RFID Pallet Wrappers Market Analysis, Trends, Forecast, 2017-2027

RFID Pallet Wrappers Market Analysis, Trends, Forecast,
2017-2027
May 2017
Report Id : REP-GB-3782
Status : Ongoing
Category : Industrial Automation and Equipment
©2015 Future Market Insights, All Rights Reserved
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RFID Pallet Wrappers Market
RFID pallet wrappers are the machine that wraps a stretched film of plastic around a loaded pallet to
provide primary function of extra support to products being transported, and with the new technological
advancement of RFID labels embedded in the machine, the shipment can be tracked from several feet
away. RFID pallet wrappers are the buzz in the packaging industry as it helps to improve the supply chain
and thus improve quality. The mounted RFID refers to radio frequency identification refers to an
electronic device which consists of chip and antenna. The inevitable process of manufacturing and
distribution that involves the package to travel in a conveyor and since tracking product movement is the
key aspect for RFID. Thus it’s an important function that the antenna should be able to track tagged
packages. The RFID pallet wrappers help to provide distinctive ID to each product wrapped and with
individual information such as date shipped, manufacturing location, lot number, etc. After the wrapping
process, the labels is printed with the help of thermal-transfer printer that is human readable information
and then is encoded with RFID. The application of RFID pallet wrappers has penetrated in improving the
supply chain in retail, transportation, and automation.
Global RFID Pallet Wrappers Market: Dynamics
Withstanding the soft economy RFID pallet wrappers deployment has gained tremendous traction in last
year. The key driver to RFID pallet wrappers is its ability to track pallet and identify valuable commodities
in the course of global commerce. Moreover, the asset tracking helps to maintain the whereabouts of the
valuable asset that is fueling the growth of the RFID pallet wrappers. RFID pallet wrappers, especially
with ultra-high frequency, is a potential factor for the growth of the market. Owing to its perfect match
for tracking and asset management and getting a return on investment.
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RFID Pallet Wrappers Market
Moreover, the tags can be encrypted to provide minimum information of the package thereby securing
the details. Through RFID pallet wrappers faster delivery of the order and fill the order in a timely
manner, and customer relationship is ensured, the potential factor adds advantage to the growth of RFID
pallet wrappers. The companies driving RFID pallet wrappers market are Wal-Mart Stores Inc., The Home
Décor Inc., ACE Hardware Corp, and Wegmans Food Market Inc. are some of the major companies that
use RFID pallet wrappers for improvement of business process and overall supply chain operation.
Enabling such infrastructure that is fully equipped with RFID pallet wrappers requires relatively higher
investment as compared to traditional method of pallet wrapping which is a challenging factor to the
growth of RFID pallet wrappers market.
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Global RFID Pallet Wrappers Market: Segmentation
Based on RFID: Global RFID Pallet Wrappers Market is segmented into
• Ultra-High Frequency
• High frequency and Near Field Communication
• Low Frequency
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RFID Pallet Wrappers Market
• Dual Frequency (NFC & UFH)
Global RFID Pallet Wrappers Market: Region Wise Outlook
The global RFID pallet wrappers market is divided into seven regions, namely North America, Latin
America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East
and Africa (MEA). North America holds the major share in the RFID pallet wrapper market due to rising
demand for packaging in manufacturing and food & beverage industry. The market in APAC and Latin
America is expected to be the prominent contributor to the growth of RFID pallet wrapper market owing
to the proliferation of manufacturing industries in the region. The regions in Europe is anticipated to
grow at moderate CAGR; this is due to the restrained manufacturing operation in the Western and
Eastern Europe. The strong development in the region of MEA for pharmaceutical, manufacturing, and
food & beverage industry is anticipated to attract demand for RFID pallet wrappers over the forecast
period.
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Global RFID Pallet Wrappers Market Players
Few of the prominent players in the global RFID pallet wrappers market are as follows
• REO-PACK
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RFID Pallet Wrappers Market
• Kalamazoo Packaging Systems
• Pallet Wrapz, Inc.
• AIDA Centre, S.L.
• Lantech, Inc
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• EAgile Inc.
• SATO America, LLC.
The global woodworking machines market is highly fragmented due to the presence of large number of
regional and global players. Regional players choose quality service and competitive pricing as their
winning strategy over global players. In response to this, global players are largely involved in merger &
acquisition and partnership activities in order to enhance their profitability margin and market share.
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