The Inventory Tags Global Market Report 2023, provides comprehensive information on the inventory tags market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Inventory Tags Global Market Report 2023, the global inventory tags market size is expected to grow from $5.32 billion in 2022 to $5.55 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global inventory tags market size is expected to reach $6.64 billion in 2027 at a CAGR of 4.6%.
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Technological advancements are a key trend gaining popularity in the inventory tags market. Companies operating in the inventory tags market are adopting new technologies to sustain their position in the market. For instance, in October 2020, Sato Holding Corporation, a Japan-based auto-ID service provider, launched ASETRA, a radio frequency identification (RFID) asset management system. This system is specifically designed to simplify the management of special tools and returnable items for manufacturers and logistic services providers. AESTRA allows manufacturers and logistic services providers to store service information digitally like the age of tools, purchase date, and returnable items in RFID tags and helps in the management of the product cycle.
The inventory tags market is segmented:
1) By Type: Plastic, Paper, Metal, Other Types
2) By Printing Technology: Offset Printing, Digital Printing, Flexography Printing, Gravure Printing, Other Printing Technologies
3) By End-Users: Industrial, Commercial, Retail, Other End-Users
North America was the largest region in the inventory tags market in 2022.
The table of contents in TBRC’s inventory tags market report includes:
- Executive Summary
- Inventory Tags Market Characteristics
- Inventory Tags Market Trends And Strategies
- Inventory Tags Market – Macro Economic Scenario
- Inventory Tags Market Size And Growth
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- Africa Inventory Tags Market
- Inventory Tags Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Inventory Tags Market
- Inventory Tags Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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