Global Tagging Machines - Market Overview:

Tagging machines and tagging products such as Radio Frequency Identification (RFID) tags are used for identification and tracking of products and play a significant role in the packaging industry. Demand for tagging machines has increased substantially over the past three to four years, as RFIDs are used across various industries for identification and tracking. The market for tagging machines is at a nascent stage currently, but is expected to witness significant growth over forecast period, 2016–2024. Awareness regarding electronic tagging is growing globally owing to rapid growth of industries such as textiles, pharmaceuticals, FMCG, cosmetics, etc. RFID technology is used in tags, thereby enabling identification of the specifications of a tagged product using a reader device. Identification and tracking measures help to eradicate issues pertaining to counterfeiting and robbery of products such as apparel, electronic goods, expensive perfumes, consumables, DVDs, CDs etc. to name a few.

Global Tagging Machines - Market Dynamics:

Demand from the retail clothing market is significantly high owing to rapid growth of this sector globally, and this trend is expected to continue over the forecast period. In addition, increasing growth in the textile industry is further driving demand for tagging machines. Moreover, increasing per capita disposable income in developing countries is a key factor driving growth of the global tagging machines market. This is attributed to an increasing number of consumers purchasing premium products such as branded apparel and perfumes, and other products that retailers use RFID tags to track or identify in malls and stores etc. Rapid industrialization and stringent norms regarding secure and safe packaging are other factors fueling demand for tagging machines globally. Growth of the tagging machines market is moderately hampered by high installation cost and lack of awareness regarding this emerging technology.

Global Tagging Machines - Market Segmentation:

The global tagging machines market is segmented on the basis of product type, material type, technology type, and end user type.

Segmentation on the basis of product type:

  • Semi-automatic
  • Fully automatic

Segmentation on the basis of material type:

  • Plastic
  • Paper
  • Metal
  • Cloth

Segmentation on the basis of technology type:

  • RFID
  • Barcode
  • QR code

Segmentation on the basis of end user type:

  • Garments manufacturers
  • Footwear manufacturers
  • FMCG
  • Pharmaceutical manufacturers
  • Cosmetics manufacturers

Global Tagging Machines – Regional Overview:

The global tagging machines market is segmented on the basis of region as:

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

The tagging machines market in Asia Pacific excluding Japan is expected to account for highest revenue growth as compared to markets in other regions. Markets in India and China are projected to remain dominant in terms of revenue due to relatively large retail industry and technological advancements in these developing economies. Furthermore, growth of the market in Asia Pacific is expected to be driven by increasing disposable income and spending power among consumers in countries in the region. North America is expected to be the second dominant region, accounting for two-thirds of the revenue contributed by the Asia Pacific excluding Japan market to the global market. The market in Europe is expected to witness above average growth, with Germany, France, and the U.K. ranking high in terms of demand for tagging machines. The market in the Middle East & Africa region is expected to witness a significant increase in revenue contribution from sales in GCC countries, South Africa, and Egypt.  

Global Tagging Machines – Key players:

Some of the key players in the tagging machines market are Smartrac N.V., Checkpoint Systems, Inc., which is a division of CCL Industries Inc., The M&R Companies, Sundbirsta, which is a subsidiary of Danieli & C.Officine Meccaniche SpA., DuPont, Metalcraft, Inc., ZIH Corp., MDM Inc., and Pannier Corporation. These key players are focused on entering into markets in developing economies and increasing respective market shares.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

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, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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

Tagging Machines Market

Pre Book