RFID tags see steady growth for apparel, payment cards, farm animals

Demand for radio frequency identification (RFID) tags in logistics may not have lived up to Wal-Mart's flash-in-the-pan push for the tracking technology back in 2003, but the market has been slowly and steadily growing over the years nonetheless, with the number of all tags sold globally set to climb from 17.5 billion tags in 2018 to 20 billion in 2019, a new report says. That growth will be driven in part by hot demand for a specific model—passive RFID tags—which are on track to increase their 2019 sales by 13% over 2018, according to the report.