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Inventory Tags Market by Technology, Label Type, Printing technology, End-Use - Global Forecast to 2021

LONDON, April 18, 2016 /PRNewswire/ -- "Increasing focus of manufacturers on real-time tracking is projected to drive the inventory tags market"
The global inventory tags market size is projected to grow from USD 4.08 billion in 2016 to reach USD 5.07 billion by 2021, at a CAGR of 4.43%. Increasing concerns for efficient tracking of an enterprise's assets, the need for managing an efficient supply chain, and rising counterfeit products in the market are factors encouraging manufacturing to use inventory tags technologies. Real time tracking has wide applications in industry verticals such as healthcare, logistics & transportation, industrial manufacturing, process industries, government, defense, and retail among others.

"Use of RFID technology in the industrial sector is projected to increase during the forecast period."
The industrial sector is projected to be the fastest-growing end-use sector in the next five years. Due to the stringent laws & regulations enacted by the government towards theft and counterfeiting, and the increasing importance given to package security by manufacturers, the demand for inventory tags technologies is projected to grow in this sector.

"Europe is projected to dominate the inventory tags market in 2021"
Europe accounted for the largest share in the inventory tags market in 2015, and is projected to dominate the market during the forecast period. The market...