Smart Labelling in Logistics Market Report 2024

This Smart Labelling In Logistics market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The smart labelling in logistics market size has grown strongly in recent years. It will grow from $6.37 billion in 2023 to $6.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth during the historic period can be attributed to the heightened need for compliance with traceability and safety regulations, the increased complexity of supply chains requiring advanced labeling solutions, the adoption of automated systems for more accurate and efficient labeling, rising consumer expectations for transparent product information, the expansion of global trade necessitating standardized and reliable labeling systems, and efforts to reduce operational costs driving improvements in labeling efficiency.

The smart labelling in logistics market size is expected to see strong growth in the next few years. It will grow to $8.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth during the forecast period can be attributed to improvements in smart labeling driven by the Internet of Things (IoT) for real-time tracking, advances in AI and machine learning, sustainability initiatives, blockchain technology, and trends towards personalization. Key trends expected during this period include IoT integration, the use of AI and machine learning, personalized labeling, advanced analytics, and augmented reality (AR).

The growth of smart labels in the logistics market is anticipated to be driven by the expansion of Internet of Things (IoT) integration. IoT integration involves connecting and coordinating IoT devices and systems to facilitate seamless data exchange and automation. This increase in IoT integration is fueled by advancements in technology, greater connectivity, decreasing costs of IoT devices, and a rising demand for smart solutions across different sectors. Smart labels enhance IoT integration in logistics by offering real-time data and seamless connectivity for tracking, monitoring, and managing goods throughout the supply chain. For example, a report from Ericsson in September 2022 highlighted that global IoT connections reached 13.2 billion in 2022 and are projected to grow by 18% to 34.7 billion by 2028. This growth in IoT integration is expected to drive the expansion of smart labels in the logistics sector.

Leading companies in the smart labels market are concentrating on developing advanced solutions like unified visibility platform-based labeling to enhance supply chain efficiency and accuracy. Unified visibility platform-based labeling involves a system that integrates real-time tracking and management of goods across the supply chain through a single interface. For instance, in May 2024, Roambee Corporation, a US-based provider of supply chain visibility and intelligence, introduced a 5G GPS smart label with a peel-and-ship design measuring 4 inches by 6 inches. This label uses 5G technology, GPS, and sensors calibrated by the National Institute of Standards and Technology (NIST) to monitor environmental factors such as temperature, humidity, shock, and light, providing superior real-time visibility for shipments. It operates like a barcode, allowing users to scan the label for shipment information without needing complex infrastructure like printers. The smart label integrates seamlessly with Roambee’s unified visibility platform, offering accurate insights into estimated time of arrival (ETA), shipment quality, and security throughout the supply chain.

In October 2021, Barcodes Inc., a US-based logistics technology firm, acquired Smart Label Solutions for an undisclosed amount. This acquisition is aimed at boosting Barcodes Inc.'s ability to automate and optimize supply chain processes across various industries. Smart Label Solutions, also based in the US, specializes in radio frequency identification (RFID) solutions.

Major companies operating in the smart labelling in logistics market are Oracle Corporation, Honeywell International Inc., 3M Company, NXP Semiconductors N.V., Avery Dennison Corporation, Zebra Technologies Corporation, CCL Industries Inc., Toshiba Tec Corporation, Cognex Corporation, Sato Holdings Corporation, Checkpoint Systems Inc., Mimaki Engineering Co. Ltd., Impinj Inc., Identiv Inc., Barcodes Inc., Alien Technology LLC., Roambee Services Private Limited, William Frick & Company, Scanbuy Inc., Thin Film Electronics ASA, SMARTRAC TECHNOLOGY GmbH, KSW Microtec AG, Invengo Information Technology Co. Ltd, TSC Auto ID Technology Co. Ltd.

North America was the largest region in the smart labelling in logistics market in 2023. The regions covered in the smart labelling in logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the smart labelling in logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Smart labeling in logistics involves using advanced labeling technologies to improve tracking, management, and efficiency within supply chains. These labels often feature technologies such as radio frequency identification (RFID), QR codes, barcodes, or near-field communication (NFC), enabling real-time data capture and transmission. This technology allows companies to monitor inventory, enhance order fulfillment accuracy, reduce errors, and increase transparency throughout the logistics network.

The main types of smart labeling in logistics include radio frequency identification (RFID) labels, near-field communication (NFC) labels, electronic shelf labels (ESL), and other technologies. RFID labels consist of tags with a chip and antenna that use radio waves for data transmission, aiding in tracking and identification. Smart labeling systems typically involve hardware, software, and services and can be implemented through cloud-based or on-premises solutions. These systems are used by various organizations, from small and medium-sized enterprises (SMEs) to large corporations, for purposes such as inventory management, asset tracking, parcel tracking and delivery, cold chain monitoring, and more.

The smart labelling in logistics market research report is one of a series of new reports that provides smart labelling in logistics market statistics, including the smart labelling in logistics industry's global market size, regional shares, competitors with a smart labelling in logistics market share, detailed smart labelling in logistics market segments, market trends and opportunities, and any further data you may need to thrive in the smart labelling in logistics industry. This smart labelling in logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The smart labeling in the logistics market consists of revenues earned by entities by providing services such as real-time tracking, automated data capture, inventory management, and error reduction. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart labeling in the logistics market also includes sales of quick response codes, barcode labels, digital sensors, smart stickers, augmented reality labels, and temperature sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Smart labeling in the logistics market is segmented into products, components, deployment types, company size, and application.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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