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Global Smart Labels Market to reach USD 26.52 billion by 2027.

Global Smart Labels Market Size study, by Labelling Technology (RFID, NFC Tags, EAS, Sensing Labels, Electronics Shelf Labels) Printing Technology (Flexographic, Digital, Gravure, Screen) End-Use (Healthcare, Automotive, FMCG, Logistics, Retail, Others) and Regional Forecasts 2020-2027

Product Code: OIRIGAS_44845395
Publish Date: 7-07-2020
Page: 200

Global Smart Labels Market is valued approximately USD 7.21 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 17.68 % over the forecast period 2020-2027. Smart Label is ana flat configured transponder under a conventional print coded label which includes chip, antenna and bonding wires. A smart label is designed to implement advanced technology which leads to advantageous features such as automated reading, quick identification, re-programmability, high tolerance, and reduced errors. As a result, it is being preferred over conventional bar code systems in retail, FMCG, and logistics industries. These are mostly made from plastics, paper, and fibers. The market for smart labels is growing due to growth in industries such as retail, healthcare, manufacturing and Others along with the rise in demand of automated labels such as RFID and EAS. A smart label is designed to receive, record, and transmit digital information which results in a significant reduction of total tracking time. Thus, rising industrial utilization aids to minimize human intervention and errors, owing to its accuracy and efficiency driving the market growth. As in September 2020, Ynvisible Interactive Inc partnered with Agiler Oy, a Finnish high tech company, to develop a prototype of a smart label technology that can verify whether the surfaces in Public spaces have been successfully sterilized or not using modern UVC sterilization technology. Further, increasing investments by companies to improve anti-theft systems preventing inventory damage and revenue loss supports the market growth. In addition, surge in demand for global smart labels market is driven by its capability to provide real-time visibility of the product and rise in demand from the packaging industry. However, lack of uniformity in standardized guidelines impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Smart Labels market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology and well established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing manufacturing facilities and increasing penetration of IoT would create lucrative growth prospects for the Smart Labels market across Asia-Pacific region.

Major market player included in this report are:
Honeywell International Inc.
Avery Denison Corporation
CCL Industries Inc.
Zebra Technologies Corporation
SATO Holdings Corporation
Checkpoint Systems Inc.
Thin Film Electronics ASA
Muehlbauer Holding AG
Invengo Technology Pte. Ltd.
Smartrac N.V
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Labelling Technology:
NFC Tags
Sensing Labels
Electronics Shelf Labels
By Printing Technology:
By End-Use:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Smart Labels Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Smart Labels Market, by Region, 2018-2027 (USD Billion)
1.2.2. Smart Labels Market, by Labelling Technology, 2018-2027 (USD Billion)
1.2.3. Smart Labels Market, by Printing Technology, 2018-2027 (USD Billion)
1.2.4. Smart Labels Market, by End-Use, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Labels Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Labels Market Dynamics
3.1. Smart Labels Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart Labels Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Labels Market, by Labelling Technology
5.1. Market Snapshot
5.2. Global Smart Labels Market by Labelling Technology, Performance – Potential Analysis
5.3. Global Smart Labels Market Estimates & Forecasts by Labelling Technology 2017-2027 (USD Billion)
5.4. Smart Labels Market, Sub Segment Analysis
5.4.1. RFID
5.4.2. NFC Tags
5.4.3. EAS
5.4.4. Sensing Labels
5.4.5. Electronics Shelf Labels
Chapter 6. Global Smart Labels Market, by Printing Technology
6.1. Market Snapshot
6.2. Global Smart Labels Market by Printing Technology, Performance – Potential Analysis
6.3. Global Smart Labels Market Estimates & Forecasts by Printing Technology 2017-2027 (USD Billion)
6.4. Smart Labels Market, Sub Segment Analysis
6.4.1. Flexographic
6.4.2. Digital
6.4.3. Gravure
6.4.4. Screen
Chapter 7. Global Smart Labels Market, by End-Use
7.1. Market Snapshot
7.2. Global Smart Labels Market by End-Use, Performance – Potential Analysis
7.3. Global Smart Labels Market Estimates & Forecasts by End-Use 2017-2027 (USD Billion)
7.4. Smart Labels Market, Sub Segment Analysis
7.4.1. Healthcare
7.4.2. Automotive
7.4.3. FMCG
7.4.4. Logistics
7.4.5. Retail
7.4.6. Others
Chapter 8. Global Smart Labels Market, Regional Analysis
8.1. Smart Labels Market, Regional Market Snapshot
8.2. North America Smart Labels Market
8.2.1. U.S. Smart Labels Market Labelling Technology breakdown estimates & forecasts, 2017-2027 Printing Technology breakdown estimates & forecasts, 2017-2027 End-Use breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Smart Labels Market
8.3. Europe Smart Labels Market Snapshot
8.3.1. U.K. Smart Labels Market
8.3.2. Germany Smart Labels Market
8.3.3. France Smart Labels Market
8.3.4. Spain Smart Labels Market
8.3.5. Italy Smart Labels Market
8.3.6. Rest of Europe Smart Labels Market
8.4. Asia-Pacific Smart Labels Market Snapshot
8.4.1. China Smart Labels Market
8.4.2. India Smart Labels Market
8.4.3. Japan Smart Labels Market
8.4.4. Australia Smart Labels Market
8.4.5. South Korea Smart Labels Market
8.4.6. Rest of Asia Pacific Smart Labels Market
8.5. Latin America Smart Labels Market Snapshot
8.5.1. Brazil Smart Labels Market
8.5.2. Mexico Smart Labels Market
8.6. Rest of The World Smart Labels Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Honeywell International Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Avery Denison Corporation
9.2.3. CCL Industries Inc.
9.2.4. Zebra Technologies Corporation
9.2.5. SATO Holdings Corporation
9.2.6. Checkpoint Systems Inc.
9.2.7. Thin Film Electronics ASA
9.2.8. Muehlbauer Holding AG
9.2.9. Invengo Technology Pte. Ltd.
9.2.10. Smartrac N.V
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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