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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1145756

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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1145756

Smart Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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The global smart labels market size reached US$ 8.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18 Billion by 2027, exhibiting a growth rate (CAGR) of 13.47% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Smart labels act as an innovative label through which anyone can track information about a product through their smart devices. These smart labels not only carry information about the product and the ingredients used in it but also provide information about manufacturers, date of manufacturing and other crucial information. Different industries are currently using smart labels, such as manufacturing, food and beverage, healthcare, automotive, retail, security, FMCG, etc. These smart labels also offer smart traceability of a product and help in maintaining its authenticity. A number of factors are currently driving the market for smart labels.

Industries such as logistics and transportation are greatly benefiting from smart label technology as smart labels help in attaining higher levels of productivity and accuracy in delivery. Moreover, smart labels also help in enhancing inventory management and product information. Smart labels carry significant advantages over barcode-only labels that simply cannot provide the same level of accuracy, readability and the depth of information.

In the retail segment, companies are strongly benefiting from smart label technology. For instance, large retailers along with their suppliers are experiencing better product tracking and inventory management. Organizations are able to achieve huge time savings, which is also leading to reduced labor costs as companies no longer have to rely on a handheld scanners to extract information on products.

Shopkeepers and manufacturers have also benefited from smart label technology as they are extremely efficient in reducing shoplifting and theft. They also aid in strategies to prevent criminals from breaking into drug stores to access prescription drugs. All these products can be easily tracked and monitored using smart tags. This advantage can also be achieved inside the warehouse environment to decrease product theft on the back-end segment of the business.

There is an increasing awareness in the industry about counterfeiting and smart labels are playing a major role in reducing counterfeit attempts in all type of products.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global smart labels market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on technology, component and end-user.

Breakup by Technology:

  • Radio-Frequency Identification (RFID)
  • Electronic Article Surveillance (EAS)
  • Electronic Shelf Label (ESL)
  • Sensing Labels
  • Near Field Communication (NFC)

Breakup by Component:

  • Batteries
  • Transceivers
  • Microprocessors
  • Memories
  • Others

Breakup by End-User:

  • Retail
  • Logistics and Transportation
  • Healthcare
  • Food and Beverage
  • Aerospace
  • Data Centers and Libraries
  • Others

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

  • The competitive landscape of the market has also been examined with some of the key players being Avery Dennison Corporation, CCL Industries Inc., Checkpoints Systems, Inc., Zebra Technologies Corporation, Intermec Inc., Invengo Technology Pte. Ltd., Sato Holdings Corporation, Thin Film Electronics ASA (Ensurge Micropower ASA), Smartrac N.V. and Muehlbauer Holding AG.
  • This report provides a deep insight into the global smart labels market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global smart labels market in any manner.

Key Questions Answered in This Report:

  • How has the global smart labels market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global smart labels industry?
  • What has been the impact of COVID-19 on the global smart labels market?
  • What are the key technologies in the global smart labels industry?
  • What are the major components in the global smart labels industry?
  • What are the key end-user segments in the global smart labels industry?
  • What are the various stages in the value chain of the global smart labels market?
  • What are the key driving factors and challenges in the global smart labels market?
  • What is the structure of the global smart labels market and who are the key players?
  • What is the degree of competition in the global smart labels market?
  • How are smart labels manufactured?
Product Code: SR1122A269_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Smart Labels Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Technology
  • 5.5 Market Breakup by Component
  • 5.6 Market Breakup by End-User
  • 5.7 Market Breakup by Region
  • 5.8 Market Forecast
  • 5.9 SWOT Analysis
    • 5.9.1 Overview
    • 5.9.2 Strengths
    • 5.9.3 Weaknesses
    • 5.9.4 Opportunities
    • 5.9.5 Threats
  • 5.10 Value Chain Analysis
  • 5.11 Porters Five Forces Analysis
    • 5.11.1 Overview
    • 5.11.2 Bargaining Power of Buyers
    • 5.11.3 Bargaining Power of Suppliers
    • 5.11.4 Degree of Competition
    • 5.11.5 Threat of New Entrants
    • 5.11.6 Threat of Substitutes
  • 5.12 Price Analysis
    • 5.12.1 Key Price Indicators
    • 5.12.2 Price Structure
    • 5.12.3 Margin Analysis

6 Market Breakup by Technology

  • 6.1 Radio-Frequency Identification (RFID)
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Electronic Article Surveillance (EAS)
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Electronic Shelf Label (ESL)
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Sensing Labels
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Near Field Communication (NFC)
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast

7 Market Breakup by Component

  • 7.1 Batteries
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Transceivers
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Microprocessors
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Memories
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by End-User

  • 8.1 Retail
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Logistics and Transportation
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Healthcare
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Food and Beverage
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Aerospace
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Data Centers and Libraries
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Others
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Europe
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Asia Pacific
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Middle East and Africa
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Latin America
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 Smart Labels Manufacturing Process

  • 10.1 Product Overview
  • 10.2 Raw Material Requirements
  • 10.3 Manufacturing Process
  • 10.4 Key Success and Risk Factors

11 Competitive Landscape

  • 11.1 Market Structure
  • 11.2 Key Players
  • 11.3 Profiles of Key Players
    • 11.3.1 Avery Dennison Corporation
    • 11.3.2 CCL Industries Inc.
    • 11.3.3 Checkpoints Systems, Inc.
    • 11.3.4 Zebra Technologies Corporation
    • 11.3.5 Intermec Inc.
    • 11.3.6 Invengo Technology Pte. Ltd.
    • 11.3.7 Sato Holdings Corporation
    • 11.3.8 Thin Film Electronics ASA (Ensurge Micropower ASA)
    • 11.3.9 Smartrac N.V.
    • 11.3.10 Muehlbauer Holding AG
Product Code: SR1122A269_Report

List of Figures

  • Figure 1: Global: Smart Labels Market: Major Drivers and Challenges
  • Figure 2: Global: Smart Labels Market: Sales Value (in Billion US$), 2016-2021
  • Figure 3: Global: Smart Labels Market: Breakup by Technology (in %), 2021
  • Figure 4: Global: Smart Labels Market: Breakup by Component (in %), 2021
  • Figure 5: Global: Smart Labels Market: Breakup by End-User (in %), 2021
  • Figure 6: Global: Smart Labels Market: Breakup by Region (in %), 2021
  • Figure 7: Global: Smart Labels Market Forecast: Sales Value (in Billion US$), 2022-2027
  • Figure 8: Smart Labels Market: Price Structure
  • Figure 9: Global: Smart Labels Industry: SWOT Analysis
  • Figure 10: Global: Smart Labels Industry: Value Chain Analysis
  • Figure 11: Global: Smart Labels Industry: Porter's Five Forces Analysis
  • Figure 12: Global: Smart Labels (Radio-Frequency Identification) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 13: Global: Smart Labels (Radio-Frequency Identification) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 14: Global: Smart Labels (Electronic Article Surveillance) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 15: Global: Smart Labels (Electronic Article Surveillance) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 16: Global: Smart Labels (Electronic Shelf Label) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 17: Global: Smart Labels (Electronic Shelf Label) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 18: Global: Smart Labels (Sensing Labels) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 19: Global: Smart Labels (Sensing Labels) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 20: Global: Smart Labels (Near Field Communication) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 21: Global: Smart Labels (Near Field Communication) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 22: Global: Smart Labels (Batteries) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 23: Global: Smart Labels (Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 24: Global: Smart Labels (Transceivers) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 25: Global: Smart Labels (Transceivers) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 26: Global: Smart Labels (Microprocessors) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 27: Global: Smart Labels (Microprocessors) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 28: Global: Smart Labels (Memories) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 29: Global: Smart Labels (Memories) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 30: Global: Smart Labels (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 31: Global: Smart Labels (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 32: Global: Smart Labels (Retail) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 33: Global: Smart Labels (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 34: Global: Smart Labels (Logistics and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 35: Global: Smart Labels (Logistics and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 36: Global: Smart Labels (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 37: Global: Smart Labels (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 38: Global: Smart Labels (Food and Beverage) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 39: Global: Smart Labels (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 40: Global: Smart Labels (Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 41: Global: Smart Labels (Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 42: Global: Smart Labels (Data Centers and Libraries) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 43: Global: Smart Labels (Data Centers and Libraries) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 44: Global: Smart Labels (Other End-Users) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 45: Global: Smart Labels (Other End-Users) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 46: North America: Smart Labels Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 47: North America: Smart Labels Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 48: Europe: Smart Labels Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 49: Europe: Smart Labels Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 50: Asia Pacific: Smart Labels Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 51: Asia Pacific: Smart Labels Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 52: Middle East and Africa: Smart Labels Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 53: Middle East and Africa: Smart Labels Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 54: Latin America: Smart Labels Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 55: Latin America: Smart Labels Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 56: Smart Labels Manufacturing: Detailed Process Flow

List of Tables

  • Table 1: Global: Smart Labels Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Global: Smart Labels Market Forecast: Breakup by Technology (in Million US$), 2022-2027
  • Table 3: Global: Smart Labels Market Forecast: Breakup by Component (in Million US$), 2022-2027
  • Table 4: Global: Smart Labels Market Forecast: Breakup by End-User (in Million US$), 2022-2027
  • Table 5: Global: Smart Labels Market Forecast: Breakup by Region (in Million US$), 2022-2027
  • Table 6: Smart Labels Manufacturing: Raw Material Requirements
  • Table 7: Global: Smart Labels Market: Competitive Structure
  • Table 8: Global: Smart Labels Market: Key Players
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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