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 and the label media for use in specially-designed printer units.

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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.

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.

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.

Smart Labels Market Segmentation: 

By Product Type

• RFID
• Electronic Article Surveillance Label (EAS)
• Sensing Label
• Dynamic Display Label

By End-user Industry

• Food & Beverages
• Healthcare & Pharmaceuticals
• Automotive
• FMCG
• Logistics
• Retail
• Electronics
• Personal Care
• Medicines
• Others

By Application

• Retail Inventory
• Perishable Goods
• Others

By Material

• Paper & Paperboard
• Foam Plastics
• Plastics and Others

By Region

• North America
• U.S.
• Canada
• Europe
• UK
• France
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Southeast Asia
• Latin America
• Mexico
• Brazil
• The Middle East and Africa
• GCC
• Africa
• Rest of Middle East and Africa

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