Global Smart Labels Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2027

Smart Labels Market 

In 2020, the global Smart Labels market size was USD 8085.8 Million and it is expected to reach USD 22850 Million by the end of 2027, with a CAGR of 16.0% during 2021-2027. The smart label market is expected to grow due to benefits such as the need to reduce food waste by tracking the quantity of each product, improved food safety by tracking movement throughout the supply chain, and the need to prevent counterfeit foods.

Smart labels are also playing an important role in consumer product marketing and advertising. As a result, the smart label market is expected to grow even faster.

Trends Influencing the Global Smart Labels Market

The use of smart labels to reduce food waste and improve food safety is a key trend driving the smart label market's growth. By tracing the freshness of the product and making information visible to customers and suppliers, these labels can help reduce food waste. As a result, measures to prevent food waste can be taken. Smart labels also add a functional element to packaging by giving everyday products a unique digital identity that can be used to connect supply chains, optimise inventory, create a unique consumer experience, and protect products from theft and counterfeiting. This factor is expected to contribute to the growth of the smart label market.

Manufacturers are increasingly incorporating smart labels into their food packaging. Customers' growing interest in the ethical credentials and health benefits of food and beverages is a growing market trend. More data about the health and ethics of food and beverages can be presented thanks to smart labels' increased information capacity. As a result, the smart label market is expected to grow.

These labels are important in consumer product marketing and advertising, as well as enabling smart supply chains. This can be done by providing product information and analysing consumer purchasing patterns based on the data collected by these labels. Cost-cutting across the supply chain by manufacturers to get closer to the nearest level of efficiency has boosted demand and prompted proactive adoption of these solutions in the individual end-user industry to gain the first-mover advantage. This factor is expected to help the smart label market grow even faster.

Top Companies in the Smart Labels Market

Global Smart Labels key players include Checkpoint Systems (CCL), Avery Dennison, Sato Holdings Corporation, Tyco Sensormatic, Smartrac, etc. Global top five manufacturers hold a share over 35%. China, India and South Asia are the main markets, with a share over 50%.

Smart Labels Market Share

Based on type, the RFID segment is expected to be the most lucrative. Based on application, the Retail segment is expected to be the most lucrative. The retail industry was one of the first to adopt RFID technology, and it now produces the most labels and tags. Based on region, Due to an increase in potential start-ups, an increase in disposable income, an increase in urbanisation and industrialization, and an increase in the retail and health and pharmaceutical industries, Asia Pacific is expected to be the most profitable.

By Type

• EAS Labels
• RFID Labels
• Sensing Labels
• Electronic Shelf Labels
• NFC Tags

By Application

• Automotive
• Healthcare & Pharmaceutical
• Logistic
• Retail
• Manufacturing
• Others

By Region

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Southeast Asia
• Australia
• Rest of Asia-Pacific
• Europe
• Germany
• France
• UK.
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

Smart Labels market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Smart Labels product introduction, recent developments, Smart Labels sales by region, type, application and by sales channel.

Key Companies

• Checkpoint Systems (CCL)
• Avery Dennison
• Sato Holdings Corporation
• Tyco Sensormatic
• Smartrac
• SES (imagotag)
• Zebra
• Fujitsu
• Honeywell
• TAG Company
• Paragon ID
• Century
• Pricer
• Alien Technology
• Invengo Information Technology
• Multi-Color Corporation
• Samsung
• E Ink
• Displaydata

Scope of Smart Lables Market Report