Smart Label Trends and Forecast
The future of the global smart label market looks promising with opportunities in the retail, healthcare, and logistic markets. The global smart label market is expected to reach an estimated $21.2 billion by 2030 with a CAGR of 13.6% from 2024 to 2030. The major drivers for this market are increased demand to lower theft and shoplifting, rising use of smartphones' built-in QR code reading capabilities, as well as, growing need in monitoring and security solutions for smart labels.Smart Label by Segment
The study includes a forecast for the global smart label by product type, application, end use, and region.Smart Label Market by Product Type [Shipment Analysis by Value from 2018 to 2030]
- RFID
- Electronic Article Surveillance Label
- Sensing Label
- Dynamic Display Label
Smart Label Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Retail Inventory
- Perishable Goods
- Others
Smart Label Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Retail
- Healthcare
- Logistics
- Others
Smart Label Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Smart Label Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart label companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart label companies profiled in this report include-- Advantech
- Alien Technology
- Graphic Label
- AVERY DENNISON
- CGL Industries
- Meuhlbauer Holdings
- Zebra Technologies
Smart Label Market Insights
The publisher forecasts that RFID will remain the largest segment over the forecast period because the features includes automated data collection, real-time tracking, and information accuracy are available, and for supply chain and inventory management, RFID is strongly recommended for maintaining synchronized records.North America is expected to witness highest growth over the forecast period due to growing demand from major manufacturers and distributors, rising labor costs and concerns about price integrity, and the expanding use of smart labels in asset monitoring and merchandise applications.
Features of the Global Smart Label Market
- Market Size Estimates: Smart label market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Smart label market size by product type, application, end use, and region in terms of value ($B).
- Regional Analysis: Smart label market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, application, end use, and regions for the smart label market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart label market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the smart label market size?Answer: The global smart label market is expected to reach an estimated $21.2 billion by 2030.
Q2. What is the growth forecast for smart label market?
Answer: The global smart label market is expected to grow with a CAGR of 13.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the smart label market?
Answer: The major drivers for this market are increased demand to lower theft and shoplifting, rising use of smartphones' built-in QR code reading capabilities, as well as, growing need in monitoring and security solutions for smart labels.
Q4. What are the major segments for smart label market?
Answer: The future of the global smart label market looks promising with opportunities in the retail, healthcare, and logistic markets.
Q5. Who are the key smart label market companies?
Answer: Some of the key smart label companies are as follows:
- Advantech
- Alien Technology
- Graphic Label
- AVERY DENNISON
- CGL Industries
- Meuhlbauer Holdings
- Zebra Technologies
Answer: The publisher forecasts that RFID will remain the largest segment over the forecast period because the features includes automated data collection, real-time tracking, and information accuracy are available, and for supply chain and inventory management, RFID is strongly recommended for maintaining synchronized records.
Q7. In smart label market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing demand from major manufacturers and distributors, rising labor costs and concerns about price integrity, and the expanding use of smart labels in asset monitoring and merchandise applications.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the smart label market by product type (RFID, electronic article surveillance label, sensing label, and dynamic display label), application (retail inventory, perishable goods, and others), end use (retail, healthcare, logistics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Smart Label Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advantech
- Alien Technology
- Graphic Label
- AVERY DENNISON
- CGL Industries
- Meuhlbauer Holdings
- Zebra Technologies
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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