The smart label market share is estimated to exhibit promising growth throughout the forecast period, expanding at a CAGR of 10.3%. The market size is expected to expand from US$ 8.0 billion in 2024 to US$ 21.1 billion by 2034.
Attributes | Key Insights |
---|---|
Estimated Smart Label Market Size (2024E) | US$ 8.0 billion |
Projected Smart Label Industry Value (2034F) | US$ 21.1 billion |
Value-based CAGR (2024 to 2034) | 10.3% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Leading Printing Technology | Flexographic |
---|---|
Value Share (2024) | 39.50% |
The flexographic printing technology is expected to acquire a market share of 39.50% in 2024. This segment is anticipated to expand on account of the following factors:
Leading Labeling Technology | RFID |
---|---|
Value Share (2024) | 57.30% |
The RFID labeling technology is expected to obtain a market share of 57.30% in 2024. Over the forecast period, the segment is projected to be driven by the following key points:
The North America smart label market is driven by growing demand for advanced labels in the region. Additionally, this area is populated with a high density of key players. Meanwhile, Europe is propelled by increasing investments in research and development activities and growing concerns over counterfeit products.
The Asia Pacific market is catalyzed by increasing demand for smart labels from end users. As this region marches towards a stronger economy in upcoming years, with consumers earning greater annual incomes, prospects for key players in the Asia Pacific are projected to surge.
Countries | Forecast CAGR (2024 to 2034) |
---|---|
The United States | 6.90% |
Germany | 5.90% |
China | 8.40% |
India | 8.70% |
Thailand | 7.80% |
The United States market for smart label is expected to exhibit a CAGR of 6.9% through 2034. The regional market holds a predominant position in North America. Over the next 10 years, the market is driven by:
The India smart label market is projected to show a promising growth rate of 8.7% over the next 10 years. The industry is being driven by:
The China smart label industry is expected to assume a CAGR of 8.4% over the forecast period. The regional market is propelled by the following factors:
The smart label market in Germany is driven at a CAGR of 5.9% through 2034. Over the upcoming years, factors that are fueling regional growth are:
Demand for smart labels in Thailand is accelerating at a CAGR of 7.8% through 2034. The following factors are contributing to market growth:
Market players are continuously innovating and integrating sensors for temperature control, environmental monitoring, or product authentication. Additionally, industry players are variegating their technology offerings beyond RFID to include printed electronics, NFC, and other emerging technologies. Industry participants are customizing their solutions as they respond to certain industry requirements like pharmaceutical traceability, food safety, and asset tracking.
Industry participants are further partnering with software developers, IoT platforms, and system integrators to provide comprehensive solutions. Apart from this, they are extending their capacity and market reach via strategic acquisitions of similar businesses. Players are also coming into partnerships with other competitors to create new technologies or traverse new geographies.
Leading companies in the market are increasing their focus to include much more than traditional sectors like logistics and retail like manufacturing and healthcare. Companies are furthermore offering customized solutions to satisfy certain customer requirements and preferences. Besides, players are invigorating their partnerships with resellers and distributors to gain a much wider audience.
Market contenders are further continuously enhancing their existing technologies and finding new possibilities to enhance the functionality of smart labels. Additionally, players are focusing on addressing data security concerns and providing secure solutions to gain customer loyalty. Industry players are further actively increasing their participation in trade shows and industry conferences to exhibit their products and interact with potential clients.
Latest Developments in the Smart Label Market
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The market is estimated to account for US$ 8.0 billion in 2024.
Throughout the forecast period, the smart label industry is projected to register a CAGR of 10.3%.
By 2034, the smart label industry is forecast to be worth US$ 21.1 billion.
RFID labeling technology is expected to obtain a substantial value share in the smart label market.
India is expected to find substantial growth prospects in the future.
Leading companies in the smart label industry include Honeywell International Inc., Avery Denison Corporation, and CCL Industries Inc.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Labelling Technology 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Labelling Technology, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Labelling Technology, 2024 to 2034 5.3.1. RFID 5.3.2. NFC Tags 5.3.3. EAS 5.3.4. Sensing Labels 5.3.5. Electronics Shelf Labels 5.4. Y-o-Y Growth Trend Analysis By Labelling Technology, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Labelling Technology, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Printing Technology 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Printing Technology, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Printing Technology, 2024 to 2034 6.3.1. Flexographic Smart Labels 6.3.2. Digital Smart Labels 6.3.3. Gravure Smart Labels 6.3.4. Screen Smart Labels 6.4. Y-o-Y Growth Trend Analysis By Printing Technology, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Printing Technology, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2024 to 2034 7.3.1. Healthcare 7.3.2. Automotive 7.3.3. FMCG 7.3.4. Logistics 7.3.5. Retail 7.3.6. Others 7.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Labelling Technology 9.2.3. By Printing Technology 9.2.4. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Labelling Technology 9.3.3. By Printing Technology 9.3.4. By End Use 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Labelling Technology 10.2.3. By Printing Technology 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Labelling Technology 10.3.3. By Printing Technology 10.3.4. By End Use 10.4. Key Takeaways 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Labelling Technology 11.2.3. By Printing Technology 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Labelling Technology 11.3.3. By Printing Technology 11.3.4. By End Use 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Labelling Technology 12.2.3. By Printing Technology 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Labelling Technology 12.3.3. By Printing Technology 12.3.4. By End Use 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Labelling Technology 13.2.3. By Printing Technology 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Labelling Technology 13.3.3. By Printing Technology 13.3.4. By End Use 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Labelling Technology 14.2.3. By Printing Technology 14.2.4. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Labelling Technology 14.3.3. By Printing Technology 14.3.4. By End Use 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Labelling Technology 15.2.3. By Printing Technology 15.2.4. By End Use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Labelling Technology 15.3.3. By Printing Technology 15.3.4. By End Use 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Labelling Technology 16.1.2.2. By Printing Technology 16.1.2.3. By End Use 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Labelling Technology 16.2.2.2. By Printing Technology 16.2.2.3. By End Use 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Labelling Technology 16.3.2.2. By Printing Technology 16.3.2.3. By End Use 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Labelling Technology 16.4.2.2. By Printing Technology 16.4.2.3. By End Use 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Labelling Technology 16.5.2.2. By Printing Technology 16.5.2.3. By End Use 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Labelling Technology 16.6.2.2. By Printing Technology 16.6.2.3. By End Use 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Labelling Technology 16.7.2.2. By Printing Technology 16.7.2.3. By End Use 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Labelling Technology 16.8.2.2. By Printing Technology 16.8.2.3. By End Use 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Labelling Technology 16.9.2.2. By Printing Technology 16.9.2.3. By End Use 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Labelling Technology 16.10.2.2. By Printing Technology 16.10.2.3. By End Use 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Labelling Technology 16.11.2.2. By Printing Technology 16.11.2.3. By End Use 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Labelling Technology 16.12.2.2. By Printing Technology 16.12.2.3. By End Use 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Labelling Technology 16.13.2.2. By Printing Technology 16.13.2.3. By End Use 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Labelling Technology 16.14.2.2. By Printing Technology 16.14.2.3. By End Use 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Labelling Technology 16.15.2.2. By Printing Technology 16.15.2.3. By End Use 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Labelling Technology 16.16.2.2. By Printing Technology 16.16.2.3. By End Use 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Labelling Technology 16.17.2.2. By Printing Technology 16.17.2.3. By End Use 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Labelling Technology 16.18.2.2. By Printing Technology 16.18.2.3. By End Use 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Labelling Technology 16.19.2.2. By Printing Technology 16.19.2.3. By End Use 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Labelling Technology 16.20.2.2. By Printing Technology 16.20.2.3. By End Use 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Labelling Technology 16.21.2.2. By Printing Technology 16.21.2.3. By End Use 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Labelling Technology 16.22.2.2. By Printing Technology 16.22.2.3. By End Use 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2023 16.23.2.1. By Labelling Technology 16.23.2.2. By Printing Technology 16.23.2.3. By End Use 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Labelling Technology 17.3.3. By Printing Technology 17.3.4. By End Use 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Honeywell International Inc. 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Avery Denison Corporation 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. CCL Industries Inc. 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Zebra Technologies Corporation 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. SATO Holdings Corporation 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Checkpoint Systems Inc. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Thin Film Electronics ASA 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Muehlbauer Holding AG 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Invengo Technology Pte. Ltd. 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. OPRFID Technologies 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 18.1.11. MPI Label Systems 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.11.5.2. Product Strategy 18.1.11.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Packaging Insights
View Reports