Smart Labels Market Expected to Grow at CAGR 15.45% and Forecast to 2025
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 – 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 an