sustainability efforts, bettered durability and lifespan, along with a focus on data analytics.
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Which Key Market Drivers Powering Inventory Tags Market Expansion and Growth?
Expectations of an increased circulation of counterfeit goods have fuelled the anticipated expansion of the inventory tags market. Counterfeit items are those products or services that are intentionally misrepresented or inaccurately labelled to deceive customers or secure unjust advantages in the market. This trend stems from the inexpensive price of counterfeit products, lax regulations, prevalent corruption, and unsatisfactory enforcement. Inventory tags offer an effective solution to mitigate this issue by enabling the tracking of goods throughout the supply chain and confirmation of their genuineness. For example, Business Wire, a news magazine from India, reported in 2021 that there has been a 47% increase in fake medical products compared to 2020. This surge in counterfeit products is particularly noticeable in the case of vaccines, COVID-19 test kits, medications, antibiotics, and sanitizers. As such, the proliferation of counterfeit goods is driving the expansion of the inventory tags market.
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Which Fast-Growing Trends Are Poised to Disrupt the Inventory Tags Market?
The rise of technological innovation is a significant trend impacting the inventory tags market. Firms in this sector are utilizing cutting-edge technologies to maintain their market standing. For example, SimplyRFiD, a US firm specializing in RFID technology, introduced the Popsicle RAIN RFID Flag Tag in March 2023. This RFID tag is versatile and can be employed in a range of sectors including pharmaceuticals, electronics, and the automotive industry, where accurate product tracking and identification is critical. The Popsicle tag features a clear adhesive portion and a non-stick RFID flag, making it an optimal choice for labeling products with solid surfaces, while still allowing the product information to be clearly visible.
What Are the Emerging Segments in the Inventory Tags Market?
The inventory tags market covered in this report is segmented -
1) By Type: Plastic, Paper, Metal, Other Types
2) By Printing Technology: Offset Printing, Digital Printing, Flexography Printing, Gravure Printing, Other Printing Technologies
3) By End-Users: Industrial, Commercial, Retail, Other End-Users
Subsegments:
1) By Plastic: Polyethylene Tags, Polypropylene Tags, Vinyl Tags
2) By Paper: Glossy Paper Tags, Kraft Paper Tags, Recycled Paper Tags
3) By Metal: Aluminum Tags, Stainless Steel Tags, Brass Tags
4) By Other Types: Fabric Tags, Magnetic Tags, RFID Tags
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Who Are the Global Leaders in the Inventory Tags Market?
Major companies operating in the inventory tags market include Avery Dennison Corporation, 3M Company, Zebra Technologies Corporation, Brady Corporation, Alien Technology Corporation, Cenveo Corporation, Checkpoint Systems Inc., Johnson Controls International plc, Ivaanshi Printpack Private Limited, G.M. Label Manufacturing Ltd., Arora Print Packers Pvt. Ltd., Globe Traders Pvt. Ltd., SATO Corporation, Honeywell International Inc., HID Global Corporation, Datalogic S.p.A., Invengo Technology Pte. Ltd., Smartrac N.V., FineLine Technologies Inc., William Frick & Company Inc., Metalcraft Technologies Inc., Nexqo Technology Co. Ltd., Confidex Ltd., MSM Solutions Ltd., NXP Semiconductors N.V., Omni-ID Ltd., Camcode Limited
Which are the Top Profitable Regional Markets for the Inventory Tags Industry?
North America was the largest region in the inventory tags market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global inventory tags market during the forecast period. The regions covered in the inventory tags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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