As cited by the research report titled ‘Global Hang Tags Market Size study, by Material Type (Paper, Plastic, PVC, PP, PET/ BOPET, Other, Composite Material, Fabric) Tag Type(Hang Tag/Swing Tag, Loop Tag)Printing Technology(Direct Thermal, Thermal Transfer, Flexo Printing, Offset and Screen Printing, Laser Printing)End Use(Clothing and Apparels, Food and Beverages, Hospitality and Travel, Beauty and Personal Care, Consumer Electronics, Others) And Regional Forecasts 2021-2027’, available with Market Study Report, global hang tags market is projected to grow with a CAGR of 11.1% to accumulate significant revenues over 2021-2027.
 

Increasing use of hang tags to convey the product information, coupled with extensive usage as a branding tool are primarily driving the global hang tags market growth. Additionally, availability of customization option and innovative designs in hang tags, and expansion of retail sector are augmenting the market outlook.
 

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Moreover, apart from garments & clothing industry, hang tags are now being used by food & beverage brands for product identification, authentication, and branding, thereby boosting the product demand. Furthermore, hang tags are gaining popularity as they provide an opportunity to attract consumers and establish brand name.
 

For the record, hang tags are used to reveal the product information to the consumers. These small tags are attached along with the products for the user to know important information like price, material used, instructions on how to use etc.
 

As cited in the report, alternatives like QR code stickers, pressure-sensitive labels and others are posing a challenge to hang tags, thus restraining the market progression.
 

Based on material type, worldwide hang tags industry is segmented into plastic, paper, PP, PVC, PET/BOPET, fabric, and other composite material. Considering tag type, the marketplace is divided into loop tag, and hang tag/swing tag.
 

Speaking of printing technology, the business space is categorized into thermal transfer, direct thermal, flexo printing, laser printing, and offset & screen printing. Moving on to end user range, the industry space is classified into clothing  &apparels, consumer electronics, hospitality & travel, food & beverages, beauty & personal care, and others.
 

On the regional front, Europe, North America, Asia Pacific, and Latin America are significantly contributing towards the total valuation of the industry. Of these, North America currently accounts for over half the industry share. Meanwhile, Asia Pacific market is showcasing impressive growth trends, owing to booming footwear & apparel vertical.
 

Prominent players influencing the worldwide hang tags industry trends are Signal Ltd., Bornemann-Etiketten GmbH, Dortex Werbung und Vertrieb mbH, Pacific Coast Bach Label Company Inc., Finotex USA Corp., Nilorn Group, St Louis Tag Co., Dutch Label Shop, SATO Holdings Corporation, and CCL Industries Inc.