Reports
Global Smart Labels Market: By Technology: Radio-Frequency Identification (RFID), Electronic Article Surveillance (EAS), Electronic Shelf Label (ESL), Sensing Labels, Others; By Component; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Smart Labels Market Outlook
The global smart labels market size reached a value of USD 7.31 billion in 2020. The market is further expected to grow at a CAGR of 12.5% in the forecast period of 2023-2028 to reach a value of approximately USD 14.82 billion by 2026.
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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.
Properties and Applications
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.
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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
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Component, End Use, Region |
| Breakup by Technology | Radio-Frequency Identification (RFID), Electronic Article Surveillance (EAS), Electronic Shelf Label (ESL), Sensing Labels, Near Field Communication (NFC), Others |
| Breakup by Component | Batteries, Transceivers, Microprocessors, Memories |
| Breakup by End Use | Retail, Logistics and Transportation, Healthcare, Food and Beverage, Aerospace, Data Centres and Libraries, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Avery Dennison Corporation, CCL Industries Inc., Smartrac Technology GmbH, Mühlbauer Group, Checkpoint Systems, Inc, Zebra Technologies Corp, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Smart Labels Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Labels Historical Market (2018-2022)
8.3 Global Smart Labels Market Forecast (2023-2028)
8.4 Global Smart Labels Market by Technology
8.4.1 Radio-Frequency Identification (RFID)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Electronic Article Surveillance (EAS)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Electronic Shelf Label (ESL)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Sensing Labels
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Near Field Communication (NFC)
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Smart Labels Market by Component
8.5.1 Batteries
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Transceivers
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Microprocessors
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Memories
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Smart Labels Market by End Use
8.6.1 Retail
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Logistics and Transportation
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Healthcare
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Food and Beverage
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Aerospace
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Data Centres and Libraries
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Smart Labels Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Market (2018-2022)
9.3.2 Market Forecast (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players’ Market Share
14.3 Company Profiles
14.3.1 Avery Dennison Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Financial Summary
14.3.1.5 Certifications
14.3.2 CCL Industries Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Financial Summary
14.3.2.5 Certifications
14.3.3 Smartrac Technology GmbH
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Financial Summary
14.3.3.5 Certifications
14.3.4 Mühlbauer Group
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Financial Summary
14.3.4.5 Certifications
14.3.5 Checkpoint Systems, Inc
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Demographic Reach and Achievements
14.3.5.4 Financial Summary
14.3.5.5 Certifications
14.3.6 Zebra Technologies Corp
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Demographic Reach and Achievements
14.3.6.4 Financial Summary
14.3.6.5 Certifications
14.3.7 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Smart Labels Market: Key Industry Highlights, 2018 and 2028
2. Global Smart Labels Historical Market: Breakup by Technology (USD Billion), 2018-2022
3. Global Smart Labels Market Forecast: Breakup by Technology (USD Billion), 2023-2028
4. Global Smart Labels Historical Market: Breakup by Component (USD Billion), 2018-2022
5. Global Smart Labels Market Forecast: Breakup by Component (USD Billion), 2023-2028
6. Global Smart Labels Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Smart Labels Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Smart Labels Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Smart Labels Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Smart Labels Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Smart Labels Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Smart Labels Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Smart Labels Market Forecast: Breakup by Country (USD Billion), 2023-2028Mi
18. Middle East and Africa Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Smart Labels Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Smart Labels Market Structure
Key Questions Answered in the Report
In 2020, the global smart labels market attained a value of USD 7.31 billion.
In the forecast period of 2023-2028, the market is projected to grow at a CAGR of 12.5%.
By 2026, the market is estimated to reach a value of about USD 14.82 billion.
The major drivers of the market such as rising disposable incomes, growing adoption of the product by healthcare and ecommerce industries, and introduction of smart labels with built-in alarms to prevent shoplifting and robbery incidents are expected to aid the market growth.
The adoption of Internet of Things (IoT) technology has led to the development of sensors that can be printed on smart labels at a lesser cost as compared to silicone sensors.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa., with North America accounting for the largest market share.
The major 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 leading components 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 most significant end-use segments in the market.
The leading players in the market are Avery Dennison Corporation, CCL Industries Inc., Smartrac Technology GmbH, Mühlbauer Group, Checkpoint Systems, Inc, and Zebra Technologies Corp, among others.
Analyst Review
The global smart labels market attained a value of USD 7.31 billion in 2020 driven by the adoption of the product by ecommerce and healthcare sectors. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 12.5%. The market is projected to reach USD 14.82 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on technology, the smart labels market can be segmented into radio-frequency identification (RFID), electronic article surveillance (EAS), electronic shelf label (ESL), sensing labels, and near field communication (NFC), among others. On the basis of component, the market is divided into 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-use sectors in the market. The major regional markets for smart labels are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa., with North America accounting for the largest share of the market. The key players in the above market include Avery Dennison Corporation, CCL Industries Inc., Smartrac Technology GmbH, Mühlbauer Group, Checkpoint Systems, Inc, Zebra Technologies Corp, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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