A $5.8 Billion Global Opportunity for Inventory Tags by 2026

Amid the COVID-19 crisis, the global market for Inventory Tags estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2026, growing at a CAGR of 4.2% over the analysis period. Barcodes, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$2.8 Billion by the end of the analysis period.

The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1 Billion by 2026
The Inventory Tags market in the U.S. is estimated at US$1.4 Billion in the year 2021.

China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2026 trailing a CAGR of 4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.