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Market Overview of Global Invisible Taggants market:
According to our latest research, the global Invisible Taggants market looks promising in the next 5 years. As of 2022, the global Invisible Taggants market was estimated at USD 306.31 million, and it's anticipated to reach USD 515.69 million in 2028, with a CAGR of 9.07% during the forecast years.
An invisible taggants is any chemical or physical marker added to materials to allow various forms of testing. They can be utilized to differentiate authentic product from counterfeits, provide identifying information for traceability purposes (e.g., lot number, company name), and to detect dilution of proprietary products. Invisible taggants are known to be widely used in the cosmetics, alcoholic drink & tobacco, BFSI, pharmaceutical and luxury accessory.
Affect the normal operation of industry
The raging COVID-19 has plunged the global economic environment into depression. The influence of COVID-19 on invisible taggants industry will involve all major links and entities in the industrial chain. The management efficiency of the company declined, commuting was hindered, production plans were hindered, and the company's development strategy and marketing methods were forced to adjust. In addition, the company's production is limited to some extent, and the production of related enterprises in the hardest hit areas is greatly affected. The government has also put forward higher requirements for the production and operation of enterprises.
Market growth slows down
The epidemic caused the economic downturn, affected the global financial market, and at the same time caused a serious blow to the global manufacturing market. The epidemic caused huge income loss to the end-user industry. The strict blockade imposed by the government restricted the cross-border trade between countries and affected the downstream market demand of Invisible taggants.
Good product performance
Invisible Taggants are highly covert in nature and can be implemented on scales ranging from nano to micro. This enables deployment in multiple product and industry categories. The fact that invisible taggants technologies leave little to no scope for reverse engineering, replication and tampering makes them a natural choice for industries and brands looking at comprehensive security and protection against counterfeiting. In addition, Invisible Taggants can be used to mark packaging and products themselves, which enables invisible taggants to provide comprehensive protection for enterprise products. Invisible Taggants' good product performance has brought extensive downstream market demand.
Risk of market competition
For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made.
At present, there are many participating enterprises in the invisible taggants industry. In the future market competition, if manufacturers fail to surpass their competitors in terms of services quality, and R&D strength, they will be unable to maintain their existing competitive position in the invisible taggants market and lose their original market share, and there will be a risk that the operating performance of manufacturers will decline.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (37.15% in 2021).
Company Overview:
Merck is one of the major players operating in the Invisible Taggants market, holding a share of 28.93% in 2022.
Merck
The company is divided into three business lines: Healthcare, Life Sciences and Electronics. Merck was founded in 1668 and is the world's oldest operating chemical and pharmaceutical company, as well as one of the largest pharmaceutical companies in the world.
Honeywell
Honeywell International Inc. is a worldwide technology and manufacturing company. The Company provides aerospace products and services, control, sensing and security technologies for commercial buildings, safety and productivity solutions, specialty chemicals, advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions.
Segmentation Overview:
Among different product types, Hand-held Instrument Detection segment is anticipated to contribute the largest market share in 2027.
Application Overview:
The market's largest segment by application is the segment Luxury Accessory, with a market share of 24.46% in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Invisible Taggants market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Invisible Taggants Market Report:
Market Size Estimates: Invisible Taggants market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Invisible Taggants market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Invisible Taggants market
Segment Market Analysis: Invisible Taggants market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Invisible Taggants market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Invisible Taggants Market: Revenue and sales volume of major countries in each region
Invisible Taggants Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Invisible Taggants market in major regions.
Invisible Taggants Industry Value Chain: Invisible Taggants market raw materials & suppliers, manufacturing process, distributors, downstream customers
Invisible Taggants Industry News, Policies & Regulations
Key players in the global Invisible Taggants market are covered in Chapter 12:
Honeywell
U-NICA
VIAVI Solutions
Spectra Systems
Merck
Microtrace
Authentix
Essentra
Eluceda
NanoMatriX International
Olnica
In Chapter 2 and Chapter 15.1, based on types, the Invisible Taggants market from 2018 to 2028 is primarily split into:
Hand-held Instrument Detection
Fixed Instrument Detection
In Chapter 3 and Chapter 15.2, based on applications, the Invisible Taggants market from 2018 to 2028 covers:
Cosmetics
Alcoholic Drink & Tobacco
BFSI
Pharmaceutical
Luxury Accessory
Automotive
Chemical
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Invisible Taggants market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028