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Smart Labels Market By Product Type, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 202 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751061
The global smart labels market was valued at $9 billion in 2021, and is projected to reach $39.2 billion by 2031, growing at a CAGR of 15.8% from 2022 to 2031. A smart label is a form of a flat identification slip which could be scanned through the smart device with scanner. The smart labels include QR codes, barcode tags, and Radio Frequency Identification (RFID) tags.

The adoption of smart labels has grown for the packaging industry owing to growth in demand for the access of product information at a single tap, which became easier due to adoption of smart labels. In addition, smart labels act as an innovative transparent label that can be associated with digital technology and smart devices, which are effective in enabling consumers to gain enhanced information visibility on the purchased products. Moreover, growth in demand for anti-theft devices because of the terms and conditions of the enterprises for security purposes contributes to the growth of the market.

Furthermore, the rise in consumer access toward smartphones is growing the adoption of the market. The significant growth seen for the consolidated industries along with the technological advancements associated with the use of smart labels in various industries such as food & beverage, retail, logistics, healthcare, and pharmaceuticals contributes towards the growth of the market.

However, lack of uniformity in standardized guidelines for smart labels is limiting the growth of the market.

In addition, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to a decline in the manufacturing of various equipment as well as their demand in the market, thereby restraining the growth of the market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of companies at their full-scale capacities, that helped the market to recover by the end of 2021.

On the contrary, the smart labels come along with various features such as re-programmability, real time location tracing and simultaneous identification along with further advancements in technology along with the rise in e-commerce sales offers lucrative growth opportunities for the global smart labels market.

The smart labels market is segmented on the basis of product type, application, end user and region. By product type, the smart labels market is fragmented into RFID, electronic article label, sensing label and dynamic display label. By application, the market is categorized into retail inventory and perishable goods. By end user, the market is divided into retail, healthcare, logistics and others.
. By region, the smart labels market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

In 2021, Europe was the highest contributor to the global smart labels market share, and LAMEA is anticipated to secure a leading position during the forecast period.

On the basis of product type, in 2021, the RFID segment dominated the smart labels market, in terms of revenue, and the sensing label segment is expected to witness growth at the highest CAGR during the forecast period. As per application, in 2021, the retail inventory segment led the smart labels market, and the digital segment is expected to exhibit the highest CAGR in the near future. By end user, the retail segment led the market in 2021, in terms of revenue and the perishable goods segment is anticipated to register highest CAGR during the forecast period. Region wise, Asia-Pacific garnered the highest revenue in 2021; and LAMEA is anticipated to register its highest CAGR during the forecast period.

COMPETITION ANALYSIS

Key companies profiled in the smart labels market report include Advantech, Alien Technology, AVERY DENNISON CORPORATION, CGL Industries Inc., Graphic Label, Inc., Invengo Information Technology Co., Ltd., Meuhlbauer Holdings AG & Co., SATO Holdings, Thin Film Technology and Zebra Technologies Corp.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart labels market analysis from 2021 to 2031 to identify the prevailing smart labels market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the smart labels market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global smart labels market trends, key players, market segments, application areas, and market growth Strategies.

Key Market Segments

By Product Type

  • RFID
  • Electronic Article Surveillance Label
  • Sensing Label
  • Dynamic Display Label

By Application

  • Retail Inventory
  • Perishable Goods

By End User

  • Retail
  • Healthcare
  • Logistics

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Zebra Technologies Corp.
  • Thin Film Technology
  • SATO Holdings
  • AVERY DENNISON CORPORATION
  • Meuhlbauer Holdings AG & Co.
  • Graphic Label, Inc.
  • Alien Technology
  • Invengo Information Technology Co., Ltd.
  • advantech
  • CGL Industries Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growth in number of industrial consolidations and technological explorations along with versatile benefits
3.4.1.2. Rapid Urbanization
3.4.2. Restraints
3.4.2.1. Poor Mechanical Susceptibility
3.4.3. Opportunities
3.4.3.1. Growing E-commerce industry
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: SMART LABELS MARKET, BY PRODUCT TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. RFID
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Electronic Article Surveillance Label
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Sensing Label
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Dynamic Display Label
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country

CHAPTER 5: SMART LABELS MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Retail Inventory
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Perishable Goods
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country

CHAPTER 6: SMART LABELS MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Retail
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Healthcare
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Logistics
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Others
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country

CHAPTER 7: SMART LABELS MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Product Type
7.2.3. Market size and forecast, by Application
7.2.4. Market size and forecast, by End User
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Product Type
7.2.5.1.3. Market size and forecast, by Application
7.2.5.1.4. Market size and forecast, by End User
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Product Type
7.2.5.2.3. Market size and forecast, by Application
7.2.5.2.4. Market size and forecast, by End User
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Product Type
7.2.5.3.3. Market size and forecast, by Application
7.2.5.3.4. Market size and forecast, by End User
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Product Type
7.3.3. Market size and forecast, by Application
7.3.4. Market size and forecast, by End User
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Product Type
7.3.5.1.3. Market size and forecast, by Application
7.3.5.1.4. Market size and forecast, by End User
7.3.5.2. France
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Product Type
7.3.5.2.3. Market size and forecast, by Application
7.3.5.2.4. Market size and forecast, by End User
7.3.5.3. UK
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Product Type
7.3.5.3.3. Market size and forecast, by Application
7.3.5.3.4. Market size and forecast, by End User
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Product Type
7.3.5.4.3. Market size and forecast, by Application
7.3.5.4.4. Market size and forecast, by End User
7.3.5.5. Rest of Europe
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Product Type
7.3.5.5.3. Market size and forecast, by Application
7.3.5.5.4. Market size and forecast, by End User
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Product Type
7.4.3. Market size and forecast, by Application
7.4.4. Market size and forecast, by End User
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Product Type
7.4.5.1.3. Market size and forecast, by Application
7.4.5.1.4. Market size and forecast, by End User
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Product Type
7.4.5.2.3. Market size and forecast, by Application
7.4.5.2.4. Market size and forecast, by End User
7.4.5.3. South Korea
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Product Type
7.4.5.3.3. Market size and forecast, by Application
7.4.5.3.4. Market size and forecast, by End User
7.4.5.4. India
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Product Type
7.4.5.4.3. Market size and forecast, by Application
7.4.5.4.4. Market size and forecast, by End User
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Product Type
7.4.5.5.3. Market size and forecast, by Application
7.4.5.5.4. Market size and forecast, by End User
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Product Type
7.5.3. Market size and forecast, by Application
7.5.4. Market size and forecast, by End User
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Product Type
7.5.5.1.3. Market size and forecast, by Application
7.5.5.1.4. Market size and forecast, by End User
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Product Type
7.5.5.2.3. Market size and forecast, by Application
7.5.5.2.4. Market size and forecast, by End User
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Product Type
7.5.5.3.3. Market size and forecast, by Application
7.5.5.3.4. Market size and forecast, by End User

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1. advantech
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. Alien Technology
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.3. AVERY DENNISON CORPORATION
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.4. CGL Industries Inc.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.5. Graphic Label, Inc.
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. Invengo Information Technology Co., Ltd.
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Meuhlbauer Holdings AG & Co.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Thin Film Technology
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. SATO Holdings
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. Zebra Technologies Corp.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance

List of Tables
Table 01. Global Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 02. Smart Labels Market for RFID, by Region, 2021-2031 (Revenue, $Million)
Table 03. Smart Labels Market for Electronic Article Surveillance Label, by Region, 2021-2031 (Revenue, $Million)
Table 04. Smart Labels Market for Sensing Label, by Region, 2021-2031 (Revenue, $Million)
Table 05. Smart Labels Market for Dynamic Display Label, by Region, 2021-2031 (Revenue, $Million)
Table 06. Global Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 07. Smart Labels Market for Retail Inventory, by Region, 2021-2031 (Revenue, $Million)
Table 08. Smart Labels Market for Perishable Goods, by Region, 2021-2031 (Revenue, $Million)
Table 09. Global Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 10. Smart Labels Market for Retail, by Region, 2021-2031 (Revenue, $Million)
Table 11. Smart Labels Market for Healthcare, by Region, 2021-2031 (Revenue, $Million)
Table 12. Smart Labels Market for Logistics, by Region, 2021-2031 (Revenue, $Million)
Table 13. Smart Labels Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 14. Smart Labels Market, by Region, 2021-2031 (Revenue, $Million)
Table 15. North America Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 16. North America Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 17. North America Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 18. North America Smart Labels Market, by Country, 2021-2031 (Revenue, $Million)
Table 19. U.S. Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 20. U.S. Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 21. U.S. Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 22. Canada Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 23. Canada Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 24. Canada Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 25. Mexico Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 26. Mexico Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 27. Mexico Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 28. Europe Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 29. Europe Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 30. Europe Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 31. Europe Smart Labels Market, by Country, 2021-2031 (Revenue, $Million)
Table 32. Germany Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 33. Germany Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 34. Germany Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 35. France Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 36. France Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 37. France Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 38. UK Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 39. UK Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 40. UK Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 41. Italy Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 42. Italy Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 43. Italy Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 44. Rest of Europe Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 45. Rest of Europe Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 46. Rest of Europe Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 47. Asia-Pacific Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 48. Asia-Pacific Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 49. Asia-Pacific Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 50. Asia-Pacific Smart Labels Market, by Country, 2021-2031 (Revenue, $Million)
Table 51. China Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 52. China Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 53. China Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 54. Japan Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 55. Japan Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 56. Japan Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 57. South Korea Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 58. South Korea Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 59. South Korea Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 60. India Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 61. India Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 62. India Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 63. Rest of Asia-Pacific Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 64. Rest of Asia-Pacific Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 65. Rest of Asia-Pacific Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 66. LAMEA Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 67. LAMEA Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 68. LAMEA Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 69. LAMEA Smart Labels Market, by Country, 2021-2031 (Revenue, $Million)
Table 70. Latin America Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 71. Latin America Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 72. Latin America Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 73. Middle East Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 74. Middle East Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 75. Middle East Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 76. Africa Smart Labels Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 77. Africa Smart Labels Market, by Application, 2021-2031 (Revenue, $Million)
Table 78. Africa Smart Labels Market, by End-user, 2021-2031 (Revenue, $Million)
Table 79. Advantech: Key Executives
Table 80. Advantech: Company Snapshot
Table 81. Advantech: Service Segments
Table 82. Advantech: Product Portfolio
Table 83. Alien Technology: Key Executives
Table 84. Alien Technology: Company Snapshot
Table 85. Alien Technology: Product Segments
Table 86. Alien Technology: Product Portfolio
Table 87. Avery Dennison Corporation: Key Executives
Table 88. Avery Dennison Corporation: Company Snapshot
Table 89. Avery Dennison Corporation: Product Segments
Table 90. Avery Dennison Corporation: Product Portfolio
Table 91. Cgl Industries Inc.: Key Executives
Table 92. Cgl Industries Inc.: Company Snapshot
Table 93. Cgl Industries Inc.: Service Segments
Table 94. Cgl Industries Inc.: Product Portfolio
Table 95. Graphic Label, Inc.: Key Executives
Table 96. Graphic Label, Inc.: Company Snapshot
Table 97. Graphic Label, Inc.: Service Segments
Table 98. Graphic Label, Inc.: Product Portfolio
Table 99. Invengo Information Technology Co. Ltd.: Key Executives
Table 100. Invengo Information Technology Co. Ltd.: Company Snapshot
Table 101. Invengo Information Technology Co. Ltd.: Service Segments
Table 102. Invengo Information Technology Co. Ltd.: Product Portfolio
Table 103. Meuhlbauer Holdings AG & Co.: Key Executives
Table 104. Meuhlbauer Holdings AG & Co.: Company Snapshot
Table 105. Meuhlbauer Holdings AG & Co.: Product Segments
Table 106. Meuhlbauer Holdings AG & Co.: Service Segments
Table 107. Meuhlbauer Holdings AG & Co.: Product Portfolio
Table 108. Thin Film Technology: Key Executives
Table 109. Thin Film Technology: Company Snapshot
Table 110. Thin Film Technology: Product Segments
Table 111. Thin Film Technology: Service Segments
Table 112. Thin Film Technology: Product Portfolio
Table 113. Sato Holdings: Key Executives
Table 114. Sato Holdings: Company Snapshot
Table 115. Sato Holdings: Service Segments
Table 116. Sato Holdings: Product Portfolio
Table 117. Zebra Technologies Corp.: Key Executives
Table 118. Zebra Technologies Corp.: Company Snapshot
Table 119. Zebra Technologies Corp.: Service Segments
Table 120. Zebra Technologies Corp.: Product Portfolio

List of Figures
Figure 01. Smart Labels Market, 2021-2031
Figure 02. Segmentation of Smart Labels Market, 2021-2031
Figure 03. Top Investment Pockets in Smart Labels Market (2022-2031)
Figure 04. Low Bargaining Power of Suppliers
Figure 05. Low Bargaining Power of Buyers
Figure 06. Low Threat of Substitutes
Figure 07. Low Threat of New Entrants
Figure 08. Low Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalsmart Labels Market
Figure 10. Smart Labels Market, by Product Type, 2021(%)
Figure 11. Comparative Share Analysis of Smart Labels Market for RFID, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Smart Labels Market for Electronic Article Surveillance Label, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Smart Labels Market for Sensing Label, by Country 2021-2031(%)
Figure 14. Comparative Share Analysis of Smart Labels Market for Dynamic Display Label, by Country 2021-2031(%)
Figure 15. Smart Labels Market, by Application, 2021(%)
Figure 16. Comparative Share Analysis of Smart Labels Market for Retail Inventory, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of Smart Labels Market for Perishable Goods, by Country 2021-2031(%)
Figure 18. Smart Labels Market, by End-user, 2021(%)
Figure 19. Comparative Share Analysis of Smart Labels Market for Retail, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Smart Labels Market for Healthcare, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of Smart Labels Market for Logistics, by Country 2021-2031(%)
Figure 22. Comparative Share Analysis of Smart Labels Market for Others, by Country 2021-2031(%)
Figure 23. Smart Labels Market by Region, 2021
Figure 24. U.S. Smart Labels Market, 2021-2031 ($Million)
Figure 25. Canada Smart Labels Market, 2021-2031 ($Million)
Figure 26. Mexico Smart Labels Market, 2021-2031 ($Million)
Figure 27. Germany Smart Labels Market, 2021-2031 ($Million)
Figure 28. France Smart Labels Market, 2021-2031 ($Million)
Figure 29. UK Smart Labels Market, 2021-2031 ($Million)
Figure 30. Italy Smart Labels Market, 2021-2031 ($Million)
Figure 31. Rest of Europe Smart Labels Market, 2021-2031 ($Million)
Figure 32. China Smart Labels Market, 2021-2031 ($Million)
Figure 33. Japan Smart Labels Market, 2021-2031 ($Million)
Figure 34. South Korea Smart Labels Market, 2021-2031 ($Million)
Figure 35. India Smart Labels Market, 2021-2031 ($Million)
Figure 36. Rest of Asia-Pacific Smart Labels Market, 2021-2031 ($Million)
Figure 37. Latin America Smart Labels Market, 2021-2031 ($Million)
Figure 38. Middle East Smart Labels Market, 2021-2031 ($Million)
Figure 39. Africa Smart Labels Market, 2021-2031 ($Million)
Figure 40. Top Winning Strategies, by Year
Figure 41. Top Winning Strategies, by Development
Figure 42. Top Winning Strategies, by Company
Figure 43. Product Mapping of Top 10 Players
Figure 44. Competitive Dashboard
Figure 45. Competitive Heatmap: Smart Labels Market
Figure 46. Top Player Positioning, 2021
Figure 47. Avery Dennison Corporation: Net Sales, 2019-2021 ($Million)
Figure 48. Avery Dennison Corporation: Revenue Share by Segment, 2021 (%)
Figure 49. Avery Dennison Corporation: Revenue Share by Region, 2021 (%)
Figure 50. Sato Holdings: Net Revenue, 2019-2021 ($Million)

Executive Summary

Smart labels are tags that can be printed or attached onto the packaging material to provide useful information about the product. In addition, smart labels make use of printed paper, plastic, or fabric labels upgraded with special intelligent inlay technology that can digitally capture and communicate more information than is printed on the physical label. It includes QR codes, barcode tags, and Radio Frequency Identification (RFID) tags.

The smart labels has gained traction in the packaging industry, owing to growth in the demand for product information through smart devices. These labels act as an innovative transparent label associated with digital technology and smart devices that enable consumers to access detailed information about their products. The growth in the global smart labels industry is expected to enable consumers to gain enhanced information visibility on the purchased products. Increase in demand for effective anti-theft devices, owing to security concern of the enterprises contribute to the significant rise in the demand for the global smart labels industry. In addition, smart labels act as an innovative transparent label that can be associated with digital technology and smart devices, which are effective in enabling consumers to gain enhanced information visibility on the purchased products. Moreover, growth in demand for anti-theft devices because of the terms and conditions of the enterprises for security purposes contributes to the growth of the market.

The global smart labels market has witnessed an increase in adoption in the packaging industry, owing to the ability to provide detailed information to the customers about products with the use of digital technology and smart devices. In addition, the increase in demand for global smart labels market is driven by its ability to provide real-time visibility of the product and rise in demand for effective anti-theft devices, owing to security concerns. Moreover, significant rise in consolidated industries and technological advancements associated with the use in various applications, such as healthcare, & pharmaceuticals, logistics, retail inventory, food & beverages, and others, have further boosted the growth of global smart labels market. Thus, the features of smart labels including real-time location tracing, re-programmability, and simultaneous identification & detailed information are expected to fuel the demand for the global smart labels industry in various sectors during the forecast period. However, lack of uniformity in standardized guidelines for smart labels is one of the major challenges restraining the market growth.

Furthermore, the rise in consumer access toward smartphones is growing the adoption of the market. The significant growth seen for the consolidated industries along with the technological advancements associated with the use of smart labels in various industries such as food & beverage, retail, logistics, healthcare, and pharmaceuticals contributes towards the growth of the market.

However, lack of uniformity in standardized guidelines for smart labels is limiting the growth of the market. In addition, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to a decline in the manufacturing of various equipment as well as their demand in the market, thereby restraining the growth of the market. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of companies at their full-scale capacities, that helped the market to recover by the end of 2021.

Rapid surge in population and rapid urbanization have led to the growth of various industries such as retail, food & beverage, healthcare & pharmaceuticals, and others to meet the consumers’ increasing demands. These industries have various applications of smart labels, such as packaging, printing, and labels, which thereby fuels the growth and is expected to offer lucrative opportunities for the global smart labels market.

The smart labels market is segmented on the basis of product type, application, end user, and region. By product type, the smart labels market is fragmented into RFID, electronic article label, sensing label and dynamic display label. By application, the market is categorized into retail inventory and perishable goods. By end user, the market is divided into retail, healthcare, logistics, and others. By region, the smart labels market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Key Market Insights

Depending on product type, the RFID segment was the largest revenue generator in 2021.

By application, the retail inventory segment generated the highest revenue in 2021.

On the basis of end user, the retail segment dominated the market in 2021.

Region wise, Asia-Pacific is anticipated to dominate the global food processing seals market throughout the study period.

Companies Mentioned

  • Zebra Technologies Corp.
  • Thin Film Technology
  • SATO Holdings
  • AVERY DENNISON CORPORATION
  • Meuhlbauer Holdings AG & Co.
  • Graphic Label, Inc.
  • Alien Technology
  • Invengo Information Technology Co., Ltd.
  • advantech
  • CGL Industries Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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