Inventory Tags Market Report 2017-2022
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.
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.
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The driving factors propelling the growth of global inventory tag market include augmenting benefits<br />
of authentication technologies and the need for trace and track technologies, which are into<br />
packaging. Additionally, growing economies, rise in disposable income, urbanization, globalization<br />
and minimized trade barriers are the main drivers of the inventory tag market. Moreover, stringent<br />
laws pertaining to packaging and increasing importance for safety add to the growth of global market.<br />
However, the lack of awareness of inventory tags technologies, and lack of skilled personnel are some<br />
major hindrances the market experiences. On the basis of printing technology, the global inventory<br />
tag market is segmented into digital printing, flexography printing, gravure printing, screen printing,<br />
lithography printing, offset printing, letterpress printing, thermal printing and pad printing. Digital<br />
printing segment is projected to be the rapidly growing segment of the inventory tags market for the<br />
forecast period. The segment accounts for higher CAGR owing to its numerous benefits like costeffectiveness,<br />
high-quality, recycling options and multiple uses.<br />
On the basis of technology, the global inventory tag market is segmented into barcodes, RFID, QR<br />
codes and normal tags. Barcode segment is estimated to be the largest market of the inventory tags<br />
market for the forecast period owing to its frequent use in the inventory tags market and the trend is<br />
estimated to continue for the forecast period. On the basis of label type, the global inventory tag<br />
market is segmented into plastic, paper, metal, glass labels, cloth labels & thermal label type. Based<br />
on end-user sector, the global inventory tag market is segmented into industrial, retail, aerospace and<br />
marine. On the basis of geographic segmentation, the global inventory tag market spans North<br />
America, Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa.<br />
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North America dominates the global inventory tag market owing to growing use of inventory tags in<br />
wholesale and retail stores. Europe is projected to grow at a higher CAGR. Asia-Pacific tends to play<br />
the pivot role in the global market owing to factors such as government initiatives, efforts toward<br />
standardization, expansion of applications and related segments, integration of technologies, growing<br />
awareness about usage of inventory tracking technologies, heavy growth of population in China and<br />
India with growth in disposable income is driving the APAC market. Rapid industrialization and<br />
stringent rules pertaining to secure packaging are some factors for growth of inventory tags<br />
market. The key players in the global inventory tag market include Avery Dennison Corporation, Tyco
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