The global handheld tagging gun market is projected to witness significant growth, with an estimated value of US$ 1,080.8 million in 2024. Sales of handheld tagging guns are anticipated to rise at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period, reaching US$ 1,565.1 million by 2034.
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Key Highlights of the Handheld Tagging Gun Market:
- Market Expansion: The global market for handheld tagging guns is set to expand over 1.4 times through 2034, driven by the expanding retail sector and the growing popularity of RFID labels and barcodes.
- Semi-Automatic Tagging Guns: Demand is expected to remain high for semi-automatic tagging guns, accounting for over 70% of the market share in the forecast period.
- RFID Labels Lead: Handheld tagging guns are prominently used for attaching RFID labels, leading the market with more than one-third of the value share.
- Retail Sector Dominance: The retail sector is expected to remain the leading end-user of handheld tagging guns, capturing around half of the market share, driven by escalating demand for retail security.
Global Overview of the Handheld Tagging Gun Market:
Handheld tagging guns, also known as tag guns or taggers, are becoming essential solutions across various industries for attaching price tags or labels to items quickly and efficiently. The growing adoption of handheld tagging guns in clothing stores, fabric shops, warehouses, and other businesses dealing with labeled items is expected to fuel market growth.
Key Drivers of Market Growth:
- Expansion of the retail sector and the increasing number of hypermarkets, supermarkets, and brick-and-mortar stores.
- Changes in regulations related to product labeling, safety standards, and compliance.
- Consumer expectations for transparency and product information.
- Booming e-commerce sector creating growth opportunities.
- Increasing awareness of counterfeit products fostering demand.
Market Trends:
- Emphasis on ergonomic design to improve user comfort.
- Digital transformation of the supply chain with RFID and QR codes.
- Rising popularity of omnichannel retail.
- Increasing demand for security and asset tracking.
- Development of more advanced and user-friendly handheld tagging guns.
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Key Takeaways from the Market Report
- The global market for handheld tagging guns is set to total US$ 1,565.1 million in 2034.
- Based on mechanism, the semi-automatic tagging guns segment is expected to lead the market, with around 70% of the share in 2024.
- By application, the RFID labels segment is projected to total US$ 540.9 million by 2034.
- Based on end-use, the retail segment is poised to exhibit a CAGR of 2% through 2034.
- Asia Pacific is anticipated to gain almost 37% of value share by the end of the forecast years.
- Latin America is expected to grow at 2% CAGR, reaching a valuation of US$ 48.3 million by 2034.
- India will likely exhibit a CAGR of 8% from 2024 to 2034.
Outline of Important Trends Shaping the Global Handheld Tagging Gun Market:
- Consumer Focus on Essential Information
Nowadays, consumers have become highly conscious about the products they purchase and use and aspire for transparency about the ingredients, sourcing, and manufacturing process. Handheld tagging guns are important in providing product details to meet consumers’ needs.
Consumers praise the transparent details and instructions about the usage and security of the products. These guns help to communicate the required information about the user guidelines and protection instructions, ensuring that the customers can make informed decisions.
The crucial details include the safety information and compliance with the industry standards, particularly in industries such as food, pharmaceutical, and childcare products where the consumers depend on accurate labeling for safety considerations. The compulsion to meet these needs and prioritize necessary product information reflects the changing expectations of consumers who desire transparency, safety, and clear manufacturer communication.
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Market Segmentation
By Mechanism:
- Semi-automatic Tagging Guns
- Manual Tagging Guns
By Application:
- RFID Labels
- Barcode Labels
- Adhesive Labels
- Pre-printed Labels
- Other Labels
By End-use:
- Retail
- Warehouse & Logistics
- Manufacturing
- Food & Beverage
- Healthcare & Pharmaceutical
- Apparel & Fashion
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author
Ismail Sutaria (Principal Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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