India Track And Trace Solutions Market (2021-2027) | Companies, Size, Analysis, Revenue, Forecast, Trends, Growth, industry, Outlook & COVID-19 IMPACT

Market Forecast By Products (Hardware (Printing & Marking Solutions, Monitoring & Verification Solutions, Labelling Solutions, Other Solutions (checkweighers etc.)), Software (Plant Manager Software, Line Controller Software, Bundle Tracking Software, Others (Enterprise and network manager, Warehouse & shipment manager))), By Technology (Barcode, RFID), By Applications (Serialization Solution (Bottle Serialization, Label Serialization, Carton Serialization, Data Matrix Serialization), Aggregation Solution (Bundle Aggregation, Case Aggregation, Pallet Aggregation)), By End Users (Pharmaceutical & Biopharmaceutical, Medical Devices, Food & Beverages, Automobiles, Cosmetics, Agro-Chemicals, Others (Tobacco, Electronic Devices, Stationary, Toys, Luxury Items, etc.)), By Regions (Northern (This includes Jammu & Kashmir, Haryana, Himachal Pradesh, Punjab, Uttar Pradesh, Uttarakhand, Delhi, Rajasthan, Ladakh), Southern (This includes Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil-Nadu, Puducherry), Eastern (This includes Jharkhand, Bihar, Odisha, West Bengal, Arunachal-Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura), Western (This includes Gujarat, Madhya Pradesh, Maharashtra, Chhattisgarh, Goa) and competitive landscape

Product Code: ETC150371 Publication Date: Feb 2022 Updated Date: Apr 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 95 No. of Figures: 26 No. of Tables: 11

Latest 2023 Development of the India Track and Trace Solutions Market

India track and trace solutions market is witnessing the implementation of the Unique Identification Code (UIC) system. In August 2021, the Central Board of Indirect Taxes and Customs (CBIC) announced the implementation of the UIC system for pharmaceutical products. This system is aimed at ensuring the authenticity and integrity of medicines, making it easier to track and trace them throughout the supply chain. Additionally, the market has also registered the launch of new track and trace solutions. Several companies in India are launching new track and trace solutions to meet the growing demand and enhance the market share. For example, in June 2021, Bengaluru-based technology company Infosys launched a blockchain-powered track and trace solution to help companies in the pharmaceutical, retail, and logistics sectors track the movement of goods.

India track and trace solutions industry is also experiencing rising adoption of cloud-based solutions: Many companies in India are adopting cloud-based track and trace solutions, which offer greater scalability and flexibility than traditional on-premises solutions. In April 2021, Mumbai-based logistics company Tiger Logistics announced the adoption of a cloud-based track and trace system to improve supply chain visibility and reduce operational costs. Further, the collaboration between government and industry. The Indian government is working closely with the pharmaceutical industry to implement track-and-trace solutions that meet regulatory requirements. In July 2021, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) signed a memorandum of understanding with the Indian Institute of Packaging to develop new packaging solutions that incorporate track and trace technologies.

Topics Covered in The India Track And Trace Solutions Market

India Track And Trace Solutions Market report thoroughly cover the market by products, technology, applications, end users, and regions. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities / high growth areas, market drivers, and market revenue share by companies, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Track and Trace Solutions Market Synopsis

India track and trace solutions market grew considerably in 2017-2020 owing to stringent regulations & standards like adhering to GS1 standards mandated by the government of India for the implementation of serialization. Further, in 2019, counterfeiting incidents increased by 24% as compared to 2018. Besides, from Feb- April 2020, after the outbreak of CORONAVIRUS, over 150 incidents of counterfeiting cases were reported, majorly about fake PPE kits, sanitisers, and masks. Also, according to media reports, pharma, FMCG, automotive, tobacco, alcohol, apparel, agriculture, lifestyle, infrastructure, and document are the 10 sectors impacted most by counterfeiting.

India Track And Trace Solutions Market Overview

A spike in counterfeiting drugs and related products, and growing awareness of brand protection coupled with stringent government regulations for implementing serialization and aggregation solutions augmented the demand for track and trace solutions in the country in the previous period. Additionally, increased sales of medical devices such as clinical thermometers and sanitizers on the back of multiplied demand during the COVID period have positively impacted the market for track and trace solutions in the country in 2020.

According to 6Wresearch, India Track And Trace Solutions Market size is projected to grow at a CAGR of 10.5% during 2021-2027. The rising concerns of the manufacturers for packaging-related product recalls the growing focus of manufacturers on brand protection, high growth in the generic and OTC markets, and growth in the medical device industry are expected to drive the track & trace solutions market in the coming years. Additionally, government regulations like the replacement of the DAVA portal with the iVEDA portal for enhancing the serialization uploading procedures and mandating all medical devices sold in India to include a unique device identification (UDI) from Jan 2022, would provide opportunities for deployment of track and trace solutions in the country in the years to come.

India Track And Trace Solutions Market segmentation

Market by Applications Analysis

In terms of Applications, the Serialization solution captured approximately two-thirds of the market revenues in 2020 and is expected to retain its dominance over the forthcoming years due to the increasing focus of regulatory bodies on the implementation of the serialization solution to decrease product diversion and drug counterfeiting However, the aggregation solution segment is predicted to grow fastest in the forecast period as aggregation solutions allow for faster and easier tracking. This is because each package does not need to be scanned at each stop if the aggregated code is scanned.

India Track And Trace Solutions Market Opportunity Assessment

Market by Regions Analysis

In India track and trace solutions market, the southern region and northern region cumulatively have captured 68% of the market revenues in 2020, with the southern region leading the market. The southern region captured a key share of the market pie, owing to the prevalence of the manufacturing base in the southern region.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Track and Trace Solutions Market Overview
  • India Track and Trace Solutions Market Outlook
  • India Track and Trace Solutions Market Forecast
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By Products, for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By Technology, for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By Applications, for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By End Users, for the Period 2017-2027F
  • Historical Data and Forecast of India Track and Trace Solutions Market Revenues, By Regions, for the Period 2017-2027F
  • Market Drivers and Restraints
  • India Track and Trace Solutions Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • India Track and Trace Solutions Market Share, By Companies
  • COVID-19 Impact Analysis
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Products

    • Hardware
      • Printing & Marking Solutions
      • Monitoring & Verification Solutions
      • Labelling Solutions
      • Other Solutions (check weighers etc.)
    • Software
      • Plant Manager Software
      • Line Controller Software
      • Bundle Tracking Software
      • Others (Enterprise and network manager, Warehouse & shipment manager)
  • By Technology
    • Barcode
    • RFID
  • By Applications
    • Serialization Solution
      • Bottle Serialization
      • Label Serialization
      • Carton Serialization
      • Data Matrix Serialization
    • Aggregation Solution
    • Bundle Aggregation
    • Case Aggregation
    • Pallet Aggregation

By End Users

  • Pharmaceutical & Biopharmaceutical
  • Medical Devices
  • Food & Beverages
  • Automobiles
  • Cosmetics
  • Agro-Chemicals
  • Others (Tobacco, Electronic Devices, Stationary, Toys, Luxury Items, etc.)

By Regions

  • Northern (This includes Jammu & Kashmir, Haryana, Himachal Pradesh, Punjab, Uttar Pradesh, Uttarakhand, Delhi, Rajasthan, and Ladakh)
  • Southern (This includes Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil-Nadu, and Puducherry)
  • Eastern (This includes Jharkhand, Bihar, Odisha, West Bengal, Arunachal-Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura)
  • Western (This includes Gujarat, Madhya Pradesh, Maharashtra, Chhattisgarh, and Goa)
India Track And Trace Solutions Market
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The India track and trace solutions market growth in revenues is anticipated to record a CAGR of 10.5 % during 2021-27.
By applications, serialization solution segment has dominated the market revenues led by increasing implementation of stringent government rules and regulations and adherence of the GS1 standards, especially in the pharmaceutical industry
By applications, aggregation solution segment would record key growth throughout the forecast period 2021-27.
The key players of the market include- Optel Group, ACG Group, Antares Vision S.r.l., Kevision Systems, Mettler-Toledo International Inc., Jekson Vision Private Limited, and Tracelink India Private Limited.
6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. India Track and Trace Solutions Market Overview
3.1. India Track and Trace Solutions Market Revenues, 2017-2027F
3.2. India Track and Trace Solutions Market Industry Life Cycle
3.3. India Track and Trace Solutions Market Porter's Five Forces
3.4. India Track and Trace Solutions Market Revenue Share, By Products, 2020 & 2027F
3.5. India Track and Trace Solutions Market Revenue Share, By Technology, 2020 & 2027F
3.6. India Track and Trace Solutions Market Revenue Share, By Applications, 2020 & 2027F
3.7. India Track and Trace Solutions Market Revenue Share, By End Users, 2020 & 2027F
3.8. India Track and Trace Solutions Market Revenue Share, By Regions, 2020 & 2027F
4. Impact Analysis of Covid-19 on India Track and Trace Solutions Market
5. India Track and Trace Solutions Market Dynamics
5.1. Impact Analysis
5.2. Market Drivers
5.3. Market Restraints
6. India Track and Trace Solutions Market Trends
7. India Track and Trace Solutions Market Overview, By Products
7.1. India Track and Trace Solutions Market Revenues, By Products
7.1.1. India Track and Trace Solutions Market Revenues, By Hardware, 2017-2027F
7.1.2. India Track and Trace Solutions Market Revenues, By Software, 2017-2027F
7.2. India Track and Trace Solutions Market Overview, By Hardware Types
7.2.1. India Track and Trace Solutions Market Revenue Share, Hardware Types, 2020 & 2027F
7.2.2. India Track and Trace Solutions Market Revenues, By Hardware Types
7.2.2.1 India Hardware Track and Trace Solutions Market Revenues, By Monitoring & Verification Solutions, 2017-2027F
7.2.2.2. India Hardware Track and Trace Solutions Market Revenues, By Printing & Marking Solutions, 2017-2027F
7.2.2.3. India Hardware Track and Trace Solutions Market Revenues, By Labelling Solutions, 2017-2027F
7.2.2.4. India Hardware Track and Trace Solutions Market Revenues, By Other Solutions, 2017-2027F
7.3. India Track and Trace Solutions Market Overview, By Software Types
7.3.1. India Track and Trace Solutions Market Revenue Share, By Software Types, 2020 & 2027F
7.3.2. India Track and Trace Solutions Market Revenues, By Software Types
7.3.2.1 India Software Track and Trace Solutions Market Revenues, By Plant Manager Software, 2017-2027F
7.3.2.2 India Software Track and Trace Solutions Market Revenues, By Line Controller Software, 2017-2027F
7.3.2.3 India Software Track and Trace Solutions Market Revenues, By Bundle Tracking Software, 2017-2027F
7.3.2.4 India Software Track and Trace Solutions Market Revenues, By Others, 2017-2027F
8. India Track and Trace Solutions Market Overview, By Technology
8.1. India Track and Trace Solutions Market Revenues, By Technology
8.1.1. India Track and Trace Solutions Market Revenues, By Barcode, 2017-2027F
8.1.2. India Track and Trace Solutions Market Revenues, By RFID, 2017-2027F
9. India Track and Trace Solutions Market Overview, By Applications
9.1. India Track and Trace Solutions Market Revenues, By Applications
9.1.1. India Track and Trace Solutions Market Revenues, By Serialization Solution, 2017-2027F
9.1.2. India Track and Trace Solutions Market Revenues, By Aggregation Solution, 2017-2027F
9.2. India Track and Trace Solutions Market Overview, By Serialization Solution Application
9.2.1. India Track and Trace Solutions Market Revenue Share, By Serialization Solution Application, 2020 & 2027F
9.2.2. India Track and Trace Solutions Market Revenues, By Serialization Solution Application
9.2.2.1. India Serialization Solution Track and Trace Solutions Market Revenues, By Carton Serialization, 2017-2027F
9.2.2.2. India Serialization Solution Track and Trace Solutions Market Revenues, By Label Serialization, 2017-2027F
9.2.2.3. India Serialization Solution Track and Trace Solutions Market Revenues, By Bottle Serialization, 2017-2027F
9.2.2.4. India Serialization Solution Track and Trace Solutions Market Revenues, By Data Matrix Serialization, 2017-2027F
9.3. India Track and Trace Solutions Market Overview, By Aggregation Solution Application
9.3.1. India Track and Trace Solutions Market Revenue Share, By Aggregation Solution Application, 2020 & 2027F
9.3.2. India Track and Trace Solutions Market Revenues, By Aggregation Solution Application
9.3.2.1. India Aggregation Solution Track and Trace Solutions Market Revenues, By Bundle Aggregation, 2017-2027F
9.3.2.2. India Aggregation Solution Track and Trace Solutions Market Revenues, By Case Aggregation, 2017-2027F
9.3.2.3. India Aggregation Solution Track and Trace Solutions Market Revenues, By Pallet Aggregation, 2017-2027F
10. India Track and Trace Solutions Market Overview, By End Users
10.1. India Track and Trace Solutions Market Revenues, By End Users
10.1.1. India Track and Trace Solutions Market Revenues, By Pharmaceutical & Biopharmaceutical, 2017-2027F
10.1.2. India Track and Trace Solutions Market Revenues, By Food & Beverages, 2017-2027F
10.1.3. India Track and Trace Solutions Market Revenues, By Medical Devices, 2017-2027F
10.1.4. India Track and Trace Solutions Market Revenues, By Automobiles, 2017-2027F
10.1.5. India Track and Trace Solutions Market Revenues, By Cosmetics, 2017-2027F
10.1.6. India Track and Trace Solutions Market Revenues, By Agro-Chemicals, 2017-2027F
10.1.7. India Track and Trace Solutions Market Revenues, By Others, 2017-2027F
11. India Track and Trace Solutions Market Overview, By Regions
11.1. India Track and Trace Solutions Market Revenues, By Regions
11.1.1. India Track and Trace Solutions Market Revenues, By Southern Region, 2017-2027F
11.1.2. India Track and Trace Solutions Market Revenues, By Northern Region, 2017-2027F
11.1.3. India Track and Trace Solutions Market Revenues, By Western Region, 2017-2027F
11.1.4. India Track and Trace Solutions Market Revenues, By Eastern Region, 2017-2027F
12. India Track and Trace Solutions Market - Key Performance Indicators
13. India Track and Trace Solutions Market Opportunity Assessment
13.1. India Track and Trace Solutions Market Opportunity Assessment, By Technology, 2027F
13.2. India Track and Trace Solutions Market Opportunity Assessment, By Applications, 2027F
13.3. India Track and Trace Solutions Market Opportunity Assessment, By End Users, 2027F
13.4. India Track and Trace Solutions Market Opportunity Assessment, By Regions, 2027F
14. India Track and Trace Solutions Market Competitive Landscape
14.1. India Track and Trace Solutions Market Revenue Share, By Companies, 2020
    14.2. India Track and Trace Solutions Market Competitive Benchmarking, By Operating Parameters
    14.3. India Track and Trace Solutions Market Competitive Benchmarking, By Technical Parameters
15. Company Profiles
15.1. Jekson Vision Private Limited
15.2. Antares Vision S.r.l.
15.3. ACG Group
15.4. Kevision Systems
15.5. Optel Group
15.6. AVEVA Group PLC
15.7. Mettler-Toledo International Inc
15.8. Tracelink Inc.
15.9. Uhlmann Group Holding GmbH & Co. KG
15.10. Markem Imaje India Private Limited
16. Key Strategic Recommendations
17. Disclaimer
List of Figures
Figure 1.  India Track and Trace Solutions Market Revenues, 2017-2027F (INR Crore)
Figure 2.  India Track and Trace Solutions Market Revenue Share, By Products, 2020 & 2027F
Figure 3.  India Track and Trace Solutions Market Revenue Share, By Technology, 2020 & 2027F
Figure 4.  India Track and Trace Solutions Market Revenue Share, By Applications, 2020 & 2027F
Figure 5.  India Track and Trace Solutions Market Revenue Share, By End Users, 2020 & 2027F
Figure 6.  India Track and Trace Solutions Market Revenue Share, By Regions, 2020 & 2027F
Figure 7. Worth of Illegally Imported Cigarettes Seized by Indian Officials, Apr 2019-Feb 2021, (INR Crore)
Figure 8.  India Track and Trace Solutions Market Revenue Share, By Hardware Types, 2020 & 2027F
Figure 9.  India Track and Trace Solutions Market Revenue Share, By Software Types, 2020 & 2027F
Figure 10.  India Track and Trace Solutions Market Revenue Share, By Serialization Solution Application, 2020 & 2027F
Figure 11.  India Track and Trace Solutions Market Revenue Share, By Aggregation Solution Application, 2020 & 2027F
Figure 12.  Major Sector-Wise FMCG Market Share in India, 2020 (in %)
Figure 13.  FMCG Market in India, 2018 vs 2021E (INR Billion)
Figure 14.  FMCG Market in India, 2018 vs 2025F (INR Billion)
Figure 15.  Indian Pharmaceutical Market, 2021E- 2030F ($ Billion)
Figure 16.  Pharmaceutical Export from India, 2017- 2021E ($ Billion)
Figure 17.  Indian Biotechnology Sector, 2019 vs 2025F ($ Billion)
Figure 18.  Indian Medical Devices Industry, 2020 vs 2025F ($ Billion)
Figure 19.  Market Size of the Indian Retail Industry, 2016- 2026F ($ Billion)
Figure 20.  Market Share of the Indian Retail Industry, 2019 & 2021E
Figure 21.  Annual Automotive Production-Two Wheelers and Cars, , FY2016/17-2024/25F (‘000 Units)
Figure 22.  India Track and Trace Solutions Market Opportunity Assessment, By Technology, 2027F
Figure 23.  India Track and Trace Solutions Market Opportunity Assessment, By Applications, 2027F
Figure 24.  India Track and Trace Solutions Market Opportunity Assessment, By End Users, 2027F
Figure 25.  India Track and Trace Solutions Market Opportunity Assessment, By Regions, 2027F
Figure 26.  India Track and Trace Solutions Market Revenue Share, By Companies, 2020
List of Tables
Table 1.  India Track and Trace Solutions Market Revenues, By Products, 2017-2027F (INR Crore)
Table 2.  India Track and Trace Solutions Market Revenues, By Hardware Types, 2017-2027F (INR Crore)
Table 3.  India Track and Trace Solutions Market Revenues, By Software Types, 2017-2027F (INR Crore)
Table 4.  India Track and Trace Solutions Market Revenues, By Technology, 2017-2027F (INR Crore)
Table 5.  India Track and Trace Solutions Market Revenues, By Applications, 2017-2027F (INR Crore)
Table 6.  India Track and Trace Solutions Market Revenues, By Serialization Solution Application, 2017-2027F (INR Crore)
Table 7.  India Track and Trace Solutions Market Revenues, By Aggregation Solution Application, 2017-2027F (INR Crore)
Table 8.  India Track and Trace Solutions Market Revenues, By End Users, 2017-2027F (INR Crore)
Table 9.  India Track and Trace Solutions Market Revenues, By Regions, 2017-2027F (INR Crore)
Table 10. Track and Trace Solutions’ Company-wise Business Models, 2021
Table 11. Track and Trace Solutions’ Company-wise Pricing Analysis, 2021
Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All