Smart Label Market Assumptions, Product Outlook and Value Chain Analysis

Felton, Calif., USA, Sep 24, 2021 — /EPR Network/ —

The global Smart Label Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

The global smart label market size is expected to value at USD 16.12 billion by 2025. The market is subject to witness a substantial growth due to the growing implementation of smart label identification methods over conventional labeled identification method. Other factors responsible for the sustained growth of smart label market include cost effectiveness and wide accessible range of products.

Key Players:

• Avery Dennison Corporation
• CCL Industries, Inc
• Alien Technology, Inc
• Sato Holdings Corporation
• Checkpoint Systems, Inc
• Smartrac N.V.
• Muhlbauer Holding AG & Co. Ltd
• ASK SA
• Thin Film Electronics ASA
• Intermec Inc
• Alien Technology, Inc
• Invengo Information Technology Co. Ltd.

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Growth Drivers:

The rising demand of smart labels from various sectors such as hospitals, surgical clinics, treatment centers, and various labs, in order to achieve precise results and consistent performance, is driving the market growth. Increasing popularity of smart labeling technique among end-users is one of the major driving factors for the expansion of the smart label market, in the recent years. Globally, the smart label industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market

Smart labels are designed in order to store, monitor and transmit digital information that helps in reducing overall tracking time. Smart labels help to minimize human intervention and errors during various industrial process, owing to their high-end precision and efficiency. The smart label offers advanced solutions for challenges such as theft and shoplifting faced by retailers and manufacturers by delivering anti-theft and anti-counterfeit system.

The demand for identification and diagnostic of compound and bio-chemical substances on account of vast number of fields such as drugs, atmospheric analysis, bio-technology, health care and food analysis, military and residential airborne organic and compound agent testing and real time compound and biological manufacturing process monitoring, is gaining a higher traction.

Application Outlook:

• Retail Inventory
• Perishable Goods
• Electronic & IT Assets
• Equipment
• Pallets Tracking

End-user Outlook:

• Automotive
• Fast Moving Consumer Goods (FMCG)
• Healthcare & pharmaceutical
• Logistic
• Retail
• Manufacturing

Regional Outlook:

The smart label market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in labeling industry, prevalence of incidences involving shop theft and shoplifting, and existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the smart label industry with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with rapid urbanization, rising disposable income, growing economic trends, and significant investment by leading industry players considering potential growth opportunities in the region.

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