Global Inventory Tags Market Size, Trends, by Label Type (Plastic, Paper, Metal, and Others), by Technology (Barcodes, RFID, QR Codes, Near Field Communication (NFC), Internet of Things (IoT), by Printing Type (Dot Matrix Printing, Thermal Printing, Laser Printing, Screen Printing, Inkjet Printing, Flexographic Printing, and Others), by Application (Inventory Management, Manufacturing, Feet Management, Asset Tracking, Production and Quality Control, Maintenance and Compliance, and Others), and By End Use (Retail, Manufacturing, Warehousing and Distribution, Automotive, Aviation and Aerospace, Healthcare and Pharmaceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.
Report ID : IR1001025 | Industries : Energy & Power | Published On :June 2024 | Page Count : 243
Global Inventory Tags Market Size, Trends, by Label Type (Plastic, Paper, Metal, and Others), by Technology (Barcodes, RFID, QR Codes, Near Field Communication (NFC), Internet of Things (IoT), by Printing Type (Dot Matrix Printing, Thermal Printing, Laser Printing, Screen Printing, Inkjet Printing, Flexographic Printing, and Others), by Application (Inventory Management, Manufacturing, Feet Management, Asset Tracking, Production and Quality Control, Maintenance and Compliance, and Others), and By End Use (Retail, Manufacturing, Warehousing and Distribution, Automotive, Aviation and Aerospace, Healthcare and Pharmaceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.
Global Inventory Tags Market
Global Inventory Tags was valued at US$ 5,926.06 Mn in 2023, estimated to reach US$ 8,497.96 Mn by 2030, with a CAGR of 5.20% from 2024-2030.
An inventory tag is a barcode label or plate attached to a product or its packaging for tracking purposes. It enables manual stocktaking or can be linked to scanners and an Inventory Management System (IMS) for automated counting. This identifier streamlines inventory control by providing accurate, real-time tracking of stock levels, location, and movement within a warehouse or facility. By integrating with IMS, businesses gain efficiency and accuracy in inventory management, minimizing errors and reducing the time and effort required for stock audits and replenishment processes.
Market Drivers
RFID tags are revolutionizing inventory management by providing real-time tracking and monitoring capabilities. Unlike traditional barcode systems, RFID tags can be scanned without direct line-of-sight, allowing for quicker and more efficient data capture. This technology enhances accuracy, reduces manual errors, and streamlines the entire inventory management process.
With RFID inventory tags, businesses can automate their tracking processes, leading to improved efficiency in supply chain management, reduced labor costs, and minimized instances of stock outs or overstock. The ability to gain real-time insights into inventory levels and movements empowers organizations to make informed decisions promptly.
In essence, the growing adoption of RFID technology is a key driver propelling the global inventory tags market forward, as businesses seek innovative solutions to optimize their supply chain and inventory operations.
Market Restraints
The global inventory tags market is experiencing robust growth driven by the increasing demand for streamlined inventory management across diverse industries. However, a notable restraint in the widespread adoption of inventory tags lies in the challenges associated with the initial capital investment.
Businesses face substantial upfront costs, including the acquisition of tags, implementation of compatible technology infrastructure, and training of personnel. This financial hurdle may pose a barrier for some organizations, particularly smaller ones with limited budgets, hindering their ability to embrace this technology.
Despite this constraint, as technology advances and economies of scale come into play, the initial capital investment challenges are expected to diminish, making inventory tags more accessible and cost-effective for a broader range of businesses in the future.
Market Segmentation
The scope of the Inventory Tags market covers segmentation based on By Label Type, By Technology, Printing Type, Application, By End Use, and by region.
By Label Type, the market is segmented into Plastic, Paper, Metal, and Others.
By Technology, the market is segmented into Barcodes, RFID, QR Codes, Near Field Communication (NFC), Internet of Things (IoT), and Others.
By Printing Type, the market is segmented into Dot Matrix Printing, Thermal Printing, Laser Printing, Screen Printing, Inkjet Printing, Flexographic Printing, and Others.
By Application, the market is segmented into Inventory Management, Manufacturing, Feet Management, Asset Tracking, Production and Quality Control, Maintenance and Compliance, and Others.
Further, the market is segmented into End Use such as Retail, Manufacturing, Warehousing and Distribution, Automotive, Aviation and Aerospace, Healthcare and Pharmaceuticals, and Others.
Regional Analysis
The global Inventory Tags Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America is expected to hold the largest share owing to RFID technology is increasingly being employed by North American businesses for inventory management. RFID tags enable real-time tracking, which improves supply chain efficiency and accuracy. The continued growth of e-commerce in North America has increased the demand for accurate inventory tracking and management.
The market in North America & Asia-Pacific is expected to grow gradually over the next few years due to Retailers are increasingly adopting inventory tagging systems to optimize inventory management, reduce stockouts, and enhance customer satisfaction.
Key Players
Avery Dennison Corporation, Tyco International plc, 3M Company, Brady Corporation, Info-communications Media Development Authority, Zebra Technologies Corporation, Alien Technology Inc., Checkpoint Systems Inc., Hewlett-Packard Company, ID Integration, Inc, etc.
Market Taxonomy
By Label Type
• Plastic
• Paper
• Metal
• Others
By Technology
• Barcodes
• RFID
• QR Codes
• Near Field Communication (NFC)
• Internet of Things (IoT)
• Others
By Printing Type
• Dot Matrix Printing
• Thermal Printing
• Laser Printing
• Screen Printing
• Inkjet Printing
• Flexographic Printing
• Others
By Application
• Inventory Management
• Manufacturing
• Feet Management
• Asset Tracking
• Production and Quality Control
• Maintenance and Compliance
• Others
By End Use
• Retail
• Manufacturing
• Warehousing and Distribution
• Automotive
• Aviation and Aerospace
• Healthcare and Pharmaceuticals
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Inventory Tags Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Inventory Tags Market, By Label Type
5.1 Y-o-Y Growth Comparison, By Label Type
5.2 Global Inventory Tags Market Share Analysis, By Label Type
5.3 Global Inventory Tags Market Size and Forecast, By Label Type
5.3.1 Plastic
5.3.2 Paper
5.3.3 Metal
5.3.4 Others
6 Global Inventory Tags Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Inventory Tags Market Share Analysis, By Technology
6.3 Global Inventory Tags Market Size and Forecast, By Technology
6.3.1 Barcodes
6.3.2 RFID
6.3.2 QR Codes
6.3.2 Near Field Communication (NFC)
6.3.2 Internet of Things (IoT)
6.3.2 Others
7 Global Inventory Tags Market, By Printing Type
7.1 Y-o-Y Growth Comparison, By Printing Type
7.2 Global Inventory Tags Market Share Analysis, By Printing Type
7.3 Global Inventory Tags Market Size and Forecast, By Printing Type
7.3.1 Dot Matrix Printing
7.3.2 Thermal Printing
7.3.3 Laser Printing
7.3.4 Screen Printing
7.3.5 Inkjet Printing
7.3.6 Flexographic Printing
7.3.7 Others
8 Global Inventory Tags Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Inventory Tags Market Share Analysis, By Application
8.3 Global Inventory Tags Market Size and Forecast, By Application
8.3.1 Inventory Management
8.3.2 Manufacturing
8.3.3 Feet Management
8.3.3 Asset Tracking
8.3.3 Production and Quality Control
8.3.3 Maintenance and Compliance
8.3.3 Others
9 Global Inventory Tags Market, By End Use
9.1 Y-o-Y Growth Comparison, By End Use
9.2 Global Inventory Tags Market Share Analysis, By End Use
9.3 Global Inventory Tags Market Size and Forecast, By End Use
9.3.1 Retail
9.3.2 Manufacturing
9.3.3 Warehousing and Distribution
9.3.3 Automotive
9.3.3 Aviation and Aerospace
9.3.3 Healthcare and Pharmaceuticals
9.3.3 Others
10 Global Inventory Tags Market, By Region
10.1 Global Inventory Tags Market Share Analysis, By Region
10.2 Global Inventory Tags Market Size and Forecast, By Region
10.3 Global Inventory Tags Market Trends and Forecast, By Region
11 North America Inventory Tags Market Analysis and Forecast (2024-2030)
11.1 Introduction
11.2 North America Inventory Tags Market Size and Forecast, By Label Type
11.3 North America Inventory Tags Market Size and Forecast, By Technology
11.4 North America Inventory Tags Market Size and Forecast, By Printing Type
11.5 North America Inventory Tags Market Size and Forecast, By Application
11.6 North America Inventory Tags Market Size and Forecast, By End Use
11.7 North America Inventory Tags Market Size and Forecast, By Country
11.7.1 U.S.
11.7.1.1 Market Size and Forecast, By Label Type
11.7.1.2 Market Size and Forecast, By Technology
11.7.1.3 Market Size and Forecast, By Printing Type
11.7.1.4 Market Size and Forecast, By Application
11.7.1.5 Market Size and Forecast, By End Use
11.7.2 Canada
11.7.2.1 Market Size and Forecast, By Label Type
11.7.2.2 Market Size and Forecast, By Technology
11.7.2.3 Market Size and Forecast, By Printing Type
11.7.2.4 Market Size and Forecast, By Application
11.7.2.5 Market Size and Forecast, By End Use
11.7.3 Mexico
11.7.3.1 Market Size and Forecast, By Label Type
11.7.3.2 Market Size and Forecast, By Technology
11.7.3.3 Market Size and Forecast, By Printing Type
11.7.3.4 Market Size and Forecast, By Application
11.7.3.5 Market Size and Forecast, By End Use
12 Europe Inventory Tags Market Analysis and Forecast (2024-2030)
12.1 Introduction
12.2 Europe Inventory Tags Market Size and Forecast, By Label Type
12.3 Europe Inventory Tags Market Size and Forecast, By Technology
12.4 Europe Inventory Tags Market Size and Forecast, By Printing Type
12.5 Europe Inventory Tags Market Size and Forecast, By Application
12.6 Europe Inventory Tags Market Size and Forecast, By End Use
12.7 Europe Inventory Tags Market Size and Forecast, By Country
12.7.1 Germany
12.7.1.1 Market Size and Forecast, By Label Type
12.7.1.2 Market Size and Forecast, By Technology
12.7.1.3 Market Size and Forecast, By Printing Type
12.7.1.4 Market Size and Forecast, By Application
12.7.1.5 Market Size and Forecast, By End Use
12.7.2 France
12.7.2.1 Market Size and Forecast, By Label Type
12.7.2.2 Market Size and Forecast, By Technology
12.7.2.3 Market Size and Forecast, By Printing Type
12.7.2.4 Market Size and Forecast, By Application
12.7.2.5 Market Size and Forecast, By End Use
12.7.3 UK
12.7.3.1 Market Size and Forecast, By Label Type
12.7.3.2 Market Size and Forecast, By Technology
12.7.3.3 Market Size and Forecast, By Printing Type
12.7.3.4 Market Size and Forecast, By Application
12.7.3.5 Market Size and Forecast, By End Use
12.7.4 Russia
12.7.4.1 Market Size and Forecast, By Label Type
12.7.4.2 Market Size and Forecast, By Technology
12.7.4.3 Market Size and Forecast, By Printing Type
12.7.4.4 Market Size and Forecast, By Application
12.7.4.5 Market Size and Forecast, By End Use
12.7.5 Italy
12.7.5.1 Market Size and Forecast, By Label Type
12.7.5.2 Market Size and Forecast, By Technology
12.7.5.3 Market Size and Forecast, By Printing Type
12.7.5.4 Market Size and Forecast, By Application
12.7.5.5 Market Size and Forecast, By End Use
12.7.6 Spain
12.7.6.1 Market Size and Forecast, By Label Type
12.7.6.2 Market Size and Forecast, By Technology
12.7.6.3 Market Size and Forecast, By Printing Type
12.7.6.4 Market Size and Forecast, By Application
12.7.6.5 Market Size and Forecast, By End Use
12.7.7 Rest of Europe
12.7.7.1 Market Size and Forecast, By Label Type
12.7.7.2 Market Size and Forecast, By Technology
12.7.7.3 Market Size and Forecast, By Printing Type
12.7.7.4 Market Size and Forecast, By Application
12.7.7.5 Market Size and Forecast, By End Use
13 Asia Pacific Inventory Tags Market Analysis and Forecast (2024-2030)
13.1 Introduction
13.2 Asia Pacific Inventory Tags Market Size and Forecast, By Label Type
13.3 Asia Pacific Inventory Tags Market Size and Forecast, By Technology
13.4 Asia Pacific Inventory Tags Market Size and Forecast, By Printing Type
13.5 Asia Pacific Inventory Tags Market Size and Forecast, By Application
13.6 Asia Pacific Inventory Tags Market Size and Forecast, By End Use
13.7 Asia Pacific Inventory Tags Market Size and Forecast, By Country
13.7.1 China
13.7.1.1 Market Size and Forecast, By Label Type
13.7.1.2 Market Size and Forecast, By Technology
13.7.1.3 Market Size and Forecast, By Printing Type
13.7.1.4 Market Size and Forecast, By Application
13.7.1.5 Market Size and Forecast, By End Use
13.7.2 Japan
13.7.2.1 Market Size and Forecast, By Label Type
13.7.2.2 Market Size and Forecast, By Technology
13.7.2.3 Market Size and Forecast, By Printing Type
13.7.2.4 Market Size and Forecast, By Application
13.7.2.5 Market Size and Forecast, By End Use
13.7.3 India
13.7.3.1 Market Size and Forecast, By Label Type
13.7.3.2 Market Size and Forecast, By Technology
13.7.3.3 Market Size and Forecast, By Printing Type
13.7.3.4 Market Size and Forecast, By Application
13.7.3.5 Market Size and Forecast, By End Use
13.7.4 South Korea
13.7.4.1 Market Size and Forecast, By Label Type
13.7.4.2 Market Size and Forecast, By Technology
13.7.4.3 Market Size and Forecast, By Printing Type
13.7.4.4 Market Size and Forecast, By Application
13.7.4.5 Market Size and Forecast, By End Use
13.7.5 Australia
13.7.5.1 Market Size and Forecast, By Label Type
13.7.5.2 Market Size and Forecast, By Technology
13.7.5.3 Market Size and Forecast, By Printing Type
13.7.5.4 Market Size and Forecast, By Application
13.7.5.5 Market Size and Forecast, By End Use
13.7.6 New Zealand
13.7.6.1 Market Size and Forecast, By Label Type
13.7.6.2 Market Size and Forecast, By Technology
13.7.6.3 Market Size and Forecast, By Printing Type
13.7.6.4 Market Size and Forecast, By Application
13.7.6.5 Market Size and Forecast, By End Use
13.7.7 Singapore
13.7.7.1 Market Size and Forecast, By Label Type
13.7.7.2 Market Size and Forecast, By Technology
13.7.7.3 Market Size and Forecast, By Printing Type
13.7.7.4 Market Size and Forecast, By Application
13.7.7.5 Market Size and Forecast, By End Use
13.7.8 Malaysia
13.7.8.1 Market Size and Forecast, By Label Type
13.7.8.2 Market Size and Forecast, By Technology
13.7.8.3 Market Size and Forecast, By Printing Type
13.7.8.4 Market Size and Forecast, By Application
13.7.8.5 Market Size and Forecast, By End Use
13.7.9 Rest of Asia
13.7.9.1 Market Size and Forecast, By Label Type
13.7.9.2 Market Size and Forecast, By Technology
13.7.9.3 Market Size and Forecast, By Printing Type
13.7.9.4 Market Size and Forecast, By Application
13.7.9.5 Market Size and Forecast, By End Use
14 Latin America Inventory Tags Market Analysis and Forecast (2024-2030)
14.1 Introduction
14.2 Latin America Inventory Tags Market Size and Forecast, By Label Type
14.3 Latin America Inventory Tags Market Size and Forecast, By Technology
14.4 Latin America Inventory Tags Market Size and Forecast, By Printing Type
14.5 Latin America Inventory Tags Market Size and Forecast, By Application
14.6 Latin America Inventory Tags Market Size and Forecast, By End Use
14.7 Latin America Inventory Tags Market Size and Forecast, By Country
14.7.1 Brazil
14.7.1.1 Market Size and Forecast, By Label Type
14.7.1.2 Market Size and Forecast, By Technology
14.7.1.3 Market Size and Forecast, By Printing Type
14.7.1.4 Market Size and Forecast, By Application
14.7.1.5 Market Size and Forecast, By End Use
14.7.2 Argentina
14.7.2.1 Market Size and Forecast, By Label Type
14.7.2.2 Market Size and Forecast, By Technology
14.7.2.3 Market Size and Forecast, By Printing Type
14.7.2.4 Market Size and Forecast, By Application
14.7.2.5 Market Size and Forecast, By End Use
14.7.3 Colombia
14.7.3.1 Market Size and Forecast, By Label Type
14.7.3.2 Market Size and Forecast, By Technology
14.7.3.3 Market Size and Forecast, By Printing Type
14.7.3.4 Market Size and Forecast, By Application
14.7.3.5 Market Size and Forecast, By End Use
14.7.4 Peru
14.7.4.1 Market Size and Forecast, By Label Type
14.7.4.2 Market Size and Forecast, By Technology
14.7.4.3 Market Size and Forecast, By Printing Type
14.7.4.4 Market Size and Forecast, By Application
14.7.4.5 Market Size and Forecast, By End Use
14.7.5 Chile
14.7.5.1 Market Size and Forecast, By Label Type
14.7.5.2 Market Size and Forecast, By Technology
14.7.5.3 Market Size and Forecast, By Printing Type
14.7.5.4 Market Size and Forecast, By Application
14.7.5.5 Market Size and Forecast, By End Use
14.7.6 Venezuela
14.7.6.1 Market Size and Forecast, By Label Type
14.7.6.2 Market Size and Forecast, By Technology
14.7.6.3 Market Size and Forecast, By Printing Type
14.7.6.4 Market Size and Forecast, By Application
14.7.6.5 Market Size and Forecast, By End Use
14.7.7 Rest of Latin America
14.7.7.1 Market Size and Forecast, By Label Type
14.7.7.2 Market Size and Forecast, By Technology
14.7.7.3 Market Size and Forecast, By Printing Type
14.7.7.4 Market Size and Forecast, By Application
14.7.7.5 Market Size and Forecast, By End Use
15 Middle East Inventory Tags Market Analysis and Forecast (2024-2030)
15.1 Introduction
15.2 Middle East Inventory Tags Market Size and Forecast, By Label Type
15.3 Middle East Inventory Tags Market Size and Forecast, By Technology
15.4 Middle East Inventory Tags Market Size and Forecast, By Printing Type
15.5 Middle East Inventory Tags Market Size and Forecast, By Application
15.6 Middle East Inventory Tags Market Size and Forecast, By End Use
15.7 Middle East Inventory Tags Market Size and Forecast, By Country
15.7.1 Saudi Arabia
15.7.1.1 Market Size and Forecast, By Label Type
15.7.1.2 Market Size and Forecast, By Technology
15.7.1.3 Market Size and Forecast, By Printing Type
15.7.1.4 Market Size and Forecast, By Application
15.7.1.5 Market Size and Forecast, By End Use
15.7.2 UAE
15.7.2.1 Market Size and Forecast, By Label Type
15.7.2.2 Market Size and Forecast, By Technology
15.7.2.3 Market Size and Forecast, By Printing Type
15.7.2.4 Market Size and Forecast, By Application
15.7.2.5 Market Size and Forecast, By End Use
15.7.3 Egypt
15.7.3.1 Market Size and Forecast, By Label Type
15.7.3.2 Market Size and Forecast, By Technology
15.7.3.3 Market Size and Forecast, By Printing Type
15.7.3.4 Market Size and Forecast, By Application
15.7.3.5 Market Size and Forecast, By End Use
15.7.4 Kuwait
15.7.4.1 Market Size and Forecast, By Label Type
15.7.4.2 Market Size and Forecast, By Technology
15.7.4.3 Market Size and Forecast, By Printing Type
15.7.4.4 Market Size and Forecast, By Application
15.7.4.5 Market Size and Forecast, By End Use
15.7.5 South Africa
15.7.5.1 Market Size and Forecast, By Label Type
15.7.5.2 Market Size and Forecast, By Technology
15.7.5.3 Market Size and Forecast, By Printing Type
15.7.5.4 Market Size and Forecast, By Application
15.7.5.5 Market Size and Forecast, By End Use
15.7.6 Rest of Middle East & Africa
15.7.6.1 Market Size and Forecast, By Label Type
15.7.6.2 Market Size and Forecast, By Technology
15.7.6.3 Market Size and Forecast, By Printing Type
15.7.6.4 Market Size and Forecast, By Application
15.7.6.5 Market Size and Forecast, By End Use
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Avery Dennison Corporation
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Tyco International plc
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 3M Company
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Brady Corporation
17.4.1 Overview
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Info-communications Media Development Authority
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Zebra Technologies Corporation
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Alien Technology Inc.
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Checkpoint Systems Inc.
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Hewlett-Packard Company.
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 ID Integration, Inc
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies