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Report Overview
The global smart labels market size reached a value of USD 10.41 Billion in 2024. The market is further expected to grow at a CAGR of 12.50% in the forecast period of 2025-2034 to reach a value of approximately USD 33.80 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Billion
12.5%
2025-2034
Smart Labels Market Outlook
*this image is indicative*
| Global Smart Labels Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | 10.41 |
| Market Size 2034 | USD Billion | 33.80 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 12.50% |
| CAGR 2025-2034 - Market by Region | Asia Pacific | 14.4% |
| CAGR 2025-2034 - Market by Country | India | 16.5% |
| CAGR 2025-2034 - Market by Country | China | 13.8% |
| CAGR 2025-2034 - Market by Component | Microprocessors | 13.6% |
| CAGR 2025-2034 - Market by End Use | Retail | 14.3% |
| Market Share by Country 2024 | Japan | 4.2% |
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North America is the world's largest smart labels market, with the United States accounting for the largest share in the region. The massive market in the region can be attributed to the significant presence of retail stores, both small and large. The country was led by retail giants, like Walmart and others, which contributed to an upsurge in operations, primarily leading to the development of the smart label industry. Walmart has put electronic identification tags on men's apparel, including jeans, as the world's largest retailer is seeking to maintain greater control of its inventory.
Market Segmentation
Smart labels work as an innovative label that allows anyone to track product information through their smart devices. These smart labels not just provide information on the product as well as the ingredients used in it, but also provide information on the manufacturer, date of manufacture, and other crucial information. Smart labels are currently used by different industries, like manufacturing, healthcare, automotive, food and beverage, retail, security, FMCG, and others. These smart labels also offer a smart traceability of the product and help to maintain its authenticity.
On the basis of technology, the smart labels market can be divided into:
- Radio-Frequency Identification (RFID)
- Electronic Article Surveillance (EAS)
- Electronic Shelf Label (ESL)
- Sensing Labels
- Near Field Communication (NFC)
- Others
Based on the component, the industry can be divided into:
- Batteries
- Transceivers
- Microprocessors
- Memories
The end-use sectors of the product can be segmented as follows:
- Retail
- Logistics and Transportation
- Healthcare
- Food and Beverage
- Aerospace
- Data Centres and Libraries
- Others
Based on the region, the industry can be divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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| CAGR 2025-2034 - Market by | Country |
| India | 16.5% |
| China | 13.8% |
| UK | 11.4% |
| USA | 11.1% |
| Italy | 8.8% |
| Canada | XX% |
| Germany | XX% |
| France | XX% |
| Japan | 8.6% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Market Analysis
The applicability of smart labels in a broad range of vertical sectors is among the key factors boosting the smart labels market development. In the healthcare industry, these labels help to track the use and storage of medications and to regulate the inventory. They are also used in assisted living facilities to monitor the position of patients, their body temperature, and the dampness of dressings or diapers. In addition, these labels provide improved and managed inventory management for the efficient monitoring of products by maintaining the credibility of the supply chain in the logistics industry. In addition, the demand for smart labels among e-commerce companies has been boosted to reduce the reliance on handheld scanners to collect product information, improve time productivity, and reduce training and labour costs. Smart labels containing built-in alarms are useful for preventing robberies and shoplifting incidents. In addition, with the introduction of Internet of Things (IoT) technology, many companies are developing sensors that can be printed on smart labels at a lower cost compared to silicone sensors. These factors are expected to propel the growth of the smart labels market in the coming years.
Competitive Landscape of Smart Label Industry
The report gives a detailed analysis of the following key players in the global smart labels market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Avery Dennison Corporation
- CCL Industries Inc.
- Smartrac Technology GmbH
- Mühlbauer Group
- Checkpoint Systems, Inc
- Zebra Technologies Corp
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Smart Labels Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global smart labels market attained a value of USD 10.41 Billion.
The market is expected to grow at a CAGR of 12.50% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach around USD 33.80 Billion by 2034.
The major drivers of the market are growing adoption of smart labels by healthcare and ecommerce industries, and rising disposable incomes.
The adoption of Internet of Things (IoT) technology and introduction of smart labels with built-in alarms to prevent shoplifting and robbery are the key trends guiding the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading technologies in the market are radio-frequency identification (RFID), electronic article surveillance (EAS), electronic shelf label (ESL), sensing labels, and near field communication (NFC), among others.
The significant components of smart labels in the market are batteries, transceivers, microprocessors, and memories.
Retail, logistics and transportation, healthcare, food and beverage, aerospace, and data centres and libraries, among others, are the major end uses in the market.
The leading players in the global smart labels market are Avery Dennison Corporation, CCL Industries Inc., Smartrac Technology GmbH, Mühlbauer Group, Checkpoint Systems, Inc, and Zebra Technologies Corp, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Component |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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