9 January 2019 - An item-level tag is a label that is
attached to a single or a variety of products which helps in providing
information or identification. On the similar lines, an inventory tag is a tag
attached to several commodities and is implemented widely to identify items
& products that assist in tracking and counting the physical stock or
inventory. The Inventory
Tags represent the hard copy tags used by various companies and
retail shops. It contains a count of a
group of a given product or item. Such inventory tags are easy to read and help
in accomplishing the counting with more speed. The technology is much helpful
as it deploys in determining the amount of inventory, availability of stock,
increased time, reduced manual labor and increased accuracy.
Request a Sample Copy
of This Report @ https://www.millioninsights.com/industry-reports/inventory-tags-market/request-sample
The driving factors propelling
the growth of global inventory tag market include augmenting benefits of
authentication technologies and the need for trace and track technologies which
are into packaging. Additionally, growing economies, rise in disposable income,
urbanization, globalization and minimized trade barriers are the main drivers
of the inventory tag market. Moreover, stringent laws pertaining to packaging
and increasing importance for safety add to the growth of global market. However,
the lack of awareness of inventory tags technologies, and lack of skilled
personnel are some major hindrances the market experiences. On the basis of
printing technology, the global inventory tag market is segmented into digital
printing, flexography printing, gravure printing, screen printing, lithography
printing, offset printing, letterpress printing, thermal printing and pad
printing. Digital printing segment is projected to be the rapidly growing
segment of the inventory tags market for the forecast period. The segment
accounts for higher CAGR owing to its numerous benefits like
cost-effectiveness, high-quality, recycling options and multiple uses.
On the basis of technology,
the global inventory tag market is segmented into barcodes, RFID, QR codes and
normal tags. Barcode segment is estimated to be the largest market of the
inventory tags market for the forecast period owing to its frequent use in the
inventory tags market and the trend is estimated to continue for the forecast
period. On the basis of label type, the global inventory tag market is
segmented into plastic, paper, metal, glass labels, cloth labels & thermal
label type. On the basis of end-user sector, the global inventory tag market is
segmented into industrial, retail, aerospace and marine. On the basis of
geographic segmentation, the global inventory tag market spans North America,
Europe, Asia-Pacific excluding Japan, Japan, Middle-East and Africa.
Browse Full TOC of
This Report @ https://www.millioninsights.com/industry-reports/inventory-tags-market
No comments:
Post a Comment