The growing retail sector and increased security concerns related to anti-theft are the key drivers of smart labels market. With the rapid growth of retail and manufacturing sector, the demand for smart labels has gone up in merchandise and asset tracking. This is backed by the unique features of smart labels such as re-programmability, simultaneous identification, real time tracking and usage across various industries which have led to the growth of the global smart labels market.
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The key players of Global Smart Labels Market report include- CCL Industries Inc., Invengo Information Technology Co. Ltd., Checkpoint Systems Inc., Avery Dennison Corporation, Displaydata Ltd., Sato Holdings Corporation, Smartrac N.V., Willian Frick & Company, Zebra Technologies Corporation, Intermec Inc., Thin Film Electronics ASA, ASK S.A., Graphic Label Inc., Alien Technology Inc. and Muhlbauer Holding Ag & Co. Kgaa.
Global Smart Labels Market – Segmentations
The global smart labels market is segmented into four key dynamics;
By Types: RFID, Electronic Shelf Label, and Sensing Label, among others.
By Application: Electronic & IT asset, Retail, and Perishable goods, among others.
By End-use industries: Healthcare & pharmaceuticals, Manufacturing & Retail, Automotive, logistics, and FMCG among others.
By Region: North America, Europe, APAC and the Rest-of-the-World.
Global Smart Labels Market – Regional Analysis
The smart labels market in the Asia Pacific region is witnessing a rapid expansion stage due to the growing markets in China, Japan, and India. The wide adoption of these labels across the manufacturing sector is the key force driving the market growth in India and China, and placing these countries at the leading positions contributing the market growth in the region.
The APAC market of smart labels has been valued substantially which is expected to grow further by the end of the forecast period. Besides, the rapid economic growth allowing substantial investments in the retail sector along with the growing manufacturing industries and the security concerns rising alongside induce the demand for smart labels.
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North American region closely following the market in the APAC is emerging as one of the lucrative markets for smart labels. Technological advancement and increased adoption of smart labels across various industry verticals are some of the key driving forces substantiating the market growth. Simultaneously, augmented demand & availability of quality smart labels is driving the growth in the region.
The European region is another promising market for smart labels and is expected to witness a fabulous growth during the review period. The increasing adoption of smart labels by small and medium scale businesses and increasing number of data centers is stimulating the market growth in the region.
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