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PUBLISHER: SkyQuest | PRODUCT CODE: 1270759

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PUBLISHER: SkyQuest | PRODUCT CODE: 1270759

Global Smart Label Market Size, Share, Growth Analysis, By Technology(Electronic Article Surveillance (EAS), RFID), By End User(Retail, Food), By Component(Batteries, Transceivers) - Industry Forecast 2022-2028

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Global Smart Label Market size was valued at USD 11.69 billion in 2021 and is poised to grow from USD 15.57 billion in 2022 to USD 35 billion by 2030, growing at a CAGR of 16.2% in the forecast period (2023-2030).

A smart label is a label that makes use of technology to offer more functionality and information than traditional print methods. Near-field communication (NFC), QR codes, and RFID tags are just a few examples of the many various ways this can be done. These labels rely on a user's interaction with a consumer good, such a smartphone, to make it possible for a user to interact. The development of intelligent labels adds new requirements to the manufacturing process, such as the need for functional or performance testing to control the standard of RFID labels and the ability to encode each label with client-specific data. These characteristics could increase the worth of conversion equipment or create new service possibilities. These labels can be used as the first step in the label value chain by a normal label printing company to increase profits and turnovers.

For instance, Advantech, a leader in embedded system solutions, is happy to offer the EPC-P3000 series, their newest line of embedded PCs made for applications involving machine vision. The EPC-P3000 includes a number of expansion slots, which enables great computational performance and the deployment of high-precision machine vision at the edge. It is powered by the Intel 9th Gen Desktop CPU platform. Edge computers are able to recognise, categorise, and label hundreds of different items in unmanned warehouses. Edge computers are capable of doing comprehensive production process analyses and controlling robotic arms in fully automated facilities.

Top-down and bottom-up approaches were used to estimate and validate the size of global Smart Label Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Segments covered in this report

Global smart label market is segmented based on the technology, end user, and region. Based on the technology, the global smart label market is segmented as electronic article surveillance (EAS), RFID, near field communication (NFC), and QR code. Based on end user, the global smart label market is segmented as retail, food and beverages, healthcare & pharmaceuticals, consumer electronics, supply chain and logistics, transportation, and others. Based on component, the Smart Label Market is segmented into batteries, transceivers, microprocessors, others. Based on region, Smart Label Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

A smart label can be used to comply with the federal disclosure requirement for genetically modified organisms (GMOs), which was developed by the U.S. government. According to this federal legislation, the brands must offer the product information in one of three ways: by writing it on the box, by using a symbol, or by using a digital connection like a smart label. Buyers can discover more about the goods through digital disclosures than they might from a word or symbol.

GMA surveyed its members to predict how the industry might use SmartLabel in the future. At the beginning of the project, 36 companies pledged to label about 34,000 products on the market by the end of 2017. 48 more companies agreed to participate in the project, but they needed more time to plan its implementation.

The increased usage of digital services has increased the demand for trustworthy anti-theft tools and product identification, which is primarily fueling the expansion of the global market. According to studies, a focus on the customer experience and digital transformation might lead to a 20-30% increase in customer satisfaction and a 20-50% increase in economic growth. More corporate mergers and acquisitions as well as technology improvements in intelligent goods are also anticipated to promote business growth.

Restraint

The underinvestment in digital printing services by conventional label printing companies is one of the key obstacles identified. Traditional market participants are still hesitant to invest in such systems because of their high cost. The development of the worldwide smart label market may be hampered by this.

Smart labels with embedded chips have several advantages for commercial and industrial applications, but they also have certain disadvantages, such as a lack of universal applicability, safety concerns, and an inability to withstand harsh weather. Although these limitations may seem routine, they could limit the growth of the worldwide smart label industry. When used for shipping, smart labels must face the sun because sunlight causes the solvents used to print on them to dissolve, erasing the labels' printing.

Market Trends

Manufacturers are using smart labelled food packaging more and more. Consumers' growing interest in the ethical standing and health benefits of meals and beverages is a growing commercial trend. The increasing informational capacity of smart labels may allow for the provision of more details regarding the morality and safety of food and drink. For instance, smart labels might incorporate information about product provenance. Every step of the food production process, from farm to table, including recipes and tracking food freshness, benefits the consumer tremendously.

The pricing of smart labels has always been the most crucial factor, especially when the market is just getting started. According to research by Thinfilm Electronics, the use of intelligent labels is gradually increasing. The market for smartphones that can communicate with NFC tags on merchandise is continually growing. Furthermore, NFC solutions are becoming more widely available in this sector, which will likely accelerate the deployment of these labels.

Product Code: SQSG45E2017

Table of Contents

Executive Summary

  • Market Overview
  • Wheel of Fortune
  • Research Methodology
  • Information Procurement
  • Secondary & Primary Data Sources
  • Market Size Estimation
  • Market Assumptions & Limitations

Parent Market Analysis

  • Market Overview
  • Market Size
  • Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Key Market Insights
  • Technology Analysis
  • Pricing Analysis
  • Supply Chain Analysis
  • Value Chain Analysis
  • Ecosystem of the Market
  • IP Analysis
  • Trade Analysis
  • Startup Analysis
  • Raw Material Analysis
  • Innovation Matrix
  • Pipeline Product Analysis
  • Macroeconomic Indicators
  • Top Investment Analysis
  • Key Success Factor
  • Degree of Competition
  • Market Dynamics & Outlook
  • Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
  • Regulatory Landscape
  • Porters Analysis
  • Competitive rivalry
  • Threat of Substitute Products
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers
  • Skyquest Special Insights on Future Disruptions
  • Political Impact
  • Economic Impact
  • Social Impact
  • Technical Impact
  • Environmental Impact
  • Legal Impact
  • Global Smart Label Market by Technology
  • Market Overview
  • Electronic Article Surveillance (EAS)
  • RFID
  • Near Field Communication (NFC)
  • QR Code
  • Global Smart Label Market by End User
  • Market Overview
  • Retail
  • Food
  • Beverages
  • Healthcare & Pharmaceuticals
  • Consumer Electronics
  • Supply Chain
  • Logistics
  • Transportation
  • Others
  • Global Smart Label Market by Component
  • Market Overview
  • Batteries
  • Transceivers
  • Microprocessors
  • Others
  • Global Smart Label Market Size by Region
  • Market Overview
  • North America
  • USA
  • Canada
  • Europe
  • Germany
  • Spain
  • France
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Rest of Latin America
  • Middle East & Africa (MEA)
  • GCC Countries
  • South Africa
  • Rest of MEA
  • Competitive Landscape
  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2021
  • Strategies Adopted by Key Market Players
  • Top Winning Strategies
  • By Development
  • By Company
  • By Year
  • Recent Activities in the Market
  • Key Companies Market Share (%), 2021
  • Key Company Profiles
  • Avery Dennison Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Advantech Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Checkpoint Systems, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Alien Technology, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • CCL Industries Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Multi-Color Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Invengo Technology Pte. Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Muhlbauer Group (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Thin Film Electronics ASA (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Sato Holdings Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Zebra Technologies Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
  • Smartrac N.V. (EU)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
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Jeroen Van Heghe

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Christine Sirois

Manager - Americas

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