- October 2022
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Smart Label Market By Type (EAS Labels, RFID Labels, Sensing Labels, Electronic Shelf Labels, NFC Tags, and QR Code Labels), By Application (Automotive, Healthcare & Pharmaceutical, Logistics, Retail, Manufacturing, and Others), Industry Trends, Estimation & Forecast, 2023-2030
Smart Label market is estimated to reach $21.2 billion by 2030; growing at a CAGR of 10.1% till 2030
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Market Overview
Smart labels are item identification slips that contain additional information using advanced technologies than traditional bar code data. The most common examples in smart labels are EAS Labels, RFID Labels, Sensing Labels, Electronic Shelf Labels, and NFC Tags, among many others.
Growth Factors
Robust product demand from the logistics & shipping industry on a global scale and implementation of real-time advanced product tracking by several key industries are key driving factors of the market. The application of smart labels has enabled the logistics and packaging industries to provide customers with real-time information using connected digital devices. Further, the rise in trend of smart label application among several other end-user verticals such as food & beverages, healthcare products, and retail inventory, among others, is poised to improve the overall growth prospects of the Smart Label market. However, the lack of uniformity in international standardization guidelines might hamper market growth. The continued advent of advanced technologies such as electronic shelf labels would provide lucrative opportunities for the market in the coming years.
Market Segmentation
The global Smart Label market is mainly classified based on Type and Application. Type is further segmented into EAS Labels, RFID Labels, Sensing Labels, Electronic Shelf Labels, NFC Tags, and QR Code Labels. By Application, the market is bifurcated into Automotive, Healthcare & Pharmaceutical, Logistics, Retail, Manufacturing, and Others.
TheElectronic Shelf Labels (ESLs) segment by Type is poised to witness rapid growth over the forecast period as retailers identify massive benefits of ESLs in terms of inventory management, streamlining of e-commerce orders, and reducing of labour costs.
Regional Segmentation
Based on geography, the global Smart Label market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The region of South America includes Brazil, Argentina, and Rest of South America, while the Middle East & Africa is categorized into GCC Countries, South Africa, Egypt, and Rest of Middle East & Africa.
North America presents lucrative prospects for key manufacturers of the Smart Label market owing to the rising popularity of smart label products in small- and medium-scale retail stores and optimization of inventory management through the use of advanced technologies.
Competitive landscape
The global Smart Label Market witnesses intense competitiveness among its key players looking to consolidate business position through innovative product launches and partnerships.
Key players operating in the Smart Label industry include Checkpoint Systems (CCL), Avery Dennison, Sato Holdings Corporation, Sensormatic (Johnson Controls), SES (image tag), Zebra, Fujitsu, Honeywell, TAG Company, Paragon ID, Century, Pricer, Samsung, E Ink, and Displaydata, among others.Smart Label Market Key Segments
By Type
• EAS Labels
• RFID Labels
• Sensing Labels
• Electronic Shelf Labels
• NFC Tags
• QR Code Labels
By Application
• Automotive
• Healthcare & Pharmaceutical
• Logistics
• Retail
• Manufacturing
• OthersBy Geography
• North America
o The U.S.
o Canada
o Mexico• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific• South America
o Brazil
o Argentina
o Rest of South America• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & AfricaKey Global Smart Label Industry Players
• Checkpoint Systems (CCL)
• Avery Dennison
• Sato Holdings Corporation
• Sensormatic (Johnson Controls)
• SES (imagotag)
• Zebra
• Fujitsu
• Honeywell
• TAG Company
• Paragon ID
• Century
• Pricer
• Samsung
• E Ink
• Displaydata -
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Table of Content
1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources3. Smart Label Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Robust product demand from the logistics & shipping industry on a global scale
3.3.2. Implementation of real-time advanced product tracking by several key industries
3.4. Restraints
3.4.1. Lack of uniformity in international standardization guidelines
3.5. Opportunity
3.5.1. Continued advent of advanced technologies such as electronic shelf labels
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. EAS Labels
4.2.1. Market Size & Forecast
4.3. RFID Labels
4.3.1. Market Size & Forecast
4.4. Sensing Labels
4.4.1. Market Size & Forecast
4.5. Electronic Shelf Labels
4.5.1. Market Size & Forecast
4.6. NFC Tags
4.6.1. Market Size & Forecast
4.7. QR Code Labels
4.7.1. Market Size & Forecast5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Automotive
5.2.1. Market Size & Forecast
5.3. Healthcare & Pharmaceutical
5.3.1. Market Size & Forecast
5.4. Logistics
5.4.1. Market Size & Forecast
5.5. Retail
5.5.1. Market Size & Forecast
5.6. Manufacturing
5.6.1. Market Size & Forecast
5.7. Others
5.7.1. Market Size & Forecast6. Smart Label Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Smart Label Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Smart Label Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Smart Label Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Smart Label Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Smart Label Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast7. Company Profile
7.1. Checkpoint Systems (CCL)
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Checkpoint Systems (CCL) Product Category, Application, and Specification
7.1.3. Checkpoint Systems (CCL) Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Avery Dennison
7.3. Sato Holdings Corporation
7.4. Sensormatic (Johnson Controls)
7.5. SES (imagotag)
7.6. Zebra
7.7. Fujitsu
7.8. Honeywell
7.9. TAG Company
7.10. Paragon ID
7.11. Century
7.12. Pricer
7.13. Samsung
7.14. E Ink
7.15. Displaydata -
What Report Provides?
• Full in-depth analysis of the parent Industry
• Important changes in market and its dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional growth potential