India Track And Trace Solutions Market Outlook (2021-2027)


 Market Forecast By Products (Hardware (Printing & Marking Solutions, Monitoring & Verification Solutions, Labelling Solutions, Other Solutions (Checkweighers Etc.)), Software (Plant Manager Software, Line Controller Software, Bundle Tracking Software, Others (Enterprise And Network Manager, Warehouse & Shipment Manager))), By Technology (Barcode, RFID), By Applications (Serialization Solution (Bottle Serialization, Label Serialization, Carton Serialization, Data Matrix Serialization), Aggregation Solution (Bundle Aggregation, Case Aggregation, Pallet Aggregation)), By End Users (Pharmaceutical & Biopharmaceutical, Medical Devices, Food & Beverages, Automobiles, Cosmetics, Agro-Chemicals, Others (Tobacco, Electronic Devices, Stationary, Toys, Luxury Items, Etc.)), By Regions (Northern (This Includes Jammu & Kashmir, Haryana, Himachal Pradesh, Punjab, Uttar Pradesh, Uttarakhand, Delhi, Rajasthan, Ladakh), Southern (This Includes Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil-Nadu, Puducherry), Eastern (This Includes Jharkhand, Bihar, Odisha, West Bengal, Arunachal-Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura), Western (This Includes Gujarat, Madhya Pradesh, Maharashtra, Chhattisgarh, Goa) And Competitive Landscape

According to 6Wresearch, India Track And Trace Solutions Market size is projected to grow at CAGR of 10.5% during 2021-2027. The rising concerns of the manufacturers for packaging-related product recalls, growing focus of manufacturers on brand protection, high growth in the generic and OTC markets, and growth in the medical device industry are expected to drive the track & trace solutions market in the coming years. Additionally, government regulations like the replacement of DAVA portal with iVEDA portal for enhancing the serialization uploading procedures and mandating all medical devices sold in India to include a unique device identification (UDI) from Jan 2022, would provide opportunities for deployment of track and trace solutions in the country in the years to come.

India track and trace solutions market grew considerably in 2017-2020 due to strict regulations & standards such as conforming to GS1 standards set by the government of India for the implementation of serialization. Furthermore, compared to 2018, counterfeiting incidents surged by 24% in 2019. Moreover, following the coronavirus outbreak in February-April 2020, over 150 cases of counterfeiting were documented, mostly involving counterfeit PPE kits, sanitizers, and masks.

For Latest Press Release : https://www.6wresearch.com/press-release/india-track-and-trace-solutions-market-size-is-projected-to-grow-at-a-cagr-of-105-during-2021-2027

Market by Regions Analysis

In India track and trace solutions market, southern region and northern region cumulatively have captured 68% of the market revenues in 2020, with southern region leading the market.

Key Highlights of the Report

  • India Track and Trace Solutions Market Overview
  • India Track and Trace Solutions Market Outlook
  • India Track and Trace Solutions Market Trends
  • Porter’s Five Force Analysis
  • India Track and Trace Solutions Market Forecast
  • Market Opportunity Assessment
  • India Track and Trace Solutions Market Share, By Companies
  • COVID-19 Impact Analysis
  • Market Drivers and Restraints
  • Industry Life Cycle
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By Products, for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By Regions, for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By End Users, for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By Technology, for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By Applications, for the Period 2017-2027F

About Us-

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

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