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Track and Trace Solutions Market Size Predicts Favorable Growth and forecast 2021-2027

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[150+ Pages Report] According to Report, the track and trace solutions market is expected to grow at a compound annual growth rate (CAGR) of 17.98% from 2021 to 2027.

The track and trace solutions market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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This research report evaluates the track and trace solutions market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global track and trace solutions market for the period from 2017 to 2027.

Growth Factors

Some of the prominent influencers of the track and trace solutions market include rigorous standards and regulations for the execution of serialization, growing focus of producers on brand protection, and escalating number of packaging-related product recalls. Additionally, tremendous growth in the OTC and generic markets and developing medical device sector are flourishing the market growth. Augmented numbers of product recalls also impel the growth of track and trace solutions. As per the Food and Drug Administration (FDA), about 200 food connected recalls were revealed in in 2018. Consequently, the acceptance of track and trace solutions has become indispensable in the manufacturing sector regardless of the products being manufactured like medical device food & beverage and pharmaceutical industry.

Market Report Scope

Report Highlights Details
Market Size USD 8.1 Billion by 2027
Growth Rate CAGR of 17.98% from 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global track and trace solutions market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global track and trace solutions market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • Depending on different types of technologies, the track and trace solutions market is bifurcated into 2D barcodes, linear barcodes, and Radio Frequency Identification (RFID). Among these technologies, in terms of revenue, 2D barcodes accounted for the biggest market share in 2019.
  • Growing number of forged drugs and rigorous government regulations for the application of serialization is pushing the growth of track and trace serialization solutions market
  • 2D barcodes are favored for packaging above linear barcodes due to their higher data storage capability and feature of containing huge amounts of data with less variation in image size.
  • Unexploited opportunities in the emerging regions are estimated to offer alluring future prospect to the track and trace solutions market growth.
  • Europe has emerged as second-largest market for track and trace solutions and expected mirror this trend till 2027. This growth can be credited to the existence of established markets, such as Turkey, Germany, the U.K., Italy and France in the region.
  • North America market is principally fueled by existence of extremely regulated serialization and aggregation principles along with cutting-edge healthcare infrastructure. There are plentiful small and large sellers proposing a plethora of track and trace solutions that makes market competition fiercer in this region.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global track and trace solutions market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the track and trace solutions market include:

  • Adents International
  • Mettler-Toledo International, Inc
  • Axway, TraceLink, Inc
  • Optel Vision
  • Siemens AG
  • SeidenaderMaschinenbau GmbH
  • Others

Market Segmentation

By Technology

  • RFID
  • Barcode

 By Product

  • Hardware Systems
    • Monitoring & Verification Solutions
    • Printing & Marking Solutions
    • Labeling Solutions
    • Others
  • Software Solutions
    • Bundle Tracking Software
    • Plant Manager Software
    • Line Controller Software
    • Others

By Application

  • Aggregation Solutions
    • Bundle Aggregation
    • Case Aggregation
    • Pallet Aggregation
  • Serialization Solutions
    • Carton Serialization
    • Label Serialization
    • Bottle Serialization
    • Data Matrix Serialization

End-User

  • Medical device Companies
  • Pharmaceutical Companies
  • Food and Beverage
  • Healthcare
  • Consumer Packaged Goods
  • Luxury Goods
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the track and trace solutions in 2020?

What is the expected market size by 2027?

What is the track and trace solutions market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the track and trace solutions market?

Why Buy this Report?

The purpose of Precedence Research’s track and trace solutions market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Track And Trace Solutions Market, By Product

7.1. Track And Trace Solutions Market, by Product Type, 2020-2027
7.1.1. Hardware Systems
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Software Solutions
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Track And Trace Solutions Market, By Technology

8.1. Track And Trace Solutions Market, by Technology, 2020-2027
8.1.1. RFID
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Barcode
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Track And Trace Solutions Market, By Application

9.1. Track And Trace Solutions Market, by Application, 2020-2027
9.1.1. Aggregation Solutions
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Serialization Solutions
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Track And Trace Solutions Market, By End-User

10.1. Track And Trace Solutions Market, by End-User, 2020-2027
10.1.1. Medical device Companies
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Pharmaceutical Companies
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Food and Beverage
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Healthcare
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Consumer Packaged Goods
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Luxury Goods
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Track And Trace Solutions Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.2. Market Revenue and Forecast, by Technology (2016-2027)
11.1.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End-User (2016-2027)

Chapter 12. Company Profiles

12.1. Adents International
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Mettler-Toledo International, Inc
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Axway, TraceLink, Inc
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Optel Vision
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Siemens AG
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. SeidenaderMaschinenbau GmbH
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Others
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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