Global Smart Labels Market is Expected to Reach $12.6 Billion by 2022

According to Stratistics MRC, the Global Smart Labels market is estimated to be $3.95 billion in 2015 and is expected to reach $12.6 billion by 2022 growing at a CAGR of 18.0% from 2015-2022. Some of the key factors that drive the market growth include tracking time reduction, reusability of products instead of multiple existing technologies, consistent & simple real-time tracking and safety against theft, loss, and counterfeiting. However, additional cost obtained due to the use of smart labels and poor standards have negatively affected the market size. Furthermore, there are several potential growth opportunities like growing demand in logistics, scientific developments in printed electronics and huge opportunities in end user industries.

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Healthcare segment is anticipated to grow at a highest growth rate. By geography, Asia Pacific is witnessed to grow at a highest CAGR during the forecast period due to expanding industries such as retail, healthcare and manufacturing.

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Some of the key players in this market include CCL Industries, Inc, Checkpoint Systems, Inc., Avery Dennison Corporation, Muhlbauer Holding Ag & Co. Kgaa, Sato Holdings Corporation, Alien Technology Inc, Invengo Information Technology Co., Ltd, Smartrac N.V., Thin Film Electronics ASA and ASK S.A.

Technology Covered:
Electronic Article Surveillance Labels (EAS)
Radio-frequency identification(RFID)
Sensing Labels
Electronic shelf/dynamic display labels
Near Field Communication (NFC) Tags
Non EAS/RFID

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Application Covered:
Electronics and IT asset
Retail & Inventory tracking
Pallet
Perishable goods
Electronics and IT asset
Others

Component Covered:
Batteries
Microprocessors
Memories
Transceivers
Others

End User Covered:
Retail
Automotive
Manufacturing
Logistics
Healthcare
Fast-moving consumer goods (FMCG)
Other end users

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Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

What our report offers:
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