Smart Labels Market Size Was Valued at USD 18.1 Billion in 2023 and is Projected to Reach USD 71.5 Billion by 2032, Growing at a CAGR of 16.49 % From 2024-2032.
The Smart labels market includes the development and deployment of superior labeling answers that contain technologies consisting of radio-frequency identification (RFID), near-area communication (NFC), and sensors to decorate the functionality and interactivity of conventional labels. Smart labels combine digital components into traditional labels to provide dynamic and actual-time statistics about merchandise, consisting of tracking, authentication, and environmental conditions. These labels can provide numerous features consisting of temperature tracking, stock control, and interactive content material available via smartphones or different gadgets. The adoption of clever labels is driven with the aid of their capability to enhance supply chain performance, enhance consumer engagement, and make certain product authenticity and safety.
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Some of the key players in Smart Labels Market include:
- Avery Dennison Corporation
- CCL Industries.
- Checkpoint Systems.
- Smartrac N.V.
- Zebra Technologies Corporation
- Alien Technology.
- Sato Holding Corporation
- Intermec Inc.
- Thin Film Electronics ASA
- Checkpoint Systems, Inc. and other major players.
The latest research on the Smart Labels Market provides a comprehensive overview of the market for the years 2024 to 2032. It gives a comprehensive picture of the global Smart Labels Market industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Smart Labels Market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses.
Smart Labels Market: Segmentation
By Technology Type
- EAS
- RFID
- Sensing
- ESL
- Near Field Communication (NFC) tags
By Application
- Retail Inventory
- Perishable Goods
- Electronics & IT Assets
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Developments in the Smart Labels Market:
- In July 2023, CCL Industries strengthened its European presence with the acquisition of Germany’s Faubel & Co. Nachf. GmbH, a pharmaceutical label business. This strategic move enhances CCL Industries’ organizational and operational capabilities, propelling its global expansion efforts. The acquisition underscores CCL Industries’ commitment to fortifying its foothold in the European market and signifies a significant step forward in its pursuit of global prominence.
- In January 2023, Avery Dennison unveiled its acquisition agreement with Thermopatch, a leading provider of labeling and embellishments for various industries. The deal positions Thermopatch under Avery Dennison’s RBIS Apparel Solutions division. This strategic move aims to capitalize on collective expertise, enhancing external embellishments. Thermopatch, based in Syracuse, New York, reported 2022 revenues of around $40 million, boasting approximately 200 employees across North America and Europe.
Scope of this Report:
• This report segments the global Insoluble Smart Labels Market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
• The report helps stakeholders understand the pulse of the Insoluble Smart Labels Market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.
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