Track and Trace labels Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Track and Trace labels Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Report Description

Global Track and trace labels market: Introduction

It is very necessary to track the status, location, condition, and quantity of a product or any asset. Track and trace labels provide such facility through which people can identify and track their valuable items. Track and trace labels are available in wide range of sizes, materials, and designs, and fixed with permanent adhesives making them difficult to remove. It provides perfect marking solution for any organizations and business. Barcode can be printed on the track and trace labels for the tracking purpose. Track and trace labels are used for the effective tracking of the parcels and products in transit, and simultaneously offer safety and reliability. Track and trace labels can be personalized with organization’s name, logo and with sequential numbering or barcode. Once it is applied to specific product or packaging, then it gives permanent marking to show belonging of an item to particular organization. Track and trace labels are particularly used for courier & postal services, medical services and others. Pharmaceutical manufacturers use track and trace labels within manufacturing and packaging processes. Barcoding and serialization ensures manufacturers about the integrity of their product in compliance with e-pedigree laws.

Global Track and trace labels market: Dynamics

With increase in product piracy, it is very difficult to keep regular check on the product integrity. It will drive the global track and trace labels market growth. Unit level tracking was in use for years. However, recent changes have been made to the existing laws, for implementation of track and trace systems considered necessary by pharmaceutical manufacturers, which might be a key driver in increasing the global track and trace labels market growth. It is not easy for organizations to keep track of their respective assets or products. Track and trace labels provide easy way to identify their products. It is expected to drive the growth of the global track and trace labels market. Customizability of track and trace labels allow customers to customize labels as per the requirement. These track and trace labels are adaptive to colour printing, one can choose from various design options, which is anticipated to boost growth of the global track and trace labels market over the forecast period. Packaging converters can use different technology to print barcode on track and trace labels. This attribute leads to increase the global track and trace labels market. Track and trace labels are also used by shippers for tracking the packages which is expected to drive the global track and trace labels market growth. The factor which might hinder growth of the global track and trace labels market is damaging of labels.

Global Track and trace labels market: Segmentation

Global track and trace labels market can be segmented as follows:

On the basis of material used, the global track and trace labels market had been segmented as:

  • Estate #9 paper labels
  • Gold polyester (metalized) labels
  • White BOPP labels
  • Others

On the basis of printing options, the global track and trace labels market has been segmented as:

  • Barcode
  • Serialization

On the basis of end use industry, the global track and trace labels market has been segmented as:

  • Pharmaceutical industry
  • Metallurgical industry
  • Consumer goods industry

Global track and trace labels market: Regional Outlook

Based on regions, the global track and trace labels market is divided into seven regions namely:

  • North America
  • Western Europe
  • Asia-pacific except Japan
  • Eastern Europe
  • Latin America
  • Middle-east and Africa
  • Japan

North America and Western Europe are predominant regions and are expected to drive the global track and trace labels market growth over the forecast period, mainly due to highly regulated serialization standards. Asia Pacific and Latin America regions are expected to witness high growth rate over the forecast period due to high interference of fake drugs. Rest of the world is expected to witness moderate growth in global track and trace labels market over the forecast period.

Global Track and trace labels market: Key Players

Few of the market key players of the global track and trace labels are- Lithotech Corporate (Pty) Ltd., Dantech Ltd., SATO America, LLC., Holostik India Ltd., Identco International Corporation, R.R. Donnelley & Sons Company.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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