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2023
Smart Labels Market

Smart Labels Market

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, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

Report Code: A02057
Jan 2023 | Pages: 202
Tables: 120
Charts: 50
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Smart Labels Market Research, 2031

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. 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. 

The COVID-19 pandemic led to challenges including supply chain disruptions and a decline in consumer spending, while opportunities include increased demand for remote monitoring and tracking solutions. The pharmaceutical and food industries have been among the biggest adopters of smart labels to ensure the safety and traceability of their products. The market is expected to grow in the coming years as businesses continue to adopt smart labeling technology to improve supply chain efficiency and enhance product safety.

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 smart labels market. 

Smart Labels Market

The 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 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 the 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 smart labels 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 and affecting the global smart labels market size. 

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 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 dust control systems companies at their full-scale capacities, that helped the smart labels market to recover by end of 2021. 

The RFID labels segment generated the maximum revenue in the market, owing to its extensive applications in industries for automatic data capturing, information accuracy, and real-time tracking. Asia-Pacific is expected to exhibit the highest growth in the global smart labels market, owing to the rise in potential start-ups, growth in disposable income, increase in urbanization & industrialization, and surge in retail and health & pharmaceutical industries. 

The RFID smart labels market share is expected to witness notable growth during the forecast period, owing to a rise in market competitiveness leading to the availability of cost-effective RFID solutions globally. Furthermore, rise in installation of RFID solutions across healthcare and manufacturing sectors drives the growth of the this market during the forecast period. In addition, the surge in regulations and government initiatives for various industries is expected to propel the smart labels market growth.

However, high cost associated with the installation, purchase, and maintenance of RFID coupled with concerns regarding data security and privacy is expected to restrain the market growth. In addition, rise in adoption of RFID tags for industry 4.0, Internet of Things, and smart manufacturing solutions is expected to provide lucrative opportunity for growth of the smart labels market.

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. 

Smart Labels Market
By Application

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Perishable Goods segment is expected to grow at a highest CAGR during the forecast period.

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In addition, electronic shelf label (ESL) also known as digital price tags, are digital wireless display systems that retail stores use to show product prices. Typically, ESLs are attached to the front edge of retail shelving. Once applied to the shelves, it directly connects to the store's ERP and point of sales (POS) to reduce pricing management labor costs, improve pricing accuracy, and enable dynamic pricing. Furthermore, each electronic shelf label (ESL) system has LCD or e-ink display that shows the price and universal product code (UPC) of the product. Trending automation in the retail industry is the key factor that drives growth of the electronic shelf label market. Moreover, necessity for more cost-efficient and less time-consuming alternatives to paper labels fuel the market growth. In addition, increased operational efficiency with real-time product positioning, owing to utilization of electronic shelf labels boosts the growth of electronic shelf label market size. However, high expenses of installation and infrastructure cost restrain the electronic shelf label market growth. Moreover, low return on investment is expected to impede growth of the smart labels market.

Smart Labels Market
By End User

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Retail segment holds the significant share in 2021.

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The smart labels market is segmented on the basis of product type, application, end user, and region. By product type, the 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 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). 

Smart Labels Market
By Product Type

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RFID segment holds the largest share in 2021.

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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 market, and the perishable goods segment is expected to exhibit highest CAGR in the near future. By end user, the retail segment led the market in 2021, in terms of revenue and the healthcare 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 highest CAGR during the forecast period. 

Smart Labels Market
By Region

2031
Asia-pacific 
North America
Europe
LAMEA

LAMEA is expected to grow at significant CAGR during the forecast period.

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COMPETITION ANALYSIS 

The major players profiled in the smart labels market report are 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. 

Major companies in the market have adopted business expansion, and acquisition as their key developmental strategies to offer better products and services to customers in the smart labels market. 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the smart labels market forecast, 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.

Smart Labels Market Report Highlights

Aspects Details
Market Size By 2031 USD 39.2 billion
Growth Rate CAGR of 15.8%
Forecast period 2021 - 2031
Report Pages 202
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
  • Others
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 AVERY DENNISON CORPORATION, Alien Technology, CGL Industries Inc., advantech, Invengo Information Technology Co., Ltd., Meuhlbauer Holdings AG & Co., Graphic Label, Inc., SATO Holdings, Thin Film Technology, Zebra Technologies Corp.

Analyst Review

Smart labels are a resultant of technological integration in packaging industry. These labels are designed with the ability to provide real-time tracking facilities along with instant product identification and detailed product information. The growth in security and anti-theft concerns among the vendors has also impacted the increasing demand for smart labels. 

The market has witnessed continuous innovations with the aim of enhancing performance. For instance, Greek Lake Labels has introduced tri-panel smart labels, which are designed to provide excess data, especially suited for horticulture industry. 

North America accounted for the maximum share in the global smart labels market in 2021, owing to the widespread use of smart labels in the U.S. This region will continue to be the market leader owing to the improvement in inventory management system, asset tracking facilities, and consumer goods distribution boosted the retail industry which thereby fueled the growth of global smart labels market. 

The global smart labels market is expected to show significant growth during the forecast period due to the growth in healthcare & pharmaceutical industries along with the continuous growth of retail, logistics, and food & beverage industries. 

The major players profiled in the Smart labels market 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. Major companies in the market have adopted strategies such as business expansion, partnership, acquisition, and product launch to offer better products and services to customers in the smart labels market. 

 
  • 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. Low bargaining power of suppliers

      • 3.3.2. Low threat of new entrants

      • 3.3.3. Low threat of substitutes

      • 3.3.4. Low intensity of rivalry

      • 3.3.5. Low bargaining power of buyers

    • 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 ($MILLION)
    TABLE 02. SMART LABELS MARKET FOR RFID, BY REGION, 2021-2031 ($MILLION)
    TABLE 03. SMART LABELS MARKET FOR ELECTRONIC ARTICLE SURVEILLANCE LABEL, BY REGION, 2021-2031 ($MILLION)
    TABLE 04. SMART LABELS MARKET FOR SENSING LABEL, BY REGION, 2021-2031 ($MILLION)
    TABLE 05. SMART LABELS MARKET FOR DYNAMIC DISPLAY LABEL, BY REGION, 2021-2031 ($MILLION)
    TABLE 06. GLOBAL SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 07. SMART LABELS MARKET FOR RETAIL INVENTORY, BY REGION, 2021-2031 ($MILLION)
    TABLE 08. SMART LABELS MARKET FOR PERISHABLE GOODS, BY REGION, 2021-2031 ($MILLION)
    TABLE 09. GLOBAL SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 10. SMART LABELS MARKET FOR RETAIL, BY REGION, 2021-2031 ($MILLION)
    TABLE 11. SMART LABELS MARKET FOR HEALTHCARE, BY REGION, 2021-2031 ($MILLION)
    TABLE 12. SMART LABELS MARKET FOR LOGISTICS, BY REGION, 2021-2031 ($MILLION)
    TABLE 13. SMART LABELS MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION)
    TABLE 14. SMART LABELS MARKET, BY REGION, 2021-2031 ($MILLION)
    TABLE 15. NORTH AMERICA SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 16. NORTH AMERICA SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 17. NORTH AMERICA SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 18. NORTH AMERICA SMART LABELS MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 19. U.S. SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 20. U.S. SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 21. U.S. SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 22. CANADA SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 23. CANADA SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 24. CANADA SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 25. MEXICO SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 26. MEXICO SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 27. MEXICO SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 28. EUROPE SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 29. EUROPE SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 30. EUROPE SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 31. EUROPE SMART LABELS MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 32. GERMANY SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 33. GERMANY SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 34. GERMANY SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 35. FRANCE SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 36. FRANCE SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 37. FRANCE SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 38. UK SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 39. UK SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 40. UK SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 41. ITALY SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 42. ITALY SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 43. ITALY SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 44. REST OF EUROPE SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 45. REST OF EUROPE SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 46. REST OF EUROPE SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 47. ASIA-PACIFIC SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 48. ASIA-PACIFIC SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 49. ASIA-PACIFIC SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 50. ASIA-PACIFIC SMART LABELS MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 51. CHINA SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 52. CHINA SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 53. CHINA SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 54. JAPAN SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 55. JAPAN SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 56. JAPAN SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 57. SOUTH KOREA SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 58. SOUTH KOREA SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 59. SOUTH KOREA SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 60. INDIA SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 61. INDIA SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 62. INDIA SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 63. REST OF ASIA-PACIFIC SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 64. REST OF ASIA-PACIFIC SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 65. REST OF ASIA-PACIFIC SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 66. LAMEA SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 67. LAMEA SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 68. LAMEA SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 69. LAMEA SMART LABELS MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 70. LATIN AMERICA SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 71. LATIN AMERICA SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 72. LATIN AMERICA SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 73. MIDDLE EAST SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 74. MIDDLE EAST SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 75. MIDDLE EAST SMART LABELS MARKET, BY END USER, 2021-2031 ($MILLION)
    TABLE 76. AFRICA SMART LABELS MARKET, BY PRODUCT TYPE, 2021-2031 ($MILLION)
    TABLE 77. AFRICA SMART LABELS MARKET, BY APPLICATION, 2021-2031 ($MILLION)
    TABLE 78. AFRICA SMART LABELS MARKET, BY END USER, 2021-2031 ($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)

 
 

Smart labels are a resultant of technological integration in packaging industry. These labels are designed with the ability to provide real-time tracking facilities along with instant product identification and detailed product information. The growth in security and anti-theft concerns among the vendors has also impacted the increasing demand for smart labels. The market has witnessed continuous innovations with the aim to enhance its performance. For instance, Greek Lake Labels has introduced tri-panel smart labels, which are designed to provide excess data, especially suited for horticulture industry.

North America accounted for the maximum share of 31.18% in the global smart labels market in 2016, owing to the widespread use of smart labels in the U.S. This region will continue to be the market leader, thereby accounting for a market share of 30.82% in 2023 owing to the improvement in inventory management system, asset tracking facilities, and consumer good distribution boosted up the retail industry which thereby fuelled up the growth of global smart labels market.

The retail inventory segment accounted for over 52.2% share in the global smart labels market in 2016, attributed to the increase in anti-theft trackers used by the retailers. The perishable goods segment is expected to witness the highest growth rate during the forecast period, owing to the increase in use of smart labels in threshold detection and shelf life monitoring of perishable goods such as food, medicines, and beverages.

The global smart labels market is expected to show a significant growth during the forecast period due to the growth in healthcare & pharmaceutical industries along with the continuous growth of retail, logistics, and food & beverage industries.

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FREQUENTLY ASKED QUESTIONS?

A. 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. The forecast period considered for the global smart labels market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.

A. The latest version of global smart labels market report can be obtained on demand from the website.

A. The base year considered in the global smart labels market report is 2021.

A. The top companies holding the market share in the global smart labels market report are dvantech, 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.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning.

A. The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. By product type, the RFID segment is the highest share holder of smart labels market.

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