Smart Labels Market to Derive Growth from the Emphasis on Integrating Advanced Technologies in RFID

Author: Rahul Gadve

The global smart labels market size is projected to reach USD 13.91 billion by 2026. The growing demand for clean-labelled products will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled "Smart Labels Market Size, Share & Industry Analysis, By Technology (Electronic Article Surveillance (EAS) Security, RFID, Sensing Labels, Near Field Communication Tag, and QR Code/2D Barcode), By End-User (Retail, Healthcare & Pharmaceuticals, Food & Beverages, Consumer Electronics, Supply Chain and Logistics, Transportation, and Others) and Regional Forecast, 2019-2026," the market was worth USD 3.93 billion in 2018 and will exhibit a CAGR of 17.3% during the forecast period, 2019-2026.

View more information @ https://www.fortunebusinessinsights.com/smart-label-market-102419

Report Overview:

The smart labels market is segmented on the basis of factors such as technology, end user, and regional demographics. The report provides forecast values for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals. The report highlights the latest product launches and labels major innovations in the market. In addition to this, it states the impact of these products on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years.

Smart labels are gaining rapid popularity owing to their ability to simplify the product stacking and managing in convenience stores. The demand for smart labels has risen dramatically in recent years, owing to the strict regulations imposed by governing authorities across the world. The demand for labelled products, with regard to content and ingredients within the product, from consumers across the world has made a positive impact on the growth of the market. The huge investment in the development of newer smart labels, by incorporating technologies such as AI and machine learning, will lead to a wider product adoption in the coming years. The increasing number of convenience stores, coupled with the growing demand for packed and clean-labelled food, will aid the growth of the market in the coming years.

Increasing Number of Company Mergers Will Aid Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Several large scale as well as medium enterprises are focusing on acquiring smaller companies as well as start-ups, with a bid to establishing a stronghold in the market. In November 2019, Smartrac announced that it has collaborated with Avery Dennison Corporation for selling its RFID transponder division. Smartrac’s RFID tags will boost Dennison’s smart labels platform. This collaboration will not only help the company grow, but will have a positive impact on the growth of the global market in the coming years.

Some of the leading companies that are operating in the global smart labels market are:

  • Avery Dennison Corporation
  • Advantech Co., Ltd.
  • Checkpoint Systems, Inc.
  • Alien Technology, Inc.
  • CCL Industries Inc.
  • Multi-Color Corporation
  • Invengo Technology Pte. Ltd.
  • Mühlbauer Group
  • Thin Film Electronics ASA
  • Sato Holdings Corporation
  • Zebra Technologies Corporation
  • Smartrac N.V.

Regional Analysis for Voice Biometric Solutions Market:

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Major Table of Contents for Voice Biometric Solutions Market:

  • Introduction
  • Executive Summary
  • Market Dynamics
  • Key Voice Biometric Solutions Market Insights
  • Global Market Analysis, Insights and Forecast, 2015-2026
  • North America Market Analysis, Insights and Forecast, 2015-2026
  • Europe Market Analysis, Insights and Forecast, 2015-2026
  • Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
  • The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
  • Latin America Market Analysis, Insights and Forecast, 2015-2026
  • Competitive Landscape
  • Global Voice Biometric Solutions Market Revenue Share Analysis, By Key Players, 2020
  • Company Profiles
  • Conclusion

Industry Developments:

January 2018 – SATO announced that it has partnered with UNTUCKit. Through this acquisition, the company plans to enhance its inventory management based on RFID labels

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