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Smart Labels Market

Global Smart Labels Market Size, Share, Trends, Forecast: By Technology: Radio-Frequency Identification (RFID), Electronic Article Surveillance (EAS), Electronic Shelf Label (ESL), Sensing Labels, Near Field Communication (NFC), Others; By Component: Batteries, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Smart Labels Market Outlook

The global smart labels market size reached a value of USD 10.41 billion in 2023. The market is further expected to grow at a CAGR of 12.5% in the forecast period of 2024-2032 to reach a value of approximately USD 30.05 billion by 2032.

 

Global Smart Labels Market

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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.

 

Global Smart Labels Market By Component

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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.

 

Global Smart Labels Market By Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

Smart Labels Market Report Snapshots

Smart Labels Market Size

Smart Labels Market Analysis

Smart Labels Companies

 

*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    Opportunities and Challenges in the Market
8    Global Smart Labels Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Smart Labels Historical Market (2018-2023) 
    8.3    Global Smart Labels Market Forecast (2024-2032)
    8.4    Global Smart Labels Market by Technology
        8.4.1    Radio-Frequency Identification (RFID) 
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Electronic Article Surveillance (EAS) 
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Electronic Shelf Label (ESL)  
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Sensing Labels
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Near Field Communication (NFC)
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Smart Labels Market by Component
        8.5.1    Batteries
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Transceivers
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Microprocessors
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Memories
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
    8.6    Global Smart Labels Market by End Use
        8.6.1    Retail
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Logistics and Transportation
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Healthcare
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Food and Beverage
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Aerospace
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Data Centres and Libraries
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Others   
    8.7    Global Smart Labels Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Smart Labels Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Smart Labels Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Smart Labels Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Smart Labels Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Smart Labels Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
17    Manufacturing Process

    17.1    Overview
    17.2    Detailed Process Flow
    17.3    Operation Involved
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Avery Dennison Corporation
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    CCL Industries Inc.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Smartrac Technology GmbH
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Mühlbauer Group
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Checkpoint Systems, Inc
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Zebra Technologies Corp
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Others
19    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Smart Labels Market: Key Industry Highlights, 2018 and 2032
2.    Global Smart Labels Historical Market: Breakup by Technology (USD Billion), 2018-2023
3.    Global Smart Labels Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4.    Global Smart Labels Historical Market: Breakup by Component (USD Billion), 2018-2023
5.    Global Smart Labels Market Forecast: Breakup by Component (USD Billion), 2024-2032
6.    Global Smart Labels Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    Global Smart Labels Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    Global Smart Labels Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Smart Labels Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Smart Labels Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Smart Labels Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Smart Labels Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Smart Labels Market Forecast: Breakup by Country (USD Billion), 2024-2032Mi
18.    Middle East and Africa Smart Labels Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Smart Labels Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Smart Labels Market Structure

Key Questions Answered in the Report

In 2023, the global smart labels market attained a value of USD 10.41 billion.

The market is expected to grow at a CAGR of 12.5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 30.05 billion by 2032.

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.

Analyst Review

The global smart labels market attained a value of USD 10.41 billion in 2023 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 2024-2032, growing at a CAGR of 12.5%. The market is projected to reach USD 30.05 billion by 2032.

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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