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Europe Retail Security Tags Market Forecast to 2030
Europe Retail Security Tags Market Forecast to 2030 – Regional Analysis – by Technology (RF and RFID), Material (Paper and Plastic), Print Type (Printable and Non-Printable), and Application (Apparel & Fashion Accessories, Cosmetic & Pharmaceuticals and Others)
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Description
Growing Shoplifting Cases Fuels the Europe Retail Security Tags Market
Shoplifting or retail fraud is the theft of goods from retail outlets. There is an increase in incidents of shoplifting across the region. For instance, according to Novaya Gazeta Europe, there was an 18% rise in shoplifting cases across Russia from February to April 2022 compared to the same period in 2021. The rising cost of living is one of the major factors catalyzing the number of shoplifting cases worldwide. Due to rising shoplifting cases, retailers suffer huge losses that hamper their business performance and profitability. For instance, according to a report by National Retail Federation, the total store loss was US$ 453,940 per US$ 1 billion in sales in 2015 and increased to US$ 719,458 in 2020. The rise in shoplifting cases generates the need for installing security solutions, such as security tags, across retail stores. Retail security firms use security tags with different technologies, such as barcodes and RFID, to prevent theft and trigger an alarm when someone tries to steal a tagged item from the retail store. These tags help in checkpoint retail security to cut down on shoplifting losses.
Europe Retail Security Tags Market Overview
The Europe retail security tags market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The retail industry in Europe has experienced significant growth owing to the growing adoption of omnichannel business strategies by several retail brands. For instance, European brands such as Nordstrom and Louis Vuitton have significantly adopted the omnichannel model for their business growth.
The region is also experiencing a significant rise in the number of retail outlets. For instance, in February 2023, the fashion brand “Reserved” announced its plans to open several new stores across the UK and Europe. Similarly, in May 2021, Action announced its plans to open 200 new stores across Europe over the next five years. The rise in retail outlets is contributing to the increasing adoption of retail security tags across retail stores to monitor inventory and signal the management if any product is leaving the retail campus without billing, thereby contributing to the market’s growth.
The presence of global fashion brands such as H&M, ASOS, Prada, Burberry, Levi’s, Gucci, Benetton, Ted Baker, and Promod, coupled with their investment to expand the number of retail outlets across the region, is boosting the demand for retail security tags in the fashion industry. For instance, in November 2022, Goldsmiths announced its plan to expand its operations across Europe by opening a new luxury concept store in England. Similarly, in August 2022, H&M opened its new stores in Costa Rica and North Macedonia.
These factors are further contributing to the rise in demand for security solutions across the stores, thus contributing to the growth of the Europe retail security tags market.
The key players operating in the Europe retail security tags market include ALL-TAG, Century Europe, and Johnson Controls. The increasing adoption of strategies such as new product development, merger & acquisition, partnerships, and geographical expansion to cater to the growing demand for retail security tags is promoting the market growth across the region.
Europe Retail Security Tags Market Revenue and Forecast to 2030 (US$ Million)
Europe Retail Security Tags Market Segmentation
The Europe retail security tags market is segmented based on technology, material, print type, application, and country.
Based on technology, the Europe retail security tags market is categorized into RF & RFID, AM, and others. The RF & RFID segment held the largest share in 2022.
Based on material, the Europe retail security tags market is categorized into paper and plastic. The plastic segment held the larger share in 2022.
By print type, the Europe retail security tags market is categorized into printable and non-printable. The non-printable segment held the larger share in 2022.
By application, the Europe retail security tags market is categorized into apparel & fashion accessories, cosmetics & pharmaceuticals, and others. The apparel & fashion accessories segment held the largest share in 2022.
Based on country, the Europe retail security tags market is segmented into the Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe retail security tags market in 2022.
Avery Dennison Corp, 3M Co, Alien Technology LLC, Brady Corp, Sensormatic electronics Corp, Check Point Systems Inc, HP Inc, and Century Retail Europe BV are some of the leading companies operating in the Europe retail security tags market.
Summary Info
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According to the research team’ research, the Europe retail security tags market was valued at US$ 171.19 in 2022 and is expected to reach US$ 266.87 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Increasing construction of commercial complexes and rising number of supermarkets and hypermarkets are among the critical factors attributed to the Europe Retail Security Tags market expansion.
The global retail industry is characterized by several small and medium players, making it a fragmented market. The unorganized sector generally operates in a traditional business model and is reluctant to adopt advanced technologies for automating security management, inventory control, and billing processes. Additionally, developing countries have a wide presence of convenience stores and mom & pop stores for offering convenient buying to the local community. These stores operate at a local level and do not use advanced technologies to ensure security. Moreover, installing retail security tags across convenience and mom & pop stores is expensive considering their business operation size. All these factors are restricting the adoption of retail security tags in the unorganized retail sector, hampering the Europe retail security tags market growth.
On the contrary, high presence of unorganized retail sector on hamper the growth Europe retail security tags market.
In terms of technology, the Europe retail security tags market is categorized into RF & RFID, AM, and others. The RF & RFID segment held 52.2% share of the Europe retail security tags market in 2022, amassing US$ 89.32 million. It is projected to garner US$ 143.56 million by 2030 to expand at 6.1% CAGR during 2022-2030.
In terms of material, the Europe retail security tags market is categorized into paper and plastic. The plastic segment held 77.9% share of the Europe retail security tags market in 2022, amassing US$ 133.38 million. It is projected to garner US$ 215.21 million by 2030 to expand at 6.2% CAGR during 2022-2030.
In terms of print type, the Europe retail security tags market is categorized printable and non-printable. The non-printable segment held 64.1% share of the Europe retail security tags market in 2022, amassing US$ 109.77 million. It is projected to garner US$ 160.58 million by 2030 to expand at 4.9% CAGR during 2022-2030.
In terms of application, the Europe retail security tags market is categorized into apparel & fashion accessories, cosmetics & pharmaceuticals, and others. The apparel & fashion accessories segment held 47.0% share of the Europe retail security tags market in 2022, amassing US$ 80.52 million. It is projected to garner US$ 119.55 million by 2030 to expand at 5.1% CAGR during 2022-2030.
Based on country, the Europe retail security tags market is categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe held 23.4% share of Europe market in 2022, amassing US$ 40.00 million. It is projected to garner US$ 62.43 million by 2030 to expand at 5.7% CAGR during 2022-2030.
Avery Dennison Corp, 3M Co, Alien Technology LLC, Brady Corp, Sensormatic Electronics Corp, Check Point Systems Inc, HP Inc, and Century Retail Europe BV, among others.
In 2019, Alien Technology, LLC introduced a new Higgs-9, a next-generation High-Memory RFID Tag, which provides a base 96-bit EPC field and 688-bit User Memory field allowing superior write accuracy, memory retention and read reliability. In Feb 2022, Checkpoint Systems launched SFERO – a high-performing, modular RFID as an EAS solution for retailers. The SFERO enables retailers to accommodate any store layout and design to combine intelligent pedestals and overhead antennas to create a sphere of protection.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe retail security tags market.
o Highlights key in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe retail security tags market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Europe Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Retail Security Tags Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
5. Europe Retail Security Tags Market – Key Industry Dynamics
5.1 Europe Retail Security Tags Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Retail Outlets by Global Brands
5.2.2 Growing Shoplifting Cases
5.2.3 Rising Number of Supermarkets and Hypermarkets
5.3 Market Restraints
5.3.1 High Presence of Unorganized Retail Sector
5.4 Market Opportunities
5.4.1 Increasing Construction of Commercial Complexes
5.4.2 Growing Digitalization Among SMEs
5.5 Future Trends
5.5.1 Adoption of Omnichannel Retailing
5.6 Impact of Drivers and Restraints:
6. Retail Security Tags Market – Europe Market Analysis
6.1 Europe Retail Security Tags Market Revenue (US$ Million), 2022 – 2030
6.2 Europe Retail Security Tags Market Forecast and Analysis
7. Europe Retail Security Tags Market Analysis – Technology
7.1 RF & RFID
7.1.1 Overview
7.1.2 RF & RFID Market, Revenue and Forecast to 2030 (US$ Million)
7.2 AM
7.2.1 Overview
7.2.2 AM Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Retail Security Tags Market Analysis – Materials
8.1 Paper
8.1.1 Overview
8.1.2 Paper Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Plastic
8.2.1 Overview
8.2.2 Plastic Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Retail Security Tags Market Analysis – Print Type
9.1 Printable
9.1.1 Overview
9.1.2 Printable Market Revenue and Forecast to 2030 (US$ Million)
9.2 Non-Printable
9.2.1 Overview
9.2.2 Non-Printable Market Revenue and Forecast to 2030 (US$ Million)
10. Europe Retail Security Tags Market Analysis – Application
10.1 Apparel & Fashion Accessories
10.1.1 Overview
10.1.2 Apparel & Fashion Accessories Market, Revenue and Forecast to 2030 (US$ Million)
10.2 Cosmetics & Pharmaceuticals
10.2.1 Overview
10.2.2 Cosmetics & Pharmaceuticals Market, Revenue and Forecast to 2030 (US$ Million)
10.3 Others
10.3.1 Overview
10.3.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
11. Europe Retail Security Tags Market – Country Analysis
11.1 Overview: Europe
11.1.1 Europe Retail Security Tags Market, by Key Country (2022) (US$ Mn)
11.1.2 Europe Retail Security Tags Market Revenue and Forecasts and Analysis – By Country
11.1.2.1 Europe Retail Security Tags Market Revenue and Forecasts and Analysis – By Country
11.1.2.2 Germany Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 Germany Retail Security Tags Market Breakdown, by Technology
11.1.2.2.2 Germany Retail Security Tags Market Breakdown, by Materials
11.1.2.2.3 Germany Retail Security Tags Market Breakdown, by Print Type
11.1.2.2.4 Germany Retail Security Tags Market Breakdown, by Application
11.1.2.3 France Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 France Retail Security Tags Market Breakdown, by Technology
11.1.2.3.2 France Retail Security Tags Market Breakdown, by Materials
11.1.2.3.3 France Retail Security Tags Market Breakdown, by Print Type
11.1.2.3.4 France Retail Security Tags Market Breakdown, by Application
11.1.2.4 Italy Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.4.1 Italy Retail Security Tags Market Breakdown, by Technology
11.1.2.4.2 Italy Retail Security Tags Market Breakdown, by Materials
11.1.2.4.3 Italy Retail Security Tags Market Breakdown, by Print Type
11.1.2.4.4 Italy Retail Security Tags Market Breakdown, by Application
11.1.2.5 UK Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.5.1 UK Retail Security Tags Market Breakdown, by Technology
11.1.2.5.2 UK Retail Security Tags Market Breakdown, by Materials
11.1.2.5.3 UK Retail Security Tags Market Breakdown, by Print Type
11.1.2.5.4 UK Retail Security Tags Market Breakdown, by Application
11.1.2.6 Russia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.6.1 Russia Retail Security Tags Market Breakdown, by Technology
11.1.2.6.2 Russia Retail Security Tags Market Breakdown, by Materials
11.1.2.6.3 Russia Retail Security Tags Market Breakdown, by Print Type
11.1.2.6.4 Russia Retail Security Tags Market Breakdown, by Application
11.1.2.7 Rest of Europe Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.7.1 Rest of Europe Retail Security Tags Market Breakdown, by Technology
11.1.2.7.2 Rest of Europe Retail Security Tags Market Breakdown, by Materials
11.1.2.7.3 Rest of Europe Retail Security Tags Market Breakdown, by Print Type
11.1.2.7.4 Rest of Europe Retail Security Tags Market Breakdown, by Application
12. Competitive Landscape
12.1 Europe Heat Map Analysis by Key Players
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions
14. Company Profiles
14.1 Avery Dennison Corp
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 3M Co
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Alien Technology, LLC
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Brady Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Sensormatic Electronics Corp
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Checkpoint Systems Inc
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 HP Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Century Retail Europe BV
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
15. Appendix
15.1 Word Index
LIST OF TABLES
Table 1. Europe Retail Security Tags Market Segmentation
Table 2. Europe Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Europe Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 4. Germany Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 5. Germany Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 6. Germany Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 7. Germany Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 8. France Retail Security Tags Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 9. France Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 10. France Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 11. France Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. Italy Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 13. Italy Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 14. Italy Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 15. Italy Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. UK Retail Security Tags Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 17. UK Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 18. UK Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 19. UK Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 20. Russia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 21. Russia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 22. Russia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 23. Russia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 24. Rest of Europe Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 25. Rest of Europe Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 26. Rest of Europe Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 27. Rest of Europe Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 28. Europe Heat Map Analysis by Key Players
Table 29. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Retail Security Tags Market Segmentation, By Country
Figure 2. Europe PEST Analysis
Figure 3. Ecosystem: Europe Retail Security Tags Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Retail Security Tags Market Revenue (US$ Million), 2022 – 2030
Figure 6. Europe Retail Security Tags Market Share (%) – Technology, 2022 and 2030
Figure 7. RF & RFID Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. AM Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Europe Retail Security Tags Market Share (%) – Materials, 2022 and 2030
Figure 11. Paper Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Plastic Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Europe Retail Security Tags Market Share (%) – Print Type, 2022 and 2030
Figure 14. Printable Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Non-Printable Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Europe Retail Security Tags Market Share (%) – Application, 2022 and 2030
Figure 17. Apparel & Fashion Accessories Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Cosmetics & Pharmaceuticals Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Europe Retail Security Tags Market, by Key Country (2022) (US$ Mn)
Figure 21. Retail Security Tags Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. Germany Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. France Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Italy Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. UK Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Russia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Rest of Europe Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Europe Retail Security Tags Market
1. Avery Dennison Corp
2. 3M Co
3. Alien Technology LLC
4. Brady Corp
5. Sensormatic electronics Corp
6. Check Point Systems Inc
7. HP Inc
8. Century Retail Europe BV
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