Inventory Tags Market Future Scope, Demands and Prognosticate Industry Growth

The global inventory tags market can be segmented on the basis of technology, label type, end-use industry and printing method. On the basis of technology, the global inventory tags market can be segmented into RFID, barcodes and others (QR codes, tags etc.). On the basis of label type, the global inventory tags market can be segmented into paper, plastic, metal and others (cloth labels, glass labels etc.). On the basis of end-use industry, the global inventory tags market can be segmented into industrial, retail and others (marine, aerospace etc.). On the basis of printing method, the global inventory tags market can be segmented into flexography printing, digital printing, screen printing, offset printing, letterpress printing among others.

Global Inventory Tags Market: Dynamics

Efforts towards standardization, expanding application segments rising awareness for using inventory tags, and convergence of technologies are some major factors driving the growth of the global inventory tags market. Moreover, increase in the per capita disposable income, especially in the developing economies across the globe is another key factor driving the global inventory tags market. Furthermore, imposition of strict laws pertaining to secure packaging and rapid industrialization are other key elements fuelling the global inventory tags market. Also, increasing importance given to package security as well as increasing security measures towards theft and counterfeiting are some other factors driving the growth of the overall global inventory tags market. However, lack of awareness of inventory tags technologies, high initial costs and lack of skilled labor are some key challenges pertaining in the global inventory tags market.

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Major players involved in the manufacture of inventory tags across the globe include Avery Dennison Corporation, 3M Company, Tyco International Plc., Brady Corporation, IMDA, Zebra Technologies Corporation, Alien Technology Inc., Checkpoint Systems Inc., Smartrac N.V., Hewlett-Packard Company among others.

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