Published by TMR Research Insights
Posted on August 19, 2021
Tagging machines and tagging products such as Radio Frequency Identification (RFID) tags are used for identification and tracking of products and play a significant role in the packaging industry. Demand for tagging machines has increased substantially over the past three to four years, as RFIDs are used across various industries for identification and tracking. The tagging machines market is at a nascent stage currently, but is expected to witness significant growth over forecast period, 2016–2024. Awareness regarding electronic tagging is growing globally owing to rapid growth of industries such as textiles, pharmaceuticals, FMCG, cosmetics, etc. RFID technology is used in tags, thereby enabling identification of the specifications of a tagged product using a reader device. Identification and tracking measures help to eradicate issues pertaining to counterfeiting and robbery of products such as apparel, electronic goods, expensive perfumes, consumables, DVDs, CDs etc. to name a few.
Demand from the retail clothing market is significantly high owing to rapid growth of this sector globally, and this trend is expected to continue over the forecast period. In addition, increasing growth in the textile industry is further driving demand for tagging machines. Moreover, increasing per capita disposable income in developing countries is a key factor driving growth of the global tagging machines market. This is attributed to an increasing number of consumers purchasing premium products such as branded apparel and perfumes, and other products that retailers use RFID tags to track or identify in malls and stores etc. Rapid industrialization and stringent norms regarding secure and safe packaging are other factors fueling demand for tagging machines globally. Growth of the tagging machines market is moderately hampered by high installation cost and lack of awareness regarding this emerging technology.
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The global tagging machines market is segmented on the basis of product type, material type, technology type, and end user type.
Segmentation on the basis of product type:
Segmentation on the basis of material type:
Segmentation on the basis of technology type:
Segmentation on the basis of end user type:
The tagging machines market in Asia Pacific excluding Japan is expected to account for highest revenue growth as compared to markets in other regions. Markets in India and China are projected to remain dominant in terms of revenue due to relatively large retail industry and technological advancements in these developing economies. Furthermore, growth of the market in Asia Pacific is expected to be driven by increasing disposable income and spending power among consumers in countries in the region. North America is expected to be the second dominant region, accounting for two-thirds of the revenue contributed by the Asia Pacific excluding Japan market to the global market. The market in Europe is expected to witness above average growth, with Germany, France, and the U.K. ranking high in terms of demand for tagging machines. The market in the Middle East & Africa region is expected to witness a significant increase in revenue contribution from sales in GCC countries, South Africa, and Egypt.
Some of the key players in the tagging machines market are Smartrac N.V., Checkpoint Systems, Inc., which is a division of CCL Industries Inc., The M&R Companies, Sundbirsta, which is a subsidiary of Danieli & C.Officine Meccaniche SpA., DuPont, Metalcraft, Inc., ZIH Corp., MDM Inc., and Pannier Corporation. These key players are focused on entering into markets in developing economies and increasing respective market shares.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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Flexible Packaging for Healthcare Market – https://www.prnewswire.com/news-releases/need-to-limit-use-of-commonly-used-secure-packaging-amidst-continued-covid-19-presents-vast-opportunities-for-flexible-packaging-for-healthcare-market-growth-predicted-at-healthy-5-3-cagr-from-2020–2028—tmr-301268887.html
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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
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Tagging machines and tagging products such as Radio Frequency Identification (RFID) tags are used for identification and tracking of products and play a significant role in the packaging industry. Demand for tagging machines has increased substantially over the past three to four years, as RFIDs are used across various industries for identification and tracking. The tagging machines market is at a nascent stage currently, but is expected to witness significant growth over forecast period, 2016–2024. Awareness regarding electronic tagging is growing globally owing to rapid growth of industries such as textiles, pharmaceuticals, FMCG, cosmetics, etc. RFID technology is used in tags, thereby enabling identification of the specifications of a tagged product using a reader device. Identification and tracking measures help to eradicate issues pertaining to counterfeiting and robbery of products such as apparel, electronic goods, expensive perfumes, consumables, DVDs, CDs etc. to name a few.
Demand from the retail clothing market is significantly high owing to rapid growth of this sector globally, and this trend is expected to continue over the forecast period. In addition, increasing growth in the textile industry is further driving demand for tagging machines. Moreover, increasing per capita disposable income in developing countries is a key factor driving growth of the global tagging machines market. This is attributed to an increasing number of consumers purchasing premium products such as branded apparel and perfumes, and other products that retailers use RFID tags to track or identify in malls and stores etc. Rapid industrialization and stringent norms regarding secure and safe packaging are other factors fueling demand for tagging machines globally. Growth of the tagging machines market is moderately hampered by high installation cost and lack of awareness regarding this emerging technology.
For More Industry Insight, Request Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23177
The global tagging machines market is segmented on the basis of product type, material type, technology type, and end user type.
Segmentation on the basis of product type:
Segmentation on the basis of material type:
Segmentation on the basis of technology type:
Segmentation on the basis of end user type:
The tagging machines market in Asia Pacific excluding Japan is expected to account for highest revenue growth as compared to markets in other regions. Markets in India and China are projected to remain dominant in terms of revenue due to relatively large retail industry and technological advancements in these developing economies. Furthermore, growth of the market in Asia Pacific is expected to be driven by increasing disposable income and spending power among consumers in countries in the region. North America is expected to be the second dominant region, accounting for two-thirds of the revenue contributed by the Asia Pacific excluding Japan market to the global market. The market in Europe is expected to witness above average growth, with Germany, France, and the U.K. ranking high in terms of demand for tagging machines. The market in the Middle East & Africa region is expected to witness a significant increase in revenue contribution from sales in GCC countries, South Africa, and Egypt.
Some of the key players in the tagging machines market are Smartrac N.V., Checkpoint Systems, Inc., which is a division of CCL Industries Inc., The M&R Companies, Sundbirsta, which is a subsidiary of Danieli & C.Officine Meccaniche SpA., DuPont, Metalcraft, Inc., ZIH Corp., MDM Inc., and Pannier Corporation. These key players are focused on entering into markets in developing economies and increasing respective market shares.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
More Trending Reports by Transparency Market Research –
Flexible Packaging for Healthcare Market – https://www.prnewswire.com/news-releases/need-to-limit-use-of-commonly-used-secure-packaging-amidst-continued-covid-19-presents-vast-opportunities-for-flexible-packaging-for-healthcare-market-growth-predicted-at-healthy-5-3-cagr-from-2020–2028—tmr-301268887.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
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