Knowledge Sourcing Intelligence launches the publication of a new report on “Smart Labels Market - Forecasts from 2019 to 2026” to their giving.
The prime factors driving the growth of the smart labels market are the growing digitalization and surging demand for consumer electronics.
As per the report, the market about Smart Labels Market is expected to grow at a steady pace.
Smart Labels are advanced identification slips. They are installed on the product packaging and have advanced features like QR Codes, electronic article surveillance, and others. These labels are different from and technologically advanced than the bar codes. These labels are configured with electronic chips that enable several advantages such as the location of the product in case of theft or loss.
By technology, the smart labels market is divided into electronic article surveillance or EAS, RFID, Sensing Labels, NFC, and electronic shelf labels or ESL. The electronic article surveillance and sensing labels will have a significant market share while the NFC and RFID technologies will grow at an exponential rate.
Based on the end-user industry, the smart labels market is segmented as healthcare, FMCG, transport and logistics, manufacturing, retail, and others. the transport and logistic segment of the market is expected to grow at an exponential rate owing to the increasing adoption of smart labels to minimize loss and damage during transportation for better and timely service to the customer. Rising digitalization has also led to features such as tracking of the package during transportation, supporting the market growth.
Based on geography, the smart labels market is segmented into the North American region, the South American region, the Middle East and African region, the European region, and the Asia Pacific region. The North American region is predicted to have a major share in the market, while the Asia Pacific region will grow at an exponential rate due to skyrocketing consumer electronics and FMCG industry.
As a part of the report, the major players operating in the smart labels market, that have been covered are Avery Dennison Corporation, CCL Industries Inc., Zebra Technologie Corporation, Smartarc N.V., Alien Technologies LLC, SATO Holdings Corporation, Muehlbauer Holding AG, Invengo Information technology Co. Ltd., and Thin Film Electronics ASA.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/smart-labels-market
This analytics report segments the smart labels market on the following basis