The global handheld tagging gun market is witnessing significant growth, with an estimated value of US$ 1,080.8 million in 2024. Forecasts suggest that sales of handheld tagging guns will rise at a steady Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period, reaching a total of US$ 1,565.1 million by 2034.
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Key Market Highlights:
- Growing Usage Across Diverse Industries: Rising adoption of handheld tagging solutions across diverse industries is driving market expansion, with the retail sector leading the way.
- Expanding Retail Sector: The expanding retail sector, coupled with the growing popularity of RFID labels and barcodes, is fueling demand for handheld tagging guns.
- Semi-Automatic Tagging Guns: Semi-automatic tagging guns are expected to dominate the market, accounting for over 70% of the value share during the forecast period.
- Leading End User: Retail Sector: The retail sector is anticipated to remain the leading end user of handheld tagging guns, driven by escalating demand for retail security and efficient inventory management.
- Efficiency and Productivity: Handheld tagging guns are essential solutions for improving productivity and efficiency across various industries, including clothing stores, fabric shops, and warehouses.
- E-commerce Growth: The booming e-commerce sector and the rise of omnichannel retailing are creating opportunities for efficient inventory management, thereby driving the adoption of handheld tagging guns.
Factors Driving Market Growth:
- Expansion of Retail Sector: The expansion of the retail sector, including hypermarkets, supermarkets, and brick-and-mortar stores, is boosting demand for tagging guns.
- Regulatory Changes: Changes in regulations related to product labeling, safety standards, and compliance are expected to fuel sales of handheld tagging guns.
- Consumer Expectations: Increasing consumer expectations for transparency and product information contribute to growing demand for handheld tagging solutions.
- E-commerce Boom: The rapid growth of the e-commerce sector is creating opportunities for handheld tagging gun manufacturers to meet the demand for efficient inventory management.
- Counterfeit Product Awareness: Rising awareness of counterfeit products is fostering growth in the handheld tagging gun industry, as companies seek effective solutions to combat counterfeit goods.
- Textile and Apparel Industry Growth: The rapid growth of the textile and apparel industry, coupled with the rising usage of tagging guns for labeling clothing and accessories, is supporting market expansion.
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Key Takeaways from the Market Report
- The global market for handheld tagging guns is set to total US$ 1,565.1 million in 2034.
- Based on mechanism, the semi-automatic tagging guns segment is expected to lead the market, with around 70% of the share in 2024.
- By application, the RFID labels segment is projected to total US$ 540.9 million by 2034.
- Based on end-use, the retail segment is poised to exhibit a CAGR of 2% through 2034.
- Asia Pacific is anticipated to gain almost 37% of value share by the end of the forecast years.
- Latin America is expected to grow at 2% CAGR, reaching a valuation of US$ 48.3 million by 2034.
- India will likely exhibit a CAGR of 8% from 2024 to 2034.
Outline of Important Trends Shaping the Global Handheld Tagging Gun Market:
- Consumer Focus on Essential Information
Nowadays, consumers have become highly conscious about the products they purchase and use and aspire for transparency about the ingredients, sourcing, and manufacturing process. Handheld tagging guns are important in providing product details to meet consumers’ needs.
Consumers praise the transparent details and instructions about the usage and security of the products. These guns help to communicate the required information about the user guidelines and protection instructions, ensuring that the customers can make informed decisions.
The crucial details include the safety information and compliance with the industry standards, particularly in industries such as food, pharmaceutical, and childcare products where the consumers depend on accurate labeling for safety considerations. The compulsion to meet these needs and prioritize necessary product information reflects the changing expectations of consumers who desire transparency, safety, and clear manufacturer communication.
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Market Segmentation
By Mechanism:
- Semi-automatic Tagging Guns
- Manual Tagging Guns
By Application:
- RFID Labels
- Barcode Labels
- Adhesive Labels
- Pre-printed Labels
- Other Labels
By End-use:
- Retail
- Warehouse & Logistics
- Manufacturing
- Food & Beverage
- Healthcare & Pharmaceutical
- Apparel & Fashion
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author
Ismail Sutaria (Principal Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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