Global Track and Trace Solutions Market Size Study & Forecast, by Type, by Component, by Technology (Linear Barcode, 2D Barcode, Radiofrequency Identification, Others), by End-user, and Regional Analysis, 2023-2030

Description

List of Tables

Global Track and Trace Solutions Market is valued at approximately USD 5.52 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.7% during the forecast period 2023-2030. Track and trace solutions are technological systems designed to monitor and record the movement of products throughout the supply chain, ensuring transparency and efficiency. These solutions utilize technologies such as barcodes, RFID, and QR codes that facilitate real-time monitoring and updates on the location of products, offering a comprehensive supply chain history from storage to end customers. The increasing demand for transparent and traceable goods transfer is anticipated to propel market growth. Also, the rising emphasis on the implementation of serialization, high growth in generic and OTC Markets, remote authentication of products, and flourishing growth in the medical devices and pharmaceutical industries are the key driving factors for the global market growth.

In addition, the surge in the number of counterfeit drugs is exhibiting a positive influence on the demand of track and trace solutions across the globe. According to the World Health Organization, approximately 10% of medical products circulating in low- and middle-income countries are either substandard or falsified, with the percentage believed to be higher in sub-Saharan African nations, ranging from 19-50%. This issue is a key driver behind the increasing adoption of track-and-trace solutions among drug manufacturers and other stakeholders. Additionally, in December 2020, Janssen Pharmaceutical, a Johnson & Johnson subsidiary, reported the distribution of counterfeit SYMTUZA (darunavir/cobicistat/emtricitabine/tenofovir alafenamide) to more than three pharmacies in the United States. Janssen is actively collaborating with the US Food and Drug Administration (FDA) to halt further distribution and assist in the agency's investigation into these reported incidents. Consequently, these factors are poised to contribute significantly to market growth. Moreover, the rise in the trend towards offshore pharmaceutical manufacturing, as well as the increasing number of packaging-related product recalls presents various lucrative opportunities over the forecasting years. However, the lack of common standards for serialization and aggregation, along with the high setup costs for technologies are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Track and Trace Solutions Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the substantial investments in advanced technologies, coupled with the high availability of counterfeit drugs and medicines available in the regional market. Also, the prominent presence of leading companies in diverse sectors such as retail, e-commerce, automobiles, pharmaceuticals, and so on. Companies in the region are prioritizing swift deliveries to meet customer demands, leading to investments in real-time tracking and tracing solutions. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The stringent regulations related to serialization, exponential growth of the medical devices market, as well as growing population in key countries such as China and India are a major catalyst for the demand for solutions to effectively manage and monitor products throughout their lifecycle. China is expected to hold most of the market as the leading supplier of electrical and electronic components, retail, and e-commerce chains, and so on. Likewise, in the Indian track and trace solution market, the rapid growth of pharmaceutical companies and other industries is expected to create future opportunities. For instance, DHL Logistics plans to provide over 10,000 cargos with tracking and tracing capabilities by 2025.

Major market players included in this report are:

METTLER-TOLEDO Inc.
Laetus GmbH
Systech International Inc.
Zebra Technologies Corporation
International Business Machines (IBM) Corporation
SAP SE
Accenture plc
Siemens S.A.
Honeywell International Inc.
HCL Technologies Limited

Recent Developments in the Market:

In February 2023, DispatchTrack, a leading provider of last-mile delivery solutions, incorporated an innovative track and trace feature into its last-mile platform. This feature is specifically crafted to efficiently capture extensive data, organize it systematically, and present it in a user-friendly manner, allowing end-users to access precisely the information that is required.
In October 2022, Zebra Technologies Corporation introduced an enhanced solution called PartnerConnect, catering to its partners utilizing RFID and Real-time Location Systems (RTLS). This latest offering provides businesses with a competitive advantage by facilitating active tracking and empowering real-time decision-making capabilities.
In August 2022, Systech International Inc. decalred the company's partnership with Spherity aimed at enhancing the security of pharmaceutical product traceability. Through this partnership, the companies are delivering seamlessly integrable and rapid solutions, by meeting the requirements of the Drug Supply Chain Security Act.

Global Track and Trace Solutions Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Component, Technology, End-user, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Serialization Solutions
Aggregation Solutions

By Component:

Software
Hardware

By Technology:

Linear Barcode
2D Barcode
Radiofrequency Identification (RFID)
Others

By End-user:

Pharmaceutical
Consumer Durables
Retail and Ecommerce
Automobile
Electrical and Electronics
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Track and Trace Solutions Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Track and Trace Solutions Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Track and Trace Solutions Market, by Component, 2020-2030 (USD Billion)
- 1.2.4. Track and Trace Solutions Market, by Technology, 2020-2030 (USD Billion)
- 1.2.5. Track and Trace Solutions Market, by End-user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Track and Trace Solutions Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Track and Trace Solutions Market Dynamics

3.1. Track and Trace Solutions Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Flourishing growth in medical devices and pharmaceutical industries
  - 3.1.1.2. Surge in number of counterfeit drugs
- 3.1.2. Market Challenges
  - 3.1.2.1. Lack of common standards for serialization and aggregation
  - 3.1.2.2. High setup costs for technologies
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rise in trend towards in offshore pharmaceutical manufacturing
  - 3.1.3.2. Increasing number of packaging-related product recalls

Chapter 4. Global Track and Trace Solutions Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Track and Trace Solutions Market, by Type

5.1. Market Snapshot
5.2. Global Track and Trace Solutions Market by Type, Performance - Potential Analysis
5.3. Global Track and Trace Solutions Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Track and Trace Solutions Market, Sub Segment Analysis
- 5.4.1. Serialization Solutions
- 5.4.2. Aggregation Solutions

Chapter 6. Global Track and Trace Solutions Market, by Component

6.1. Market Snapshot
6.2. Global Track and Trace Solutions Market by Component, Performance - Potential Analysis
6.3. Global Track and Trace Solutions Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
6.4. Track and Trace Solutions Market, Sub Segment Analysis
- 6.4.1. Software
- 6.4.2. Hardware

Chapter 7. Global Track and Trace Solutions Market, by Technology

7.1. Market Snapshot
7.2. Global Track and Trace Solutions Market by Technology, Performance - Potential Analysis
7.3. Global Track and Trace Solutions Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
7.4. Track and Trace Solutions Market, Sub Segment Analysis
- 7.4.1. Linear Barcode
- 7.4.2. 2D Barcode
- 7.4.3. Radiofrequency Identification (RFID)
- 7.4.4. Others

Chapter 8. Track and Trace Solutions Market, by End-user

8.1. Market Snapshot
8.2. Global Track and Trace Solutions Market by End-user, Performance - Potential Analysis
8.3. Global Track and Trace Solutions Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
8.4. Track and Trace Solutions Market, Sub Segment Analysis
- 8.4.1. Pharmaceutical
- 8.4.2. Consumer Durables
- 8.4.3. Retail and Ecommerce
- 8.4.4. Automobile
- 8.4.5. Electrical and Electronics
- 8.4.6. Others

Chapter 9. Global Track and Trace Solutions Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Track and Trace Solutions Market, Regional Market Snapshot
9.4. North America Track and Trace Solutions Market
- 9.4.1. U.S. Track and Trace Solutions Market
  - 9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Component breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Technology breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. End-user breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Track and Trace Solutions Market
9.5. Europe Track and Trace Solutions Market Snapshot
- 9.5.1. U.K. Track and Trace Solutions Market
- 9.5.2. Germany Track and Trace Solutions Market
- 9.5.3. France Track and Trace Solutions Market
- 9.5.4. Spain Track and Trace Solutions Market
- 9.5.5. Italy Track and Trace Solutions Market
- 9.5.6. Rest of Europe Track and Trace Solutions Market
9.6. Asia-Pacific Track and Trace Solutions Market Snapshot
- 9.6.1. China Track and Trace Solutions Market
- 9.6.2. India Track and Trace Solutions Market
- 9.6.3. Japan Track and Trace Solutions Market
- 9.6.4. Australia Track and Trace Solutions Market
- 9.6.5. South Korea Track and Trace Solutions Market
- 9.6.6. Rest of Asia Pacific Track and Trace Solutions Market
9.7. Latin America Track and Trace Solutions Market Snapshot
- 9.7.1. Brazil Track and Trace Solutions Market
- 9.7.2. Mexico Track and Trace Solutions Market
9.8. Middle East & Africa Track and Trace Solutions Market
- 9.8.1. Saudi Arabia Track and Trace Solutions Market
- 9.8.2. South Africa Track and Trace Solutions Market
- 9.8.3. Rest of Middle East & Africa Track and Trace Solutions Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. METTLER-TOLEDO Inc.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Laetus GmbH
- 10.3.3. Systech International Inc.
- 10.3.4. Zebra Technologies Corporation
- 10.3.5. International Business Machines (IBM)Corporation
- 10.3.6. SAP SE
- 10.3.7. Accenture plc
- 10.3.8. Siemens S.A.
- 10.3.9. Honeywell International Inc.
- 10.3.10. HCL Technologies Limited

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Track and Trace Solutions Market, report scope
TABLE 2. Global Track and Trace Solutions Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Track and Trace Solutions Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Track and Trace Solutions Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 5. Global Track and Trace Solutions Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 6. Global Track and Trace Solutions Market estimates & forecasts by End-user 2020-2030 (USD Billion)
TABLE 7. Global Track and Trace Solutions Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Track and Trace Solutions Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Track and Trace Solutions Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Track and Trace Solutions Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Track and Trace Solutions Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Track and Trace Solutions Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Track and Trace Solutions Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Track and Trace Solutions Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Track and Trace Solutions Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Track and Trace Solutions Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Track and Trace Solutions Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Track and Trace Solutions Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Track and Trace Solutions Market
TABLE 72. List of primary sources, used in the study of global Track and Trace Solutions Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Track and Trace Solutions Market, research methodology
FIG 2. Global Track and Trace Solutions Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Track and Trace Solutions Market, key trends 2022
FIG 5. Global Track and Trace Solutions Market, growth prospects 2023-2030
FIG 6. Global Track and Trace Solutions Market, porters 5 force model
FIG 7. Global Track and Trace Solutions Market, pest analysis
FIG 8. Global Track and Trace Solutions Market, value chain analysis
FIG 9. Global Track and Trace Solutions Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Track and Trace Solutions Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Track and Trace Solutions Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Track and Trace Solutions Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Track and Trace Solutions Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Track and Trace Solutions Market, regional snapshot 2020 & 2030
FIG 15. North America Track and Trace Solutions Market 2020 & 2030 (USD Billion)
FIG 16. Europe Track and Trace Solutions Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Track and Trace Solutions Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Track and Trace Solutions Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Track and Trace Solutions Market 2020 & 2030 (USD Billion)