Global smart labels market accounted for a market revenue of USD 7 billion in the year 2019 and is projected to grow at a CAGR of more than 12% over the forecast period. Items with more sophisticated technologies than normal barcode data are referred to as an intelligent mark or smart labels. As has been noted at the moment, the snowballing demand for reliable anti-theft products is one of the drivers for growth on the global smart label market.
The growth of this market is being fuelled by increased urbanization with large volumes of disposable income in developing countries. The need for intelligent labels will increase further in future, despite the worldwide high demand for anti-stick products.
The global Smart Labels market is expected to develop US$ 24.8 Bn by 2030, at a compound annual increase in price (CAGR) of 11.2% throughout the forecast period.
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Because intelligent label requirements are constant and there are limits to the growth of the global smart label industry, due to lack of mechanical susceptibility.
Smart Labels Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | US$ 24.8 Bn |
| Growth Rate | CAGR of 11.2 % during 2020-2030 |
| Segment Covered | Product Type, Application, Regions |
| Regions Covered | By Labelling Technology, Printing Technology, Region. |
| Key Players Profiled | Honeywell International Inc., Avery Denison Corporation, CCL Industries Inc., Zebra Technologies Corporation, SATO Holdings Corporation, Checkpoint Systems Inc., Thin Film Electronics ASA, Muehlbauer Holding AG, Invengo Technology Pte. Ltd., OPRFID Technologies, MPI Label Systems |
Key Segment Of The Smart Labels Market
By Labelling Technology (USD Billion)
• RFID
• NFC Tags
• EAS
• Sensing Labels
• Electronics Shelf Labels
By Printing Technology, (USD Billion)
• Flexographic Smart Labels
• Digital Smart Labels
• Gravure Smart Labels
• Screen Smart Labels
By End Use, (USD Billion)
• Smart Labels for Healthcare
• Smart Labels for Automotive
• Smart Labels for FMCG
• Smart Labels for Logistics
• Smart Labels for Retail
• Others
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
the smart labels market is growing at a CAGR of 11.2% during the forecast period.
The major contenders in the global smart labels market Avery Dennison Corporation, CCL Industries, Inc., Zebra Technologies Corporation, Sato Holdings Corporation, Checkpoint Systems, Inc., Smartrac N.V., Muhlbauer Holding AG & Co. Ltd., ASK S. A., Thin Film Electronics ASA, Intermec Inc., Alien Technology, Inc.
Asia-Pacific dominated the market for smart labels market and accounted for the largest revenue share.
Smart labels are an identifying feed that offers more advanced technology with reprogrammable attributes and ERT tracking, as opposed to traditional bar code data. RFID labels and Electronic Product Surveillance (EAS) labels are the most common technologies for global smart labels. In the coming years, the global smart labels are expected to witness significant growth mainly due to the growing penetration of smart labels in merchandises and assets tracking applications. The growth of the global market for smart labels currently is driven by the increasing demand for secure anti-theft products.
In terms of tech the market is divided into Radio-Frequency Identification (RFID), Electronic Article Surveillance (EAS), Electronic Shelf Label (ESL), Sensing Labels, and Near Field Communication (NFC). In terms of component, the market is segmented into Batteries, Transceivers, Microprocessors, Memories, Others. Similarly, in terms of end –user the market, is divided into Retail, Logistics and Transportation, Healthcare, Food and Beverage, Aerospace, Data Centres and Libraries, Others
In terms of geography, the global 3D printing ceramic is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America and Europe is projected to lead the global market owing to advancement in the technology and presence of key industrial players.
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Key players include Avery Dennison Corporation, CCL Industries, Inc., Zebra Technologies Corporation, Sato Holdings Corporation, Checkpoint Systems, Inc., Smartrac N.V., Muhlbauer Holding AG & Co. Ltd., ASK S. A., Thin Film Electronics ASA, Intermec Inc., Alien Technology, Inc.