The global tags market size reached around USD 11.72 Billion in 2023. The market is projected to grow at a CAGR of 5.60% between 2024 and 2032 to reach nearly USD 19.14 Billion by 2032.
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Historical Year
Forecast Year
The global freight and logistics market is projected to reach USD 18.69 billion by 2026, with the logistics sector expected to experience a compound annual growth rate (CAGR) of 4.7% from 2022 to 2027. The Asia Pacific currently holds the largest share of the freight and logistics market, while North America is anticipated to witness the highest growth rate during the same period.
As per the tags market analysis, RFID tags are essential in the logistics sector, providing real-time visibility and control over shipments, inventory, and asset management. They enhance warehouse operations by enabling precise and efficient tracking of goods from their point of origin to their final destination. By incorporating RFID tags into shipments, logistics companies can automate inventory processes, minimise human errors, and improve overall operational efficiency. Furthermore, RFID technology aids in loss prevention, enhances order accuracy, and optimises route planning, ensuring timely delivery of products to customers while lowering costs related to manual tracking and mismanagement.
The projection indicates that the total number of online shoppers is expected to rise to 2.77 billion by the year 2025. The expansion of online retail and e-commerce represents a crucial element in the growth of the market, fundamentally transforming the way consumers shop and businesses operate. As these sectors continue to evolve, driven by technological advancements and changing consumer preferences, the necessity for efficient logistics and inventory management solutions, including tags, has become increasingly prominent.
Value in USD Billion
2024-2032
Tags Market Outlook
*this image is indicative*
The tags market growth can be attributed to the increasing adoption of RFID technology, growing environmental consciousness, the expansion of the e-commerce sector, and the growth of the logistics sector
RFID technology has progressed remarkably, resulting in enhanced efficiency and reduced costs. RFID tags remove the requirement for direct line-of-sight scanning, facilitating the automatic tracking and identification of goods. This innovation has been embraced by numerous sectors, fundamentally transforming logistics and inventory management. By allowing seamless, real-time tracking, RFID enhances operational efficiency, minimises errors, and streamlines supply chain processes.
The increasing awareness among consumers regarding sustainability is transforming the market and promoting the creation of reusable and eco-friendly tag solutions. As businesses place greater emphasis on environmental issues, the demand for tags that have minimal ecological impact has risen.
The growth of online retail and e-commerce is a significant factor contributing to the tags market expansion. As e-commerce and online retail continue to develop, the importance of effective logistics and inventory management has increased substantially. Tags play a vital role in the e-commerce sector by enhancing order fulfilment, reducing error rates, and enabling the tracking of products from the warehouse to the end customer.
In the field of logistics, tags enhance tracking, inventory management, and operational efficiency by delivering real-time information regarding shipments and stock quantities. They facilitate the optimisation of supply chain processes, minimise errors, and assist in the swift location of items, thereby improving visibility across distribution networks and ensuring quicker, more precise deliveries throughout the logistics chain.
The global tags market is predominantly influenced by current trends in consumer convenience and product aesthetics. Market participants worldwide are concentrating on the production and design of visually appealing tags that exhibit outstanding printing quality. Additionally, these tags come in diverse shapes, sizes, thicknesses, and smooth finishes. Presently, tags are crafted not only from paper, cardboard, and plastic with white cotton string but also incorporate elements of smart packaging. The integration of technological innovations, such as RFID technology, has significantly elevated the popularity of these tags. Additionally, tags are also utilised on products to assist logistics professionals in enhancing logistics management and product identification.
The EMR’s report titled “Global Tags Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Material Type
Breakup by Tag Type
Breakup by End Use
Breakup by Region
Based on the material type, the market is segmented into plastic, paper, and fibres, among others. The plastic segment is projected to grow at a CAGR of 7.6% during the forecast period of 2024-2032. The increasing adoption of plastic tags can be attributed to their robustness, adaptability, and economical nature in sectors such as retail, agriculture, and logistics, where they serve purposes including labelling, tracking, and product identification.
Major players are focusing on sustainable manufacturing methods to gain a competitive edge in the market.
Established in 1969, Zebra Technologies is headquartered in Lincolnshire, Illinois, United States. The firm specialises in enterprise asset intelligence, providing a range of products such as barcode printers, mobile computing devices, and data capture solutions.
Founded in 1906, Honeywell is headquartered in Charlotte, North Carolina, United States. The company operates ...
Established in 1940, SATO is based in Tokyo, Japan. The organisation concentrates on automatic identification ...
Founded in 1984, Finotex is situated in Miami, Florida, United States. The company focuses on branding and lab...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the tags market are CCL Industries Inc., AVERY DENNISON CORPORATION, NXP Semiconductors N.V, GAO RFID Inc., HID® Global Corporation, and Dortex Werbung und Vertrieb mbH, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the market attained a value of nearly USD 11.72 Billion.
The market is assessed to grow at a CAGR of 5.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 19.14 Billion by 2032.
The major drivers of the market are the rising adoption of RFID technology and the growing focus on sustainability.
As per the EMR report, the different material types in the market are plastic, paper, and fibres, among others.
The major regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market are Zebra Technologies Corporation, Honeywell International Inc., SATO Holdings Corporation, Finotex, CCL Industries Inc., AVERY DENNISON CORPORATION., NXP Semiconductors N.V, GAO RFID Inc., HID® Global Corporation, and Dortex Werbung und Vertrieb mbH, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
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| Breakup by Tag Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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