PUBLISHER: The Business Research Company | PRODUCT CODE: 1667842
PUBLISHER: The Business Research Company | PRODUCT CODE: 1667842
Inventory tags are labels or markings affixed to items or containers, containing crucial information such as the item name, description, quantity, location, and other details necessary for effective inventory management.
The primary types of inventory tags include plastic, paper, metal, and others. Plastic inventory tags are specifically made from plastic material, designed for durability, weather resistance, and longevity. They find application in industries such as manufacturing, warehousing, and transportation, where they are utilized for tracking and managing inventory items. Various printing technologies, including offset printing, digital printing, flexography printing, gravure printing, and others, are employed by industrial, commercial, retail, and other end-users for creating these tags.
The inventory tags market research report is one of a series of new reports from The Business Research Company that provides inventory tags market statistics, including the inventory tags industry global market size, regional shares, competitors with an inventory tags market share, detailed inventory tags market segments, market trends, and opportunities, and any further data you may need to thrive in the inventory tags industry. This inventory tags market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The inventory tags market size has grown steadily in recent years. It will grow from$5.76 billion in 2024 to $6.02 billion in 2025 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to barcode technology adoption, development of RFID tags, manual inventory management systems, standardization of tagging systems, introduction of QR codes
The inventory tags market size is expected to see strong growth in the next few years. It will grow to $7.62 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to demand for real-time tracking, supply chain optimization, integration of cloud-based solutions, focus on security and anti-theft measures. Major trends in the forecast period include advancements in RFID, security and anti-counterfeiting measures, sustainability initiatives, enhanced durability and longevity, focus on data analytics.
The anticipated increase in fraudulent products is set to drive the growth of the inventory tags market in the foreseeable future. Fraudulent products, deliberately misrepresented or falsely labeled goods or services, pose a significant challenge due to factors such as their low cost, weak regulations, corruption, and ineffective enforcement. To address this issue, inventory tags play a crucial role by providing a means to track products throughout the supply chain, thereby verifying their authenticity. An example of this challenge is highlighted in a report from Business Wire, revealing a 47% increase in counterfeit medical products in 2021 compared to 2020, particularly affecting vaccines, COVID-19 test kits, medicines, antibiotics, and sanitizers. Consequently, the rise of fraudulent products contributes to the growth of the inventory tags market.
The surge in e-commerce growth is expected to propel the expansion of the inventory tags market. E-commerce growth involves the buying and selling of goods and services over the internet, and inventory tags play a vital role in maintaining accurate stock information, optimizing operations, and enhancing overall supply chain efficiency in this context. As per data from the United States Census Bureau in November 2023, U.S. retail e-commerce sales reached $284.1 billion in the third quarter of the same year, reflecting a 2.3% increase from the previous quarter. This growth in e-commerce further drives the demand for inventory tags, supporting efficient supply chain management.
Technological advancements emerge as a prominent trend gaining momentum in the inventory tags market. Companies operating in this market are adopting new technologies to ensure they remain competitive. An illustration of this trend is the launch of the Popsicle RAIN RFID Flag Tag by SimplyRFiD in March 2023. This RFID tag, designed for use in various industries, including pharmaceuticals, electronics, and automotive, provides precise tracking and identification of products. Its unique design, featuring a transparent adhesive section and a non-adhesive RFID flag, makes it particularly suitable for labeling solid-surface products while maintaining visibility of product information.
Leading companies in the inventory tag market are creating real-time 3D inventory tracking systems to improve accuracy, enhance efficiency, and give businesses real-time visibility into their inventory management processes. These systems elevate inventory tags by providing real-time visualization and precise tracking of stock levels, which helps boost accuracy, minimize manual errors, and streamline inventory management. For instance, in February 2024, RFiD Discovery, a software company based in the UK, launched LiftTrak, an innovative real-time inventory tracking system designed for warehouses and outdoor storage areas. This cutting-edge solution includes MHE-mounted readers, automatic 3D location recording, and compatibility with advanced technologies like Wi-Fi and GPS, significantly enhancing operational efficiency and accuracy while transforming the inventory tags market.
In May 2022, HID Global, a U.S.-based secure identity products manufacturer, acquired Vizinex RFID for an undisclosed amount. This strategic acquisition expands HID Global's portfolio with high-performance passive RFID tags, strengthening its position in markets such as manufacturing, healthcare, and oil and gas. Vizinex RFID, based in the U.S., is a manufacturer of radio frequency identification (RFID) tags.
Major companies operating in the inventory tags market include Avery Dennison Corporation, 3M Company, Zebra Technologies Corporation, Brady Corporation, Alien Technology Corporation, Cenveo Corporation, Checkpoint Systems Inc., Johnson Controls International plc, Ivaanshi Printpack Private Limited, G.M. Label Manufacturing Ltd., Arora Print Packers Pvt. Ltd., Globe Traders Pvt. Ltd., SATO Corporation, Honeywell International Inc., HID Global Corporation, Datalogic S.p.A., Invengo Technology Pte. Ltd., Smartrac N.V., FineLine Technologies Inc., William Frick & Company Inc., Metalcraft Technologies Inc., Nexqo Technology Co. Ltd., Confidex Ltd., MSM Solutions Ltd., NXP Semiconductors N.V., Omni-ID Ltd., Camcode Limited
North America was the largest region in the inventory tags market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global inventory tags market during the forecast period. The regions covered in the inventory tags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the inventory tags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The inventory tags market consists of sales of barcode tags, radio frequency identification (RFID) tags, manual tags, magnetic tags, and color-coded tags. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Inventory Tags Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on inventory tags market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for inventory tags ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The inventory tags market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.