Investors may want to keep an eye on the electronic article surveillance market.
In 2021, the market was valued at about $1.04 billion, according to Straits Research.
“The protection against inventory losses, shoplifting, and theft have been one of the major reasons for the adoption of EAS (electronic article surveillance) products, thus driving the market. Organized retail crime (ORC) costs the retail industry roughly USD $30 billion per year, according to the NRF (National Retail Federation). Shoplifting is also a key cause of shrinkage in the retail industry, according to the National Retail Security Survey (NRRS). All these instances have forced the retailers to implement a solution to prevent theft, thereby driving the demand for EAS.”
All are strong catalysts for companies such as INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF), CCL Industries Inc. (TSX: CCL-B), Johnson Controls International (NYSE: JCI), Prosegur Compañía de Seguridad, S.A. (Madrid: PSG), and Avery Dennison Corp. (NYSE: AVY).