According to the report analysis “Smart Labels Market by Technology (EAS, RFID, Sensing, ESL, NFC tags), Components (Batteries, Transceivers, Microprocessors, Others), Application (Retail Inventory, Perishable Goods, Electronic & IT asset, Others), End-use Industry – Forecast’, states that global smart label market is predicted to develop during the review period owing to the technological advancement, the effective growth in increasing disposable household income, feasible real-time tracking of the merchandise, and augmenting requirement for more security and anti-theft label.
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CCL Industries, Inc. (Canada), Checkpoint Systems, Inc. (U.S.) (U.S.), Avery Dennison Corporation (U.S.), Sato Holdings Corporation (Japan), Smartrac N.V. (The Netherlands), and Zebra Technologies (U.S.). Others include companies such as Thin Film Electronics ASA (Norway), ASK S.A. (France), Graphic Label, Inc. (U.S.), and Muhlbauer Holding Ag & Co. Kgaa. (Germany) and many more are the key companies which recently working in the smart label market more efficiently for registering the great value of market share, leading the highest market growth, keep maintaining the governing position, generating the highest percentage of revenue, and obtaining the competitive edge by delivering the better customer satisfaction, increasing the features and benefits of smart label, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of smart label, analysing the strategies and policies of government as well as contenders, decreasing the associated prices of such, and establishing the several research and development programs.
These labels rely on an interface with a consumer device, such as smartphones, to simplify interaction. Smart labels are predominantly utilized in retail, FMCG manufacturing, logistics, automotive, healthcare, aerospace and several other industries. Deepening internet-of-things penetration is slated to generate a massive buzz in the smart labels market.
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The applications of smart labels are limitless. In healthcare, for instance, smart labels help in inventory tracking and pharmaceutical waste disposal. Additionally, countless textile companies are attaching smart labels to clothes that can analyse the body temperature. Likewise, RFID tags aid in the effectual transportation of perishable commodities.
Also, speedy penetration of communication devices around the emerging economies is expected to produce the substantial opportunities for smart label manufacturers over the long-term forecast duration, leading to considerable market growth.
The global smart labels market has observed an augment in implementation in the packaging industry, owing to the ability to deliver a detailed information to the customers about products with the usage of digital technology and smart devices. In addition, augment in demand for global smart labels market is propelled by its ability to deliver the real-time visibility of the product and augment in demand for efficient anti-theft devices, owing to security concerns.
Moreover, significant growth in consolidated industries and technological innovations associated with the use in several applications, such as healthcare, & pharmaceuticals, logistics, retail inventory, food & beverages, and several others, have further boosted the growth of global smart labels market. Thus, the features of smart labels involving the real-time location tracing, re-programmability, and simultaneous identification & detailed information are predicted to fuel the requirement for the global smart labels industry in several sectors during the forecast period.
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Asia-Pacific to play a key role in the market for smart labels
On the basis of key regions, the market for smart labels is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The low labor costs, excellent industrialization, a huge scope for FDI, emerging economic conditions, and an excellent hold on industries such as automotive, retail, manufacturing, construction, and healthcare have played a key role in the growth of the market for smart labels in the Asia-Pacific region.
Table of Contents
1 Introduction (Page No. – 25)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered for the Study
1.5 Currency
1.6 Stakeholders
1.7 Limitations
2 Research Methodology (Page No. – 29)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Impact of Key Factors Influencing the Parent Industry
2.1.2.4 Extensive Research & Development
2.1.2.5 Labeling Equipment and Technologies
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.5 Research Assumptions & Limitations
2.5.1 Assumptions
2.5.2 Limitations
3 Executive Summary (Page No. – 39)
3.1 Introduction
4 Premium Insights (Page No. – 44)
Continued…
