Smart Labels Market

Smart Labels Market worth $17.33 billion by 2029

The report "Smart Labels Market by Technology (RFID labels, EAS labels, NFC labels, sensing labels, others), Application (Retail & inventory tracking, pallet tracking), End-Use (FMCG, logistics, retail, healthcare), Component - Global Forecast to 2029", size is projected to grow from USD 11.43 billion in 2024 and is projected to reach USD 17.33 billion by 2029, at a CAGR of 8.7%. The demand for smart labels is expected to increase, as it is fast revolutionizing the benefits of traditional labels. These smart labels serve the simple recognition function not just as product identification but also as real-time data tracking, providing security, and allowing interactive consumer engagement. All these make smart labels a common solution for businesses that strive for increased operational efficiencies, verification of authenticity of products at the customer level, and deeper interactions with clients. The population and increasing income earnings will drive the demand in emerging markets to have better solutions for tracking products in real-time, along with inventory management.

Browse 500 market data Tables and 61 Figures spread through 361 Pages and in-depth TOC on "Smart Labels Market by Technology (RFID labels, EAS labels, NFC labels, sensing labels, others), Application (Retail & inventory tracking, pallet tracking), End-Use (FMCG, logistics, retail, healthcare), Component - Global Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/smart-label-market-192651809.html

EAS labels accounted for the third largest share in the global smart labels market

EAS labels are used most commonly at retail stores in monitoring the goods and securing them, offering retailers a convenient means through which products can be secured without compromising customer shopping experiences. For instance, Walmart and Target place EAS labels on specified products, usually electronics, and apparel, to inform store employees in case a product is stolen or exits from the store without a proper checkout process. EAS labels work through the triggering of alarms each time the object passes detection gates during exits from stores, preventing shrinkage and loss. Thus, EAS labels are becoming more prominent and one of the fastest-growing sectors in the smart label market.

By application, pallet tracking accounts for the second largest share of the smart labels market

Pallet tracking helps in improving visibility and efficiency while conducting business through the supply chain. Tracking all pallets through the supply chain from warehousing to transportation is made possible for businesses that integrate smart labels in their supply chain using RFID tags. Tags provide real-time visibility, thus reducing the possibility of any errors or theft. Coca-Cola and Amazon have used RFID-based smart labels on their pallets to control inventory and improve warehouse operations and timely deliveries. With these smart labels attached to pallets, automated tracking occurs, which accelerates the load and discharge processes, minimizes human error, and generates data for potential improvements. The high demand for this application will keep increasing in the coming years.

Retail accounts for the second-largest share of the smart labels market by end-use industry

Retailers are using smart labels like RFIDS & ESL to enable efficient inventory handling & minimize manual inaccuracies. The real-time data to be collected can help in the proper stocking of products, proper space management, as well as strengthening the retailer chains. For instance, Walmart and Macy’s have already adopted RFID-based smart labels in their operations to improve inventory management and reduce expenses. Smart labels make it easier for the retail sector to monitor its products’ flow within the warehouses and from the distribution centers to the store shelves for customer fulfillment. Smart labels help in providing custom information relevant to customers by connecting with mobile apps or store kiosks. It is projected that with e-commerce continually expanding, an increase in the use of smart labels through the physical store and online store will enhance growth.

Europe accounted for the third largest share in the global smart labels market

The European region is regarded as having vast investment opportunities in smart label technology. The adoption at this time is lower in some of the less developed markets, but there is a trend of increasing interest in these regions, where the market is expected to expand in the future. The main area of implementation of smart label technology in European countries includes supply chain applications such as inbound and outbound logistics, assets, and traceability. Besides the supply chain, other industries such as manufacturing and distribution, retail and healthcare, and pharmaceuticals, chemicals, and automobiles are becoming significant smart label applications. Due to these various uses and growing demand across various sectors, the long-term potential of Europe is set to become the third-largest smart labels market.

The report profiles key players such as Avery Dennison Corporation (US), CCL Industries, Inc. (Canada), Zebra Technologies Corporation (US), SATO Holdings Corporation (Japan)

Don’t miss out on business opportunities in Smart Labels Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]

Smart Labels Market Size,  Share & Growth Report
Report Code
PK 4252
PR Published ON
1/20/2025
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Smart Labels Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2025 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home