Smart Labels Market 2020, Trends, Analysis, Opportunities, Share & Forecast -2025 | Muehlbauer Holding Ag & Co.,Thinfilm Electronics,SATO Holdings,Zebra Technologies Corporation,Smartrac N.V.,Metra Blansko,Advantech U.S.,Alien Technology Inc.,Avery Dennis

Smart labels are product recognition slips that comprise advanced technologies than traditional bar code data. RFID tags, EAS (Electronic Article Surveillance) tags, and QR codes are the most common developments in smart labels. The smart labels are manufactured by the combination of three technologies including optical character recognition, radio code, and plain text.

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Based on their various application, smart labels can be categorized into printable labels, chip labels, and electronic labels. However, with the development of smart labels, they can be used to identify sour food in the refrigerator. Many industries have already adopted this technology due to its ability to access the information instantly.

Key Market Players

Muehlbauer Holding Ag & Co.,Thinfilm Electronics,SATO Holdings,Zebra Technologies Corporation,Smartrac N.V.,Metra Blansko,Advantech U.S.,Alien Technology Inc.,Avery Dennison,CCL Industries Inc.,Graphic Label, Inc.,Invengo Information Technology Co., Ltd.,Others

Key Market Drivers and Restraints:

Smart labels improve inventory management

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Rising use of smart labels in various industries such as retail, logistics, and transportation in order to gain a high level of accuracy and productivity in business operation. Smart label adoption in the retail sector improves product and inventory management which in turn results in advanced data warehouse management. Smart label adoption in the retail sector further optimizes the process and reduces labour cost by decreasing the number of handheld scanners. Further, increasing demand for safety measures against loss, shoplifting, theft, and counterfeiting around the world is anticipated to drive the global smart labels market growth over the forecasted period.

Increasing adoption of smart labels for the enhancement of product branding

The use of smart labels in the packaging industry has created a significant opportunity for marketers in the near future. Most of the product brands are turning to package as a way to give consumers improved experiences in the store, at home and online. Smart labels develop connected packaging that brings the interaction and engagement of the online world to the consumer moment, which ultimately drives the product purchasing. Packages in a home containing smart labels can enhance brand engagement and increase product interactions.

Key End-User:

Healthcare & pharmaceutical end-user industry holds the largest market share

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Retail, food & beverage, healthcare & pharmaceutical, automotive, transportation & logistics, and others are some of the end-use industries analysed in this market. Among these, the healthcare & pharmaceutical industry is expected to have a significant market share during the analysis period. In order to become smart, hospitals, labs and other supply chain members are adopting smart labelling technologies such as RFID, etc. With the help of RFID, they can track and trace pallets of medication and every blood sample. In addition to this, they can monitor the temperature of heat-sensitive drugs and have real-time visibility into inventory.

Regional Market Scenario:

Asia-Pacific will be the fastest region in terms of CAGR in this market

Geographic regions included in the global smart labels market study are Asia Pacific, Europe, North America, South America, and Middle East & Africa along with its major countries. Among these regions, Asia Pacific is expected to grow significantly in the global market in a given forecasted period. This can be attributed due to the rising necessity for smart solutions and the growing use of smart labels in numerous industries such as manufacturing, retail, and healthcare in countries like China, Japan, and India. Moreover, North America is anticipated to have the largest share in the overall smart labels market. The reason behind this large market share is the rising utilization of smart devices and digital technology.

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Market Segments: Cognitive Radio Market

By Type
Near Field Communication (NFC) Tags
Electronic Article Surveillance (EAS) Labels
Radio Frequency Identification (RFID) Labels
Others
By Application
Inventory Management
Perishable Goods
Packaging
Others
By End-User
Retail
Food & Beverage
Healthcare & Pharmaceutical
Automotive
Transportation & Logistics
Others
By Region (tentative)
North America
US
Canada
Mexico
Europe
Germany
France
UK
Russia
Asia Pacific
China
India
South Korea
Japan
South-East Asia
The Middle East and Africa
Saudi Arabia
South America
Brazil

Key Sources

Industry Associations
Patent Websites
Company Annual Reports
Company Websites
Key industry leaders
Technology consultants
Others

Key Questions Answered

What are the key growth regions and countries?
What are the important types and technologies being used?
What are the market players doing, in terms of research and development?
Which are the new applications for this market?
What are the integrations happening?
What are the recent news, developments, mergers, or large value deals?

Key Stakeholders

Subcomponent Manufacturers
Communication Equipment Manufacturers
Technology Support Providers
Original Equipment Manufacturers (OEMs)
Software Service Providers
Regulatory Authorities
Research and Innovation Organizations
Technocrats
Suppliers and Distributors
Other Channel Partners
Quality Control Organizations
Environmental Authorities

About US:

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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This release was published on openPR.