Press Release

Apr, 20 2023

CCL Industries, AVERY DENNISON CORPORATION and Murata Manufacturing Co., Ltd. are Dominating the LATAM RFID Tags Market in 2020

LATAM RFID Tags Market is expected to grow with the CAGR of 9.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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LATAM RFID tags market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in LATAM RFID tags market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance,

  • In September, Pepperl+Fuchs Inc. has announced launch of new RFID tag which has a ability to read and write head. This new launch is high frequency range and came in three housing sizes and this new launch has increased the product portfolio of the company.

CCL Industries is the dominating player in LATAM RFID tags market. The other key players existing in the market includes Alien Technology, LLC, Impinj, Inc., HID Global Corporation (A Subsidiary of ASSA ABLOY), AVERY DENNISON CORPORATION, NXP Semiconductors, Zebra Technologies Corp., ams AG, Murata Manufacturing Co., Ltd., PARKER HANNIFIN CORP, Honeywell International Inc., Pepperl+Fuchs SE, SATO Holdings Corporation, FUJITSU.

LATAM RFID Tags MarketCCL Industries

CCL Industries is headquartered in Ontario, Canada and was founded in year 1951. The company develops new RFID tags, systems, software and inlay sizes into finished labels. The company operates in CCL, Avery, Checkpoint, Innovia among which CCL is the market focused segment. The company offers wide range of product categories such as aCCL, Avery, Checkpoint Systems, Innovia in which CCL is market focused category. For instance,

  • In March 2016, CCL Industries announced the acquisition of checkpoint systems, a company engaged in manufacturing of RFID tags and inlays. The acquisition was done for USD 556 million and the company offered high expertise in retail and clothing markets. The new acquisition helped the company to grow its tag and labelling product line-up.

The company has wide global presence across North America, Latin America, Europe, Middle East and Africa, Asia-Pacific and generates revenue from subsidiaries such as NoAvery Products Corporation (U.S.), Checkpoint Systms, Inc. (U.S.), CCL Container (Hermitage), Inc. (U.S.), Innovia Films (U.K.) and Say It Personally Ltd (U.K.) among others


AVERY DENNISON CORPORATION is headquartered in California, U.S. was founded in 1935. The company develops specializes in designing and manufacturing of wide range of labeling and functional materials. The company operates in Label and Graphic Materials, Retail Branding and Information Solutions, Industrial and Healthcare Materials among which Retail Branding and Information Solutions is market focused segment. The company offers product categories which are Advertising & Promotion, Apparel, Architecture & Building, Automotive, Consumer Packaged Goods, Durable Goods & Equipment, Electronics & Electrical, Food, Government, Medical & Healthcare, Retail, RFID, Supply Chain & Logistics, Transportation out of which RFID is market focused category. For instance,

  • In March 2020, AVERY DENNISON CORPORATION announced the completion of acquisition of Smartrac, a company engaged in manufacturing of RFID inlays. The company acquired Smartrac’s Transponder business for USD 266.37 million. The acquisition helped the company in expanding its RFID inlays business.

The company has wide global presence across North America, Latin America, Europe, Asia and generates revenue from subsidiaries such as AVERY DENNISON HOLDINGS ltd (U.K.), Paxar Corporation (U.S.), PAXAR PAKISTAN (PVT) LTD (Pakistan), PAXAR (CHINA) LTD (China) and AVERY DENNISON KOREA ltd (South Korea) among others

Murata Manufacturing Co., Ltd.

Murata Manufacturing Co., Ltd. is headquartered in Kyoto, Japan was established in 1944. The company specializes in RFID systems through implementation of hardware, software, and communication interfaces. The company operates in Components, Modules, Others  out of which Modules is market focused segment. The company provides aeCapacitor, Inductors, Noise Suppression Products / EMI Suppression Filters / ESD Protection Devices , Resistors , Thermistors (Temperature Sensors), Sensors , Timing Devices (MEMS Resonator / Crystal Unit / Ceramic Resonator / Oscillator), Quartz Devices, Sound Components (Buzzer), Power Products, Batteries, Micro Mechatronics, RFID Products, Matching Devices, Balun, Coupler, Filters, Phase Shifter, RF Switch, Front End Module, SAW Components, Connectors, Antennas, Wireless Connectivity Platforms, Ionizers / Active Oxygen Module (Ozonizers), Digital Panel Meters  out of which RFID Products is market focused product category. For instance,

  • In September 2019, Murata Manufacturing Co., Ltd. announced the launch of LXTBKZMCMG-010, as a small RFID IC tag. The new tag was developed to be used in surgical instruments and various other metal surfaces. The company used UHF band RFID feature which can read all tags together from a distance. The new product increased the product portfolio of the company.

The company has presence across the globe in Americas, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Kanazawa Murata Manufacturing Co., Ltd. (Japan), Murata Power Solutions Inc. (U.S.), Tohoku Murata Manufacturing Co., Ltd. (Japan), Murata Electronics North America, Inc. (U.S.) and Peregrine Semiconductor (U.S.) among others.

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