About Smart Labels
A smart label, also known as a smart tag, is an item identification slip that consists of more advanced technologies as compared to conventional bar code data. Smart labels are made from fabric, plastic and paper. They are used as chip labels, printable labels, and electronic labels in various industries. The market for smart labels is growing due to growth in industries such as retail, healthcare and manufacturing,The most efficient advancements in the smart labels technology are electronic article surveillance tags and rise in demand of various automated labels such as RFID, QR Code and EAS.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 11.09% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Smart Labels market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Avery Dennison Corporation (United States), CCL Industries Inc. (Canada), Zebra Technologies Corporation (United States), Sato Holdings Corporation (Japan), Checkpoint Systems Inc. (United States), Smartrac N.V. (Netherlands), ASK S.A. (France), Muhlbauer Holding AG & Co. Ltd. (Germany), Thin Film Electronics ASA (Norway), Intermec Inc. (Honeywell International Inc.) (United States), Displaydata Ltd. (United Kingdom) and William Frick & Company (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Alien Technology Inc. (United States), Invengo Information Technology Co. Ltd. (Singapore), Graphic Label Inc. (United States), American Label & Tag Inc. (United States) and Creative Labels Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Smart Labels market by , Application (Retail Inventory , Perishable Goods , Electronic & It Assets , Pallets Tracking and Equipment ) and Region.
On the basis of geography, the market of Smart Labels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. EAS Labels will boost the Smart Labels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Automotive will boost the Smart Labels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Demand for Security and Tracking Solutions, Increasing Use of the Smart Labels in Merchandise and Asset Tracking and Consumer Inclination to Know Much More Information About Product
Market Growth Drivers:
Increasing Industry Consolidation & Growing Technological Proliferation of Smart Label Products, Hiking Demand for Item Identification and Reliable Anti-Theft Devices and Increasing Disposable Income in the Various Countries Such as India, China and South Korea
Challenges:
The Cost Associated with Installation of the Smart Label in Emerging Economies and Reflection and Absorption of Rf Signals By Metallic and Liquid Objects
Restraints:
Lack of Standards and Additional Cost Incurred Due to the Use of Smart Labels
Opportunities:
Rising Retail Sector Worldwide, Technological Advancements in Printed Electronics and Adoption of New Technologies Such as Electronic Shelf/Dynamic Display Labels
Key Target Audience
Package & Labels Manufacturers, Healthcare & Pharmaceutical Institutes, Retail Shops & Outlets, Manufacturing Organizations, Automotive & Parts Manufacturers and Packaging Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.