APAC Track and Trace Solution Market is expected to grow from USD 1.6 billion in 2023 to USD 5.7 billion by 2030 at a CAGR of 16.9% during the forecast period ranging from 2025 to 2030.

Published Date: Aug, 2024

The APAC Track and Trace Solution Market is expected to grow from USD 1.6 billion in 2023 to USD 5.7 billion by 2030 at a CAGR of 16.9% during the forecast period ranging from 2025 to 2030.

The primary factors that are driving the market forward include due to the high demand for regulatory compliance. It is also attributed to the developments in in technology and incorporating them in the existing systems for higher efficiency. In addition, the growth of pharmaceuticals and food & beverage industries and their increased demand for these solutions in the APAC region. The primary growth factor of the APAC track and trace solutions market is the efficiency in improving inventory control and management and other benefits such as assured security against counterfeiting and theft. Strict and increasing governmental regulations and standards and regulatory compliance requirements for product safety and authenticity is driving the demand for track and trace solutions, resulting in higher adoption to prevent the risk of counterfeit products and pushing the market forward. In addition, technological developments and implementation of sophisticated technologies such as blockchain and IoT is improving the capabilities of track and trace systems to offer more accurate and efficient tracking, thereby boosting the demand and the market. However, the growing concerns over data security and privacy is a significant hindrance to widespread adoption of these systems and the growth of the APAC track and trace solutions market. The lack of uniform standards across the APAC region and complex supply chains causes serious challenges in integrating these systems into the existing systems.

Browse 75 market data Tables and 46 Figures spread through 96 Pages and in-depth TOC on APAC Track and Trace Solutions Market By Components (Hardware, Software and Standalone), By Enterprise Size (SMEs and Large Enterprises), By Application (Serialization, Printing, Labeling and Packaging Inspection, Aggregation, Tracking, Tracing and Reporting), End User (Pharmaceutical and Biopharmaceutical companies, Consumer Packaged Goods, Luxury Goods, Food and Beverage, Medical Device Companies, Contract Manufacturing Organizations, Repackages, Cosmetics Companies and Other) and By Geography (France, Italy, The UK, Germany, Belgium, Russia, Poland and Rest of Europe) - Global Forecast from 2025 to 2030.

APAC Track and Trace Solutions Market Segmentation and Key Players

Segment / Key Players

Categorization

Components

Hardware, Software and Standalone

Enterprise Size

SMEs and Large Enterprises

Application

Serialization, Printing, Labeling and Packaging Inspection, Aggregation, Tracking, Tracing and Reporting

End User

Pharmaceutical and Biopharmaceutical companies, Consumer Packaged Goods, Luxury Goods, Food and Beverage, Medical Device Companies, Contract Manufacturing Organizations, Repackages, Cosmetics Companies and Other

Key Players

WIPOTEC GmbH, Trace Technologies, Bar Code India Ltd, SAP SE, Uhlmann Pac-Systeme GmbH & Co KG, Korber AG, Videojet Technologies Inc, rfxcel Corp, NeuroTags Inc, Domino Printing Sciences plc, Kezzler AS, and Jekson Vison Pvt Ltd.

By component, the software dominate the north america track and trace solutions market

Software segment will grow more during the study period due to widespread adoption and higher usage.

"China is projected to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the north america track and trace solutions market.”

China is expected to dominate the Asia Pacific track and trace solutions market share during the forecast and grow at a significant rate due to the favorable government policies to track and trace solution for pharmaceuticals, food and beverages, and consumer goods. Additionally, the higher and better product launch strategies by the market players contribute to the growth of the market in this region. 

The major players of the APAC track and trace solutions market are WIPOTEC GmbH, Trace Technologies, Bar Code India Ltd, SAP SE, Uhlmann Pac-Systeme GmbH & Co KG, Korber AG, Videojet Technologies Inc, rfxcel Corp, NeuroTags Inc, Domino Printing Sciences plc, Kezzler AS, and Jekson Vison Pvt Ltd.

Recent developments by Key Players

Domino Printing Sciences has introduced a new thermal inkjet (TIJ) into TTO technology with the Domino Gx-Series range, made for flexible packaging lines, including those used in food applications.

APAC Track and Trace Solutions Market coverage (By Value)

  • Component Insight and Forecast 2025 - 2030
    • Hardware
    • Software
    • Standalone
  • Enterprise Size Insight and Forecast 2025 - 2030
    • SMEs
    • Large Enterprises Sectionse
  • Application Insight and Forecast 2025 - 2030
    • Serialization
    • Printing
    • Labeling and Packaging Inspection
    • Aggregation
    • Tracking
    • Tracing
    • Reporting
  • End-User Insight and Forecast 2025 - 2030
    • Pharmaceutical and Biopharmaceutical Companies
    • Consumer Packaged Goods
    • Luxury Goods
    • Food and Beverage
    • Medical Device Companies
    • Contract Manufacturing Organizations
    • Repackages
    • Cosmetics Companies
    • Others

Geographical Segmentation

APAC Track and Trace Solutions Market by Region

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific