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Europe Track and Trace Solutions Market Forecast to 2030 - Regional Analysis - by Component (Hardware and Software), Enterprise Size (SMEs and Large Enterprise), Application (Serialization and Aggregation), and End Users (Pharmaceutical, Medical Devices, Consumer Goods, Food & Beverages, and Others)

July 2024 | 113 pages | ID: E33F56DB897FEN
The Insight Partners

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The Europe track and trace solutions market was valued at US$ 1,873.77 million in 2022 and is expected to reach US$ 6,050.11 million by 2030; it is estimated to register a CAGR of 15.8% from 2022 to 2030.

Increasing Number of Packaging-Related Product Recalls Drive Europe Track and Trace Solutions Market

Product recalls caused by issues with artwork and packaging are an ongoing problem for many consumer and pharmaceutical companies. The problems can come from several areas, such as non-standardized bills of material, translation mistakes, typos and poor proofreading, expired digital assets, poor printing quality, third-party artwork suppliers, and printing shops.

Product recalls not only cause financial damage to companies but they also harm their status and can cause a drop in sales figures in the future.

Stricter regulations, especially in the pharmaceuticals and food segments, and rising consumer awareness about product quality have increased the need for innovative solutions to ensure product safety during the entire value chain. Pharmaceutical labeling errors have generated many global headlines. They are the leading cause of product recalls in the pharmaceutical industry.

In the EU and across the world, pharmaceutical MAHs and other authorities are facing the same recall challenge. Although automated vision systems can prevent or limit a few recalls during manufacturing before the products go to market, others cannot be anticipated.

Further, Packaging Machinery Manufacturers Institute estimates that more than 50% of pharma product recalls are related to labeling or packaging artwork errors. These errors are problematic, and the details can lead to significant pharmaceutical packaging and labeling inaccuracies. Common mistakes include gross errors, which occur when necessary information is missing from artwork, content mistakes, context and meaning flaws, and technical errors, such as dysfunctional barcodes. Once a problem occurs, it is necessary to identify the source to avoid reoccurrence. Preventing labeling errors is as crucial as containing inaccuracies in drug development. The RFID labeling can be integrated into highly secure and effective track-and-trace systems to reduce the cases of labeling errors. Thus, the rising cases of product recalls is positively influencing the growth of the track and trace solutions market.

Europe Track and Trace Solutions Market Overview

The European track & trace solution market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. The region holds a significant market share in the track & trace solution market. The European track & trace solution market is expected to witness significant growth during the forecast period due to factors such as the launch of innovative products by market players in the region and presence of top competitive players.

According to an article published on the Mondaq website, in February 2020, the German Federal Government passed a resolution regarding improving the traceability of food and feed products. Also, the Federal Council recommended that the German government should announce an amendment to the German Food and Feed Code, regulating the obligations to transmit information for the traceability of food. As per the proposal, food and feed manufacturers will be required to submit traceability information in electronic form and a uniform format to the competent authority within 24 hours. Such recommendations for traceability will assist in quickly and effectively tracing the delivery routes of food products.

The government of Germany provides funding for research and development in food safety and traceability, thereby helping its development and quick market introduction. In Germany the track and trace solution for food and beverages has expanded in the last few years by advancing new technologies in the industry. However, products such as vegetables, fruits, grains, and processed foods had contamination cases by pathogenic microorganisms such as bacteria, which led to more than 40% of the product recall in Germany. Hence, food traceability is important and has major potential in the market to improve efficiency and reduce product recalls.

Europe Track and Trace Solutions Market Revenue and Forecast to 2030 (US$ Million)

Europe Track and Trace Solutions Market Segmentation

The Europe track and trace solutions market is categorized into component, enterprise size, application, end users, and country.

Based on component, the Europe track and trace solutions market is bifurcated into hardware and software. The software segment held a larger Europe track and trace solutions market share in 2022. Furthermore, the software segment is subcategorized into plant manager, line controller, and others. Additionally, the hardware segment is subsegmented into barcode scanner, radiofrequency identification (RFID) reader, and others.

In terms of enterprise size, the Europe track and trace solutions market is segmented into SMEs and large enterprise. The large enterprise segment held a larger Europe track and trace solutions market share in 2022.

By application, the Europe track and trace solutions market is divided into serialization solutions and aggregation solutions. The serialization solutions segment held a larger Europe track and trace solutions market share in 2022.

In terms of end users, the Europe track and trace solutions market is categorized into pharmaceutical, medical devices, consumer goods, food & beverages, and others. The consumer goods segment held the largest Europe track and trace solutions market share in 2022.

Based on country, the Europe track and trace solutions market is categorized into Germany, France, Italy, the UK, Spain, and the Rest of Europe. Germany dominated the Europe track and trace solutions market share in 2022.

ALLTEC Angewandte Laserlicht Technologie GmbH, Catalyx, Domino Printing Sciences plc, Jekson Vison Pvt Ltd, Kezzler AS, Korber AG, rfxcel Corp, SAP SE, Uhlmann Pac-Systeme GmbH & Co KG, Videojet Technologies Inc, and WIPOTEC GmbH are some of the leading companies operating in the Europe track and trace solutions market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. EUROPE TRACK AND TRACE SOLUTIONS MARKET - KEY MARKET DYNAMICS

4.1 Europe Track and Trace Solutions Market - Key Market Dynamics
4.2 Market Drivers
  4.2.1 Implementation of Serialization to Combat Counterfeit Drugs
  4.2.2 Increasing Number of Packaging-Related Product Recalls
4.3 Market Restraints
  4.3.1 High Cost of Products and Implementation
4.4 Market Opportunities
  4.4.1 Supply Chain Optimization
4.5 Future Trends
  4.5.1 Continuous Technological Advancements
4.6 Impact of Drivers and Restraints:

5. TRACK AND TRACE SOLUTIONS MARKET - EUROPE MARKET ANALYSIS

5.1 Europe Track and Trace Solutions Market Revenue (US$ Million), 2020-2030
5.2 Europe Track and Trace Solutions Market Forecast Analysis

6. EUROPE TRACK AND TRACE SOLUTIONS MARKET ANALYSIS - BY COMPONENT

6.1 Software
  6.1.1 Overview
  6.1.2 Software: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
6.2 Hardware
  6.2.1 Overview
  6.2.2 Hardware: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)

7. EUROPE TRACK AND TRACE SOLUTIONS MARKET ANALYSIS - BY APPLICATION

7.1 Serialization Solution
  7.1.1 Overview
  7.1.2 Serialization Solution: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Aggregation Solution
  7.2.1 Overview
  7.2.2 Aggregation Solution: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)

8. EUROPE TRACK AND TRACE SOLUTIONS MARKET ANALYSIS - BY ENTERPRISES SIZE

8.1 SMEs
  8.1.1 Overview
  8.1.2 SMEs: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Large Enterprises
  8.2.1 Overview
  8.2.2 Large Enterprises: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)

9. EUROPE TRACK AND TRACE SOLUTIONS MARKET ANALYSIS - BY END USERS

9.1 Pharmaceutical
  9.1.1 Overview
  9.1.2 Pharmaceutical: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Medical Devices
  9.2.1 Overview
  9.2.2 Medical Devices: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
9.3 Consumer Goods
  9.3.1 Overview
  9.3.2 Consumer Goods: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Food and Beverages
  9.4.1 Overview
  9.4.2 Food and Beverages: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Others
  9.5.1 Overview
  9.5.2 Others: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)

10. EUROPE TRACK AND TRACE SOLUTIONS MARKET - COUNTRY ANALYSIS

10.1 Europe
  10.1.1 Europe: Track and Trace Solutions Market - Revenue and Forecast Analysis - by Country
    10.1.1.1 Germany: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
      10.1.1.1.1 Germany: Track and Trace Solutions Market Breakdown, by Component
        10.1.1.1.1.1 Germany: Track and Trace Solutions Market Breakdown, by Software
        10.1.1.1.1.2 Germany: Track and Trace Solutions Market Breakdown, by Hardware
      10.1.1.1.2 Germany: Track and Trace Solutions Market Breakdown, by Application
      10.1.1.1.3 Germany: Track and Trace Solutions Market Breakdown, by Enterprises Size
      10.1.1.1.4 Germany: Track and Trace Solutions Market Breakdown, by End Users
    10.1.1.2 France: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
      10.1.1.2.1 France: Track and Trace Solutions Market Breakdown, by Component
        10.1.1.2.1.1 France: Track and Trace Solutions Market Breakdown, by Software
        10.1.1.2.1.2 France: Track and Trace Solutions Market Breakdown, by Hardware
      10.1.1.2.2 France: Track and Trace Solutions Market Breakdown, by Application
      10.1.1.2.3 France: Track and Trace Solutions Market Breakdown, by Enterprises Size
      10.1.1.2.4 France: Track and Trace Solutions Market Breakdown, by End Users
    10.1.1.3 United Kingdom: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
      10.1.1.3.1 United Kingdom: Track and Trace Solutions Market Breakdown, by Component
        10.1.1.3.1.1 United Kingdom: Track and Trace Solutions Market Breakdown, by Software
        10.1.1.3.1.2 United Kingdom: Track and Trace Solutions Market Breakdown, by Hardware
      10.1.1.3.2 United Kingdom: Track and Trace Solutions Market Breakdown, by Application
      10.1.1.3.3 United Kingdom: Track and Trace Solutions Market Breakdown, by Enterprises Size
      10.1.1.3.4 United Kingdom: Track and Trace Solutions Market Breakdown, by End Users
    10.1.1.4 Italy: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
      10.1.1.4.1 Italy: Track and Trace Solutions Market Breakdown, by Component
        10.1.1.4.1.1 Italy: Track and Trace Solutions Market Breakdown, by Software
        10.1.1.4.1.2 Italy: Track and Trace Solutions Market Breakdown, by Hardware
      10.1.1.4.2 Italy: Track and Trace Solutions Market Breakdown, by Application
      10.1.1.4.3 Italy: Track and Trace Solutions Market Breakdown, by Enterprises Size
      10.1.1.4.4 Italy: Track and Trace Solutions Market Breakdown, by End Users
    10.1.1.5 Spain: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
      10.1.1.5.1 Spain: Track and Trace Solutions Market Breakdown, by Component
        10.1.1.5.1.1 Spain: Track and Trace Solutions Market Breakdown, by Software
        10.1.1.5.1.2 Spain: Track and Trace Solutions Market Breakdown, by Hardware
      10.1.1.5.2 Spain: Track and Trace Solutions Market Breakdown, by Application
      10.1.1.5.3 Spain: Track and Trace Solutions Market Breakdown, by Enterprises Size
      10.1.1.5.4 Spain: Track and Trace Solutions Market Breakdown, by End Users
    10.1.1.6 Rest of Europe: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
      10.1.1.6.1 Rest of Europe: Track and Trace Solutions Market Breakdown, by Component
        10.1.1.6.1.1 Rest of Europe: Track and Trace Solutions Market Breakdown, by Software
        10.1.1.6.1.2 Rest of Europe: Track and Trace Solutions Market Breakdown, by Hardware
      10.1.1.6.2 Rest of Europe: Track and Trace Solutions Market Breakdown, by Application
      10.1.1.6.3 Rest of Europe: Track and Trace Solutions Market Breakdown, by Enterprises Size
      10.1.1.6.4 Rest of Europe: Track and Trace Solutions Market Breakdown, by End Users

11. INDUSTRY LANDSCAPE

11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
  11.3.1 Overview
11.4 Inorganic Developments
  11.4.1 Overview

12. COMPANY PROFILES

12.1 SAP SE
  12.1.1 Key Facts
  12.1.2 Business Description
  12.1.3 Products and Services
  12.1.4 Financial Overview
  12.1.5 SWOT Analysis
  12.1.6 Key Developments
12.2 Uhlmann Pac-Systeme GmbH & Co KG
  12.2.1 Key Facts
  12.2.2 Business Description
  12.2.3 Products and Services
  12.2.4 Financial Overview
  12.2.5 SWOT Analysis
  12.2.6 Key Developments
12.3 WIPOTEC GmbH
  12.3.1 Key Facts
  12.3.2 Business Description
  12.3.3 Products and Services
  12.3.4 Financial Overview
  12.3.5 SWOT Analysis
  12.3.6 Key Developments
12.4 Korber AG
  12.4.1 Key Facts
  12.4.2 Business Description
  12.4.3 Products and Services
  12.4.4 Financial Overview
  12.4.5 SWOT Analysis
  12.4.6 Key Developments
12.5 ALLTEC Angewandte Laserlicht Technologie GmbH
  12.5.1 Key Facts
  12.5.2 Business Description
  12.5.3 Products and Services
  12.5.4 Financial Overview
  12.5.5 SWOT Analysis
  12.5.6 Key Developments
12.6 Videojet Technologies Inc
  12.6.1 Key Facts
  12.6.2 Business Description
  12.6.3 Products and Services
  12.6.4 Financial Overview
  12.6.5 SWOT Analysis
  12.6.6 Key Developments
12.7 Domino Printing Sciences plc
  12.7.1 Key Facts
  12.7.2 Business Description
  12.7.3 Products and Services
  12.7.4 Financial Overview
  12.7.5 SWOT Analysis
  12.7.6 Key Developments
12.8 Kezzler AS
  12.8.1 Key Facts
  12.8.2 Business Description
  12.8.3 Products and Services
  12.8.4 Financial Overview
  12.8.5 SWOT Analysis
  12.8.6 Key Developments
12.9 rfxcel Corp
  12.9.1 Key Facts
  12.9.2 Business Description
  12.9.3 Products and Services
  12.9.4 Financial Overview
  12.9.5 SWOT Analysis
  12.9.6 Key Developments
12.10 Catalyx
  12.10.1 Key Facts
  12.10.2 Business Description
  12.10.3 Products and Services
  12.10.4 Financial Overview
  12.10.5 SWOT Analysis
  12.10.6 Key Developments
12.11 Jekson Vison Pvt Ltd
  12.11.1 Key Facts
  12.11.2 Business Description
  12.11.3 Products and Services
  12.11.4 Financial Overview
  12.11.5 SWOT Analysis
  12.11.6 Key Developments

13. APPENDIX

13.1 About Us
13.2 Glossary of Terms

LIST OF TABLES

Table 1. Europe Track and Trace Solutions Market Segmentation
Table 2. Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Table 3. Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 4. Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Software
Table 5. Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Hardware
Table 6. Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 7. Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Enterprises Size
Table 8. Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by End Users
Table 9. Germany: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 10. Germany: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 11. Germany: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 12. Germany: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 13. Germany: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 14. Germany: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 15. France: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 16. France: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 17. France: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 18. France: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 19. France: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 20. France: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 21. United Kingdom: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 22. United Kingdom: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 23. United Kingdom: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 24. United Kingdom: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 25. United Kingdom: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 26. United Kingdom: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 27. Italy: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 28. Italy: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 29. Italy: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 30. Italy: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 31. Italy: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 32. Italy: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 33. Spain: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 34. Spain: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 35. Spain: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 36. Spain: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 37. Spain: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 38. Spain: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 39. Rest of Europe: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 40. Rest of Europe: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 41. Rest of Europe: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 42. Rest of Europe: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 43. Rest of Europe: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 44. Rest of Europe: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 45. Organic Developments Done by Companies
Table 46. Inorganic Developments Done by Companies
Table 47. Glossary of Terms, Track and Trace Market12. List of Figures
Figure 1. Europe Track and Trace Solutions Market Segmentation, by Country
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. Europe Track and Trace Solutions Market Revenue (US$ Million), 2022-2030
Figure 4. Europe Track and Trace Solutions Market Share (%) - by Component (2022 and 2030)
Figure 5. Software: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 6. Hardware: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 7. Europe Track and Trace Solutions Market Share (%) - by Application (2022 and 2030)
Figure 8. Serialization Solution: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Aggregation Solution: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Europe Track and Trace Solutions Market Share (%) - by Enterprises Size (2022 and 2030)
Figure 11. SMEs: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Large Enterprises: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Europe Track and Trace Solutions Market Share (%) - by End Users (2022 and 2030)
Figure 14. Pharmaceutical: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Medical Devices: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Consumer Goods: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Food and Beverages: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Others: Europe Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Europe: Track and Trace Solutions Market Revenue, by Key Countries, (2022) (US$ Mn)
Figure 20. Europe: Track and Trace Solutions Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. Germany: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 22. France: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 23. United Kingdom: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 24. Italy: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 25. Spain: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 26. Rest of Europe: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 27. Growth Strategies Done by the Companies in the Market, (%)


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