Press release
Smart Label Market Growth Propelled by IoT Integration, Anti-Counterfeiting Measures, and Advancements in Retail Industry: 2025 Global Market Report
Smart Label Market Growth
CAGR Poised at 15.6% with Market Scaling to $12.5 Billion in 2025; Enhancing Supply Chain Efficiency and Addressing Counterfeit Concerns Key Market Drivers
What Is The Projected Market Size Of The Global Smart Label Market And Its Growth Rate?
The smart label market has displayed swift expansion in recent periods. Significant growth parameters include -
• Market size growing from $10.82 billion in 2024 to $12.5 billion in 2025, indicating a significant CAGR of 15.6%
• Factors championing this growth encompass retailer demand for efficiency, supply chain optimization, cost reduction strategies, increased counterfeit concerns, and data analytics integration
• Future projections forecast the market size reaching $21.82 billion in 2029, signifying a robust CAGR of 14.9%
• This growth trajectory can be attributed to brand authentication, consumer demand for sustainability, e-commerce growth, personalized consumer experiences, health, and safety concerns, as well as a connected packaging ecosystem.
What Is Driving The Growth In The Smart Label Market?
The surge in demand from end-user industries like food and beverages is a significant factor in driving the smart label market's upward trajectory. Smart labels augment product traceability, which is instrumental in verifying the food's origin as a measure against counterfeit goods. Consequently, the rise in demand from the food and beverage industry fuels the smart label market's growth. For example, the Food & Drink Federation, a representative organization for the UK's food and drink manufacturers, reported a 31% increase in food and drink exports in 2022 compared to 2021. Coupled with the food and beverages industry's turnover hitting US$3.52 billion in 2022, accounting for 33% of the total Scottish manufacturing, the rise in smart label demand becomes evident.
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Who Are the Key Players Driving Smart Label Market Growth?
Principal enterprises propelling the smart label market growth include:
• Avery Denison Corporation
• CCL Industries Inc.
• Checkpoint Systems Inc.
• Thin Film Electronics ASA
• Alien Technology Inc.
• Zebra Technologies Corporation
• SATO Holdings Corporation
• Invengo Technology Pte. Ltd.
• Advantech Pvt. Ltd.
• Muehlbauer Holding AG & Co. KGaA
• Smartrac N.V.
• Multi-Color Corporation
• SML Group Limited
• Centre for Process Innovation
• PRAGMATIC SEMICONDUCTOR LIMITED
• Smart Planet Technologies Inc.
• Adrich
• Uwitechnology Ltd.
• Cypak AB
• General Mills Inc.
• William Frick & Company
• Honeywell International Inc.
• Scanbuy Inc.
What Are The Key Trends In The Smart Label Market?
Principal trends affecting the smart label market projected for the forecast period include:
• IoT integration
• QR code proliferation
• Anti-counterfeiting measures
• Product innovations
• Mobile app integration
What Are The Segments Of The Global Smart Label Market?
The various segments of the smart label market include:
1) By Component: Batteries, Transceivers, Microprocessors, Memories, Other Components
2) By Labeling Technology: Radio Frequency Identification (RFID), NFC Tags, Electronic Article Surveillance (EAS), Sensing Labels, Electronics Shelf Labels
3) By Printing Technology: Flexographic Smart Labels, Digital Smart Labels, Gravure Smart Labels, Screen Smart Labels
4) By Application: Retail Inventory, Perishable Goods
5) By End-User: Retail, Healthcare And Pharmaceuticals, Food And Beverages, Consumer Electronics, Supply Chain and Logistics, Transportation, Other End Users
Which Region Leads The Smart Label Market?
North America held the top spot in the smart labels market in 2024. However, Asia-Pacific is projected to be the fastest-growing region in the smart label market during the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Smart Label Global Market Report?
- Market Size Analysis: Analyze the Smart Label Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Label Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Label Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Label Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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