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Spoil Detection Based Smart Label Market Size, Trends [2031]
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Spoil Detection Based Smart Label Market Size, Trends [2031]

Segments - Spoil Detection Based Smart Label Market by Types (Vegetables, Fish, Meat, Dairy Processed Foods, Products, and Others), Applications (Healthcare and Food & Beverages), Products (Oxygen Indicator, Pathogen Indicator, Time-temperature Indicator, Carbon-dioxide Indicator, 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-3276 | 4.3 Rating | 76 Reviews | 193 Pages | Format : PDF Excel PPT

Report Description


The global spoil detection based smart label market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the ability to offer real-time data related to spoilage.

A smart label goes beyond traditional bar codes and with the help of sensor technologies, it becomes an important aspect of printed electronics. Smart labels with spoil detection account for a significant percentage of the printed electronics market, as they are widely utilized for grocery and other food & beverages product worldwide. While a substantial portion of the global population is dedicated to purchasing packaged foods, it has been found that customers consider it easy to read the complete product information recorded in a chip using their cellphones, computers, or scanners.

Global Spoil Detection Based Smart Label Market Summary

The COVID-19 outbreak has brought negative impact on the market. Due to the lockdown imposed by governments globally, the spoil detection based smart label market faced supply chain disruptions, which is likely to hamper the market expansion. The market is expected to recover soon as several industries resumed their operation owing to subsiding the COVID cases gradually worldwide.

  • Rising adoption for smart packaged foods is one of the key factors driving the market growth.
  • Increasing consumer population for purchasing of hygienic food products globally is expected to boost the market growth in the coming years.
  • Ability for detection of the degree of freshness in food material is anticipated to fuel the market expansion during the forecast period.
  • Lack of form factors and uniform standards related to product label presents a major challenge. This is anticipated to hamper the market growth in the projected period.
  • Stringent government regulations related to minimal food wastage is projected to create significant growth opportunities for the market in the near future.

Scope of Spoil Detection Based Smart Label Market Report

The report on the global spoil detection based 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

Spoil Detection Based Smart Label Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Vegetables, Fish, Meat, Dairy Processed Foods, Products, and Others), Applications (Healthcare and Food & Beverages), and Products (Oxygen Indicator, Pathogen Indicator, Time-temperature Indicator, Carbon-dioxide Indicator, 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

Invengo Information Technology Co., Ltd.; Zebra Technologies Corp.; Thinfilm Electronics ASA; Smartrac N.V.; Muehlbauer Holding AG & Co. KGAA; and SATO Holdings Corp.

Spoil Detection Based Smart Label Market Segment Insights

Fish segment to grow at a rapid pace

Based on types, the global spoil detection based smart label market is divided into vegetables, fish, meat, dairy processed foods, products, and others. The fish segment is expected to grow at a rapid pace during the forecast period owing to the regulation bodies worldwide, which inspired the use of labels in fishery products. However, the meat segment is anticipated to hold a key share of the market in the coming years due to the level of information provided on the label and package.

Global Spoil Detection Based Smart Label Market Types

Degree of freshness to drive the food & beverages segment

In terms of applications, the market is bifurcated into healthcare and food & beverage. The food & beverages segment is projected to expand at a considerable CAGR during the forecast period attributed to the ability to offer information related to degree of freshness. On the other hand, the healthcare segment is anticipated to account for a major market share during the forecast period due to rise in demand for pharmaceutical for maintaining safe product temperature range in cold chain goods during the handling, production, and administration.

Time-temperature indicator segment to hold significant market share

On the basis of products, the global spoil detection based smart label market is segmented into oxygen indicator, pathogen indicator, time-temperature indicator, carbon-dioxide indicator, and others. The time-temperature indicator segment is anticipated to hold significant market share in the coming years owing to wide usage in supply chain sectors, which helps in offering real-time data for analysis. However, the pathogen indicator segment is expected to register a considerable CAGR during the forecast period due to food safety concern among consumers and for assessment in overall sanitation.

North America to constitute a key market share

In terms of regions, the global spoil detection based smart label 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 attributed to increasing customer liking for hygienic food material in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to increasing demand for packaged food products across the region.

Global Spoil Detection Based Smart Label Market Region

Segments

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

Types

  • Vegetables
  • Fish
  • Meat
  • Dairy Processed Foods
  • Products
  • Others

Applications

  • Healthcare
  • Food & Beverages

Products

  • Oxygen Indicator
  • Pathogen Indicator
  • Time-temperature Indicator
  • Carbon-dioxide Indicator
  • Others

Regions

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

Key Players

Competitive Landscape

Key players competing in the global spoil detection based smart label market are Invengo Information Technology Co., Ltd.; Zebra Technologies Corp.; Thinfilm Electronics ASA; Smartrac N.V.; Muehlbauer Holding AG & Co. KGAA; and SATO Holdings Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.

Spoil Detection Based Smart Label Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spoil Detection Based 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. Spoil Detection Based 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. Spoil Detection Based Smart Label Market - Supply Chain
  4.5. Global Spoil Detection Based Smart Label Market Forecast
     4.5.1. Spoil Detection Based Smart Label Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Spoil Detection Based Smart Label Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Spoil Detection Based Smart Label Market Absolute $ Opportunity
5. Global Spoil Detection Based Smart Label Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Spoil Detection Based Smart Label Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Spoil Detection Based Smart Label Demand Share Forecast, 2019-2026
6. North America Spoil Detection Based Smart Label Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Spoil Detection Based Smart Label Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Spoil Detection Based Smart Label Demand Share Forecast, 2019-2026
7. Latin America Spoil Detection Based 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Spoil Detection Based Smart Label Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Spoil Detection Based Smart Label Demand Share Forecast, 2019-2026
8. Europe Spoil Detection Based 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. Europe Average Pricing Analysis
  8.2. Europe Spoil Detection Based Smart Label Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Spoil Detection Based Smart Label Demand Share Forecast, 2019-2026
9. Asia Pacific Spoil Detection Based 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Spoil Detection Based Smart Label Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Spoil Detection Based Smart Label Demand Share Forecast, 2019-2026
10. Middle East & Africa Spoil Detection Based 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Spoil Detection Based Smart Label Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Spoil Detection Based Smart Label Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Spoil Detection Based Smart Label Market: Market Share Analysis
  11.2. Spoil Detection Based Smart Label Distributors and Customers
  11.3. Spoil Detection Based Smart Label Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Invengo Information Technology Co., Ltd.
     11.4.2. Zebra Technologies Corp.
     11.4.3. Thinfilm Electronics ASA
     11.4.4. Smartrac N.V.
     11.4.5. Muehlbauer Holding AG & Co. KGAA
     11.4.6. SATO Holdings Corp.

Methodology

Our Clients

Pfizer
Honda Motor Co. Ltd.
FedEx Logistics
Microsoft
Nestle SA
Dassault Aviation
sinopec
The John Holland Group