The Asia Pacific Track and Trace Solutions Market would witness market growth of 11.9% CAGR during the forecast period (2022-2028).
Track and trace solution for pharmaceuticals does precisely what its name implies. It follows a drug, a vaccine, a medical device, or anything in any configuration as it moves forward across the supply chain and follows back to reveal where it has been throughout the supply chain, all the way to the components or elements that were used to manufacture it. Tracking allows businesses to monitor the whereabouts of every item in their supply chain.
It optimizes operating efficiency and speed, protects against theft and diversion, ensures the safety and environmental stability of the products, and prevents counterfeit, contaminated, or expired drugs from entering the supply chain. Traceability also allows users to track the path of any item in the supply chain. Its numerous benefits include speedy and effective product returns, current recall management capabilities, brand protection, and consumer confidence development.
The availability of cutting-edge technologies for T&T operations is one of the most important factors driving market expansion. As an example, barcode technology is commonly employed as a T&T solution due to its numerous advantages, such as increased stock visibility, reduced cost disparities, and enhanced safety and compliance. Furthermore, radio-frequency identification is gaining favor as a T&T solution since it uses transmitter-receiver devices for contact-free identification and uses radio waves to locate objects and living things.
It is anticipated that the value of the Indian logistics market will increase considerably in the coming years owing to the widespread urbanization across the region. The Commerce and Industry Ministry's National Logistics Policy will increase India's trade competitiveness, generate more jobs, improve India's performance in global rankings, and pave the path for India to become a logistics powerhouse. The expansion of the transportation and logistics industry in the region would offer various lucrative prospects to market players operating in the track and trace solutions industry. This factor would boost the growth of the regional track and trace solutions market.
The China market dominated the Asia Pacific Track and Trace Solutions Market by Country in 2021; thereby, achieving a market value of $715.3 million by 2028. The Japan market is registering a CAGR of 11.3% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 12.6% during (2022 - 2028).
Based on Product, the market is segmented into Software Solutions, Hardware Components and Standalone Platforms. Based on End User, the market is segmented into Pharmaceutical & Biopharmaceutical Companies, Medical Device Industry, Food Industry, Cosmetic Industry and Others. Based on Application, the market is segmented into Serialization Solutions, Aggregation Solutions and Tracking, Tracing & Reporting Solutions. Based on Technology, the market is segmented into 2D Barcodes, Linear Barcodes and Radiofrequency Identification (RFID). Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Track and Trace Solutions Market is Projected to reach USD 9.1 Billion by 2028, at a CAGR of 11.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Syntegon Technology GmbH, Siemens AG, Videojet Technologies, Inc. (Danaher Corporation), Zebra Technologies Corporation, Mettler-Toledo International, Inc., Systech International, Inc. (Dover Corporation), Optel Group and TraceLink, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Software Solutions
- Hardware Components
- Standalone Platforms
By End User
- Pharmaceutical & Biopharmaceutical Companies
- Medical Device Industry
- Food Industry
- Cosmetic Industry
- Others
By Application
- Serialization Solutions
- Aggregation Solutions
- Tracking, Tracing & Reporting Solutions
By Technology
- 2D Barcodes
- Linear Barcodes
- Radiofrequency Identification (RFID)
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- SAP SE
- Syntegon Technology GmbH
- Siemens AG
- Videojet Technologies, Inc. (Danaher Corporation)
- Zebra Technologies Corporation
- Mettler-Toledo International, Inc.
- Systech International, Inc. (Dover Corporation)
- Optel Group
- TraceLink, Inc.
TABLE 1 Asia Pacific Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Software Solutions Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Software Solutions Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Hardware Components Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Hardware Components Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Standalone Platforms Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Standalone Platforms Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Pharmaceutical & Biopharmaceutical Companies Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Pharmaceutical & Biopharmaceutical Companies Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Medical Device Industry Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Medical Device Industry Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Food Industry Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Food Industry Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Cosmetic Industry Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Cosmetic Industry Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Serialization Solutions Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Serialization Solutions Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Aggregation Solutions Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Aggregation Solutions Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Tracking, Tracing & Reporting Solutions Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Tracking, Tracing & Reporting Solutions Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 33 Asia Pacific 2D Barcodes Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific 2D Barcodes Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Linear Barcodes Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Linear Barcodes Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Radiofrequency Identification (RFID) Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Radiofrequency Identification (RFID) Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Track and Trace Solutions Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Track and Trace Solutions Market by Country, 2022 - 2028, USD Million
TABLE 41 China Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 42 China Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 43 China Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 44 China Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 45 China Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 46 China Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 47 China Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 48 China Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 49 China Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 50 China Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 51 Japan Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 52 Japan Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 53 Japan Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 54 Japan Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 55 Japan Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 56 Japan Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 57 Japan Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 58 Japan Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 59 Japan Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 60 Japan Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 61 India Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 62 India Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 63 India Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 64 India Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 65 India Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 66 India Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 67 India Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 68 India Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 69 India Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 70 India Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 71 South Korea Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 72 South Korea Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 73 South Korea Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 74 South Korea Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 75 South Korea Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 76 South Korea Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 77 South Korea Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 78 South Korea Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 79 South Korea Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 80 South Korea Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 81 Singapore Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 82 Singapore Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 83 Singapore Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 84 Singapore Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 85 Singapore Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 86 Singapore Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 87 Singapore Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 88 Singapore Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 89 Singapore Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 90 Singapore Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 91 Malaysia Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 92 Malaysia Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 93 Malaysia Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 94 Malaysia Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 95 Malaysia Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 96 Malaysia Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 97 Malaysia Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 98 Malaysia Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 99 Malaysia Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 100 Malaysia Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 105 Rest of Asia Pacific Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 106 Rest of Asia Pacific Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 107 Rest of Asia Pacific Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 108 Rest of Asia Pacific Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 109 Rest of Asia Pacific Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 110 Rest of Asia Pacific Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 111 Key information – IBM Corporation
TABLE 112 Key Information – SAP SE
TABLE 113 Key Information – Siemens AG
TABLE 114 Key Information – Videojet Technologies, Inc.
TABLE 115 Key information – Zebra Technologies Corporation
TABLE 117 Key Information – Sys-Tech Solutions, Inc.
TABLE 118 Key Information – Syntegon Technology GmbH
TABLE 119 Key Information – Optel Group
TABLE 120 Key Information – TraceLink, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: IBM Corporation
FIG 3 SWOT Analysis: SAP SE
FIG 4 Swot analysis: Siemens AG
