Market Overview:
The global invisible taggants market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for security and safety measures across various industries, coupled with the rising concerns over product counterfeiting and theft. In addition, technological advancements in detection methods are also propelling the growth of this market. Based on type, the global invisible taggants market is segmented into chemical detection and physical detection. Chemical detection dominates the overall market owing to its ability to detect minute traces of chemicals in products.
Product Definition:
Invisible Taggants are substances that are added to products for the purpose of identification and tracing. They can be used to track a product from its point of origin to its final destination. Invisible Taggants can help law enforcement officials investigate product tampering, counterfeiting, and other criminal activity.
Chemical Detection:
Chemical detection is a technology that has gained popularity in the past few years and is expected to witness significant growth over the forecast period. Chemical detection, also known as taggant or biosensors, are used for detecting specific chemicals. These detectors can be either portable or fixed devices; they work on different principles and have applications in various industries such as security & law enforcement, food & beverages, healthcare among others.
Physical Detection:
Physical detection is the most basic form of taggant technology. It's a manual process and usually involves looking for a unique pattern or sound. There are different types of physical detectors such as audio, visual, infrared (IR), electromagnetic (EM) and other technologies that help in detecting tags. An IR detector is used to detect tags by heat they produce when an object comes near it; while an EM detector can be used to detect objects based on electric field strength.
Application Insights:
The market is segmented by application into cosmetics, alcoholic drink, banking, financial services and insurance (BFSI), pharmaceuticals, luxury accessories and other industries. The BFSI sector dominated the overall industry in terms of revenue in 2017. This can be attributed to the rising demand for taggants used on currency notes as well as cheque books that help prevent counterfeiting activities across various economies worldwide.
The use of invisible taggants on cosmetic products helps prevent product duplication which aids in reducing wastage during production and distribution stages of a product lifecycle. In addition to this, these labels are also used for marking samples or test-takers at testing centers during examinations conducted by regulatory authorities such as ULCA (Uganda Lawyer's College Academy) or ALCA (All Saints' Anglican School).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with the U.S. being the major contributor to regional growth. The Invisible Taggant Market in North America is driven by factors such as high demand for luxury accessories and fashion products, growing cosmetics industry, and increasing adoption of alcohol tagging technology across various industries in Canada and U.
Asia Pacific is estimated to be fastest-growing region over the forecast period owing to rising product demand from key end-use industries including automotive & transportation, aerospace & defense, chemical manufacturing etc., especially from countries such as China and India which are among top 10 exporters of tagged goods globally (in terms of volume).
Growth Factors:
- Increasing demand for security and safety from consumers and businesses
- Government initiatives for use of invisible taggants in various applications
- Rising concerns over product counterfeiting and piracy
- Proliferation of digital content and the need to protect it
- Growing popularity of track-and-trace solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Invisible Taggants Market Research Report
By Type
Chemical Detection, Physical Detection
By Application
Cosmetics, Alcoholic Drink, BFSI, Pharmaceutical, Luxury Accessory, Chemical, Automotive, Aerospace & Defence, Others
By Companies
Microtrace, Authentix, Brady, Eluceda, Essentra, Honeywell, Merck, NanoMatriX International, OLNICA, Spectra Systems, Topflight, VeriTrace, VIAVI Solutions
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Invisible Taggants Market Report Segments:
The global Invisible Taggants market is segmented on the basis of:
Types
Chemical Detection, Physical Detection
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
Cosmetics, Alcoholic Drink, BFSI, Pharmaceutical, Luxury Accessory, Chemical, Automotive, Aerospace & Defence, Others
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:
- Microtrace
- Authentix
- Brady
- Eluceda
- Essentra
- Honeywell
- Merck
- NanoMatriX International
- OLNICA
- Spectra Systems
- Topflight
- VeriTrace
- VIAVI Solutions
Highlights of The Invisible Taggants 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:
- Chemical Detection
- Physical Detection
- By Application:
- Cosmetics
- Alcoholic Drink
- BFSI
- Pharmaceutical
- Luxury Accessory
- Chemical
- Automotive
- Aerospace & Defence
- Others
- 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 Invisible Taggants 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
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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?
Invisible Taggants are a type of tag that is made up of small, round tags that are attached to clothing with a special adhesive. The tags can be seen only when the clothing is illuminated from behind.
Some of the major companies in the invisible taggants market are Microtrace, Authentix, Brady, Eluceda, Essentra, Honeywell, Merck, NanoMatriX International, OLNICA, Spectra Systems, Topflight, VeriTrace, VIAVI Solutions.
The invisible taggants market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Invisible Taggants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Invisible Taggants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Invisible Taggants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Invisible Taggants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Invisible Taggants Market Size & Forecast, 2020-2028
4.5.1 Invisible Taggants Market Size and Y-o-Y Growth
4.5.2 Invisible Taggants Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chemical Detection
5.2.2 Physical Detection
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cosmetics
6.2.2 Alcoholic Drink
6.2.3 BFSI
6.2.4 Pharmaceutical
6.2.5 Luxury Accessory
6.2.6 Chemical
6.2.7 Automotive
6.2.8 Aerospace & Defence
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Invisible Taggants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Invisible Taggants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chemical Detection
9.6.2 Physical Detection
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cosmetics
9.10.2 Alcoholic Drink
9.10.3 BFSI
9.10.4 Pharmaceutical
9.10.5 Luxury Accessory
9.10.6 Chemical
9.10.7 Automotive
9.10.8 Aerospace & Defence
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chemical Detection
10.6.2 Physical Detection
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cosmetics
10.10.2 Alcoholic Drink
10.10.3 BFSI
10.10.4 Pharmaceutical
10.10.5 Luxury Accessory
10.10.6 Chemical
10.10.7 Automotive
10.10.8 Aerospace & Defence
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chemical Detection
11.6.2 Physical Detection
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cosmetics
11.10.2 Alcoholic Drink
11.10.3 BFSI
11.10.4 Pharmaceutical
11.10.5 Luxury Accessory
11.10.6 Chemical
11.10.7 Automotive
11.10.8 Aerospace & Defence
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chemical Detection
12.6.2 Physical Detection
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cosmetics
12.10.2 Alcoholic Drink
12.10.3 BFSI
12.10.4 Pharmaceutical
12.10.5 Luxury Accessory
12.10.6 Chemical
12.10.7 Automotive
12.10.8 Aerospace & Defence
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chemical Detection
13.6.2 Physical Detection
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cosmetics
13.10.2 Alcoholic Drink
13.10.3 BFSI
13.10.4 Pharmaceutical
13.10.5 Luxury Accessory
13.10.6 Chemical
13.10.7 Automotive
13.10.8 Aerospace & Defence
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Invisible Taggants Market: Competitive Dashboard
14.2 Global Invisible Taggants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microtrace
14.3.2 Authentix
14.3.3 Brady
14.3.4 Eluceda
14.3.5 Essentra
14.3.6 Honeywell
14.3.7 Merck
14.3.8 NanoMatriX International
14.3.9 OLNICA
14.3.10 Spectra Systems
14.3.11 Topflight
14.3.12 VeriTrace
14.3.13 VIAVI Solutions
