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Global Smart Labels Market Size, Share, Trends, Forecast: By Technology: Radio-Frequency Identification (RFID), Electronic Article Surveillance (EAS), Electronic Shelf Label (ESL), Sensing Labels, Near Field Communication (NFC), Others; By Component: Batteries, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Smart Labels Market Analysis
The applicability of smart labels in a broad range of vertical sectors is among the key factors boosting the smart labels market development. In the healthcare industry, these labels help to track the use and storage of medications and to regulate the inventory. They are also used in assisted living facilities to monitor the position of patients, their body temperature, and the dampness of dressings or diapers. In addition, these labels provide improved and managed inventory management for the efficient monitoring of products by maintaining the credibility of the supply chain in the logistics industry. In addition, the demand for smart labels among e-commerce companies has been boosted to reduce the reliance on handheld scanners to collect product information, improve time productivity, and reduce training and labour costs. Smart labels containing built-in alarms are useful for preventing robberies and shoplifting incidents. In addition, with the introduction of Internet of Things (IoT) technology, many companies are developing sensors that can be printed on smart labels at a lower cost compared to silicone sensors. These factors are expected to propel the growth of the smart labels market in the coming years.
Smart Labels Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Labels Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Labels Historical Market (2018-2023)
8.3 Global Smart Labels Market Forecast (2024-2032)
8.4 Global Smart Labels Market by Technology
8.4.1 Radio-Frequency Identification (RFID)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Electronic Article Surveillance (EAS)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Electronic Shelf Label (ESL)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Sensing Labels
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Near Field Communication (NFC)
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Smart Labels Market by Component
8.5.1 Batteries
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Transceivers
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Microprocessors
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Memories
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Smart Labels Market by End Use
8.6.1 Retail
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Logistics and Transportation
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Healthcare
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Food and Beverage
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Aerospace
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Data Centres and Libraries
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Smart Labels Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Smart Labels Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Labels Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Labels Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Labels Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Labels Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Avery Dennison Corporation
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 CCL Industries Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Smartrac Technology GmbH
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Mühlbauer Group
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Checkpoint Systems, Inc
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Zebra Technologies Corp
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Labels Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Labels Historical Market: Breakup by Technology (USD Billion), 2018-2023
3. Global Smart Labels Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4. Global Smart Labels Historical Market: Breakup by Component (USD Billion), 2018-2023
5. Global Smart Labels Market Forecast: Breakup by Component (USD Billion), 2024-2032
6. Global Smart Labels Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Smart Labels Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Smart Labels Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Smart Labels Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Smart Labels Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Smart Labels Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Smart Labels Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Smart Labels Market Forecast: Breakup by Country (USD Billion), 2024-2032Mi
18. Middle East and Africa Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Smart Labels Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Smart Labels Market Structure
Key Questions Answered in the Report
In 2023, the global smart labels market attained a value of USD 10.41 billion.
The market is expected to grow at a CAGR of 12.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 30.05 billion by 2032.
The major drivers of the market are growing adoption of smart labels by healthcare and ecommerce industries, and rising disposable incomes.
The adoption of Internet of Things (IoT) technology and introduction of smart labels with built-in alarms to prevent shoplifting and robbery are the key trends guiding the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading technologies in the market are radio-frequency identification (RFID), electronic article surveillance (EAS), electronic shelf label (ESL), sensing labels, and near field communication (NFC), among others.
The significant components of smart labels in the market are batteries, transceivers, microprocessors, and memories.
Retail, logistics and transportation, healthcare, food and beverage, aerospace, and data centres and libraries, among others, are the major end uses in the market.
The leading players in the global smart labels market are Avery Dennison Corporation, CCL Industries Inc., Smartrac Technology GmbH, Mühlbauer Group, Checkpoint Systems, Inc, and Zebra Technologies Corp, among others.
Analyst Review
The global smart labels market attained a value of USD 10.41 billion in 2023 driven by the adoption of the product by ecommerce and healthcare sectors. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 12.5%. The market is projected to reach USD 30.05 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on technology, the smart labels market can be segmented into radio-frequency identification (RFID), electronic article surveillance (EAS), electronic shelf label (ESL), sensing labels, and near field communication (NFC), among others. On the basis of component, the market is divided into batteries, transceivers, microprocessors, and memories. Retail, logistics and transportation, healthcare, food and beverage, aerospace, and data centres and libraries, among others are the major end-use sectors in the market. The major regional markets for smart labels are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa., with North America accounting for the largest share of the market. The key players in the above market include Avery Dennison Corporation, CCL Industries Inc., Smartrac Technology GmbH, Mühlbauer Group, Checkpoint Systems, Inc, Zebra Technologies Corp, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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