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


The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Report highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • 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
  • Must-have information for market players to sustain and enhance their market footprint


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:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • 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)


TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Inventory Tags Market

Pre Book