A smart label is an item identification slip that has more advanced technologies than conventional bar code data. The most common improvements in smart labels are QR codes, Electronic Article Surveillance (EAS) tags and specially arranged RFID tags. Smart Label, also called smart tag, is a very flat configured transponder under a conservative print-coded label, which includes chip, antenna and bonding wires as a so-called inlay. The labels are made of paper, fabric or plastics and are prepared as a paper roll with the inlays laminated between the rolled carrier and the label media for use in specially-designed printer units.
Smart Labels Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Growing need to optimize the internet traffic is driving the content distribution network (CDN) market.
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Smart Labels Market was valued at USD 6309.1 Million in 2018 and is projected to reach around USD 17247.4 Million by 2025, at a CAGR of 15.45% during the forecast period.
The base year considered for the study is 2018 and the forecast period is 2019-2025. Rising safety concerns and health conciseness among people are major drivers for the growth of Smart Labels market.
Scope of Global Smart Labels Market Reports -
Global smart labels market report is segmented on the basis of product type, end-user, application and regions. Based upon product type, global smart labels market is segmented into RFID, electronic article surveillance label (EAS), sensing label and dynamic display label. By end-user industry, global smart labels market is segmented into food & beverages, healthcare & pharmaceuticals, automotive, FMCG, logistics, retail, electronics, personal care, medicines and others. By application, global smart labels market is segmented into retail inventory, perishable goods and others.
Key Players for Global Smart Labels Market Reports-
Some major key players for global Smart Labels market are Avery Dennison Corporation, Thin Film Electronics ASA, CCL Industries, Inc., Alien Technology Inc., Sato Holdings Corp., Checkpoint Systems, Inc., Avery Dennison Corporation, Invengo Information Technology, Smartrac N.V., Zebra Technologies, ASK S.A., Muhlbauer Holding Ag & Co. Kgaa., Graphic Label, Inc., and Graphic Label, Inc.
Smart Labels Market Segmentation:
By Product Type
Electronic Article Surveillance Label (EAS)
Dynamic Display Label
By End-user Industry
Food & Beverages
Healthcare & Pharmaceuticals
Paper & Paperboard
Plastics and Others
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The Middle East and Africa
Rest of Middle East and Africa
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Global Smart Labels Market Dynamics –
Rising acceptance of innovative technology by food industry is one of the factors drive the growth of smart labels market within the forecast period. Growing population and increasing sales of packaged food are some others factor supplementing the growth of this market. A recent online survey states that 75% grocery shoppers would like to use smart labels. Additionally, the market is foster by the factor such as uncertainly waste of food. For instance the smart labels help to use food product before that get expire, nearly 30% of the food produced globally is wasted. Growing demand for the reliable anti-theft devices is the factor drive growth of the global smart labels market. The high cost of the smart labels may hamper the market growth. However, the increasing technological advancement may provide opportunities to the market growth within the forecast period.
Asia-Pacific region is expected to grow at a highest CAGR over the forecast period owing to the developing economies such as China and India. The increasing population, rise in standard of living and growing awareness about food safety are some of the major factors anticipated to boost the demand for smart labels in this region. For instance; Asia pacific consists of around 60 % population of the world.
Europe is anticipated to witness a significant growth in the smart labels market. Some major countries showing the increased demand for smart food labels are U.K. and Germany owing to rapid urbanization and growing use of digital technology by food manufacturers for labeling of food products.
Key Benefits for Global Smart Labels Market Reports –
Global Smart Labels Market report covers in-depth historical and forecast analysis.
Global Smart Labels Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Smart Labels Market report helps to identify opportunities in marketplace.
Global Smart Labels Market report covers extensive analysis of emerging trends and competitive landscape.
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