The global demand for Inventory Tag Market is presumed to reach the market size of nearly USD 9.19 BN by 2028 from USD 5.92 BN in 2021 with a CAGR of 6.5% under the study period 2022 - 2028.
An inventory tag is a tag that is attached to inventory items to give information regarding the products. These tags are important for inventory management, streamlining production, and maintaining and planning raw material procurement. It aids in supervising workers while counting products and recognizing the number, type, and colour of items. Using inventory tags reduces the risk of human error and simplifies and speeds up the data collection and analysis process.
Market Dynamics
The rise in the demand for real-time tracking is escalating the growth of the inventory tag market. Moreover, the increase in theft concerns is estimated to cushion the inventory tags market growth. Also, the inventory tags market is growing substantially due to the growth in the retail sector. Furthermore, rapid modernization and technological developments are anticipated to propel the growth of the inventory tags market. The growth in internet shopping and e-commerce business will also drive the growth of the inventory tag market, prompting brand owners to set up warehouses to track inventory and order flow data. However, the shortage of professional labourers is projected to impede the market's growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of inventory tag. The growth and trends of inventory tag industry provide a holistic approach to this study.
Market Segmentation
This section of the inventory tag market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Raw Materials
- Plastic
- Vinyl
- Paper
- Metal
By Type Of Print
- Digital Printing
- Direct Thermal Printing
- Thermal Transfer Printing
- Letter Pass Printing
- Screen Printing
- Flexographic Printing
By Verticals
- Industrial
- Commercial
- Retail
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Inventory Tag market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Inventory Tag Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the inventory tag market include 3M Company (US), Henkel AG & Co. KGaA (Germany), Avery Dennison Corporation (US), MACtac(US), Tyco International (Ireland), Checkpoint Systems INC (US), Cenveo INC (US), Zebra Technologies Corporation (US).Brady Corporation (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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