Press release
Smart Labels Market - Advanced technologies & growth opportunities in global Industry
Smart labels as a part of advanced item identification and tracking technology are gaining wide acceptance for providing protection against counterfeiting, loss, and theft with minimal human intervention. These labels are increasingly being adopted by industries for as an automated means for validating provenance, tracking assets, and managing supply chain in a number of end-use industries including retail, aerospace, logistics, and automotive.Get an exclusive sample of this report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-2704
Various types of smart labels such as radio-frequency identification (RFID), near-field communication (NFC) tags, electronic article surveillance, and electronic shelf labels are increasingly being used in a variety of end-use applications for automated, real-time tracking. In recent years, constant advancements in sensor technology and tag printing technologies have led to the advent of smart labels equipped with several functionalities, benefitting areas such as food packing, pharmaceutical packaging, and cosmetics. The global smart labels market is projected to rise at a CAGR of 17.0% from 2016 to 2026, and is anticipated to be reach a valuation of US$22.6 billion by the end of the forecast period.
The report offers a critical and detailed assessment of key drivers and challenges, notable trends and opportunities, major technological advancements, the share and size of various segments, regulatory landscape, and competitive dynamics in various regions. The evidence-based insights form a useful guide for market participants in identifying lucrative avenues and imminent investment pockets over the forecast period.
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https://www.futuremarketinsights.com/reports/smart-labels-market
Smart Labels Market: Trends and Opportunities
The growing demand for an intelligent identification and tracking technology with minimal human intervention in the retail sector in various parts of the world is a key factor driving the global smart labels market. A burgeoning retail sector in several emerging and developed economies is a key factor providing a robust impetus to the market. The adoption of an integrated technology for real-time tracking of assets and products in several end-use areas such as healthcare, automotive, manufacturing, FMCG, logistics, retail, aerospace, and library is boosting the market in various regions. RFID-enabled smart labels and tags are gaining increased traction for enhancing and improving supply chain efficiencies and streamlining inventory management in various manufacturing industries.
The rising demand for anti-counterfeiting smart labels in the packaging industries is a key trend expected to catalyze the market growth during the forecast period. The vast adoption for smart labels in warehousing businesses world over is a key factor accentuating the market. The advent of configurable smart labels for numerous end-use industries for achieving an easy, reliable, and rapid tracking of assets is anticipated to open up exciting avenues in various regions. For instance, the growing demand for biologics and specialty pharmaceuticals calls for a thermal-sensitive packaging, which in turn is fortifying the demand for novel smart packaging labels with temperature-controlled functionality.
The burgeoning demand for smart labels in the healthcare, automotive, and logistics industries is likely to create lucrative opportunities for market players to capitalize on in the coming years.
About FMI
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers
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