Global Smart Labels Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Smart Labels Market Size, Share & Trends Analysis Report by Type (Radio Frequency Identification (RFID) Labels, Electronic Article Surveillance (EAS) Labels, Near Field Communication (NFC) Tags and Others), and by End-User (Food and Beverages, Healthcare and Pharmaceuticals, Logistics and Others) and Forecast, 2019- 2025
Smart labels are transparent labels embedded with digital technology that allows customer to keep the track of their merchandise. There is a high growth opportunity in this market due to its increasing application in packaging and logistics. Additionally, rising disposable income of people in emerging countries along with feasible real-time tracking of merchandise is driving the growth of the market. Other drivers such as advancement in the area of RFID and NFC technologies and increasing demand for more security and anti-theft label are benefiting in the growth of the market. However, high cost of smart labels and poor mechanical tolerance are some of the restraint to the growth of the Smart Labels market.
The global smart labels market is segmented on the basis of type and end-user. The type segment of the market is further classified into radio frequency identification (RFID) labels, electronic article surveillance (EAS) labels, near field communication (NFC) tags and others. On the basis of end-user, the market is further segmented into food and beverages, healthcare and pharmaceuticals, logistics and others. The manufacturing & retail segment is expected to show the considerable growth. The significant growth of this segment is mainly due to the increasing number of malls and supermarkets in emerging countries. For instance, Walmart India on October 2018 announced the investment of $500 million to open 47 new outlets in the country. This would create significant opportunities for the smart labels market during the forecast period.
The global smart labels market is further segmented on the basis of region include North America, Europe, Asia-Pacific and the rest of the world (RoW). In terms of market share, North America is expected to have significant share attributed to the wide range of application of smart labels in industries such as logistics and retail, as well as the presence of major market players such as Checkpoint Systems, Inc., CCL Industries Inc. and Avery Dennison Corp. Asia-Pacific is considered to witness the considerable growth in the global market for smart labels. High growth opportunities due to increasing disposable incomes and increased demand in the food and beverage and retail sectors in countries such as China, India and Thailand drive the market in this region.
Major market players operating in the global smart labels market are Avery Dennison Corp., CCL Industries, Inc., Zebra Technologies Corp., Alien Technology Inc. and Checkpoint Systems, Inc. among others. These companies adopt various strategies such as partnership & collaborations, finding a new market or product innovations in their core competency in order to stay competitive in the market.
The market study of the global smart labels market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behaviour and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for businesses, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
5.1.1 Radio Frequency Identification (RFID) Labels
5.1.2 Electronic Article Surveillance (EAS) Labels
5.1.3 Near Field Communication (NFC) Tags
5.1.4 Others (Sensible Labels and Dynamic Display Labels)
5.3.1 Food and Beverages
5.3.2 Healthcare and Pharmaceuticals
5.3.4 Others (Automotive)