Baltics region and Finland Track and Trace Solutions Market: Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Baltics region and Finland Track and Trace Solutions Market: By Product Type (Hardware Systems(Printing and Marking Solutions, Monitoring and Verification Solutions, Labeling Solutions and Others), Software Solutions(Plant Manager Software, Line Controller Software, Bundle Tracking Software and Others)), Technology (Barcodes, RFID), Application (Serialization Solutions, Bottle Serialization, Label Serialization, Carton Serialization, Data Matrix Serialization, Aggregation Solutions, Bundle Aggregation, Case Aggregation and Pallet Aggregation), End User (Pharmaceutical and Biotechnology Companies, Medical Device Companies and Others)

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Report

Description

Baltics Region And Finland Track And Trace Solutions Market size is valued at USD 287.9 Million in 2021 and is expected to grow at a significant CAGR of 7.6% during the forecast period 2022 to 2028. The report provides a detailed overview and that can be segmented by Product Type, Software Solutions, Technology, Application, and End User. By product type, the market has been segmented into Hardware Systems, Software Solutions. The hardware systems segment is likely to be the largest and fastest-growing segment in terms of product type. Based on technology the market is segmented into Barcodes, RFID.  Among these, Barcodes segment is expected to have the fastest-growing market during the forecast period 2022-2028.  Based on application, the Baltics Region and Finland track and trace solutions market is segmented into Serialization Solutions such as Bottle Serialization, Label Serialization, Carton Serialization, Data Matrix Serialization, Aggregation Solutions, Bundle Aggregation, Case Aggregation and Pallet Aggregation. The bottle serialization solutions segment accounts for the largest share in 2021. label serialization is the second-largest share during the forecast period 2021-2028. Based on the end-user the market has been segregated into Pharmaceutical and Biotechnology Companies, Medical Device Companies, and Others. The Pharmaceutical segment is expected to dominate other segments in the Baltics region and Finland track and trace solutions market. The Pharmaceutical segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.

Key Development:

In January 2022, Optel Group acquired the track and trace unit of Korber Business Area Pharma, also known as Taxeed. The company is based in Germany and has helped Optel to leverage Taxeed’s expertise in agrochemical and pharmaceutical track and trace technologies.

Baltics region and Finland Track and Trace Solutions Market

MARKET SUMMARY
-
7.6% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 7.6%

Baltics region and

Finland Track and Trace Solutions Market

  • The baltics region and finland track and trace solutions market report gives comprehensive outlook across the region with special emphasis.
  • The baltics region and finland track and trace solutions market report gives historical, current, and future market sizes (US$ Mn) based on by product type, software solution, application, end user and geography.
Key Players
  • Siemens AG
  • Systech, Inc.
  • Arvato Systems
  • SAP SE
  • IBM Corporation
Baltics region and Finland Track and Trace Solutions Market Drivers

Market growth is majorly accredited to the growing rate of counterfeiting and theft of healthcare products worldwide. Biopharmaceutical, pharmaceutical, cosmetic products, and medical device manufacturers are adopting track and trace solutions and protecting their products and brand equity.


Baltics region and Finland Track and Trace Solutions Market

By region, the North America market is expected to witness the highest market share during the forecast period due to the presence of highly regulated serialization and aggregation standards and advanced healthcare infrastructure. Automatic identification technologies including barcoding and RFID are recommended to pharmaceuticals and other healthcare companies by the FDA.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • The baltics region and finland track and trace solutions market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Baltics region and Finland Track and Trace Solutions Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The baltics region and finland track and trace solutions market is projected to expand at a CAGR of 7.6% during the forecast period.

The major players in the Baltic region and Finland track and trace solutions market are Mettler-Toledo International, Inc., Siemens AG, Systech, Inc., Arvato Systems, SAP SE, and IBM Corporation.


Report

Table Of Content

1. Executive Summary
2. Baltics region and Finland Track & Trace Solutions Market Introduction
2.1. Baltics region and Finland Track & Trace Solutions Market – Taxonomy
2.2. Baltics region and Finland Track & Trace Solutions Market –Definitions
2.2.1. By Product Type
2.2.2. By Technology
2.2.3. By Application
2.2.4. By End User
2.2.5. By Region
3. Baltics region and Finland Track & Trace Solutions Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Baltics region and Finland Track & Trace Solutions Market Dynamic Factors – Impact Analysis
3.6. Baltics region and Finland Track & Trace Solutions Market – Competition Landscape
4. Baltics region and Finland Track & Trace Solutions Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Baltics region and Finland Track & Trace Solutions Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Hardware Systems
5.1.1. Printing and Marking Solutions
5.1.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Monitoring and Verification Solutions
5.1.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Labeling Solutions
5.1.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. Others
5.1.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.2. Software Solutions
5.2.1. Plant Manager Software
5.2.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. Line Controller Software
5.2.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
5.2.3. Bundle Tracking Software
5.2.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3.3. Market Opportunity Analysis
5.2.4. Others
5.2.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.4.3. Market Opportunity Analysis
6. Baltics region and Finland Track & Trace Solutions Market, By Technology, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Barcodes
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. RFID
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Baltics region and Finland Track & Trace Solutions Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Serialization Solutions
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Bottle Serialization
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Label Serialization
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Carton Serialization
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Data Matrix Serialization
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Aggregation Solutions
7.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Bundle Aggregation
7.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
7.8. Case Aggregation
7.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.8.3. Market Opportunity Analysis
7.9. Pallet Aggregation
7.9.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.9.3. Market Opportunity Analysis
8. Baltics region and Finland Track & Trace Solutions Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Pharmaceutical & Biotechnology Companies
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Medical Device Companies
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Others
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Baltics region and Finland Track & Trace Solutions Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. Baltics region
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Finland
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Baltics region and Finland Track & Trace Solutions Market – Opportunity Analysis Index, By Product Type, By Technology, By Application, By End User, and Region, 2022-2028
10. Baltics region Soil Amendments Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Hardware Systems
10.1.1.1. Printing and Marking Solutions
10.1.1.2. Monitoring and Verification Solutions
10.1.1.3. Labeling Solutions
10.1.1.4. Others
10.1.2. Software Solutions
10.1.2.1. Plant Manager Software
10.1.2.2. Line Controller Software
10.1.2.3. Bundle Tracking Software
10.1.2.4. Others
10.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Barcode
10.2.2. RFID
10.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Serialization Solutions
10.3.2. Bottle Serialization
10.3.3. Label Serialization
10.3.4. Carton Serialization
10.3.5. Data Matrix Serialization
10.3.6. Aggregation Solutions
10.3.7. Bundle Aggregation
10.3.8. Case Aggregation
10.3.9. Pallet Aggregation
10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Pharmaceutical & Biotechnology Companies
10.4.2. Medical Device Companies
10.4.3. Others
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. Estonia
10.5.2. Latvia
10.5.3. Lithuania
10.6. Baltics region Soil Amendments Market – Opportunity Analysis Index, By Product Type, By Technology, By Application, By End User, and Country, 2022-2028
10.7. Baltics region Soil Amendments Market Dynamics – Trends
11. Finland Soil Amendments Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hardware Systems
11.1.1.1. Printing and Marking Solutions
11.1.1.2. Monitoring and Verification Solutions
11.1.1.3. Labeling Solutions
11.1.1.4. Others
11.1.2. Software Solutions
11.1.2.1. Plant Manager Software
11.1.2.2. Line Controller Software
11.1.2.3. Bundle Tracking Software
11.1.2.4. Others
11.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Barcode
11.2.2. RFID
11.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Serialization Solutions
11.3.2. Bottle Serialization
11.3.3. Label Serialization
11.3.4. Carton Serialization
11.3.5. Data Matrix Serialization
11.3.6. Aggregation Solutions
11.3.7. Bundle Aggregation
11.3.8. Case Aggregation
11.3.9. Pallet Aggregation
11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Pharmaceutical & Biotechnology Companies
11.4.2. Medical Device Companies
11.4.3. Others
11.5. Finland Soil Amendments Market – Opportunity Analysis Index, By Product Type, By Technology, By Application, By End User, and Country, 2022-2028
11.6. Finland Soil Amendments Market Dynamics – Trends
12. Competition Landscape 
12.1. Strategic Dashboard of Top Market Players
12.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
12.2.1. Mettler-Toledo International, Inc.
12.2.2. Siemens AG
12.2.3. Systech, Inc.
12.2.4. Arvato Systems
12.2.5. SAP SE
12.2.6. IBM Corporation
13. Research Methodology
14. Key Assumptions and Acronyms

Report

Company Profile

  • Mettler-Toledo International, Inc.
  • Siemens AG
  • Systech, Inc.
  • Arvato Systems
  • SAP SE
  • IBM Corporation

Description

Baltics Region And Finland Track And Trace Solutions Market size is valued at USD 287.9 Million in 2021 and is expected to grow at a significant CAGR of 7.6% during the forecast period 2022 to 2028. The report provides a detailed overview and that can be segmented by Product Type, Software Solutions, Technology, Application, and End User. By product type, the market has been segmented into Hardware Systems, Software Solutions. The hardware systems segment is likely to be the largest and fastest-growing segment in terms of product type. Based on technology the market is segmented into Barcodes, RFID.  Among these, Barcodes segment is expected to have the fastest-growing market during the forecast period 2022-2028.  Based on application, the Baltics Region and Finland track and trace solutions market is segmented into Serialization Solutions such as Bottle Serialization, Label Serialization, Carton Serialization, Data Matrix Serialization, Aggregation Solutions, Bundle Aggregation, Case Aggregation and Pallet Aggregation. The bottle serialization solutions segment accounts for the largest share in 2021. label serialization is the second-largest share during the forecast period 2021-2028. Based on the end-user the market has been segregated into Pharmaceutical and Biotechnology Companies, Medical Device Companies, and Others. The Pharmaceutical segment is expected to dominate other segments in the Baltics region and Finland track and trace solutions market. The Pharmaceutical segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.

Key Development:

In January 2022, Optel Group acquired the track and trace unit of Korber Business Area Pharma, also known as Taxeed. The company is based in Germany and has helped Optel to leverage Taxeed’s expertise in agrochemical and pharmaceutical track and trace technologies.

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