Tags Market Expected to Reach USD 91.76 Billion by 2032 | Growing at a CAGR of 5.8%

Market Research Future (MRFR) has published a latest research report on the “Global Tags Market” that contains information from 2018 to 2032. The Tags market is estimated to register a CAGR of 5.80% from 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Tags market— Zebra Technologies Corp., Honeywell International, Sato Holdings Corp., Finotex USA Corp., CCL Industries Inc., Pacific Coats Bach Label Inc., NXP Semiconductors.

Market Highlights

The global Tags market is accounted to register a CAGR of 5.80% during the forecast period and is estimated to reach USD 11.9 billion by 2032.

The increasing humanization of pets has driven owners to seek pet food options that resemble their diets, emphasizing real meat and wholesome ingredients. Sustainability concerns have also played a role, with pet owners favoring brands that focus on ethical sourcing and environmentally friendly practices. The rise of e-commerce and online shopping has provided convenient access to a wide range of Tags options, enabling consumers to explore different brands and make informed choices for their pets. As a result, the Tags market is expected to continue its upward trajectory in response to evolving consumer preferences and values.

Segment Analysis

The global Tags market has been segmented based on material type, tags type, end-use.

Based on Material type, the global Tags market has been segmented into Plastic, Paper, Fibers, and Others. The plastic segment was attributed to holding the largest market in 2022. This relates to the ease with which different colors, designs, and coatings can be applied to plastic tags. Additionally, they might have barcodes, brand names, logos, and product descriptions printed on them. Printability on plastic tags enhances product and brand identification by making labeling readable and clear.

Based on tags type, the global Tags market has been segmented into RFID Tag, Hang/Swing Tag, and Loop Tag. The RFID segment was anticipated to hold the major market share in 2022. RFID tags offer better durability, ease of use, and stackability for logistical accounting. Because of this, RFID tags are ideal for a range of sectors, such as apparel, food, and electronics.

Based on End-use, the global Tags market has been segmented into Food & Beverage, Clothing & Apparel, Hospitality & Travel, Beauty & Personal Care, Consumer Electronics, and Others. The Food & Beverage segment was attributed to holding the largest market in 2022. This is because the supply chain for perishable goods depends heavily on traceability, tracking expiration dates, and adherence to strict regulations.

Regional Analysis

The global Tags market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Tags market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Tags market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Tags market comprises of Middle East, Africa, and Latin America.

The largest market share for Tags was maintained by the North American regional sector. This market will be dominated by the North American Tags market area. Urbanization, the majority of Americans moving from rural to urban areas, rising disposable income, and a shifting emphasis on better food products in the US present growth opportunities for the food and food services packaging industry. According to the Organization for Economic Co-operation and Development, Americans consume the second most meat worldwide (OECD). This is expected to support the tag demand in the area.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Tags is driven because of the importance of supply chain optimization increasing, strict laws requiring product traceability, and rising environmental consciousness. These elements have led industries to adopt advanced tagging systems for better visibility and more efficient logistics.

Additionally, the Asia-Pacific Tags Market is anticipated to grow at the fastest compound annual growth rate (CAGR). This is a result of the region's booming e-commerce sector, the rising demand for supply chain visibility, and the expanding use of advanced logistics technologies. The region's robust economic growth and rising e-commerce activity are driving the need for efficient tagging solutions. Furthermore, the Tags market in China commanded the highest market share, while the Tags market in India grew at the fastest rate in the Asia-Pacific area.

Furthermore, the rest of the world's Tags market is divided into the Middle East, Africa, and Latin America. This growth is attributed to rising economic development, online shopping and e-commerce development

Key Findings of the Study

• The global Tags market is expected to reach USD 19.76 billion by 2032, at a CAGR of 5.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to rising economic development, online shopping, and e-commerce development


• Based on material type, the plastic segment was attributed to holding the largest market in 2022, with an approximate market share of 42.8%.


• Zebra Technologies Corp., Honeywell International, Sato Holdings Corp., Finotex USA Corp., CCL Industries Inc., Pacific Coats Bach Label Inc., NXP Semiconductors, and Others.