The worldwide tags market is poised for substantial growth over the span of 2023 to 2033. As per the research report published by Future Market Insights, the global market is expected to surpass a value of US$ 11,530.8 million in 2023 and is projected to achieve a valuation of US$ 19,510.4 million by 2033. This market is anticipated to exhibit a robust compound annual growth rate (CAGR) of 5.4% from 2023 to 2033.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14347
According to Future Market Insights’ historical estimations, the tags market grew at a CAGR of 3.9% exhibited between 2015 and 2021. This exponential rise in growth is accounted due to an increase in demand from various industries such as clothing & apparel, beauty & personal care, and consumer products. Logistics along with inventory management are vital in any industry to efficiently manage some crucial things such as storage, tracking, and movement of all kinds of goods from manufacturers to consumers.
Key logistic players all over the world are adopting labeling and tags solutions on large scale to maintain inventory management, asset tracking, material handling operations, shipment and receiving, and work-in-progress tracking. The demand for such top-notch customized and appealing tags is at an all-time high across the globe, which further accelerates market growth.
Market Players:
- Zebra Technologies Corp.
- Honeywell International
- Sato Holdings Corp.
- Finotex USA Corp.
- CCL Industries Inc.
- Pacific Coats Bach Label Inc.
- NXP Semiconductors
- Confidex Ltd.
- GAO RFID Inc.
- HID Global Corp.
Get Customized Report: https://www.futuremarketinsights.com/customization-available/rep-gb-14347
Key Takeaways
- Top, as well as small food and beverages, beauty and personal care, clothing, and apparel industry players across the globe, are preferring labeling solutions such as RFID tags, hang tags, loop tags, and swing tags for brand promotion and attract customers.
- Printing on tags with precise product information assists the brand owners to differentiate their products from that of the competitors already available in the market. Tags can be printed using various printing options such as flexographic printing, direct thermal and thermal transfer, and others as per the requirement.
- These customized printing options allow printing on several tags starting from barcodes in order to track your product to any other form of information according to the customer’s needs. The high quality of print on tags plays a crucial role in tags’ aesthetic look and finishing. Such printing on tags improves the overall look of tags and make them attractive and it also gains the attention of consumer towards the product.
- Easy accessibility of such latest printing options is offering enormous opportunities to tags manufacturers to design and manufacture more attractive and catchy tags to attract a major portion of customers in the market.
- Manufacturers operating in the global tags market are enjoying the consistent demand for hang tags, RFID tags, loop tags, and swing tags owing to their extensive range of applications. However, manufacturers of tags from European and American countries are focusing on the expansion of their business footprint in highly potential South and East Asia regions to maximize their sales and financial profitability.
Competitive Landscape
Key tag manufacturers are concentrating on the research and development of the product and are consistently offering innovative tag solutions targeted towards specific end-use. Companies operating in the tags market are aiming at product launches and expansions with other manufacturers.
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14347
Tags Market By Category
By Material Type, Tags Market is segmented as:
- Plastic
- Paper
- Fibers
- Others (Metal, etc.)
By Tag Type, Tags Market is segmented as:
- RFID Tag
- Hang/ Swing Tag
- Loop Tag
By End Use, Tags Market is segmented as:
- Food & Beverage
- Clothing & Apparels
- Hospitality & Travel
- Beauty & Personal Care
- Consumer Electronics
- Others
Buy this Report: https://www.futuremarketinsights.com/checkout/14347
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube