Press release
RFID Pallet Wrappers Market Pegged for Robust Expansion During 2017 - 2025
Withstanding the soft economy RFID pallet wrappers deployment has gained tremendous traction in last year. The key driver to RFID pallet wrappers is its ability to track pallet and identify valuable commodities in the course of global commerce. Moreover, the asset tracking helps to maintain the whereabouts of the valuable asset that is fueling the growth of the RFID pallet wrappers. RFID pallet wrappers, especially with ultra-high frequency, is a potential factor for the growth of the market.
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Owing to its perfect match for tracking and asset management and getting a return on investment. Moreover, the tags can be encrypted to provide minimum information of the package thereby securing the details. Through RFID pallet wrappers faster delivery of the order and fill the order in a timely manner, and customer relationship is ensured, the potential factor adds advantage to the growth of RFID pallet wrappers.
The companies driving RFID pallet wrappers market are Wal-Mart Stores Inc., The Home Décor Inc., ACE Hardware Corp, and Wegmans Food Market Inc. are some of the major companies that use RFID pallet wrappers for improvement of business process and overall supply chain operation. Enabling such infrastructure that is fully equipped with RFID pallet wrappers requires relatively higher investment as compared to traditional method of pallet wrapping which is a challenging factor to the growth of RFID pallet wrappers market.
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Global RFID Pallet Wrappers Market: Region Wise Outlook
The global RFID pallet wrappers market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). North America holds the major share in the RFID pallet wrapper market due to rising demand for packaging in manufacturing and food & beverage industry. The market in APAC and Latin America is expected to be the prominent contributor to the growth of RFID pallet wrapper market owing to the proliferation of manufacturing industries in the region.
The regions in Europe is anticipated to grow at moderate CAGR; this is due to the restrained manufacturing operation in the Western and Eastern Europe. The strong development in the region of MEA for pharmaceutical, manufacturing, and food & beverage industry is anticipated to attract demand for RFID pallet wrappers over the forecast period.
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Global RFID Pallet Wrappers Market Players
Few of the prominent players in the global RFID pallet wrappers market are as follows: REO-PACK, Kalamazoo Packaging Systems, Pallet Wrapz, Inc., AIDA Centre, S.L., Lantech, Inc, EAgile Inc., SATO America, LLC.
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