Global Smart Labels Market 2017-2027, By technology, by component, by application and region

Global Smart Labels Market 2017-2027, By technology, by component, by application and region

  • September 2017 •
  • 62 pages •
  • Report ID: 5090729 •
  • Format: PDF
Smart labels are known as smart tags.

A smart label is an item identification slip that contains more advanced technologies compared to conventional bar code data. This technology is cheaper, smaller and becoming more viable. Smart labels are laminated with plastic or paper layers that have the ability to interact with the attached items. Smart labels are highly preferred in the healthcare industry, as they are highly used to track the activities of patients, hospital staff, inventory management, and patients’ database. Market is driven by growing demand of smart labels in various end user industries such as FMCG, retail, automotive, healthcare, manufacturing etc. throughout the globe.

RFID label market accounted for the largest market share in 2017 by value and is anticipated to emerge as the largest segment in terms of value in the forecasted period. The sensing labels segment was forecasted to be the fastest-growing technology in the smart labels market in the next ten years. North America is anticipated to hold the largest market share compared with other regions owing to its extensive use of smart labels in logistics industries and the manufacturing & retail sector in the region. Key players in smart label packaging market are Avery Dennison Corporation, CCL Industries Inc., SMARTRAC N.V., Invengo Technology BV, Advantech US, Thinfilm, ZIH Corp., Metra Blansko, and TOSHIBA Global Commerce Solutions, Inc.