Market by Technology, Label Type, Printing Technology, End-user, and Regional Outlook | Forecast 2023-2030
An inventory tag is a barcode label that helps companies to control and
monitor their products and equipment. These tags can be used to conduct manual
inventory counts or linked to a network of scanners and an inventory management
system (IMS) to conduct automated inventory counts. Moreover, they improve a
company’s productivity and efficiency by identifying the products that demand
maintenance or when they are out of stock.
According to Triton Market Research’s report analysis, the Global Inventory Tags Market was valued at $XX million in 2022 and is expected to reach $XX million by 2030, growing at a CAGR of 4.71% during the forecast period 2023-2030.
Click here to check out our blog on the Global Inventory Tags Market
MARKET PERFORMANCE: DRIVERS,
CHALLENGES, AND OPPORTUNITIES
Over the forecast period, increasing fraudulent
activities and widespread adoption of RFID technology in the automotive,
pharmaceutical, and healthcare sectors are expected to fuel the market’s growth.
Radio Frequency
Identification (RFID) technology recognizes and tracks the tagged objects using
electromagnetic fields. This technology is frequently used in industrial
sectors to monitor the supply chain. Moreover, this technology is increasingly
used in the healthcare sector to monitor the delivery of correct medications to
patients, provide information to platforms that maintain electronic medical
records, etc.
However, the market may face challenges with
respect to security concerns, lack of awareness about inventory tag technology,
expensive tags, and lack of skilled labor. Similar to other technologies, inventory tags
are vulnerable to physical and electronic assaults, such as reverse
engineering, power analysis, eavesdropping, sniffing, loss of service, cloning,
fraud, and viruses. These security challenges are difficult to tackle as
hacking and security thefts have become common despite advancements in security
systems. It is expected that industry growth will be constrained by the high
cost of installing, purchasing, and maintaining RFID, as well as concerns about
data security and privacy.
Nevertheless, the rising prominence of the
Internet of Things (IoT) and a surge in inventory tags’ application in the
automotive sector are anticipated to offer growth opportunities to the market. An RFID tag is attached to every inventory
object that needs to be tracked in an inventory management system. Each tag
carries a unique identification number (UID) and encoded digital data about an
inventory item, such as a model or batch number. When an RFID tag is scanned, a
reader collects information and transfers it to the cloud for processing.
Report scope can be customized per your requirements - Request Free Sample Report
KEY GEOGRAPHIES COVERED:
• North America: United States and Canada
• Europe: United Kingdom, France,
Germany, Spain, Italy, Poland, and Rest of Europe
• Asia-Pacific: China, Japan, India,
Australia & New Zealand, South Korea, ASEAN Countries, and the Rest of
Asia-Pacific
• Latin America: Brazil, Mexico, and Rest
of Latin America
• Middle East and Africa: Saudi Arabia, Turkey,
United Arab Emirates, South Africa, and Rest of Middle East & Africa
SEGMENTATION ANALYSIS – INVENTORY TAGS MARKET:
• Market by Technology:
o Barcodes
o RFID
o Other
Technologies
Labor expenses in a distribution center can be reduced by up to 50–80%
through RFID technology. In this regard, smaller teams can complete tasks that
previously required a big workforce. With the help of real-time inventory
visibility provided by automation, sensors, and analytics, more than 72% of all
retailers plan to reinvent their supply chains.
• Market by Label Type:
o Plastics
o Paper
o Metal
o Other
Label Types
Plastic inventory tags are more common because they are less expensive
and last longer. Production, assembly, and staging can benefit from plastic
label stickers for labeling as they are corrosive-free and lightweight.
Moreover, plastic inventory tags can be used for several purposes, such as
labeling, addressing, identifying inventory etc. These are beneficial for
products that cannot be labeled with adhesives.
• Market by Printing Technology:
o Digital
Printing
o Flexography
Printing
o Gravure
Printing
o Offset
Printing
o Other
Printing Technologies
• Market by End-user:
o Retail
o Transportation
and Logistics
o Industrial
o Other
End-users
RFID technology is widely used in transportation and logistics. In
conjunction with consumer demand data, RFID product tracking systems can help a
supplier determine if the products will be available with respect to consumer
demand. High-frequency tags can work from a one-meter distance and are useful
for managing warehouse transport. This technology also keeps track of the
trolleys in the warehouse.
COMPETITIVE LANDSCAPE
The inventory tags market by company profile helps dive into data about
the key players in this industry. The strategic initiatives for each of the
companies considered have been covered in detail.
Product Launch (March 2023):
SimplyRFID
SimplyRFID launched the Popsicle Rain RFID flag tag, an ideal launch for
metal and liquid products. The Popsicle is compatible with common RFID
printers/encoders, allowing for low-cost printing and encoding.
Acquisition (May 2022): HID
Global and Vizinex RFID
HID Global announced the acquisition of Vizinex RFID to broaden its
presence in major industries like healthcare, oil & gas, manufacturing,
etc. This contributed to the expansion of HID’s RFID tags technology due to
exposure in North American RFID markets.
KEY BENEFITS OF THE REPORT:
●
Triton Market Research has a collective experience of 25-30 years
in the industry, with its analysts and experts encompassing the most infallible
research methodology for its market intelligence and industry analysis.
●
Our research methodology helps in achieving a broader consensus of
the market size, shape, and industry trends within each industry segment.
●
The strategy adopted in designing the research methodology
includes the amalgamation of the information assembled from primary and
secondary sources, with the assistance of analytical tools to construct the
forecast and predictive models.
● The scope of the market report comprises the current scenario of the global inventory tags market, along with a detailed overview of the industry outlook, market dynamics, segmentation analysis, regional outlook, and competitive landscape for the period 2023-2030.
FAQs:
Q 1) Which is the most
commonly used inventory tag?
Barcode tags are the most commonly used inventory tags. These are easily
scanned through barcode scanners and contain important information regarding
the inventory number of a product, price, etc.
Q 2) How does an inventory
tag help in the end-to-end visibility of data?
Real-time information is a crucial element of e-commerce. Data
visibility enables sellers to address changes in stock amounts and demand.
Thus, inventory tags assist in procuring more inventory during a peak period,
significantly improving stock margins.
Market By Category, Applicatio ..
VIEW REPORT
Market by RTD Type | Forecast ..
VIEW REPORT
Market by Product Type | Forec ..
VIEW REPORT
Market by Product, Application ..
VIEW REPORT
Market By Product Type, Specie ..
VIEW REPORT
Market by Ingredient Type, Age ..
VIEW REPORT
Market By Demographics, Produc ..
VIEW REPORT
Market by Type, Sales Channel, ..
VIEW REPORT1. GLOBAL
INVENTORY TAGS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE INVENTORY TAGS MARKET
2.2. KEY
INSIGHTS
2.2.1. POTENTIAL
OF INVENTORY TAGGING IN THE AUTOMOBILE SECTOR
2.2.2. GROWING
SIGNIFICANCE OF THE INTERNET OF THINGS
2.2.3. USE OF
INVENTORY TAGS AS A BRANDING AND MARKETING TOOL
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. REGULATORY
FRAMEWORK
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. COLLABORATIONS
2.7.4. INVESTMENTS
& EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. PROTECTION
AGAINST FRAUDULENT ACTIVITIES
2.8.2. SURGE
IN THE APPLICATION OF RFID TECHNOLOGY IN SUPPLY CHAIN MANAGEMENT
2.8.3. REAL-TIME
DATA VISIBILITY
2.9. MARKET
CHALLENGES
2.9.1. SECURITY
RISKS ASSOCIATED WITH INVENTORY TAGS TECHNOLOGY
2.9.2. HIGH
PRICES OF INVENTORY TAGS
2.9.3. LACK
OF SKILLED LABOR FORCE
2.10. MARKET
OPPORTUNITIES
2.10.1. RISING
DISPOSABLE INCOME AND INCREASING DEMAND FOR RETAIL GOODS
2.10.2. SURGE
IN E-COMMERCE TRENDS
3. GLOBAL
INVENTORY TAGS MARKET OUTLOOK - BY TECHNOLOGY
3.1. BARCODES
3.2. RFID
3.3. OTHER TECHNOLOGIES
4. GLOBAL
INVENTORY TAGS MARKET OUTLOOK - BY LABEL TYPE
4.1. PLASTICS
4.2. PAPER
4.3. METAL
4.4. OTHER
LABEL TYPES
5. GLOBAL
INVENTORY TAGS MARKET OUTLOOK - BY PRINTING TECHNOLOGY
5.1. DIGITAL
PRINTING
5.2. FLEXOGRAPHY
PRINTING
5.3. GRAVURE
PRINTING
5.4. OFFSET
PRINTING
5.5. OTHER
PRINTING TECHNOLOGIES
6. GLOBAL
INVENTORY TAGS MARKET OUTLOOK- BY END-USER
6.1. RETAIL
6.2. TRANSPORTATION
AND LOGISTICS
6.3. INDUSTRIAL
6.4. OTHER
END-USERS
7. GLOBAL
INVENTORY TAGS MARKET - BY REGIONAL OUTLOOK
7.1. NORTH
AMERICA
7.1.1. MARKET
BY TECHNOLOGY
7.1.2. MARKET
BY LABEL TYPE
7.1.3. MARKET
BY PRINTING TECHNOLOGY
7.1.4. MARKET
BY END-USER
7.1.5. COUNTRY
ANALYSIS
7.1.5.1. UNITED
STATES
7.1.5.2. CANADA
7.2. EUROPE
7.2.1. MARKET
BY TECHNOLOGY
7.2.2. MARKET
BY LABEL TYPE
7.2.3. MARKET
BY PRINTING TECHNOLOGY
7.2.4. MARKET
BY END-USER
7.2.5. COUNTRY
ANALYSIS
7.2.5.1. UNITED
KINGDOM
7.2.5.2. GERMANY
7.2.5.3. FRANCE
7.2.5.4. SPAIN
7.2.5.5. ITALY
7.2.5.6. POLAND
7.2.5.7. REST
OF EUROPE
7.3. ASIA-PACIFIC
7.3.1. MARKET
BY TECHNOLOGY
7.3.2. MARKET
BY LABEL TYPE
7.3.3. MARKET
BY PRINTING TECHNOLOGY
7.3.4. MARKET
BY END-USER
7.3.5. COUNTRY
ANALYSIS
7.3.5.1. CHINA
7.3.5.2. JAPAN
7.3.5.3. INDIA
7.3.5.4. SOUTH
KOREA
7.3.5.5. ASEAN
COUNTRIES
7.3.5.6. AUSTRALIA
& NEW ZEALAND
7.3.5.7. REST
OF ASIA-PACIFIC
7.4. LATIN
AMERICA
7.4.1. MARKET
BY TECHNOLOGY
7.4.2. MARKET
BY LABEL TYPE
7.4.3. MARKET
BY PRINTING TECHNOLOGY
7.4.4. MARKET
BY END-USER
7.4.5. COUNTRY
ANALYSIS
7.4.5.1. BRAZIL
7.4.5.2. MEXICO
7.4.5.3. REST
OF LATIN AMERICA
7.5. MIDDLE
EAST AND AFRICA
7.5.1. MARKET
BY TECHNOLOGY
7.5.2. MARKET
BY LABEL TYPE
7.5.3. MARKET
BY PRINTING TECHNOLOGY
7.5.4. MARKET
BY END-USER
7.5.5. COUNTRY
ANALYSIS
7.5.5.1. UNITED
ARAB EMIRATES
7.5.5.2. SAUDI
ARABIA
7.5.5.3. TURKEY
7.5.5.4. SOUTH
AFRICA
7.5.5.5. REST
OF MIDDLE EAST & AFRICA
8. COMPETITIVE
LANDSCAPE
8.1. 3M
8.2. ALIEN
TECHNOLOGY LLC
8.3. ZEBRA
TECHNOLOGIES CORPORATION
8.4. BRADY
WORLDWIDE INC
8.5. CAMCODE
8.6. CENVEO
8.7. HONEYWELL
INTERNATIONAL INC
8.8. SATO
HOLDINGS CORPORATION
8.9. CCL
INDUSTRIES INC
8.10. JOHNSON
CONTROLS INC
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE
1: GLOBAL INVENTORY TAGS MARKET, BY REGIONAL OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE
2: VENDOR SCORECARD
TABLE
3: LIST OF ACQUISITIONS
TABLE
4: LIST OF PRODUCT LAUNCHES
TABLE
5: LIST OF COLLABORATIONS
TABLE
6: LIST OF INVESTMENTS & EXPANSIONS
TABLE
7: GLOBAL INVENTORY TAGS MARKET, BY TECHNOLOGY, 2023-2030 (IN $ MILLION)
TABLE
8: GLOBAL INVENTORY TAGS MARKET, BY LABEL TYPE, 2023-2030 (IN $ MILLION)
TABLE
9: GLOBAL INVENTORY TAGS MARKET, BY PRINTING TECHNOLOGY, 2023-2030 (IN $
MILLION)
TABLE
10: GLOBAL INVENTORY TAGS MARKET, BY END-USER, 2023-2030 (IN $ MILLION)
TABLE
11: GLOBAL INVENTORY TAGS MARKET, BY REGIONAL OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE
12: NORTH AMERICA INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE
13: NORTH AMERICA INVENTORY TAGS MARKET, BY TECHNOLOGY, 2023-2030 (IN $
MILLION)
TABLE
14: NORTH AMERICA INVENTORY TAGS MARKET, BY LABEL TYPE, 2023-2030 (IN $
MILLION)
TABLE
15: NORTH AMERICA INVENTORY TAGS MARKET, BY PRINTING TECHNOLOGY, 2023-2030 (IN
$ MILLION)
TABLE
16: NORTH AMERICA INVENTORY TAGS MARKET, BY END-USER, 2023-2030 (IN $ MILLION)
TABLE
17: EUROPE INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE
18: EUROPE INVENTORY TAGS MARKET, BY TECHNOLOGY, 2023-2030 (IN $ MILLION)
TABLE
19: EUROPE INVENTORY TAGS MARKET, BY LABEL TYPE, 2023-2030 (IN $ MILLION)
TABLE
20: EUROPE INVENTORY TAGS MARKET, BY PRINTING TECHNOLOGY, 2023-2030 (IN $
MILLION)
TABLE
21: EUROPE INVENTORY TAGS MARKET, BY END-USER, 2023-2030 (IN $ MILLION)
TABLE
22: ASIA-PACIFIC INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE
23: ASIA-PACIFIC INVENTORY TAGS MARKET, BY TECHNOLOGY, 2023-2030 (IN $ MILLION)
TABLE
24: ASIA-PACIFIC INVENTORY TAGS MARKET, BY LABEL TYPE, 2023-2030 (IN $ MILLION)
TABLE
25: ASIA-PACIFIC INVENTORY TAGS MARKET, BY PRINTING TECHNOLOGY, 2023-2030 (IN $
MILLION)
TABLE
26: ASIA-PACIFIC INVENTORY TAGS MARKET, BY END-USER, 2023-2030 (IN $ MILLION)
TABLE
27: LATIN AMERICA INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE
28: LATIN AMERICA INVENTORY TAGS MARKET, BY TECHNOLOGY, 2023-2030 (IN $
MILLION)
TABLE
29: LATIN AMERICA INVENTORY TAGS MARKET, BY LABEL TYPE, 2023-2030 (IN $
MILLION)
TABLE
30: LATIN AMERICA INVENTORY TAGS MARKET, BY PRINTING TECHNOLOGY, 2023-2030 (IN
$ MILLION)
TABLE
31: LATIN AMERICA INVENTORY TAGS MARKET, BY END-USER, 2023-2030 (IN $ MILLION)
TABLE
32: MIDDLE EAST AND AFRICA INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2023-2030
(IN $ MILLION)
TABLE
33: MIDDLE EAST AND AFRICA INVENTORY TAGS MARKET, BY TECHNOLOGY, 2023-2030 (IN
$ MILLION)
TABLE
34: MIDDLE EAST AND AFRICA INVENTORY TAGS MARKET, BY LABEL TYPE, 2023-2030 (IN
$ MILLION)
TABLE
35: MIDDLE EAST AND AFRICA INVENTORY TAGS MARKET, BY PRINTING TECHNOLOGY,
2023-2030 (IN $ MILLION)
TABLE 36: MIDDLE EAST
AND AFRICA INVENTORY TAGS MARKET, BY END-USER, 2023-2030 (IN $ MILLION)
FIGURE
1: KEY MARKET TRENDS
FIGURE
2: PORTER’S FIVE FORCES ANALYSIS
FIGURE
3: MARKET ATTRACTIVENESS INDEX
FIGURE
4: GLOBAL INVENTORY TAGS MARKET, BY TECHNOLOGY, 2022 & 2030 (IN %)
FIGURE
5: GLOBAL INVENTORY TAGS MARKET, BY BARCODES, 2023-2030 (IN $ MILLION)
FIGURE
6: GLOBAL INVENTORY TAGS MARKET, BY RFID, 2023-2030 (IN $ MILLION)
FIGURE
7: GLOBAL INVENTORY TAGS MARKET, BY OTHER TECHNOLOGIES, 2023-2030 (IN $
MILLION)
FIGURE
8: GLOBAL INVENTORY TAGS MARKET, BY LABEL TYPE, 2022 & 2030 (IN %)
FIGURE
9: GLOBAL INVENTORY TAGS MARKET, BY PLASTICS, 2023-2030 (IN $ MILLION)
FIGURE
10: GLOBAL INVENTORY TAGS MARKET, BY PAPER, 2023-2030 (IN $ MILLION)
FIGURE
11: GLOBAL INVENTORY TAGS MARKET, BY METAL, 2023-2030 (IN $ MILLION)
FIGURE
12: GLOBAL INVENTORY TAGS MARKET, BY OTHER LABEL TYPES, 2023-2030 (IN $
MILLION)
FIGURE
13: GLOBAL INVENTORY TAGS MARKET, BY PRINTING TECHNOLOGY, 2022 & 2030 (IN
%)
FIGURE
14: GLOBAL INVENTORY TAGS MARKET, BY DIGITAL PRINTING, 2023-2030 (IN $ MILLION)
FIGURE
15: GLOBAL INVENTORY TAGS MARKET, BY FLEXOGRAPHY PRINTING, 2023-2030 (IN $
MILLION)
FIGURE
16: GLOBAL INVENTORY TAGS MARKET, BY GRAVURE PRINTING, 2023-2030 (IN $ MILLION)
FIGURE
17: GLOBAL INVENTORY TAGS MARKET, BY OFFSET PRINTING, 2023-2030 (IN $ MILLION)
FIGURE
18: GLOBAL INVENTORY TAGS MARKET, BY OTHER PRINTING TECHNOLOGIES, 2023-2030 (IN
$ MILLION)
FIGURE
19: GLOBAL INVENTORY TAGS MARKET, BY END-USER, 2022 & 2030 (IN %)
FIGURE
20: GLOBAL INVENTORY TAGS MARKET, BY RETAIL, 2023-2030 (IN $ MILLION)
FIGURE
21: GLOBAL INVENTORY TAGS MARKET, BY TRANSPORTATION AND LOGISTICS, 2023-2030
(IN $ MILLION)
FIGURE
22: GLOBAL INVENTORY TAGS MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)
FIGURE
23: GLOBAL INVENTORY TAGS MARKET, BY OTHER PRINTING TECHNOLOGIES, 2023-2030 (IN
$ MILLION)
FIGURE
24: GLOBAL INVENTORY TAGS MARKET, BY REGIONAL OUTLOOK, 2022 & 2030 (IN %)
FIGURE
25: NORTH AMERICA INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030
(IN %)
FIGURE
26: UNITED STATES INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
27: CANADA INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
28: EUROPE INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE
29: UNITED KINGDOM INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
30: GERMANY INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
31: FRANCE INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
32: SPAIN INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
33: ITALY INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
34: POLAND INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
35: REST OF EUROPE INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
36: ASIA-PACIFIC INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN
%)
FIGURE
37: CHINA INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
38: JAPAN INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
39: INDIA INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
40: SOUTH KOREA INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
41: ASEAN COUNTRIES INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
42: AUSTRALIA & NEW ZEALAND INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
43: REST OF ASIA-PACIFIC INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
44: LATIN AMERICA INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030
(IN %)
FIGURE
45: BRAZIL INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
46: MEXICO INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
47: REST OF LATIN AMERICA INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
48: MIDDLE EAST & AFRICA INVENTORY TAGS MARKET, BY COUNTRY OUTLOOK, 2022 &
2030 (IN %)
FIGURE
49: UNITED ARAB EMIRATES INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
50: SAUDI ARABIA INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
51: TURKEY INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
52: SOUTH AFRICA INVENTORY TAGS MARKET 2023-2030 (IN $ MILLION)
FIGURE
53: REST OF MIDDLE EAST & AFRICA INVENTORY TAGS MARKET 2023-2030 (IN $
MILLION)