openPR Logo
Press release

Smart Labels Market Size to Surpass US$ 29.7 Billion by 2032, exhibiting a CAGR of 11.4%

03-05-2024 01:30 PM CET | IT, New Media & Software

Press release from: IMARC Group

Smart Labels Market

Smart Labels Market

The latest report by IMARC Group, titled "Smart Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the industry, which comprises insights on smart labels market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global smart labels market size reached US$ 10.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.7 Billion by 2032, exhibiting a growth rate (CAGR) of 11.4% during 2024-2032.

Get a Sample Copy of this Report: https://www.imarcgroup.com/smart-labels-market/requestsample

Factors Affecting the Growth of the Smart Labels Industry:

• Technological Advancements:

Technological advancements play a pivotal role in driving the growth of the smart labels industry. With the rapid evolution of IoT (Internet of Things), RFID (Radio-Frequency Identification), and NFC (Near Field Communication) technologies, smart labels have become increasingly sophisticated and versatile. These advancements have enabled smart labels to offer enhanced functionalities such as real-time tracking, temperature monitoring, tamper-evidence, and product authentication. Additionally, the miniaturization of electronic components has facilitated the integration of advanced features into smaller and more cost-effective smart labels. As a result, industries ranging from retail and healthcare to logistics and manufacturing are increasingly adopting smart labels to improve operational efficiency, ensure product authenticity, and enhance customer engagement.

• Rising Demand for Supply Chain Transparency and Traceability:

Another significant factor driving the growth of the smart labels industry is the increasing demand for supply chain transparency and traceability across various sectors. In an era marked by globalization and heightened concerns over product safety and authenticity, businesses are under growing pressure to establish robust traceability mechanisms throughout their supply chains. Smart labels, equipped with unique identifiers and tracking capabilities, enable stakeholders to monitor the movement of goods from production facilities to end consumers accurately. By leveraging smart labels, organizations can enhance visibility into their supply chains, mitigate risks associated with counterfeiting and diversion, and comply with regulatory requirements. This growing emphasis on supply chain transparency and traceability is propelling the adoption of smart labels across industries, driving market growth.

• Shift Towards IoT-enabled Solutions:

The increasing adoption of IoT-enabled solutions across industries is driving the growth of the smart labels industry. Smart labels, integrated with IoT sensors and connectivity technologies, enable real-time data capture and communication, transforming conventional labels into powerful data collection and management tools. By leveraging IoT-enabled smart labels, businesses can monitor product conditions (such as temperature, humidity, and location) in real-time, enabling proactive decision-making and quality control. Moreover, IoT-enabled smart labels facilitate seamless integration with existing enterprise systems, enabling automated data exchange and workflow optimization. As organizations seek to harness the potential of IoT for enhancing operational efficiency and gaining actionable insights, the demand for IoT-enabled smart labels is expected to witness substantial growth, driving the expansion of the smart labels industry.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/smart-labels-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Avery Dennison Corporation
• CCL Industries Inc
• Checkpoints Systems, Inc
• Zebra Technologies Corporation
• Intermec, Inc.
• Invengo Information Technology Co Ltd
• Sato Holdings Corporation
• Thin Film Electronics ASA
• Smartrac N.V.
• Muehlbauer Holding AG

Smart Labels Market Report Segmentation:

Breakup by Type:

• RFID
• Electronic Article Surveillance
• Electronic Shelf Label
• Sensing Label
• Near Field Communication

RFID technology dominated the smart labels market due to its widespread adoption across various industries for inventory management, asset tracking, and supply chain optimization.

Breakup by Component Type:

• Batteries
• Transceivers
• Microprocessors
• Memories
• Others

Batteries emerged as the largest segment in the smart labels market as they power the functionalities of smart labels, enabling continuous operation and data transmission for extended periods.

Breakup by End-user:

• Retail
• Logistics and Transportation
• Healthcare
• Food and Beverage
• Aerospace
• Data Centers
• Libraries
• Others

Retail emerged as the largest end-user segment in the smart labels market due to the increasing adoption of smart labels for inventory management, product authentication, and enhancing customer engagement in the retail sector.

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

North America's dominance in the smart labels market is attributed to the early adoption of advanced technologies, robust infrastructure, and the presence of key players driving innovation and market growth in the region.

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Global Smart Labels Market Trends:

The global market is primarily driven by the growing demand for efficient inventory management and supply chain optimization solutions across industries. Additionally, government regulations and mandates regarding product traceability and labeling standards are driving the adoption of smart labels, further driving market growth.

Moreover, the increasing emphasis on sustainability and environmental responsibility is prompting businesses to adopt smart labels as part of their green initiatives, is impelling market growth. Furthermore, the rise of e-commerce and omnichannel retailing is creating opportunities for smart labels to optimize order fulfillment processes, enable seamless inventory management, and enhance customer experiences through personalized marketing and product recommendations is driving market growth.

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Labels Market Size to Surpass US$ 29.7 Billion by 2032, exhibiting a CAGR of 11.4% here

News-ID: 3412769 • Views:

More Releases from IMARC Group

Global Endoscopy Devices Market Size, Share And Forecast Report 2025-2033
Global Endoscopy Devices Market Size, Share And Forecast Report 2025-2033
Overview of the Endoscopy Devices Market: The endoscopy devices market is a vital segment of the global medical devices industry, focusing on instruments used to visualize and access the interior of a body cavity or organ. Endoscopy is a minimally invasive procedure that allows healthcare professionals to diagnose and treat various medical conditions with greater precision and reduced recovery times compared to traditional surgical methods. The market encompasses a wide range
Frozen Pizza Manufacturing Plant Setup Report 2025- Detailed Project Cost and Machinery Requirements
Frozen Pizza Manufacturing Plant Setup Report 2025- Detailed Project Cost and Ma …
Frozen pizza is a ready-to-cook food product made by partially baking a pizza base, adding toppings such as cheese, vegetables, meats, and sauces, and then freezing it for preservation. It offers consumers a convenient meal option with an extended shelf life, requiring minimal preparation and baking time. Widely popular across global markets, frozen pizza caters to diverse taste preferences and dietary requirements, including vegetarian, vegan, and gluten-free options. Setting up a
Palm Oil Processing Plant Cost Report 2025: Machinery, Raw Materials, and Financial Outlook
Palm Oil Processing Plant Cost Report 2025: Machinery, Raw Materials, and Financ …
Setting up a palm oil processing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations. IMARC Group's report titled "Palm Oil Processing Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a palm oil
Global Chatbot Market Report 2025: Size Projected USD 44.49 Billion, CAGR of 20.40% by 2033.
Global Chatbot Market Report 2025: Size Projected USD 44.49 Billion, CAGR of 20. …
According to the latest report by IMARC Group, titled "Chatbot Market Size, Share, Trends and Forecast by Type, Product, Application, Organization Size, Vertical, and Region, 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global chatbot market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global chatbot market size was valued at USD 6.95 Billion in 2024. Looking forward,

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency