Global Smart Labels Market Size, Share, Growth, Analysis Forecast to 2030

April 21 13:37 2022
Smart labels market is expected to grow at exponential 18.41% CAGR through 2030 | Global smart labels market analysis by type, application, end-use industry and region with forecast by 2030 | Smart labels industry overview

Market Overview

Global Smart Labels Market was valued at $5,428 million in 2017 and is expected to reach $13,671 million by 2027, registering a CAGR of 16.6% during the ongoing forecast period. Smart Labels Market, created by Grocery Manufacturers Association (GMA), has gained traction in the packaging industry, owing to growth in the demand for product information through smart devices. These labels act as the innovative transparent label associated with digital technology and smart devices that enable consumers to access a piece of detailed information about their products. The growth of the global smart labels market will enable consumers to gain enhanced information visibility on the purchased products. Due to the enterprises ‘ security concerns, an increase in demand for effective anti-theft devices contributes to the significant rise in the demand for the global smart labels industry.

Moreover, a significant rise in consolidated industries and technological advancements associated with the use in various applications, such as healthcare, & pharmaceuticals, logistics, retail inventory, food & beverages, and others, have further boosted the growth of the global smart labels market. Thus, the features of smart labels, like real-time location tracing, re-programmability, and others like simultaneous identification & detailed information, are expected to fuel the demand for the global smart labels industry in various sectors during the forecast period.

Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/1294

The global smart labels market has witnessed an increase in adoption in the packaging industry, owing to the ability to provide detailed information to customers about products using digital technology and smart devices.

Market Segmentation

The global smart labels market is segmented based on the product type, application, end-user industry, and geography.

Based on the type, it is classified into radio frequency identification (RFID), electronic article surveillance labels (EAS), sensing labels, and others like dynamic display labels.

The global smart labels market is categorized into retail inventory, perishable goods, and pallets tracking equipment and IT assets.

Speak to analyst: https://www.marketresearchfuture.com/ask_for_schedule_call/1294

Based on the end-user industry

The global industry is divided into retail, health & pharmaceuticals, food & beverage, logistics, fast-moving consumer goods that as FMCG, and others like automotive.

Geographically, the global smart labels market is functional across North America, Europe, Asia-Pacific, and LAMEA.

Regional Analysis

North America is the largest market for smart labels globally, with the United States accounting for a significant region share. The country’s huge market can be attributed to the vast presence of small and big retail stores.

The presence of retail giants, such as Walmart, lead the United States market. This is driving the upsurge in activity, mainly contributing to the growth of smart labels in the country. Walmart, in the US has been placing electronic identification tags on products like men’s clothing, like jeans, as the retailer tries to gain more control over its inventory.

Some of the prominent market players are mentioned as follows:

  • Invengo Information Technology Co., Ltd.
  • Zebra Technologies
  • Graphic Label, Inc.
  • SATO Holdings

Industry News

In November 2020, one of the prominent market companies – Saanbuy Inc., introduced the SmartLabel tool in Canada. The tool helps the consumers complete access to detailed information about the products by scanning the QR code printed on the packages.

Browse full Report: https://www.marketresearchfuture.com/reports/smart-labels-market-1294

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: market research future.
Email: Send Email
Phone: 16468459312
Address:Market Research Future Office No. 528, Amanora Chambers
City: Pune
State: Maharashtra,
Country: India
Website: https://www.marketresearchfuture.com/reports/smart-labels-market-1294