Smart Labels Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Smart Labels Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Smart labels are becoming a standout amongst popular innovations across the retail,
healthcare, consumer goods and manufacturing sector among others, they are
perceived as a perfect approach to accomplish noteworthy efficiencies and profit
while giving the genuineness of a product. Furthermore, smart labels assist in
traceability right from the warehouse, the distribution channels and throughout the
supply chain.
The most common developments in smart labels are Electronic Article Surveillance
(EAS) tags, QR codes and specially configured RFID tags.
Smart Labels to Revolutionise Retail & FMCG
The ability to provide real-time tracking and present customers with comprehensive
knowledge about products using digital technology and smart devices is fostering the
growth of the global smart labels market.
Smart labels and sensing labels are preferred profoundly in F&B industries due to
their ability to track the change in temperature, carbon dioxide, oxygen, or other
environmental factors that could affect the quality of the product. Hence the
perishable goods segment is estimated to grow at the highest CAGR during the
forecast period.
RFID technology has potentially endless applications for maintaining accuracy and
adding value to the healthcare industry. RFID labelling serves an extensive
microcosm of the healthcare industry as a whole, with, movement of
pharmaceuticals and samples, diagnostic testing, and patient care, and medication
dispensing all happening under one roof. Smart labelling privileges hospitals and the
entire healthcare industry from primary care offices to diagnostics labs to the
pharmaceutical supply chain from end-to-end traceability enhanced productivity and
improved inventory management.
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Global Smart Labels Market, by Product Type
+ RFID
+ Electronic Surveillance Label
+ NFC Tags Sensing Label
+ Dynamic Label
RFID Labels to Witness Highest Growth
RFID labels are increasingly gaining traction owing to attributes such as traceability,
providing assistance with operations of inventory management and synchronised
supply chain management. RFID labels play a crucial role in the process of repairs and
maintenance combined with real-time tracking and maintaining the genuine
credibility of a product. Owing to the widespread use of RFID labels in various
industries, this segment is poised to value over US$ 5500 by 2026.
Global Smart Labels Market, by Component
+ Microprocessors
+ Transceivers
+ Memories
+ Batteries
Memories are projected to grow at the highest CAGR, owing to its increasing use in
asset tracking and inventory management.
Global Smart Labels Market, by End User
+ Automotive
+ Retail
+ Healthcare
+ Industrial Manufacturing
+ Consumer Goods
The healthcare industry is anticipated to grow at the highest CAGR. Increasing usage
of this technology in spoil detection of test samples, hospital goods, drugs, and
medical equipment is expected to drive demand across the healthcare sector.
Global Smart Labels Market, by Region
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World
North America to Play a Pivotal Role in Growth of Smart Label Market. North America
is the biggest market for smart labels globally, with the United States accounting for
the dominant share in the region. The market growth in the United States can be
attributed to a large presence of retail stores. Retail giants, such as Target, Walmart
and others, are boosting the activity, broadly contributing to the growth of the smart
label market in the country. Walmart has been placing electronic identification tags
on items of clothing, to prevent theft, and to gain more control over its inventory.
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Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants
Major firms in the market are Avery Dennison Corporation, CCL Industries Inc.,
Toshiba Global Commerce Solutions, Inc., Muhlbauer Holding Ag & Co. KGaA.,
Smartrac N.V., Thin Film Electronics ASA, Advantech US, Zebra Technologies, Metra
Blansko, Graphic Label, Inc., Invengo Technology BV, and Checkpoint Systems.
FutureWise Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data-points affecting market growth
Objectives of the Study:
+ To provide with an exhaustive analysis on the global smart labels market on the
basis of product type, component, end-user and region
+ To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and an overall market
+ To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
+ To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
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Smart labels are becoming a standout amongst popular innovations across the retail, healthcare, consumer goods and manufacturing sector among others, they are perceived as a perfect approach to accomplish noteworthy efficiencies and profit while giving the genuineness of a product. Furthermore, smart labels assist in traceability right from the warehouse, the distribution channels and throughout the supply chain.

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