Smart label market size is forecast to reach $15.7 billion by 2025, growing at CAGR 10.60% during 2020-2025 owing to the growing entry of counterfeit products especially in the retail, healthcare/Pharmaceutical, fast moving consumer goods and other sector. Apart from this the supply chains across these industries are opting for various advanced package tracking and automated material handling systems to handle the packages during warehousing and dispatching which is further driving the demand for the smart label market.
Takeaways- Smart label Industry Outlook
- RFID label held the major share of the smart label market in 2019 and sensing labels to witness significant growth during 2020-2025
- Logistics vertical attributed to the largest share of smart label market in 2019. However, retail smart label market to grow at the highest rate from 2020 to 2025
- North America dominated the global smart label market in 2019 and APAC to witness the highest growth during the forecast period
Technology - Segment Analysis
RFID labels market accounted for the highest share of the smart label market in 2019 owing the cost effectiveness, high traceability and ease of handling, rugged and other factors. These type of labels are majorly adopted in retail, automotive, manufacturing and other industrial sectors for supply chain management, inventory management and asset tracking applications. Sensing labels are estimated to witness the highest adoption especially in the FMCG sector during 2020-2025 owing to the growing demand for tracking and monitoring the quality of perishable goods. NFC labels are also poised to witness significant adoption in the retail and FMCG sector owing to the growing customer awareness against counterfeit items. NFC labels can avail necessary authenticity details along with other product related information to the customers by scanning the label using a NFC enabled smartphone with eas.
End User - Segment Analysis
Logistics sector attributed to the largest share of the smart label market in 2019 owing to the broad use of RFID labels to track the package across the supply chain. However, retail sector is estimated to witness the highest growth of around CAGR 14% followed by FMCG sector during 2020-2025 owing to the growing penetration of counterfeit items in this sector. The growing customer awareness towards branded products is also analyzed to be one of the factors assisting the market growth. Apart from this innovative marketing strategies being opted by the suppliers to stand out against the counterfeit or competitor products though smart packaging and labelling solutions is also poised to be one of the smart label market driving forces in the retail sector
Geography - Segment Analysis
North America acquired the major market share of around 36% of the global smart label market in 2019 owing to the broad presence of customer based and high adoption rate innovative labelling products. APAC smart label market is estimated to witness the highest growth rate during 2020-2025, owing to the high penetration of counterfeit item in the APAC market, largest tech savvy customer base and growing awareness related to product genuineness especially for branded item. Apart from this the high penetration of printed electronics in this sector is also set to pave the way for low cost printed smart label products’ manufacturing thereby driving the market during 2020-2025
Drivers – Smart Label Market
- Growing Emphasis to Customer Satisfaction
The suppliers in the high volume goods production has been analyzed to be the major adopters of IIoT in production, packaging, labelling, material handling, and distribution; there is a shift in focus of these suppliers towards the customer engagement with smart packaging solution to achieve the next level of customer satisfaction. This is resulting to the use to smart packaging solution authentication, tampering detection, temperature detection, tracking, reordering stocks and various others, which can take customer satisfaction to the next level by improving the customer experience while buying the products. This is set to drive the smart label market during the forecast period 2020-2025
Challenges – Smart Label Market
- High Cost of Smart Labels and Production Equipment
The cost of smart labels for use in high volume products is significantly high as compared to conventional labels. Printed electronics based smart labels can have lower prices but the capital intensiveness of printed electronics production equipment and cost of die for unique smart labels is analyzed to be one of the major factors impeding the launch of cheap printed electronics smart labels, thereby impeding the market growth
Market Landscape
Smart label top 10 companies operating in the market includes Zebra Technologies, Smartrac N.V., Checkpoint Systems, Inc., Sato Holdings Corporation, ASK S.A., Invengo Information Technology Co Ltd, Avery Dennison Corporation, Ccl Industries, Inc, William Frick Company, Graphic Label, Inc and so on. The market is analyzed to be moderately consolidated and highly competitive owing to the entry of new players in the market with innovative solutions, significant product differentiation, medium switching cost and various other factors
Partnership & Agreement
- In February 2019, Coca Cola launched limited edition light up bottle label campaign in partnership with Inuru, a Berlin based startup specializing in illuminating labels. The labels incorporates printed electronics including OLED, batteries and others
- In December 2019, Carpe Diem Technologies, Inc. signed an agreement with University of Minnesota, for commercializing SCALE (Self-aligned Capillarity-Assisted Lithography for Electronics) a printed electronics technology which would find immediate applications in smart labels for consumer products, pharmaceutical and others
1.1 Definitions and Scope
2. Smart Label Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Smart Label Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Smart Label Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Smart Label Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Smart Label Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Smart Label Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
11.1 Automotive
11.2 Fast Moving Consumer Goods
LIST OF TABLES
1.Global Smart Label Market:Application Outlook Market 2023-2030 ($M)1.1 Retail Inventory Market 2023-2030 ($M) - Global Industry Research
1.2 Perishable Good Market 2023-2030 ($M) - Global Industry Research
1.3 Electronic It Asset Market 2023-2030 ($M) - Global Industry Research
1.4 Equipment Market 2023-2030 ($M) - Global Industry Research
1.5 Pallet Tracking Market 2023-2030 ($M) - Global Industry Research
2.Global Smart Label Market:Application Outlook Market 2023-2030 (Volume/Units)
2.1 Retail Inventory Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Perishable Good Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Electronic It Asset Market 2023-2030 (Volume/Units) - Global Industry Research
2.4 Equipment Market 2023-2030 (Volume/Units) - Global Industry Research
2.5 Pallet Tracking Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Smart Label Market:Application Outlook Market 2023-2030 ($M)
3.1 Retail Inventory Market 2023-2030 ($M) - Regional Industry Research
3.2 Perishable Good Market 2023-2030 ($M) - Regional Industry Research
3.3 Electronic It Asset Market 2023-2030 ($M) - Regional Industry Research
3.4 Equipment Market 2023-2030 ($M) - Regional Industry Research
3.5 Pallet Tracking Market 2023-2030 ($M) - Regional Industry Research
4.South America Smart Label Market:Application Outlook Market 2023-2030 ($M)
4.1 Retail Inventory Market 2023-2030 ($M) - Regional Industry Research
4.2 Perishable Good Market 2023-2030 ($M) - Regional Industry Research
4.3 Electronic It Asset Market 2023-2030 ($M) - Regional Industry Research
4.4 Equipment Market 2023-2030 ($M) - Regional Industry Research
4.5 Pallet Tracking Market 2023-2030 ($M) - Regional Industry Research
5.Europe Smart Label Market:Application Outlook Market 2023-2030 ($M)
5.1 Retail Inventory Market 2023-2030 ($M) - Regional Industry Research
5.2 Perishable Good Market 2023-2030 ($M) - Regional Industry Research
5.3 Electronic It Asset Market 2023-2030 ($M) - Regional Industry Research
5.4 Equipment Market 2023-2030 ($M) - Regional Industry Research
5.5 Pallet Tracking Market 2023-2030 ($M) - Regional Industry Research
6.APAC Smart Label Market:Application Outlook Market 2023-2030 ($M)
6.1 Retail Inventory Market 2023-2030 ($M) - Regional Industry Research
6.2 Perishable Good Market 2023-2030 ($M) - Regional Industry Research
6.3 Electronic It Asset Market 2023-2030 ($M) - Regional Industry Research
6.4 Equipment Market 2023-2030 ($M) - Regional Industry Research
6.5 Pallet Tracking Market 2023-2030 ($M) - Regional Industry Research
7.MENA Smart Label Market:Application Outlook Market 2023-2030 ($M)
7.1 Retail Inventory Market 2023-2030 ($M) - Regional Industry Research
7.2 Perishable Good Market 2023-2030 ($M) - Regional Industry Research
7.3 Electronic It Asset Market 2023-2030 ($M) - Regional Industry Research
7.4 Equipment Market 2023-2030 ($M) - Regional Industry Research
7.5 Pallet Tracking Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Smart Label Market Revenue, 2023-2030 ($M)2.Canada Smart Label Market Revenue, 2023-2030 ($M)
3.Mexico Smart Label Market Revenue, 2023-2030 ($M)
4.Brazil Smart Label Market Revenue, 2023-2030 ($M)
5.Argentina Smart Label Market Revenue, 2023-2030 ($M)
6.Peru Smart Label Market Revenue, 2023-2030 ($M)
7.Colombia Smart Label Market Revenue, 2023-2030 ($M)
8.Chile Smart Label Market Revenue, 2023-2030 ($M)
9.Rest of South America Smart Label Market Revenue, 2023-2030 ($M)
10.UK Smart Label Market Revenue, 2023-2030 ($M)
11.Germany Smart Label Market Revenue, 2023-2030 ($M)
12.France Smart Label Market Revenue, 2023-2030 ($M)
13.Italy Smart Label Market Revenue, 2023-2030 ($M)
14.Spain Smart Label Market Revenue, 2023-2030 ($M)
15.Rest of Europe Smart Label Market Revenue, 2023-2030 ($M)
16.China Smart Label Market Revenue, 2023-2030 ($M)
17.India Smart Label Market Revenue, 2023-2030 ($M)
18.Japan Smart Label Market Revenue, 2023-2030 ($M)
19.South Korea Smart Label Market Revenue, 2023-2030 ($M)
20.South Africa Smart Label Market Revenue, 2023-2030 ($M)
21.North America Smart Label By Application
22.South America Smart Label By Application
23.Europe Smart Label By Application
24.APAC Smart Label By Application
25.MENA Smart Label By Application
26.Avery Dennison Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Ccl Industries, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Alien Technology, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Sato Holding Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Checkpoint Systems, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Smartrac N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Muhlbauer Holding Ag Co. Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Ask Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Thin Film Electronics Asa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Intermec Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Invengo Information Technology Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Graphic Label, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Displaydata Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.William Frick Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)