Inventory is a crucial asset to any organization and keeping its track and observing its use are essential business processes. Inventory tags assist enterprises in efficient inventory management by tracking products or packages as well as by counting inventory manually or automatically with a system of scanners. An inventory tag can be customized based on the requirements of various companies to offer them adequate inventory control. By using inventory tags, companies can also ensure consistency across their operations as well as ensure efficient stocking, monitoring, and shipments. The tags reflect a barcode and an inventory number, and names of companies handling inventory. The labels in inventory tags can be made from plastic, paper, and metal. There is a high adoption of metal labels as they are durable, reliable, and simple to implement. This type of inventory tags are mainly used to monitor and handle warehouse inventory. Government support across all the regions to demolish counterfeit products and technological developments are the significant factors driving the global inventory tags market growth.
3M COMPANY; ALIEN TECHNOLOGY, LLC; JOHNSON CONTROLS, INC.; BRADY WORLDWIDE INC.; and ZEBRA TECHNOLOGIES CORPORATION – PROMINENT MARKET PARTICIPANTS IN INVENTORY TAGS MARKET
3M Company; Alien Technology, LLC; Johnson Controls, Inc.; Brady Worldwide Inc.; and Zebra Technologies Corporation are some of the key market players operating in the global inventory tags market. The listing of key players is derived by considering multiple factors such as overall revenue, current inventory tags product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the inventory tags ecosystems which were studies analyzed during the course of this market research study, such as, Avery Products Corporation; Brady Worldwide Inc.; CCL Industries Inc.; Cenveo; SATO Holdings Corporation; Honeywell International Inc.; and among others. Further, August 2020, Sato Holdings Corporation announced it will deploy its PJM RFID Source Tagging Solution which includes hardware, software and tags across the Supply Chain for LimaCorporate, an orthopedic implant manufacturer based in Italy. In 2019, Alien Technology, LLC introduced new Higgs-9, a next generation High-Memory RFID Tag which provides a base 96-bit EPC field and 688-bit User Memory field allowing superior write accuracy, memory retention and read reliability.
Most of the market initiatives were observed in North American and APAC region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
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Year |
News |
Country |
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2020 |
CCL Industries Inc. through its subsidiary, Checkpoint systems announced it will extend relationship with LPP, a Polish fashion retail group. Under the agreement Checkpoint systems will deploy large-scale RFID programme for LPP’s eCommerce platform and to over 1,700 outlets spanning 23 countries for improving merchandise availability, operational efficiency and the consumer experience. |
North America |
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2020 |
Sato Holdings Corporation announced it has launched ASETRA, RFID Asset Management System for manufacturers and logistics service providers. The package system that utilizes RAIN RFID tags, QR codes and barcodes to streamline management of tools and returnable items. |
APAC |
