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Inventory Tags Market - Global Industry Analysis, Size, Share, Trends and Forecast 2016 - 2026

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Global Inventory Tags Market: Introduction

A tag is a label attached to a multiple or single products for providing information or identification. On the other hand, an inventory tag is a tag which is attached to several products and is deployed in identifying items & products and assist in tracking and counting the physical inventory. Physical inventory tags represent the actual hard copy tags used by various companies and retail stores to count inventory items. An inventory tag contains a count of a group of a given product/item. Easy to read labels help as a catalyst in boosting the work speed, thus inventory tags are used to read such labels. Inventory tagging has various advantages like automation, cost efficiency and accuracy in tracking inventory through the supply chain network as well as the retail environment. Moreover, it aids in better visibility, expansion of customer experience capabilities and increase the control of inventory. Inventory tagging is critical as it is deployed in determining the amount of inventory on the floor, what inventory is available in the stock rooms as well as what colors and sizes need to be restocked. There are various other benefits of using inventory tags including increased time, labor savings, increase in stocked floor plan, increased accuracy and reduction in clearance items due to excess ordering and incorrect inventory.

Global Inventory Tags Market: Segmentation

The global inventory tags market can be segmented on the basis of technology, label type, end-use industry and printing method. On the basis of technology, the global inventory tags market can be segmented into RFID, barcodes and others (QR codes, tags etc.). On the basis of label type, the global inventory tags market can be segmented into paper, plastic, metal and others (cloth labels, glass labels etc.). On the basis of end-use industry, the global inventory tags market can be segmented into industrial, retail and others (marine, aerospace etc.). On the basis of printing method, the global inventory tags market can be segmented into flexography printing, digital printing, screen printing, offset printing, letterpress printing among others.

Global Inventory Tags Market: Dynamics

Efforts towards standardization, expanding application segments rising awareness for using inventory tags, and convergence of technologies are some major factors driving the growth of the global inventory tags market. Moreover, increase in the per capita disposable income, especially in the developing economies across the globe is another key factor driving the global inventory tags market. Furthermore, imposition of strict laws pertaining to secure packaging and rapid industrialization are other key elements fuelling the global inventory tags market. Also, increasing importance given to package security as well as increasing security measures towards theft and counterfeiting are some other factors driving the growth of the overall global inventory tags market. However, lack of awareness of inventory tags technologies, high initial costs and lack of skilled labor are some key challenges pertaining in the global inventory tags market.

Global Inventory Tags Market: Region-wise Outlook

The global inventory tags market is divided into seven major regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. North America is expected to dominate the global inventory tags market due to increase in use of inventory tags in almost all the retail and wholesale stores as well as industries. Western Europe is expected to be the second dominant region in the global inventory tags market. Asia-Pacific excluding Japan is expected to witness the highest growth over the forecast period due to rapid industrialization and increase in industrial trade especially in the developing economies such as China, India etc.

Global Inventory Tags Market: Key Players

Major players involved in the manufacture of inventory tags across the globe include Avery Dennison Corporation, 3M Company, Tyco International Plc., Brady Corporation, IMDA, Zebra Technologies Corporation, Alien Technology Inc., Checkpoint Systems Inc., Smartrac N.V., Hewlett-Packard Company among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain
     

Regional analysis includes:

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern Europe
  • Middle East & Africa


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Report highlights:

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  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
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The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

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  • Competitive insights
  • Opportunity mapping in terms of technological break throughs

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)


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