Precision Business Insights has published a report on the global smart labels market, estimating its value at USD 15,948 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 14.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/smart-labels-ma...
The Smart Labels Market refers to the market for intelligent labeling systems that use technologies such as RFID (Radio Frequency Identification), NFC (Near Field Communication), EAS (Electronic Article Surveillance), sensing labels, and ESL. These labels improve product tracking, authentication, inventory control, and customer involvement in several industries, including retail, healthcare, logistics, and manufacturing.
Drivers:
Increasing Adoption of RFID Technology – Many industries, including retail and healthcare, are integrating RFID (Radio Frequency Identification) for better inventory management and product tracking.
Growth of E-commerce – The rise of online shopping has increased the need for smart labeling solutions to improve logistics and customer experience.
The global smart labels market segmentation:
1) By Component: Batteries, Microprocessors, Transceivers, Memories, Others
2) By Technology: RFID Labels, Electronic Article Surveillance (EAS) Labels, Sensing Labels, Electronic Shelf/Dynamic Display Labels, Near Field Communication (NFC) Tags
3) By Application: Retail Inventory, Electronic & IT Assets, Equipment, Perishable Goods, Pallets Tracking, Others
4) By End-User: Healthcare & pharmaceutical, Automotive, Logistic, Retail, Fast Moving Consumer Goods (FMCG), Manufacturing, Consumer Electronics, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the smart labels market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the smart labels market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Avery Dennison Corporation, Henkel AG & Company, 3M, CILS Ltd., Cenveo Inc., ILN, Saint Gobain SA, GR Label, Fuji Seal International, Inc., GSM Graphics Arts, Brady Corporation, DuPont, B. Fuller Co., Herma Labels, Flexcon Company, Inc.
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