DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Inventory Tags Market by Technology (Barcodes, RFID), Label Type (Plastic, Paper, Metal), Printing technology, End-Use (Industrial, Retail, Others) - Global Forecast to 2021" report to their offering.
The global inventory tags market size is projected to grow from USD 4.08 billion in 2016 to reach USD 5.07 billion by 2021, at a CAGR of 4.43%.
Increasing concerns for efficient tracking of an enterprise's assets, the need for managing an efficient supply chain, and rising counterfeit products in the market are factors encouraging manufacturing to use inventory tags technologies. Real time tracking has wide applications in industry verticals such as healthcare, logistics & transportation, industrial manufacturing, process industries, government, defense, and retail among others.
The industrial sector is projected to be the fastest-growing end-use sector in the next five years. Due to the stringent laws & regulations enacted by the government towards theft and counterfeiting, and the increasing importance given to package security by manufacturers, the demand for inventory tags technologies is projected to grow in this sector.
Europe accounted for the largest share in the inventory tags market in 2015, and is projected to dominate the market during the forecast period. The market for Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Rise in counterfeit products present in the market, increasing brand awareness, awareness among buyers about product information, the growing e-commerce industry, developments in printing technologies, and concerns regarding the impact of counterfeit products on the brand image of genuine products are driving the inventory tags market.
Due to technological developments in countries such as Germany, the U.K., and France, the inventory tags market in these countries is projected to grow at a much higher rate than the remaining European countries
- 3M Company
- Alien Technology, Inc.
- Avery Dennison Corporation
- Brady Corporation
- Cenveo Inc.
- Checkpoint Systems, Inc.
- Hewlett-Packard Company
- Smartrac N.V.
- Tyco International Plc
Zebra Technologies Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Inventory Tags Market, By Technology
7 Inventory Tags Market, By Label Type
8 Inventory Tags Market, By Printing Technology
9 Inventory Tags Market, By End Use
10 Inventory Tags Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/92svn3/inventory_tags