- Category : Manufacturing and Transportation
- Region : Global
- Publishing Date : 07/29/2020
Global Smart Labels Market by Technology (RFID, Electronic Article Surveillance Label, Sensing Label, and Dynamic Display Label), End-use Industry (Food & Beverage, Healthcare & Pharmaceutical, Automotive, FMCG, Logistics, Retail, and Others), Application, and Region - Industry Analysis and Forecast to 2025.
The RFID technology with sensing labels is expected to change the overall smart labels market scenario and in turn will lead to transformational growth during the forecast period.
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global smart labels market. The historic years considered for the study are 2016-2018, base year is 2019, estimated year is 2020, and forecasted period is 2021-2025.
The global smart labels market is expected to grow from USD 7.54 billion in 2020 to USD 18.15 billion by 2025 at a CAGR of 14.3%.
Smart Labels Market: Market Dynamics
Smart labels are finding its popularity in retail, healthcare and logistics sectors among others. It helps to achieve greater efficiencies and profitability thus enhancing the traceability of the product from warehouse to the distribution center. These labels enable smart supply chains and very vital in marketing and advertising of consumer products. With the emergence of big data and internet of things (IoT), the industry is expected to flourish during the forecast period.
Technological advancements that offer real time tracking simultaneous identification and ability to reprogram in retail and logistics verticals are expected to fuel smart labels market growth. The penetration of smart labels in assets and merchandises tracking is also contributing to the industry growth.
The Higher implementation cost coupled with low mechanical susceptibility is hampering the growth of the market.
Smart Labels Market: Segmental Analysis
The global smart labels market is classified into technology, applications, and end-use industry.
Based on technology, the smart labels market is segmented into RFID, EAS, Sensing, NFC tags, and dynamic display or electronic shelf. The RFID technology segment is projected to witness highest growth during the forecast period. RFID systems are highly preferred for synchronized inventory management and supply chain management systems.
Based on applications, the smart labels market is segmented into equipment, electronic & IT asset, pallet, retail & inventory tracking, security access, perishable goods, smart wrist bands for patient care, and reusable goods. Use of sensing labels in the perishable goods sector is expected to grow over the future. These sensing labels track changes in oxygen, temperature, and other environmental factors.
The end users of smart labels market include retail, FMCG, logistics, automotive, manufacturing, aerospace, healthcare, postal services and construction.
The market is anticipated to pose greater demand across the healthcare sector.
Smart Labels Market: Regional Analysis
Geographically, the market is divided into North America, Europe, Latin America, and Middle East and Africa. North America is the largest market with the US contributing for major share. The country is led by retails giants as they use RFID tags frequently.
However, Asia-Pacific is anticipated to witness highest growth rate owing to the emerging economies such as China and India.
Smart Labels Market: Competition Scenario
Key players of the market, includes Avery Dennison Corporation, CCL Industries Inc., Toshiba Global Commerce Solutions, Inc., Muhlbauer Holding Ag & Co. KGaA., Smartrac N.V., Thin Film Electronics ASA, Advantech US, Zebra Technologies, Metra Blansko, Graphic Label, Inc., Invengo Technology BV, and Checkpoint Systems.
Critical Questions Answered in the Report
What are the key trends in the global smart labels market?
How the market (and its various sub segments) has grown in last four years and what would be the growth rate in next five years?
What are the key strategies adopted by the major vendors to lead in the global smart labels market?
What is the market share of the top vendors?
The study extensively uses both secondary and primary research methodologies. More than 100 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Technological improvements
4.3 Restraints
4.3.1 High implementation cost.
4.4 Porter's Five Forces Model Analysis
4.5 Value Chain Analysis
4.6 Regulatory Landscape
5 Global Smart Labels Market, By Technology
5.1 Introduction
5.2 RFID
5.3 Electronic Article Surveillance Label
5.4 Sensing Label
5.5 Dynamic Display Label
6 Global Smart Labels Market, By End-use Industry
6.1 Introduction
6.2 Food & Beverage
6.3 Healthcare & Pharmaceutical
6.4 Automotive
6.5 Fast-Moving Consumer Goods (FMCG)
6.6 Logistics
6.7 Retail
6.8 Others
7 Global Smart Labels Market, By Application
7.1 Introduction
7.2 Retail Inventory
7.3 Perishable Goods
7.4 Others
8 Global Smart Labels Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Rest of Asia-Pacific
8.5 Middle East and Africa
8.6 South America
9 Competitive Landscape
9.1 Introduction
9.2 Vendor Evaluation Criteria
9.3 Market Share Analysis, 2019 (%)
9.4 Recent Developments, 2016-2019
9.4.1 New Product Launches
9.4.2 Partnerships
9.4.3 Mergers or Acquisitions
9.4.4 Business Expansions
10 Company Profiles
(This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.)
10.1 Avery Dennison Corporation
10.2 CCL Industries Inc.
10.3 Toshiba Global Commerce Solutions, Inc.
10.4 Muhlbauer Holding Ag & Co. KGaA.
10.5 Smartrac N.V.
10.6 Thin Film Electronics ASA
10.7 Advantech US
10.8 Zebra Technologies
10.9 Metra Blansko
10.10 Graphic Label, Inc.
10.11 Invengo Technology BV
10.12 Checkpoint Systems
11 Appendix
11.1 Discussion Guide
11.2 Customization Options
11.3 Related Reports
List of Tables
Table 1 Global Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 2 Global Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 3 Global Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 4 Global Smart Labels Market, By Region, 2016-2025 (USD Million)
Table 5 North America Smart Labels Market, By Country, 2016-2025 (USD Million)
Table 6 North America Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 7 North America Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 8 North America Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 9 US Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 10 US Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 11 US Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 12 Canada Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 13 Canada Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 14 Canada Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 15 Mexico Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 16 Mexico Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 17 Mexico Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 18 Europe Smart Labels Market, By Country, 2016-2025 (USD Million)
Table 19 Europe Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 20 Europe Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 21 Europe Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 22 Germany Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 23 Germany Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 24 Germany Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 25 UK Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 26 UK Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 27 UK Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 28 France Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 29 France Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 30 France Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 31 Italy Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 32 Italy Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 33 Italy Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 34 Spain Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 35 Spain Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 36 Spain Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 37 Rest of Europe Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 38 Rest of Europe Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 39 Rest of Europe Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 40 Asia-Pacific Smart Labels Market, By Country, 2016-2025 (USD Million)
Table 41 Asia-Pacific Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 42 Asia-Pacific Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 43 Asia-Pacific Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 44 China Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 45 China Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 46 China Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 47 India Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 48 India Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 49 India Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 50 Japan Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 51 Japan Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 52 Japan Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 53 South Korea Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 54 South Korea Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 55 South Korea Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 56 Rest of Asia-Pacific Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 57 Rest of Asia-Pacific Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 58 Rest of Asia-Pacific Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 59 Middle East and Africa Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 60 Middle East and Africa Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 61 Middle East and Africa Smart Labels Market, By Application, 2016-2025 (USD Million)
Table 62 South America Smart Labels Market, By Technology, 2016-2025 (USD Million)
Table 63 South America Smart Labels Market, By End-use Industry, 2016-2025 (USD Million)
Table 64 South America Smart Labels Market, By Application, 2016-2025 (USD Million)
List of Figures
Figure 1 Global Smart Labels Market: Market Segmentation
Figure 2 Global Smart Labels Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Smart Labels Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Smart Labels Market: Porter's Five Forces Model Analysis
Figure 9 Global Smart Labels Market: Value Chain Analysis
Figure 10 Global Smart Labels Market Share Analysis, By Technology, 2020 and 2025
Figure 11 Global Smart Labels Market Share Analysis, By End-use Industry, 2020 and 2025
Figure 12 Global Smart Labels Market Share Analysis, By Application, 2020 and 2025
Figure 13 Global Smart Labels Market Share Analysis, By Region, 2020 and 2025
Figure 14 North America Smart Labels Market Share Analysis, By Country, 2020 and 2025
Figure 15 North America Smart Labels Market Share Analysis, By Technology, 2020 and 2025
Figure 16 North America Smart Labels Market Share Analysis, By End-use Industry, 2020 and 2025
Figure 17 North America Smart Labels Market Share Analysis, By Application, 2020 and 2025
Figure 18 Europe Smart Labels Market Share Analysis, By Country, 2020 and 2025
Figure 19 Europe Smart Labels Market Share Analysis, By Technology, 2020 and 2025
Figure 20 Europe Smart Labels Market Share Analysis, By End-use Industry, 2020 and 2025
Figure 21 Europe Smart Labels Market Share Analysis, By Application, 2020 and 2025
Figure 22 Asia-Pacific Smart Labels Market Share Analysis, By Country, 2020 and 2025
Figure 23 Asia-Pacific Smart Labels Market Share Analysis, By Technology, 2020 and 2025
Figure 24 Asia-Pacific Smart Labels Market Share Analysis, By End-use Industry, 2020 and 2025
Figure 25 Asia-Pacific Smart Labels Market Share Analysis, By Application, 2020 and 2025
Figure 26 Middle East and Africa Smart Labels Market Share Analysis, By Technology, 2020 and 2025
Figure 27 Middle East and Africa Smart Labels Market Share Analysis, By End-use Industry, 2020 and 2025
Figure 28 Middle East and Africa Smart Labels Market Share Analysis, By Application, 2020 and 2025
Figure 29 South America Smart Labels Market Share Analysis, By Technology, 2020 and 2025
Figure 30 South America Smart Labels Market Share Analysis, By End-use Industry, 2020 and 2025
Figure 31 South America Smart Labels Market Share Analysis, By Application, 2020 and 2025
Figure 32 Global Smart Labels Market: Competitive Benchmarking
Figure 33 Global Smart Labels Market: Vendor Share Analysis, 2020 (%)