Market Overview:
The global bag tags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luggage tags and decoration bag tags. In addition, the growing trend of customization is also fueling the demand for bag tags. The global bag tag market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into rubber, metal, leather, plastic, and other types. The plastic segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its properties such as durability and resistance against weather conditions.
Product Definition:
Bag Tags are identification tags for bags. They have a unique number that is assigned to each bag and are used to identify the owner of the bag. Bag Tags can also be used to track the location of a bag, as well as its history.
Rubber:
Rubber is a durable, elastic, and soft material which is produced from the sap of rubber plants. It can be processed from two basic types: natural or synthetic. Natural rubber (NR) has been extracted from the latex of tropical plants including Hevea and Butyl Rubber; while synthetic type has been derived from petrochemical sources including ethylene and propylene. The major application areas include tire manufacturing, cable insulation, footwear & clothing materials among others.
Metal:
Metal is a naturally occurring substance, which is found in abundance in the earth's crust. The most common forms of metal are silver, gold, copper and aluminum. Other metals such as iron ore, zinc and tin can be found in limited quantities. Metals have high electrical conductivity and thermal resistance which makes them suitable for making various products including bag tags.
Application Insights:
The luggage application segment dominated the global bag tags market in 2017. This can be attributed to increasing demand for hand baggage on account of growing travel activities, especially among business travelers. Furthermore, airlines are also providing more boarding passes and check-in bags to passengers which may result in increased use of bag tags during travel period.
The decoration segment is expected to witness significant growth over the forecast period owing to rising popularity of personalized ornaments among consumers as a gift for friends and family members on occasions such as weddings and anniversaries. Moreover, companies are also introducing new designs that include textured patterns which may increase their popularity among young adults above 18 years age group who spend most of their time online shopping for presents through various e-commerce portals worldwide.
Regional Analysis:
North America dominated the global bag tags market in 2017. The growth can be attributed to increasing demand for personalized luggage tags from U.S.-based consumers, along with rising adoption of pet travel accessories in the region. In addition, growing trend of luxury travel and high spending capacity of the middle-class population are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing number of international travelers at both domestic and international airports across key markets including China, India, Thailand.
Growth Factors:
- Increasing demand for bag tags from the retail sector as a result of the increase in consumer spending.
- The increasing popularity of promotional events and marketing campaigns that use bag tags as giveaways or prizes.
- The growing trend of customizing products, including bag tags, to create a unique look or brand identity for businesses and consumers alike.
- The increasing demand for luggage tags due to the rising number of air passengers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bag Tags Market Research Report
By Type
Rubber, Metal, Leather, Plastic, Other
By Application
Luggage, Decoration
By Companies
Dongguan Pin Mei Metal Gifts Company Limited, Shenzhen Haoran Plastic Products Co., Limited, Guangzhou Hongbang Leather Co., Ltd., ThomasNet, Balajee creations, Basic Visual ID Technologies, ID Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Bag Tags Market Report Segments:
The global Bag Tags market is segmented on the basis of:
Types
Rubber, Metal, Leather, Plastic, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Luggage, Decoration
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dongguan Pin Mei Metal Gifts Company Limited
- Shenzhen Haoran Plastic Products Co., Limited
- Guangzhou Hongbang Leather Co., Ltd.
- ThomasNet
- Balajee creations
- Basic Visual ID Technologies
- ID Tech
Highlights of The Bag Tags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rubber
- Metal
- Leather
- Plastic
- Other
- By Application:
- Luggage
- Decoration
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bag Tags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bag tags are small, rectangular pieces of plastic with a unique identifier that is affixed to each bag. They are used by retailers and other businesses to track the whereabouts of their products.
Some of the major players in the bag tags market are Dongguan Pin Mei Metal Gifts Company Limited, Shenzhen Haoran Plastic Products Co., Limited, Guangzhou Hongbang Leather Co., Ltd., ThomasNet, Balajee creations, Basic Visual ID Technologies, ID Tech.
The bag tags market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bag Tags Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bag Tags Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bag Tags Market - Supply Chain
4.5. Global Bag Tags Market Forecast
4.5.1. Bag Tags Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bag Tags Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bag Tags Market Absolute $ Opportunity
5. Global Bag Tags Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bag Tags Market Size and Volume Forecast by Type
5.3.1. Rubber
5.3.2. Metal
5.3.3. Leather
5.3.4. Plastic
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bag Tags Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bag Tags Market Size and Volume Forecast by Application
6.3.1. Luggage
6.3.2. Decoration
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bag Tags Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bag Tags Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bag Tags Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bag Tags Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bag Tags Demand Share Forecast, 2019-2026
9. North America Bag Tags Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bag Tags Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bag Tags Market Size and Volume Forecast by Application
9.4.1. Luggage
9.4.2. Decoration
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bag Tags Market Size and Volume Forecast by Type
9.7.1. Rubber
9.7.2. Metal
9.7.3. Leather
9.7.4. Plastic
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bag Tags Demand Share Forecast, 2019-2026
10. Latin America Bag Tags Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bag Tags Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bag Tags Market Size and Volume Forecast by Application
10.4.1. Luggage
10.4.2. Decoration
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bag Tags Market Size and Volume Forecast by Type
10.7.1. Rubber
10.7.2. Metal
10.7.3. Leather
10.7.4. Plastic
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bag Tags Demand Share Forecast, 2019-2026
11. Europe Bag Tags Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bag Tags Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bag Tags Market Size and Volume Forecast by Application
11.4.1. Luggage
11.4.2. Decoration
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bag Tags Market Size and Volume Forecast by Type
11.7.1. Rubber
11.7.2. Metal
11.7.3. Leather
11.7.4. Plastic
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bag Tags Demand Share, 2019-2026
12. Asia Pacific Bag Tags Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bag Tags Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bag Tags Market Size and Volume Forecast by Application
12.4.1. Luggage
12.4.2. Decoration
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bag Tags Market Size and Volume Forecast by Type
12.7.1. Rubber
12.7.2. Metal
12.7.3. Leather
12.7.4. Plastic
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bag Tags Demand Share, 2019-2026
13. Middle East & Africa Bag Tags Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bag Tags Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bag Tags Market Size and Volume Forecast by Application
13.4.1. Luggage
13.4.2. Decoration
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bag Tags Market Size and Volume Forecast by Type
13.7.1. Rubber
13.7.2. Metal
13.7.3. Leather
13.7.4. Plastic
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bag Tags Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bag Tags Market: Market Share Analysis
14.2. Bag Tags Distributors and Customers
14.3. Bag Tags Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dongguan Pin Mei Metal Gifts Company Limited
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shenzhen Haoran Plastic Products Co., Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Guangzhou Hongbang Leather Co., Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ThomasNet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Balajee creations
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Basic Visual ID Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ID Tech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
