At 5.7% CAGR, the Europe Retail Security Tags Market is Projected to be Worth US$ 266.87 Million by 2030, Says Business Market Insights

According to Business Market Insights' 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.

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