Smart Labels Market Report, Share, Global Trends, Business Strategies and Forecast 2022-2027

Smart Labels Market

Smart Labels Market

The latest report by IMARC Group, titled β€œSmart Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on smart labels market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global smart labels market size reached US$ 8.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18 Billion by 2027, exhibiting a growth rate (CAGR) of 13.47% during 2022-2027.

Smart labels represent responsive electronic devices that are embedded in various products to offer enhanced functionality. They enable users to access detailed information regarding the ingredients, manufacturer, and manufacturing date of purchased items. In line with this, smart labels are integrated with a chip, antenna, bonded wires, etc., that minimize human errors by offering real-time location tracking, automated reading, re-programmability, etc., for goods. Consequently, they find extensive applications in several industries, such as manufacturing, food and beverage (F&B), healthcare, packaging, automotive, retail, etc.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Global Smart Labels Market Trends:

The growing penetration of high-speed internet connectivity is primarily driving the smart labels market. Additionally, the shifting consumer preferences from barcode-only labels towards these devices, owing to their numerous associated benefits, such as better reliability, accuracy, traceability, etc., are further catalyzing the market growth. Besides this, the widespread adoption of smart labels that aid in reducing shoplifting and theft, preventing criminals from breaking into drug stores to access prescription drugs, providing real-time visibility, etc., is acting as another significant growth-inducing factor. Moreover, the expanding e-commerce industry is also positively influencing the global market. Apart from this, the introduction of Big Data, the Internet of Things (IoT), digital printing, etc., have enabled the leading manufacturers to develop sensors printed on product variants at a lower cost than their silicon alternatives, which is anticipated to fuel the smart labels market over the forecasted period.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/smart-labels-market

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Avery Dennison Corporation
  • CCL Industries Inc
  • Checkpoints Systems, Inc
  • Zebra Technologies Corporation
  • Intermec, Inc.
  • Invengo Information Technology Co Ltd
  • Sato Holdings Corporation
  • Thin Film Electronics ASA
  • Smartrac N.V.
  • Muehlbauer Holding AG

Smart Labels Market Segmentation:

Our report has categorized the market based on region, type, component type and end use industry.

Breakup by Type:

  • RFID
  • Electronic Article Surveillance
  • Electronic Shelf Label
  • Sensing Label
  • Near Field Communication

Breakup by Component Type:

  • Batteries
  • Transceivers
  • Microprocessors
  • Memories
  • Others

Breakup by End-user:

  • Retail
  • Logistics and Transportation
  • Healthcare
  • Food and Beverage
  • Aerospace
  • Data Centers
  • Libraries
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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