An Incisive, In-depth Analysis on the Smart Labels Market
This study offers a comprehensive, 360 degree analysis on the Smart Labels market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Smart Labels market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Smart Labels Market - Key Research Findings
- The global smart labels market was valued at ~US$ 6.5 Bn in 2018.
- The smart labels market is projected to register a CAGR of ~13% during the forecast period of 2019-2029.
- Rising demand for perishable food products and deployment of advanced technologies in the retail sector will continue to drive the growth of smart labels market across the globe.
- Asia Pacific excluding Japan and North America are expected to collectively account for ~60% share of the global smart labels market by 2029.
- Rapid expansion of the healthcare industry in these regions along with increasing need for smart tags to label a wide range of pharmaceutical products is expected to boost the market growth.
Key Factors Influencing Smart Labels Market Growth
Smart Labels in Perishable Food Products to Enhance Product Quality
There has been a considerable rise in demand for packaged and perishable food products in developed as well as developing countries. Leading food processing and manufacturing companies are focusing on enhancing their supply chain efficiency and providing high quality food products to consumers. Smart labels used in perishable food product packaging provide relevant information such as expiry date, ingredient information, and quality of the food. Growing use of smart labels in beverages industry to enhance the disposition of bottles is expected to significantly drive the market growth in near future.
According to the U.S. Grocery Manufacturing Association (GMA), around 80% of products related to food & beverages and personal care will feature smart labels or tags within the next five years. Additionally, leading food distributors are now partnering with packaging professionals to produce specific smart label solutions for food products.
- For instance, PakSense, a U.S.-based food logistics company joined forces with Thin Film Electronics ASA to offer smart labels to food companies for temperature monitoring.
Growing Focus on Smart Packaging of Pharmaceutical Products
In the past few years, demand for smart packaging has been increasing in the pharmaceutical industry, where smart labelling plays a pivotal role. Pharmaceutical manufacturers are adopting various smart labels such as near field communication (NFC) tags and radio frequency identification (RFID) tags to track medicines and improve patient experience. In addition, these smart labels can identify pallets of drugs and medicines simultaneously. Smart labels eliminate line of sight identification, facilitating the process of identification which sets them above barcodes. Further, factors such as product integrity assurance, hospital inventory management, and channel traceability are expected to remain instrumental to the growth of smart labels market.
Application Restricted to Premium Products
Smart labels are mainly used in high-value products due to their relatively high cost as compared to standard barcode labels. Smart labels are gaining popularity for products that fall in the premium category, either in price or quality. These factors have further restricted the application of smart labels in various small- and medium-sized industries, which pose as a potential challenge for manufacturers.
Smart Labels Market: Structure Analysis
- Avery Dennison Corporation, Honeywell International Inc, CCL Industries Inc., and Zebra Technologies Corporation are leading players in the smart labels market.
- Extensive range of applications and ability to provide precise information of products are some of the crucial factors that propel the demand for smart labels.
- Leading manufacturers are targeting end-use industries such as healthcare, FMCG, and retail to maximize their revenue.
- Adoption of smart label technologies such as RFID and NFC is one of the prominent trends followed by end users.
The smart labels market is relatively moderate in size, which remains a key factor for its dynamic and competitive nature. In the smart labels market, tier 1 companies hold a revenue share of ~20%. Some of the prominent market players are Avery Dennison Corporation, Honeywell International Inc, CCL Industries Inc., Zebra Technologies Corporation, Sato Holdings Corporation, Checkpoints Systems, Inc, Muehlbauer Holding AG, and Smartrac N.V. Individual strategies followed by these companies in terms of improving their product portfolio, creating new marketing strategies, and acquisitions and mergers, have been detailed in the FMI report.
Smart Labels Market Analysis 2019-2029
A recent market study published by FMI on the smart labels market includes global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, the growth prospect of the smart labels market are obtained with maximum precision.
Smart Labels Market: Segmentation
The global smart labels market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.
Chapter 01 – Executive Summary
The report initiates with an executive summary of the smart labels market, which includes key findings and statistical analysis of the market. It also includes the demand & supply-side trends pertaining to the smart labels market.
Chapter 02 – Market Introduction
Readers can find the definition and detailed taxonomy of the smart labels market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information of smart labels and their properties are provided in this section. It also highlights the inclusions and exclusions to help readers understand the scope of the smart labels market report.
Chapter 03 – Smart Labels Market Overview
This chapter explains the key macro-economic factors that are expected to influence the growth of the smart labels market over the forecast period. Along with this, the section also highlights the opportunity analysis of the smart labels market. This chapter also provides the key market dynamics, which includes drivers and restraints. Moreover, readers will understand key trends followed by prominent manufacturers in the smart labels market. This section also covers Porter’s analysis as well as PESTLE analysis for the global smart labels market.
Chapter 04 – Smart Labels Market Analysis
This section explains the global market value analysis and forecast for the smart labels market during the forecast period of 2019-2029. This chapter also includes a detailed analysis of the historical smart labels market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the smart labels market at the regional level has also been provided in this section. It also explains the global market volume analysis and forecast for the market during the forecast period of 2019-2029.
Chapter 05 – Global Smart Labels Market Analysis 2014-2018 & Opportunity Assessment 2019-2029 by Labelling Technology
Based on labeling technology, the smart labels market has been segmented into RFID, NFC tags, EAS, sensing labels, and electronics shelf labels. In this chapter, readers can find information about the key trends and developments in the smart labels market and market attractiveness analysis, based on labelling technology.
Chapter 06 – Global Smart Labels Market Analysis 2014-2018 & Opportunity Assessment 2019-2029 by Printing Technology
This chapter provides details about the smart labels market based on printing technology and has been segmented into flexographic, digital, gravure, and screen segments. In this chapter, readers can understand the market attractiveness analysis of smart labels based on printing technology.
Chapter 09 – Global Smart Labels Market Analysis 2014-2018 & Opportunity Assessment 2019-2029 by End Use
Based on end use, the smart labels market is segmented into healthcare, automotive, FMCG, logistics, retail, and others. In this chapter, readers can find information about key trends and developments in the smart labels market and market attractiveness analysis, based on end use.
Chapter 10 – Global Smart Labels Market Analysis 2014-2018 & Opportunity Assessment 2019-2029 by Region
This chapter explains how the smart labels market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa.
Chapter 11 – North America Smart Labels Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter includes detailed analysis of the growth of the North America smart labels market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on application and countries in North America.
Chapter 12 – Latin America Smart Labels Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the smart labels market in Latin American countries such as Brazil, Mexico, Argentina, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Chapter 13 – Western Europe Smart Labels Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
Important growth prospects of the smart labels market in several countries such as Germany, the U.K., France, Spain, Italy, BENLUX, Nordic, and the rest of Western Europe are included in this chapter.
Chapter 14 – Eastern Europe Smart Labels Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
Poland, Russia, and countries in rest of Eastern Europe are the prime subjects of assessment to obtain the growth prospects of the Eastern Europe smart labels market in this chapter. Readers can find detailed information about the growth parameters of the Eastern Europe smart labels market during the period of 2019-2029.
Chapter 15 – Asia Pacific Excluding Japan Smart Labels Market Analysis 2014 - 2018 & Opportunity Assessment 2019–2029
This chapter highlights the growth of the smart labels market in East Asia by focusing on China, India, ASEAN, Korea, Australia & New Zealand and the rest of Asia Pacific excluding Japan. This section also helps readers to understand the key factors that are responsible for the growth of the smart labels market in the Asia Pacific excluding Japan region.
Chapter 16 – MEA Smart Labels Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter provides information about how the smart labels market will grow in major countries in the MEA region such as GCC countries, South Africa, North Africa, and the rest of MEA during the forecast period of 2019-2029.
Chapter 17 – Japan Smart Labels Market Analysis 2014 - 2018 and Opportunity Assessment2019 – 2029
This chapter provides information about the smart labels market growth analysis in Japan during the forecast period of 2019-2029. This chapter highlights value and volume analysis during the historic and forecast period.
Chapter 18 – Market Structure Analysis
In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the smart labels market, along with their market presence analysis by region and product portfolio.
Chapter 19 – Competition Analysis
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the smart labels market, along with detailed information about each company, which include company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Avery Dennison Corporation, Honeywell International Inc, CCL Industries Inc., Zebra Technologies Corporation, Sato Holdings Corporation, Checkpoints Systems, Inc, Muehlbauer Holding AG, and Invengo Information Technology Co Ltd.,
Chapter 20 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the smart labels market report.
Chapter 21 – Research Methodology
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the smart labels market.
Sources and Primary Research Splits (%):-
- C-Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- Packaging Europe
- Packaging Strategies
- Packaging News
- Packaging World
- Industry Associations
- Flexible Packaging Association
- Flexible Packaging Europe
- American Plastics Council (APC)
- World Packaging Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites