The latest report by IMARC Group, titled “Smart Labels Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, finds that the global smart labels market size exhibited strong growth during 2015-2020. A smart label, also known as a smart tag, refers to a product identification technology that offers enhanced functionality as compared to the conventional bar code. In addition to product identification data, it carries information regarding the ingredients, manufacturer, and date of manufacturing. Furthermore, it helps in minimizing human errors by providing better traceability, automated reading, rapid and simultaneous identification, real-time location tracking, and re-programmability for a wide range of items. Nowadays, smart labels, such as QR codes, are being used by companies to offer customers a more seamless experience while shopping and interact with them after the initial purchase has been made.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Smart Labels Market Trends:
The applicability of smart labels in a wide range of industry verticals is one of the primary factors driving the market growth. In the healthcare sector, these labels aid in monitoring the use and disposal of drugs and controlling the inventory. They are also being used in assisted living facilities to track the location of patients, their body temperature and the dampness of dressings or diapers. Besides this, these labels offer enhanced and controlled inventory management for efficient tracking of goods by ensuring the supply-chain integrity in the logistics industry. Along with this, there has been a boost in demand for smart labels among e-commerce companies to reduce reliance on handheld scanners for extracting information on products, increase time efficiency, and reduce training and labor costs. Apart from this, smart labels containing inbuilt alarms are useful in eliminating or lowering the number of theft and shoplifting incidents. Furthermore, with the advent of the Internet of Things (IoT) technology, several companies are creating sensors that can be printed on smart labels at a lower cost as compared to silicon sensors. Looking forward, IMARC Group expects the global smart labels market to grow at a CAGR of around 14% during the forecast period (2021-2026).
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Avery Dennison Corporation
- CCL Industries Inc
- Checkpoints Systems, Inc
- Zebra Technologies Corporation
- Intermec, Inc.
- Invengo Information Technology Co Ltd
- Sato Holdings Corporation
- Thin Film Electronics ASA
- Smartrac N.V.
- Muehlbauer Holding AG
Smart Labels Market Segmentation:
Our report has categorized the market based on region, type, component type and end use industry.
Breakup by Type:
- RFID
- Electronic Article Surveillance
- Electronic Shelf Label
- Sensing Label
- Near Field Communication
Breakup by Component Type:
- Batteries
- Transceivers
- Microprocessors
- Memories
- Others
Breakup by End-user:
- Retail
- Logistics and Transportation
- Healthcare
- Food and Beverage
- Aerospace
- Data Centers
- Libraries
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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The global Smart Labels market was valued at USD 9.86 billion in 2019 and is expected to reach USD 28.26 billion by the year 2026, at a CAGR of 16.39%.
A smart label is an electronic responsive device that is embedded in the body of the product as an identification slip.
A smart label has a lot of advantages which include automated reading, quick identification, and reduced errors which are of easy access to the customers.
It helps them with a lot of inconveniences.Smart Labels is in high demand in the packaging industry, due to growth in the demand for product information through smart devices.
The global smart labels market is growing.
Because smart labels are in high demand in various applications, such as healthcare, & pharmaceuticals, logistics, retail inventory, food & beverages, and othersMajor Key Players Considered in the Smart Labels marketAvery Dennison Corporation, CCL Industries, Inc., Checkpoint Systems, Inc., Smartrac N.V., Zebra Technologies Corporation, Alien Technology Inc., Sato Holding Corporation, and Intermec Inc., CCL Industries, Inc., Avery Denison Corporation, Thin Film Electronics ASA, Smartrac N.V., and Checkpoint Systems, Inc.The company’s focus on the growth of its product portfolio and production capacity.
The latest trending report Global Smart Labels Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Smart Labels market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Smart Labels industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Smart Labels and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/49056-smart-labels-industry-analysis-reportThe major players covered in Smart Labels are: Checkpoint Systems (CCL) Fujitsu Tyco Sensormatic Avery Dennison Zebra Sato Holdings Corporation TAG Company SES (imagotag) Smartrac Honeywell Invengo Information Technology E Ink Paragon ID Multi-Color Corporation Alien Technology Century Displaydata Samsung PricerBy Type, Smart Labels market has been segmented into EAS Labels RFID Labels Sensing Labels Electronic Shelf Labels NFC TagsBy Application, Smart Labels has been segmented into: Automotive Healthcare & Pharmaceutical Logistic Retail Manufacturing OthersThe report offers in-depth assessment of the growth and other aspects of the Smart Labels market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Smart Labels Market @ https://www.decisiondatabases.com/contact/download-sample-49056The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Smart Labels product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Smart Labels, with price, sales, revenue and global market share of Smart Labels in 2018 and 2019.Chapter 3, the Smart Labels competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Smart Labels breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Smart Labels market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Smart Labels sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Smart Labels Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-49056Other Reports by DecisionDatabases.com:Global Logistics Labels Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Wine Labels Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Security Labels Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
