FMI predicts that hang tags are continuously decreasing the market of sticking tags, and thus projecting a bright future for the hang tag applicators market. The tags are the necessity of all the end-use products to keep an identification code that defines the product in detail and also displays the price on it.
Hang tags are now getting popular in the market due to its advantage over stick tags that is to provide an ease in removing the tag without damaging the product.
Hanging tags also provide a challenge to apply the tag strong enough that it does not drop off the product and also in removing the tag when required. Hang tag applicators thus plays a crucial role in tagging the products. The market of hang tag applicators can be assumed to last long time until a new way of tagging the produced is introduced.
A report from Future Market Insights suggests that presently, hanging tags is the way of tagging the products adopted worldwide and continuously decreasing the market of sticking tags, and thus projecting a bright future for the hang tag applicators market.
| Data Points | Key Statistics |
|---|---|
| Market Value in 2022 | USD 2.5 Billion |
| Market Value in 2032 | USD 3.8 Billion |
| Growth Rate (2022 to 2032) | 4.28% CAGR |
Robotic hang tag applicators are flexible machines customized to apply neck or hang tags to bottles off-line or in your production line. With the application of custom folded neck/hang tags, you will capture your consumer’s attention.
Benefits of Hang Tag Applicators:
Applications of Hang Tag Applicators:
Beverages
Bottles are a natural fit for hang tags. Not only do they naturally have a neck to hang a tag, but beverages often benefit from having some additional information.
Specialty Foods
Drinks aren’t the only things that can benefit from hang tags. Sauces, seasonings, and any number of specialty food products can use hang tags to promote special information that relates to your product.
Health and Beauty Products
There are a wide variety of health and beauty products, and hang tags can work for many of them. Shampoo sales can be driven by adding a hang tag coupon to their bottles.
Home Goods
Hang tags are a nice, easy way to add more info without making the labels too busy. All it takes is a good designer and a printing company to add a little more to the appeal of your product.
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The tags are the necessity of all the end-use products to keep an identification code that defines the product in detail and also displays the price on it. Hang tags are now getting popular in the market due to its advantage over stick tags that is to provide an ease in removing the tag without damaging the product.
Hanging tags also provide a challenge to apply the tag strong enough that it does not drop off the product and also in removing the tag when required. Hang tag applicators thus plays a crucial role in tagging the products. The market of hang tag applicators can be assumed to last long time until a new way of tagging the produced is introduced.
Presently, hanging tags is the way of tagging the products adopted worldwide and continuously decreasing the market of sticking tags, and thus projecting a bright future for the hang tag applicators market
The hang tag applicators are available in the market with wide variety differentiating on the basis of application and speed. Manual hang tag applicators are suitable for very small or rare requirement of hanging tags while automatic hang tag applicators are capable of tagging around 400 tags per minute or more, suitable for a huge volume of products to be tagged.
This fact has driven the hang tag applicators market. The applicability of hang tags in most of the industries including food and beverage industry where the huge volume of products are produced has driven the hang tag applicators market.
The hang tags are adopted majorly for apparel industry which accounts for around 2% of world’s GDP, which is around three trillion US dollar of industry and further growing fairly high rate globally. Thus, the growth of apparel market and huge market size is one of the prominent drivers of hang tag applicators market.
Hanging tags has an advantage over adhesive tags but still, provides a challenge in the handling of products with hang tags as they are more likely to get stuck with openly ended curves or small poles around the tag. The solution for this challenge might give rise to the introduction of a new way of tagging or describe the product replacing the hang tag tags. This is a probable threat to the hang tag applicators market.
The end use applications of the hang tags define the requirement of hang tags applicators in the region. Apparel and footwear market is largest in Asia Pacific with market size around USD 600 billion, followed by Western Europe and North America with market size around USD 400 billion each.
Also, North America accounts for around half of world’s smart labels market. Thus, North America, Asia Pacific, and Western Europe indicate a potential market for hang tag applicators.
Latin America and Africa are the regions with low apparel and footwear market along with low packaging market size and low GDP, thus packaging firms prefer to invest in labor and time rather than investing on automatic hang tag applicators. Thus, the market for manual hang tag applicators is much brighter in the region as compared to automatic hang tag applicators in terms of volume.
Few of the key players of the hang tag applicators market are Northfield Corporation, Kenco Label & Tag Co., LLC., Graphic Packaging International, Inc., Autotex Italia Srl, Allflex Australia Pty Ltd., etc.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
| Market Size in 2024 | USD 440.2 million |
|---|---|
| Market Value in 2034 | USD 723.9 million |
| Value-based CAGR from 2024 to 2034 | 5.10% |
| Market Value for 2024 | USD 443.3 million |
|---|---|
| Market Value for 2034 | USD 662.5 million |
| Market Forecast CAGR for 2024 to 2034 | 4.10% |
| Market Estimated Size (2023) | USD 2,959.6 million |
|---|---|
| Projected Market Value (2033) | USD 4,489.5 million |
| Value-based CAGR (2023 to 2033) | 4.3% |
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Hang Tag Applicators Market
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