North America Retail Security Tags Market Forecast to 2030
North America 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)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Increasing Retail Outlets by Global Brands Fuels the North America Retail Security Tags Market
The retail industry contributes a significant amount to the GDP of any country. Rising consumer purchasing power and growing business strategies by the retail market players in categories such as apparel, cosmetics, footwear, watches, beverages, food, and others act as major contributors to the growing retail industry. The inorganic business strategies by retailers to reach more customers further fuels the retail industry.
Retail brands are expanding their footprint across the region to grow their business, contributing to the growing number of retail outlets of fashion and apparel, cosmetics, supermarkets, and groceries. A few of the major retail brands focused on increasing their retail footprint are mentioned below:
In November 2022, JD Sports announced its plan to open 15 retail stores in Canada by 2023 to expand the company’s retail footprint in the country. In October 2022, Miniso announced the launch of a store in Canada with a “$2 Plus” concept. The store was established to provide low-cost, high-quality products for the growing customer base in the country. Thus, the growing number of retail stores contributes to the need for various security solutions to prevent merchandise, manage inventory, and enhance supply chain management, thereby boosting the demand for retail security tags. The adoption of retail security tags helps retailers increase their sales by reducing shoplifting cases and enhancing customer service at the billing counters. This, in turn, is boosting the North America retail security tags market growth.
North America Retail Security Tags Market Overview
The North America retail security tags market is segmented into the US, Canada, and Mexico. The significant presence of the retail industry in North America is one of the major factors driving the retail security tags market in the region. Major retail brands, including The Kroger Co., Costco, Best Buy, Carvana, The Home Depot, Target, eBay, and Walmart, are present across the region. The abovementioned brands have adopted many expansion strategies, including opening several new retail stores across the region. For example, in 2022, Target opened 23 new stores across different locations, such as New York, Texas, Pittsburgh, and South Carolina. Thus, the increase in the number of retail stores is further boosting the demand for retail security tags across the region.
North America has a significant presence of several retail security tags market players, including Johnson Controls; Checkpoint Systems, Inc.; and SECURITY TAGS. The growing adoption of organic and inorganic growth strategies by the players is propelling the market’s growth. For instance, in March 2021, Johnson Controls announced its partnership with Intel Corporation to develop new and advanced solutions for improving the overall shopping experience for customers. Sensormatic Solutions by Johnson Controls is a prominent retail security tags solution provider across the region integrates advanced technologies in collaboration with Intel Corporation.
In addition, the increasing number of shoplifting cases across North America is driving the demand for retail security tags. According to the Retail Council of Canada, the retail sector in the country experienced theft of ~US$ 200 million a year before the onset of the COVID-19 pandemic. Furthermore, the rising cost of living is one of the factors catalyzing the number of shoplifting cases across the country. These factors are propelling the demand for advanced security solutions across retail stores, thereby contributing to the growth of the retail security tags market. In addition, stringent government regulations and certifications, such as UCODE 9 IC, are being implemented to standardize security products across retail checkpoints and exit points, which is further influencing the market players in the region to develop enhanced products, contributing to the growth of the market.
North America Retail Security Tags Market Revenue and Forecast to 2030 (US$ Million)
North America Retail Security Tags Market Segmentation
The North America retail security tags market is segmented based on technology, material, print type, application, and country.
Based on technology, the North America 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 North America retail security tags market is bifurcated into paper and plastic. The plastic segment held the larger share in 2022.
By print type, the North America retail security tags market is categorized into printable and non-printable. The non-printable segment held the larger share in 2022.
By application, the North America 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 North America retail security tags market is segmented into the US, Canada, and Mexico. US dominated the North America 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 MaverickLabel.Com Inc are some of the leading companies operating in the North America retail security tags market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the research team’ research, the North America retail security tags market was valued at US$ 212.46 in 2022 and is expected to reach US$ 344.97 million by 2030, registering a CAGR of 6.2% from 2022 to 2030. Adoption of omnichannel retailing and rising number of supermarkets and hypermarkets are among the critical factors attributed to the North America retail security tags market expansion.
The rising disposable income of people, the buying power of customers is increasing rapidly, contributing to their access to various shopping channels, including physical and online shopping. Hence, retailers are adopting various strategies to reach more customers and fuel their business growth. One such strategy is omnichannel retailing.
Omnichannel strategy is a strategy that retailers and brands adopt to engage and reach more customers through multiple integrated digital and physical touchpoints, such as physical stores, e-commerce websites, social media, and apps. In the modern retail landscape, omnichannel retailing helps integrate multiple channels to provide a seamless shopping experience to customers. It helps retailers increase their profitability compared to single-channel retailing. It enhances customer engagement, improves client reach, and expands the retailer’s footprint. Digitalization in retail has further augmented the adoption of omnichannel retailing. In addition, it helps retailers to gain competitive advantages over others. Retailers that use omnichannel retailing include DSW, Inc.; Urban Outfitters, Inc.; Abercrombie & Fitch; Foot Locker; Zara; Ulta Beauty, Inc.; PetSmart; Sierra; Lenskart; and Pepperfry.
Handling the products in omnichannel retailing generates the need for an advanced solution to track inventory, manage the supply chain, and reduce theft, which is anticipated to fuel the demand for security tags, driving the North America retail security tags market.
On the contrary, high presence of unorganized retail sector on hamper the growth North America retail security tags market.
In terms of technology, the North America retail security tags market is categorized into RF & RFID, AM, and others. The RF & RFID segment held 53.0% share of the North America retail security tags market in 2022, amassing US$ 112.58 million. It is projected to garner US$ 187.72 million by 2030 to expand at 6.6% CAGR during 2022-2030.
In terms of material, the North America retail security tags market is categorized into paper and plastic. The plastic segment held 80.6% share of the North America retail security tags market in 2022, amassing US$ 171.19 million. It is projected to garner US$ 288.66 million by 2030 to expand at 6.7% CAGR during 2022-2030.
In terms of print type, the North America retail security tags market is categorized printable and non-printable. The non-printable segment held 65.5% share of the North America retail security tags market in 2022, amassing US$ 139.19 million. It is projected to garner US$ 211.12 million by 2030 to expand at 5.3% CAGR during 2022-2030.
In terms of application, the North America retail security tags market is categorized into apparel & fashion accessories, cosmetics & pharmaceuticals, and others. The apparel & fashion accessories segment held 46.8% share of the North America retail security tags market in 2022, amassing US$ 99.37 million. It is projected to garner US$ 153.50 million by 2030 to expand at 5.6% CAGR during 2022-2030.
Based on country, the North America retail security tags market is categorized into US, Canada, and Mexico. The US held 84.5% share of North America market in 2022, amassing US$ 179.57 million. It is projected to garner US$ 287.71 million by 2030 to expand at 6.1% CAGR during 2022-2030.
Avery Dennison Corp, 3M Co, Alien Technology LLC, Brady Corp, Sensormatic electronics Corp, Check Point Systems Inc, HP Inc, and MaverickLabel.Com Inc, among others.
In 2021, ThinFilm from Oslo launched a smart label for electronic product security to improve traditional Electronic Article Surveillance (EAS) technology. The result was a new category of anti-shoplifting brands that are easy to integrate into merchandise and compatible with the world’s 8.2 MHz radiofrequency EAS infrastructure. In Feb 2022, HSI, a leader in Environmental Health and Safety (EHS), agreement and professional development solutions, and Brady Corporation. declared a collaboration to bring configurable safety management solutions (SMS) and additional services to businesses of all sizes. This cooperation expands the reach and growth of HSI in the EHS and SMS space and provides a new level of technology for Brady Corporation to assist organizations in safety, performance, and environmental sustainability.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America 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 North America Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Retail Security Tags Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
5. North America Retail Security Tags Market – Key Industry Dynamics
5.1 North America 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 – North America Market Analysis
6.1 North America Retail Security Tags Market Revenue (US$ Million), 2022 – 2030
6.2 North America Retail Security Tags Market Forecast and Analysis
7. North America 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. North America 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. North America 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. North America 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. North America Retail Security Tags Market – Country Analysis
11.1 Overview: North America
11.1.1 North America Retail Security Tags Market, by Key Country – Revenue (2022) (US$ Mn)
11.1.2 North America Retail Security Tags Market Revenue and Forecasts and Analysis – By Country
11.1.2.1 North America Retail Security Tags Market Revenue and Forecasts and Analysis – By Country
11.1.2.2 US Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 US Retail Security Tags Market Breakdown, by Technology
11.1.2.2.2 US Retail Security Tags Market Breakdown, by Materials
11.1.2.2.3 US Retail Security Tags Market Breakdown, by Print Type
11.1.2.2.4 US Retail Security Tags Market Breakdown, by Application
11.1.2.3 Canada Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Canada Retail Security Tags Market Breakdown, by Technology
11.1.2.3.2 Canada Retail Security Tags Market Breakdown, by Materials
11.1.2.3.3 Canada Retail Security Tags Market Breakdown, by Print Type
11.1.2.3.4 Canada Retail Security Tags Market Breakdown, by Application
11.1.2.4 Mexico Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.4.1 Mexico Retail Security Tags Market Breakdown, by Technology
11.1.2.4.2 Mexico Retail Security Tags Market Breakdown, by Materials
11.1.2.4.3 Mexico Retail Security Tags Market Breakdown, by Print Type
11.1.2.4.4 Mexico Retail Security Tags Market Breakdown, by Application
12. Competitive Landscape
12.1 North America Heat Map Analysis by Key Players
13. North America 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 MaverickLabel.Com 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 HP Inc
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. North America Retail Security Tags Market Segmentation
Table 2. North America Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 4. US Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 5. US Retail Security Tags Market Revenue and Forecasts To 2030 (US$ Mn) – By Materials
Table 6. US Retail Security Tags Market Revenue and Forecasts To 2030 (US$ Mn) – By Print Type
Table 7. US Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 8. Canada Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 9. Canada Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 10. Canada Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 11. Canada Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. Mexico Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 13. Mexico Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 14. Mexico Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 15. Mexico Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. North America Heat Map Analysis by Key Players
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Retail Security Tags Market Segmentation, By Country
Figure 2. North America PEST Analysis
Figure 3. Ecosystem: North America Retail Security Tags Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Retail Security Tags Market Revenue (US$ Million), 2022 – 2030
Figure 6. North America 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. North America 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. North America 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. North America 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. North America Retail Security Tags Market, by Key Country – Revenue (2022) (US$ Mn)
Figure 21. Retail Security Tags Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. US Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Canada Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Mexico Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – North America Retail Security Tags Market
1. 3M Co
2. Alien Technology LLC
3. Avery Dennison Corp
4. Brady Corp
5. Check Point Systems Inc
6. HP Inc
7. MaverickLabel.Com Inc
8. Sensormatic Electronics Corp
You must be logged in to post a review.
Reviews
There are no reviews yet.