Inventory Tags Market - 2019 Inventory Tag Market - 2019

Inventory Tags Market worth 5.07 Billion USD by 2021
According to the new research report "Inventory Tags Market by Technology (Barcodes, RFID), Label Type
(Plastic, Paper, Metal), Printing technology (Digital Printing, Flexography, Lithography, Screen Printing, Gravure,
Others), End-Use (Industrial, Retail, Others) - Global Forecast to 2021", The inventory tags market size is
projected to grow from USD 4.08 Billion in 2016 to reach USD 5.07 Billion by 2021, at an estimated CAGR of 4.43%.
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The Inventory Tags Market is projected to witness significant growth in the future with the increasing popularity of
the benefits of authentication technologies and the need for track & trace technologies, which are embedded in
packaging. Developing markets such as China, Brazil, and India are emerging as growth frontiers for the inventory
tags market. Growing economies, globalization, and reduced trade barriers act as the main drivers for increased
opportunities in these countries.
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Barcodes is projected to be the largest market segment of the inventory tags market during the forecast period
Track & trace and authentication technologies such as barcodes and RFID are some of the technologies used by
companies to track their inventory. Barcode technologies are the most conventional and prominent technologies
used in the inventory tags market. This segment dominated the inventory tags market in 2015, and this trend is
projected to continue through 2021. In current economic conditions, retailers and manufacturers recognize that
additional investments in loss prevention is necessary to combat the increasing level of inventory loss due to theft
and counterfeiting. Logistics & transportation companies also benefit by using track & trace technologies as they
can locate the package at any point during the delivery process. Track & trace technologies such as RFIDs and
barcodes help in identifying the product as well as help in tracing the product across the supply chain.
Digital printing is projected to be the fastest-growing segment of the inventory tags market during the forecast
period
The Inventory Tags Market, by printing technology, is classified into nine segments, namely, digital printing,
flexographic printing, gravure printing, thermal printing, screen printing, lithography, offset, and letterpress. The
digital printing segment accounted for the largest market share in 2015 with its numerous benefits such as high-
quality, cost-effective solution for manufacturing well-designed inventory tags with recycling options. Digital
printing also uses ink-jet printing to print images.
Asia-Pacific to play a key role in the inventory tags market
Factors such as strong government support, efforts towards standardization, expanding application segments,
convergence of technologies, rising awareness of using inventory tracking technologies, increasing urbanized