This report provides exclusive insights into the COVID-19 impact on the Inventory Tags Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Inventory Tags Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Inventory Tags Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the inventory
tags market provides an in-depth analysis of segments and sub-segments in the
global as well as regional inventory tags market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
inventory tags market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
inventory tags market. According to the report, the global inventory tags
market is projected to grow at a CAGR of 4.41% over the forecast period of
For identification and differentiation, the objects in the
inventories are labeled or tagged. The tags help in the smooth functioning of
the warehouse and proper inventory management. The inventory tags can be of
various types depending on the material and identification technology. The
market for inventory tags is highly competitive and consolidated in nature.
Only a few of the major players in the market control a substantial part of the
market share. The key players in the market including 3M Company, Avery
Dennison Corporation, Tyco International plc, Checkpoint Systems, Inc, Brady
Corporation, Zebra Technologies Corporation, Alien Technology Inc and others
are focusing on developing innovative products and technologies to sustain
their share in the market.
The rise in the use of inventory tags is majorly driving the
inventory tags market. Increasing demand for track and trace technology for
inventory management has expanded in order to decrease the overhead expenses
and wastage in the inventories. Moreover, the growing efforts toward
standardization are expanding the demand for inventory tags. Through
standardization, the functioning in the inventories can be carried out
smoothly, which reduces the time and effort for inventory management.
Furthermore, the increasing demand for efficient tracking is supporting the
growth of the inventory tags market. However, the lack of skilled labor and the
high initial cost is the major restraining factor for the growth of the
inventory tags market. Nevertheless, the growth in the e-commerce industry is
expected to offer lucrative opportunities for the key players in the inventory
tags market. The e-commerce companies need warehouses to store their goods,
which require tags to manage them properly.
In terms of geography, Europe generated the highest revenue for
inventory tags, dominating the global market. The largest market share of the
European region attributed to the government initiative to annihilate
counterfeit products and advancement in technologies. Moreover, the highly
organized industries and retail sectors in the region are expected to grow the
Europe inventory tags market.
The report on the global inventory tags market covers segments such as
material, technology, and end users. On the basis of material, the sub-markets
include plastics, paper, metal, and other materials. On the basis of
technology, the sub-markets include barcode, RFID, and QR code. On the basis of
end users, the sub-markets include industrial, logistics, retail, and other end
The report provides profiles of the companies in the market such
as 3M Company, Avery Dennison Corporation, Tyco International plc, Checkpoint
Systems, Inc, Brady Corporation, Zebra Technologies Corporation, Alien
Technology Inc., Smartrac N.V., Hewlett-Packard Company, Cenveo Corporation,
and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of inventory tags
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.