Global Smart Labels Market Overview:
A smart label, also known as a smart tag, is an item identification slip that consists of more advanced technologies as compared to conventional bar code data. Smart labels are made from fabric, plastic and paper. They are used as chip labels, printable labels, and electronic labels in various industries. The market for smart labels is growing due to growth in industries such as retail, healthcare and manufacturing,The most efficient advancements in the smart labels technology are electronic article surveillance tags and rise in demand of various automated labels such as RFID, QR Code and EAS.
As per latest study released by AMA Research, the Global Smart Labels market is expected to see growth rate of 11.09% and may see market size of USD12.2 Billion by 2030.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Surging Demand for Security and Tracking Solutions, Increasing Use of the Smart Labels in Merchandise and Asset Tracking and Consumer Inclination to Know Much More Information About Product
Market Growth Drivers:
Increasing Industry Consolidation & Growing Technological Proliferation of Smart Label Products, Hiking Demand for Item Identification and Reliable Anti-Theft Devices and Increasing Disposable Income in the Various Countries Such as India, China and South Korea
Challenges:
The Cost Associated with Installation of the Smart Label in Emerging Economies and Reflection and Absorption of Rf Signals By Metallic and Liquid Objects
Restraints:
Lack of Standards and Additional Cost Incurred Due to the Use of Smart Labels
Opportunities:
Rising Retail Sector Worldwide, Technological Advancements in Printed Electronics and Adoption of New Technologies Such as Electronic Shelf/Dynamic Display Labels
Competitive Landscape:
Some of the key players profiled in the report are Avery Dennison Corporation (United States), CCL Industries Inc. (Canada), Zebra Technologies Corporation (United States), Sato Holdings Corporation (Japan), Checkpoint Systems Inc. (United States), Smartrac N.V. (Netherlands), ASK S.A. (France), Muhlbauer Holding AG & Co. Ltd. (Germany), Thin Film Electronics ASA (Norway), Intermec Inc. (Honeywell International Inc.) (United States), Displaydata Ltd. (United Kingdom) and William Frick & Company (United States). Additionally, following companies can also be profiled that are part of our coverage like Alien Technology Inc. (United States), Invengo Information Technology Co. Ltd. (Singapore), Graphic Label Inc. (United States), American Label & Tag Inc. (United States) and Creative Labels Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Smart Labels market by 2030. Considering Market by Technology, the sub-segment i.e. EAS Labels will boost the Smart Labels market. Considering Market by Industry Verticals, the sub-segment i.e. Automotive will boost the Smart Labels market.
What Can be Explored with the Smart Labels Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Smart Labels Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Smart Labels
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Labels market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Labels market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Package & Labels Manufacturers, Healthcare & Pharmaceutical Institutes, Retail Shops & Outlets, Manufacturing Organizations, Automotive & Parts Manufacturers and Packaging Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.