Smart Labels Market | Key players operating in the market include CCL Industries, Inc., Checkpoint Systems, Inc., Avery Dennison Corporation, Sato Holdings Corporation, Smartrac N.V., Zebra Technologies, Thin Film Electronics ASA, ASK S.A., Graphic Label,

According to recent market research "Smart Labels Market by Technology (EAS, RFID, Sensing, ESL, NFC tags), Components (Batteries, Transceivers, Microprocessors, Others), Application (Retail Inventory, Perishable Goods, Electronic & IT asset, Others), End-use Industry - Forecast to 2021", The market for smart labels is projected to grow from USD 4.45 Billion in 2016 to USD 10.03 Billion by 2021, at an estimated CAGR of 17.65%.

The market for smart labels is growing due to increasing demand in industries such as retail, healthcare, FMCG, packaging, construction, and automotive. Along with the same, the need for automated and streamlined operations in the enterprises has fostered the market for smart labels.

Browse 192 market data Tables and 77 Figures spread through 282 Pages and in-depth TOC on "Smart Labels Market - Forecast to 2021"
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RFID labels to gain maximum traction during the forecast period

RFID labels are highly preferred to maintain the synchronized supply chain management and inventory management systems in the organization. Due to the traceability property of RFID labels, they are used in a variety of end-use industries such as automotive, retail, healthcare, manufacturing, and FMCG. Combined with an asset tracking software program, RFID labels are the foundation for a synchronize process of repairs, maintenance, and inventory control for enterprises. In addition, RFID labels are very crucial label types when it comes to maintaining the true authenticity of products.
Perishable goods segment is projected to grow at the fastest rate during the forecast period
Smart labels market is segmented on the basis of application into electronics & IT asset, equipment, retail & inventory tracking, pallets, perishable goods, and others. In 2015, the retail & inventory tracking segment accounted for the largest share of the application segment. The perishable goods segment is projected to grow at a highest CAGR during the forecast period. Changes in temperature, oxygen, carbon dioxide, and other environmental factors could degrade the quality of the perishable goods; therefore, smart labels, especially sensing labels, are preferred heavily in the food & beverages and healthcare industries.

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Asia-Pacific to play a key role in the market for smart labels

On the basis of key regions, the market for smart labels is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The low labor costs, excellent industrialization, a huge scope for FDI, emerging economic conditions, and an excellent hold on industries such as automotive, retail, manufacturing, construction, and healthcare have played a key role in the growth of the market for smart labels in the Asia-Pacific region.

The scope of the report covers detailed information regarding the major factors influencing the growth of the market for smart labels such as drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, agreements, and recent developments associated with the market for smart labels.

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The growth of the smart labels market was largely influenced by new product launches in the past years. The year 2014 experienced a large number of investment strategies being used by top players in the market. Agreements & partnership, new product launches, and investments & expansions formed an essential part of their strategies, which led to the flow of considerable income within the company. To maintain the competitive advantages on the competitors, top players emphasized on new product launches. Along with the same, top players focused on signing agreements & partnership with others to expand the business operations.

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