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South & Central America Retail Security Tags Market Forecast to 2030
South & Central 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)
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Description
Growing Digitalization Among SMEs Fuels the South & Central America Retail Security Tags Market
The adoption of digital technologies helps businesses increase the overall efficiency of all operations, reduce operational costs, and minimize human errors. In addition, it has the potential to enhance broad and sustainable growth by stimulating innovation, generating efficiencies, and improving services.
According to the World Bank, SMEs account for most businesses worldwide and are important contributors to job creation and global economic development, particularly in developing countries. In the retail industry, SMEs are less likely to get loans from banks compared to large enterprises. Therefore, the World Bank Group is providing solutions in terms of credit guarantee schemes, e-lending platforms, policies, and others to improve SMEs’ access to finance, which helps them adopt innovative and advanced digital solutions. Through digitalization, retailers can track inventory in real time, enhance the customer experience, prevent theft, and improve supply chain management with the use of RFID tags and IoT devices. Digitalized security tags help retailers increase their overall workflow efficiency and profitability. Therefore, the growing adoption of digitalization by SMEs is expected to create an opportunity for the South & Central America retail security tags market during 2022-2030.
South & Central America Retail Security Tags Market Overview
Infrastructure development is key to economic growth. Large infrastructural developments in SAM have resulted in the growth of commercial complexes, shopping malls, hypermarkets, and supermarkets, increasing the number of retail stores across the region. The increase in retail stores will boost the demand for security solutions, fueling the growth of the retail security tags market during 2022-2030.
For instance,
In September 2022, Brazil’s biggest food retailer, GPA, announced a revised plan regarding the number of new stores it plans to open by 2024. It is expected to open 300 stores by 2024. In August 2023, Diario Financiero announced to open a new supermarket in Chile. The consumer goods market across South America is evolving rapidly as retailers are responding to consumer demand for convenience products by offering new budget-friendly retail options. In the past few years, the number of supermarkets in the region has increased, and the region has also observed the fastest growth in food demand. Having a significant penetration in the food retail sector, the supermarkets have triggered an upstream transformation of the vegetables and fruits marketing system. On the other hand, grocery retail sales per capita are considerably lower in the region compared to the developed markets. This is due to lower purchasing power and the occurrence of informal grocery retail, such as street vendors and informal markets. Walmart is the largest grocery retailer in the region. It operates a widespread variety of banners across South America, comprising hypermarkets, discounters, and supermarkets. Thus, the robust retail industry across the region is contributing to the growth of the SAM retail security tags market.
South & Central America Retail Security Tags Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Retail Security Tags Market Segmentation
The South & Central America Retail Security Tags market is segmented based on technology, material, print type, application, and country.
Based on technology, the South & Central 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 South & Central America Retail Security Tags market is categorized into paper and plastic. The plastic segment held the larger share in 2022.
By print type, the South & Central 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 South & Central 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 South & Central America Retail Security Tags market is segmented into the Brazil, Argentina, and Rest of South & Central America. Brazil dominated the South & Central America Retail Security Tags market in 2022.
Avery Dennison Corp, 3M Co, Alien Technology LLC, Brady Corp, Sensormatic electronics Corp, Check Point Systems Inc, and HP Inc are some of the leading companies operating in the South & Central America Retail Security Tags market.
Summary Info
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According to the research team’ research, the South & Central America retail security tags market was valued at US$ 30.47 in 2022 and is expected to reach US$ 43.41 million by 2030, registering a CAGR of 4.5% from 2022 to 2030. Adoption of omnichannel retailing and rising number of supermarkets and hypermarkets are among the critical factors attributed to the South & Central 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 South & Central America retail security tags market.
On the contrary, High presence of unorganized retail sector on hamper the growth South & Central America Retail Security Tags market.
In terms of technology, the South & Central America Retail Security Tags market is categorized into RF & RFID, AM, and others. The RF & RFID segment held 48.7% share of the South & Central America Retail Security Tags market in 2022, amassing US$ 14.84 million. It is projected to garner US$ 21.81 million by 2030 to expand at 4.9% CAGR during 2022-2030.
In terms of material, the South & Central America Retail Security Tags market is categorized into paper and plastic. The plastic segment held 84.2% share of the South & Central America Retail Security Tags market in 2022, amassing US$ 25.65 million. It is projected to garner US$ 37.63 million by 2030 to expand at 4.9% CAGR during 2022-2030.
In terms of print type, the South & Central America Retail Security Tags market is categorized printable and non-printable. The Non-Printable segment held 66.9% share of the South & Central America Retail Security Tags market in 2022, amassing US$ 20.39 million. It is projected to garner US$ 27.34. million by 2030 to expand at 3.7% CAGR during 2022-2030.
In terms of application, the South & Central America Retail Security Tags market is categorized into apparel & fashion accessories, cosmetics & pharmaceuticals, and others. The apparel & fashion accessories segment held 48.1% share of the South & Central America Retail Security Tags market in 2022, amassing US$ 14.65 million. It is projected to garner US$ 20.01 million by 2030 to expand at 4.0% CAGR during 2022-2030.
Based on country, the South & Central America Retail Security Tags market is categorized into Brazil, Argentina, and Rest of South & Central America. The Brazil held 60.8% share of South & Central America market in 2022, amassing US$ 18.54 million. It is projected to garner US$ 27.18 million by 2030 to expand at 4.9% 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 South & Central 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 South & Central 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 South & Central 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 South & Central America Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Retail Security Tags Market Landscape
4.1 Overview
4.2 South & Central America PEST Analysis
4.3 Ecosystem Analysis
5. South & Central America Retail Security Tags Market – Key Industry Dynamics
5.1 South & Central 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 – South & Central America Market Analysis
6.1 South & Central America Retail Security Tags Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Retail Security Tags Market Forecast and Analysis
7. South & Central 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. South & Central 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. South & Central America Retail Security Tags Market Analysis – Print Type
9.1 Printable
9.1.1 Overview
9.2 Non-Printable
9.2.1 Overview
9.2.2 Non-Printable Market Revenue and Forecast to 2030 (US$ Million)
10. South & Central 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. South & Central America Retail Security Tags Market – Country Analysis
11.1 Overview: SAM
11.1.1 SAM Retail Security Tags Market, by Key Country – Revenue (2022) (US$ Mn)
11.1.2 SAM Retail Security Tags Market Revenue and Forecasts and Analysis – By Country
11.1.2.1 SAM Retail Security Tags Market Revenue and Forecasts and Analysis – By Country
11.1.2.2 Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 Brazil Retail Security Tags Market Breakdown, by Technology
11.1.2.2.2 Brazil Retail Security Tags Market Breakdown, by Materials
11.1.2.2.3 Brazil Retail Security Tags Market Breakdown, by Print Type
11.1.2.2.4 Brazil Retail Security Tags Market Breakdown, by Application
11.1.2.3 Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Argentina Retail Security Tags Market Breakdown, by Technology
11.1.2.3.2 Argentina Retail Security Tags Market Breakdown, by Materials
11.1.2.3.3 Argentina Retail Security Tags Market Breakdown, by Print Type
11.1.2.3.4 Argentina Retail Security Tags Market Breakdown, by Application
11.1.2.4 Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.4.1 Rest of SAM Retail Security Tags Market Breakdown, by Technology
11.1.2.4.2 Rest of SAM Retail Security Tags Market Breakdown, by Materials
11.1.2.4.3 Rest of SAM Retail Security Tags Market Breakdown, by Print Type
11.1.2.4.4 Rest of SAM Retail Security Tags Market Breakdown, by Application
12. Competitive Landscape
12.1 South & Central America Heat Map Analysis by Key Players
13. South & Central 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 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
15. Appendix
15.1 Word Index
LIST OF TABLES
Table 1. South & Central America Retail Security Tags Market Segmentation
Table 2. South & Central America Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 4. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 5. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 6. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 7. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 8. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 9. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 10. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 11. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 13. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Materials
Table 14. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Print Type
Table 15. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. South & Central America Heat Map Analysis by Key Players
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Retail Security Tags Market Segmentation, By Country
Figure 2. South & Central America PEST Analysis
Figure 3. Ecosystem: South & Central America Retail Security Tags Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Retail Security Tags Market Revenue (US$ Million), 2022 – 2030
Figure 6. South & Central 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. South & Central 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. South & Central 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. South & Central 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. SAM 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. Brazil Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Argentina Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Rest of SAM Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – South & Central America Retail Security Tags Market
1. Avery Dennison Corp
2. 3M Co – Global
3. Alien Technology LLC
4. Brady Corp
5. Sensormatic electronics Corp
6. Check Point Systems Inc
7. HP Inc
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