Track and Trace Solutions

Track and Trace Solutions Market Predicted to Garner a Revenue of US$ 8.1 Billion By 2027

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According to the new report “Track and Trace Solutions Market (By Product: Software solutions and Hardware Systems; By Application: Aggregation, Serialization; By Technology: RFID and Barcodes; By End Use: Medical device Companies, Pharmaceutical Companies, Food and Beverage, Healthcare, Consumer Packaged Goods, Luxury Goods and Others) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027″, the track and trace solutions market size is projected to hit around US$ 8.1 billion by 2027, registering a CAGR of 17.98% from 2020 to 2027. The report provides the overall revenue of the global track and trace solutions market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

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.

The severe standards and regulations for the employment of serialization are expected to spur the growth of the global market. Pharmaceuticals, medical device and food & beverage industry are the significant businesses that need execution of these mandates. Numerous end-to-end solutions including ingredients traceability, food & beverage traceability, blockchain enabler, serialization processing, environmental monitoring, finished goods traceability, compliance management are predicted to achieve traction in the market during forecast period.

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Report 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.

Report Scope of the Track and Trace Solutions Market

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
Segments Covered Product, Technology, Application, End User, Region
Companies Mentioned Adents International, Mettler-Toledo International, Inc, Axway, TraceLink, Inc, Optel Vision, Siemens AG, SeidenaderMaschinenbau GmbH

Regional Snapshots

In terms of revenue, 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. The European Union purposes to increasingly execute track and trace solutions in the healthcare supply chain to deal with drug forging and theft. As per the Falsified Medicines Directive, companies failing to obey with drug serialization regulations would not be permitted to market their products in Europe.

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. Asia Pacific is estimated to show the high CAGR because of collective pressure to curtail the frequency of forged drugs in emerging Asian nations such as China and India.

Key Players & Strategies

There are manifold small and large companies proposing a host of solutions for tracking and tracing uses, following extreme competition amongst vendors. Foremost companies catering to the demand for track and trace solutions in the marketplace are Optel Vision, TraceLink, Inc., Adents International, Axway, Siemens AG, Mettler-Toledo International, Inc., Antares Vision srl, ACG Worldwide, Seidenader Maschinenbau GmbH, and Systech, Inc. among others.

Related Reports

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Recent developments by some of the market participants:

In 2018, Antares Vision introduced its product, ATSFOUR, an enterprise-level serialization software solution. The new ATSFOUR incorporates the Antares Tracking System architecture and bids a wide-ranging solution which permits the broadest connection competence for any traceability network.

In 2018, RopackPharma Solutions partnered with TraceLink (US) to attain DSCSA compliance for its pharmaceutical customers

In 2017, Antares Vision prolonged its partnership with Xyntek, where Xyntek will endure to sell and service solutions of the Antares Tracking System platform across the U.S.

Segments Covered in the Report

This research report includes complete assessment of the market with the help of extensive qualitative and quantitative insights, and projections regarding the track and trace solutions market. This report offers breakdown of market into prospective and niche sectors. Further, this research study calculates market revenue and its growth trend at global, regional, and country from 2016 to 2027. This report includes market segmentation and its revenue estimation by classifying it on the basis of various parameters including product type, application, technology, end user, and region as follows:

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

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 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. Email: sales@flairinsight.com

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