Just How Big Is The Smart Labels Market..? Here's What You Need to Know : Dominant labelling technology, Electronic Article Surveillance (EAS) and Sensing labels

According to the research findings from Future Market Insights’ report, titled “Smart Labels Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” nearly 400,000 thousand units of smart labels sold globally in 2016 were accounted by Radio-Frequency Identification (RFID) technology, which amounted to an estimated US$ 2,493.9 million. Surging demand for RFID tags in the global retail industry have instrumented the boost in sales of smart labels, globally. Furthermore, the advantages of RFID smart labels in maintaining, tracking and updating stock & inventory databases is predicted to continue driving their demand around the globe in the coming years.

Key highlights of the research report exhibit RFID as the dominant labelling technology, however, Electronic Article Surveillance (EAS) and sensing labels are also expected to gain traction while independently registering a rise at more than 16% CAGR over the forecast period. By the end of 2026, global retail industry will be the largest end-user of smart labels by procuring global revenue share of more than 30%. On the other hand, healthcare, automotive and logistics will be considered as lucrative end-user industries for smart labels, collectively accounting for sales of more than 1,561,000 thousand units by 2026-end.

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According to Future Market Insights,

The global market for smart labels amassed revenues worth US$ 4.7 billion in 2016, and is likely to reach US$ 22.6 billion market value by the end of 2026. During the forecast period, the global smart labels market size is anticipated to expand robustly at a CAGR of 17%.

Organized retail sector will continue to instrument rampant growth in global smart labels sales, while warehousing businesses in the world are expected to actively adopt smart labelling for their benefits in tracking products.

Growing sales of biologics and specialty drugs that require thermal-sensitive packaging are promoting the use of smart labels that are equipped with temperature-control functions. Smart labels will be integrated in drug monitoring systems across pharmaceutical manufacturers in the world, facilitating efficiency in transportation, anti-counterfeit measures, and damage control.

Flexographic and gravure printing technologies are predicted to dominate the global smart labels market in terms of revenues. Over the forecast period, more than US$ 8 billion revenues are will be accounted by flexographic smart labels, while smart labels manufactured through gravure printing technology will amass an estimated US$ 6.4 billion market value.

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Smart Labels Market Reports - Table of Contents
1. Executive Summary

2. Assumptions & Acronyms Used

3. Research Methodology

4. Market Overview

4.1. Introduction

4.1.1. Market Definition

4.1.2. Market Taxonomy

4.2. Product Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Trends

4.3.4. Opportunity

4.3.5. Value Chain

4.4. Global Smart Labels Market Forecast, 2014–2026

4.4.1. Market Volume (‘000’ Units) Forecast

4.4.2. Market Size (Value (US $ Mn)) Forecast

4.4.2.1. Y-o-Y Growth Projections

4.4.2.2. Absolute $ Opportunity

4.5. Global Smart Labels Market Snapshot (2016 and 2026)

4.5.1. Market Share By  Labelling Technology Type

4.5.2. Market Share By End Use

4.5.3. Market Share By Printing Technology

5. Global Smart Labels Market Analysis, By Labelling Technology Type

5.1. Introduction

5.1.1. Y-o-Y Growth Comparison, By Labelling Technology Type

5.1.2. Basis Point Share (BPS) Analysis, By Labelling Technology Type

5.1.3. Market Attractiveness Analysis, By Labelling Technology Type

5.2. Market Forecast By Labelling Technology Type

5.2.1. RFID

5.2.1.1. Market Value (US $ Mn) & Volume (‘000’ Units)

5.2.1.2. Absolute $ Opportunity

5.2.2. NFC tags

5.2.2.1. Market Value (US $ Mn) & Volume (‘000’ Units) 

5.2.2.2. Absolute $ Opportunity

5.2.3. Electronic Article Surveillance

5.2.3.1. Market Value (US $ Mn) & Volume (‘000’ Units) 

5.2.3.2. Absolute $ Opportunity

5.2.4. Sensing Labels

5.2.4.1. Market Value (US $ Mn) & Volume (‘000’ Units) 

5.2.4.2. Absolute $ Opportunity

5.2.5. Electronic Shelf Labels

5.2.5.1. Market Value (US $ Mn) ) & Volume (‘000’ Units) 

5.2.5.2. Absolute $ Opportunity

6. Global Smart Labels Market Analysis, By End Use

6.1. Introduction

6.1.1. Y-o-Y Growth Comparison, By End Use 

6.1.2. Basis Point Share (BPS) Analysis, By End Use

6.1.3. Market Attractiveness Analysis, By End Use

6.2. Market Forecast By End Use

6.2.1. Healthcare

6.2.1.1. Market Value (US $ Mn) & Volume (‘000’ Units) 

6.2.1.2. Absolute $ Opportunity

6.2.2. Automotive

6.2.2.1. Market Value (US $ Mn) & Volume (‘000’ Units)

6.2.2.2. Absolute $ Opportunity

6.2.3. FMCG

6.2.3.1. Market Value (US $ Mn) & Volume (‘000’ Units)

6.2.3.2. Absolute $ Opportunity

6.2.4. Logistics

6.2.4.1. Market Value (US $ Mn) & Volume (‘000’ Units) 

6.2.4.2. Absolute $ Opportunity

6.2.5. Retail

6.2.5.1. Market Value (US $ Mn) & Volume (‘000’ Units)

6.2.5.2. Absolute $ Opportunity

6.2.6. Others (Aerospace, library etc.)

6.2.6.1. Market Value (US $ Mn)  & Volume (‘000’ Units) 

6.2.6.2. Absolute $ Opportunity

7. Global Smart Labels Market Analysis, By Printing Technology

7.1. Introduction

7.1.1. Y-o-Y Growth Comparison, By Printing Technology

7.1.2. Basis Point Share (BPS) Analysis, By Printing Technology

7.1.3. Market Attractiveness Analysis, By End Use

7.2. Market Forecast By Printing Technology

7.2.1. Flexographic

7.2.1.1. Market Value (US $ Mn) & Volume (‘000’ Units) 

7.2.1.2. Absolute $ Opportunity

7.2.2. Digital

7.2.2.1. Market Value (US $ Mn) & Volume (‘000’ Units)

7.2.2.2. Absolute $ Opportunity

7.2.3. Gravure

7.2.3.1. Market Value (US $ Mn) & Volume (‘000’ Units) 

7.2.3.2. Absolute $ Opportunity

7.2.4. Screen

7.2.4.1. Market Value (US $ Mn) & Volume (‘000’ Units) 

7.2.4.2. Absolute $ Opportunity .....more

North America’s smart labels market is anticipated to procure over 40% of the global revenues, throughout the forecast period. Avery Dennison Corporation, CCL Industries Inc., Checkpoints Systems, Inc., Zebra Technologies Corporation, and Intermec, Inc., are some of the leading players in the global smart labels market that are based in the US and Canada. Smart label revenues in Asia-Pacific excluding Japan (APEJ) region are projected to rise at the fastest CAGR – 18.2%, while Western Europe smart labels market is likely to reach an estimated US$ 3.6 billion market value by the end of 2026. Other companies participating in the growth of global smart labels market include, Sato Holdings Corporation, Smartrac N.V., Invengo Information Technology Co Ltd., Thin Film Electronics ASA, and Muehlbauer Holding AG.

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Queries regarding the research findings can be addressed to Future Market Insights’ analysts at press@futuremarketinsights.com

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