Global Smart Labels Market, By Technology (RFID, Electronic Article Surveillance Label, Sensing Label, Dynamic Display Label), Components (Batteries, Transceivers, Microprocessors, Others), Application (Retail Inventory, Perishable Goods, Others), End-user Industry (Food and Beverage, Healthcare and Pharmaceutical, Automotive, FMCG, Logistics, Retail, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Smart Labels Market
The smart labels market is expected to witness market growth at a rate of 17.12% in the forecast period of 2021 to 2028. Data Bridge Market Research report on Smart Labels Market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand from the end use industry is escalating the growth of smart labels market.
Smart labels refer to the type of labels that are produced from paper or fabric and plastic. These labels are also called smart tag and lie under the conventional print-coated label. They consist of chips, antenna and bonded wires. These are utilized as electronic labels, printable labels and chip among others.
The rise in the need for reducing tracking time across various industries, acts as one of the major factors driving the growth of smart labels market. The rise in adoption of the smart labels as they specifically designed to provide numerous features such as quick identification, high tolerance, automated reading, reduced errors and re-programmability, and the increase in use of the labels for protection against theft, loss, and counterfeiting accelerate the market growth. The inclination towards these labels over conventional bar code systems in several sectors such as logistics, retail and FMCG among others and increase in demand for the labels as they are considered reliable and easy real-time tracking further influence the market. Additionally, lack of Human Intervention, urbanization and industrialization, high adoption in in logistics surge in disposable income, expansion of end use industries and increase in demand from healthcare, automotive, and chemical sectors positively affect the smart labels market. Furthermore, technological advancements in printed electronics and advent of new technologies such as electronic shelf extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, the issues with additional cost due to the use of smart labels and lack of standards are the factors expected to obstruct the market growth. The concerns regarding the reflection and absorption of RF signals by liquid and metallic objects and low price of printed electronics are projected to challenge the smart labels market in the forecast period of 2021-2028.
This smart labels market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on smart labels market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Smart Labels Market Scope and Size
The smart labels market is segmented on the basis of product technology, components, application and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of technology, the smart labels market is segmented into RFID, electronic article surveillance label, sensing label and dynamic display label.
- On the basis of components, the smart labels market is segmented into batteries, transceivers, microprocessors and others
- On the basis of application, the smart labels market is segmented into retail inventory, perishable goods and others.
- On the basis of end user industry, the smart labels market is segmented into food and beverage, healthcare and pharmaceutical, automotive, FMCG, logistics, retail and others.
Global Smart Labels Market Country Level Analysis
The smart labels market is analyzed and market size, volume information is provided by country, product technology, components, application and end user industry as referenced above.
The countries covered in the global smart labels market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the smart labels market and is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the rapid urbanization in developing regions, growing demand for smart label in end-user industries and economic development in countries such as China, Japan, and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Labels Market Share Analysis
The smart labels market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart labels market.
The major players covered in the smart labels market report are Advantech Co., Ltd., Alien Technology, LLC, AVERY DENNISON CORPORATION, CCL Industries., GLI, LLC., Invengo Technology Pte. Ltd, Mühlbauer Group, SATO HOLDINGS CORPORATION., Checkpoint Systems, Inc., Smartrac Technology GmbH, METRA BLANSKO s.r.o., and William Frick & Company, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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