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Smart Label Market Trends, Growth, Industry & Revenue [2030]
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Smart Label Market Trends, Growth, Industry & Revenue [2030]

Segments - Smart Label Market by Technologies (Electronic Article Surveillance (EAS), RFID, Sensing Label, NFC, and Electronic Shelf Label (ESL)), End-users (Retail, Healthcare & Pharmaceutical, Logistics, Manufacturing, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3670 | 4.2 Rating | 81 Reviews | 181 Pages | Format : PDF Excel PPT

Report Description


The global smart label market size is anticipated to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing customer disposable income.

Smart label is also called smart tag. A smart label is an item identification slip that contains more advanced technologies than conventional bar code data. QR codes is the most common improvement in smart labels. The QR code provides easy access to information through a smartphone or other device equipped with a barcode reader. Chip labels, printable labels, and electronic labels are the types of smart label. Smart labels are mainly used in retail, FMCG manufacturing, logistics, automotive, healthcare, and aerospace.

Global Smart Label Market Outlook

The COVID-19 pandemic smart label market has positively impacted on the market due to utilization of the smart labels in the healthcare industry to assist in inventory tracking and pharmaceutical waste disposal.

  • Increasing rapid Internet penetration is directly influencing the expansion of e-commerce, which is projected to drive the market growth during the forecast period.
  • Growing demand for healthcare packaging solutions is anticipated to drive the market growth during the forecast period.
  • Rising demand from FMCGs is projected to drive the market growth during the forecast period.
  • Expanding requirement for packaging solutions such as corrugated boxes and films that require proper labeling are expected to boost the market growth in the coming years.
  • Growing retail sector solutions is anticipated to drive the market growth during the forecast period.
  • Increasing population and rapid urbanization is expected to boost the market growth in the coming years.
  • Low mechanical susceptibility impacts the functioning, which is estimated to restrict the market growth in the coming years.
  • Lack of coherent privacy regulations can restrict the market growth.
  • Rising application of RFID sensing labels in various segments can create lucrative opportunities during the forecast period.

Scope of the Smart Label Market Report

The report on the global smart label market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Label Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (Electronic Article Surveillance (EAS), RFID, Sensing Label, NFC, and Electronic Shelf Label (ESL)) and End-users (Retail, Healthcare & Pharmaceutical, Logistics, Manufacturing, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Avery Dennison Corporation; Sato Holdings Corporation; CCL Industries; William Frick & Company; and Honeywell International Inc.

Smart Label Market Segment Insights

RFID segment to hold a significant market share

Based on technologies, the market is divided into electronic article surveillance (EAS), RFID, sensing label, NFC, and electronic shelf label (ESL). The electronic article surveillance (EAS) segment is anticipated to hold a key share of the market in the coming years. EAS prevents theft and is easy to operate, inexpensive, and improves customer shopping experience. However, the RFID segment is anticipated to expand at a rapid pace during the forecast period owing to use in maintaining inventory management and supply chain management systems.

Healthcare & pharmaceutical segment is expected to grow at a rapid pace

On the basis of end-users, the market is divided into retail, healthcare & pharmaceutical, logistics, manufacturing, and others. The retail segment is expected to represent a major share of the market in the coming years due to changing lifestyles and increased per capita disposable income, which are driving up demand for meat, poultry, and seafood, helping allied industries for branding and labeling. On the other hand, the healthcare & pharmaceutical segment is anticipated to expand at a rapid pace during the forecast period owing to more efficient management of hospitals and reduces the risk of errors while dispensing medications.

Global Smart Label Market End Users

North America is estimated to account a major market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to rising penetration of smart labels in merchandise and asset tracking applications. However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period as they have strong economic growth, low labour costs, and investment in the retail sector.

Segments

The global smart label market has been segmented on the basis of

Technologies

  • Electronic Article Surveillance (EAS)
  • RFID
  • Sensing Label
  • NFC
  • Electronic Shelf Label (ESL)

End-users

  • Retail
  • Healthcare & Pharmaceutical
  • Logistics
  • Manufacturing
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the smart label market includes Avery Dennison Corporation; Sato Holdings Corporation; CCL Industries; William Frick & Company; and Honeywell International Inc.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

Global Smart Label Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Label Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Label Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Label Market - Supply Chain
  4.5. Global Smart Label Market Forecast
     4.5.1. Smart Label Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Label Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Label Market Absolute $ Opportunity
5. Global Smart Label Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Smart Label Market Size and Volume Forecast by End Users
     5.3.1. Retail Healthcare & Pharmaceutical Logistics Manufacturing Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Smart Label Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Label Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Label Demand Share Forecast, 2019-2026
7. North America Smart Label Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Label Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Label Market Size and Volume Forecast by End Users
     7.4.1. Retail Healthcare & Pharmaceutical Logistics Manufacturing Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Label Demand Share Forecast, 2019-2026
8. Latin America Smart Label Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Label Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Label Market Size and Volume Forecast by End Users
     8.4.1. Retail Healthcare & Pharmaceutical Logistics Manufacturing Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Label Demand Share Forecast, 2019-2026
9. Europe Smart Label Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Label Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Label Market Size and Volume Forecast by End Users
     9.4.1. Retail Healthcare & Pharmaceutical Logistics Manufacturing Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Label Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Label Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Label Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Label Market Size and Volume Forecast by End Users
     10.4.1. Retail Healthcare & Pharmaceutical Logistics Manufacturing Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Label Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Label Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Label Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Label Market Size and Volume Forecast by End Users
     11.4.1. Retail Healthcare & Pharmaceutical Logistics Manufacturing Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Label Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Label Market: Market Share Analysis
  12.2. Smart Label Distributors and Customers
  12.3. Smart Label Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Avery Dennison Corporation Sato Holdings Corporation CCL Industries William Frick & Company Honeywell International Inc.

Methodology

Our Clients

Pfizer
Siemens Healthcare
The John Holland Group
Deloitte
Honda Motor Co. Ltd.
General Electric
FedEx Logistics
Dassault Aviation