Smart Labels Market (Technology - RFID, Electronic Article Surveillance Labels, Sensing Labels, NFC Tags, and Dynamic Display Labels; Application - Retail Inventory, Perishable Goods, Pallets Tracking, Electronic & IT Assets, Equipment, and others; End-Users - Retail, FMCG, Logistics, Automotive, Manufacturing, Aerospace, Healthcare, Postal Services, Construction): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global smart labels market is projected to grow at a CAGR of 14.3% over the forecast period of 2018-2024.

Pune, India -- (SBWire) -- 04/05/2019 --The latest report has been added to the wide database of Smart Labels Market by Infinium Global Research. This report studies the Smart Labels Market by technology (RFID, electronic article surveillance labels (EAS), sensing labels, NFC tags), application (retail inventory, perishable goods, pallets tracking, equipment), end-users (retail, FMCG, logistics, automotive, manufacturing, aerospace, healthcare, postal services) market status and outlook of global and major regions, from manufacturers, Global Industry Analysis, Trends, Size, Share and Forecasts to 2024 and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Smart Labels Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Smart Labels Market. The global smart labels market is projected to grow at a CAGR of 14.3% over the forecast period of 2018-2024.

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Smart Labels Market: Industry Insight

Smart labels are becoming extremely important both socially and in terms of business potential. A smart label is a flat electronic label that incorporates technology that extends the functionality and contents of labels or packaging beyond traditional print methods. Smart labels come in a variety of forms from RFID tags, to QR codes, to NFC tags. Smart labels are an intelligent and interactive technology that is changing the labels and packaging landscape.

Smart Labels Market: Drivers and Restraints

The expanding IT infrastructure in the retail industry is the major factor for the growth of the smart label market. Smart labels provide easy and instantaneous access to detailed information to the retailers. In addition, the growing use of smart labels among electronics, healthcare and apparel retailers to reduce inventory damage and revenue loss is promoting the growth of the market. However, the high cost associated with the smart labels hampers the growth of the smart label market. Moreover, the emergence of advanced NFC tags and labels that detects the quality of perishable goods creates additional growth opportunities for the smart labels market over the forecast period.

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Smart Labels Market: Segmentation

The report on global smart labels market is segmented into technology, application, and end-user. Based on application, the market is further divided into retail inventory, perishable goods, pallets tracking, electronic & IT assets, equipment, and others. Based on end-user, the markets are classified into retail, FMCG, logistics, automotive, manufacturing, aerospace, healthcare, postal services, and construction.

Based on technology, the market is further bifurcated into RFID, electronic article surveillance labels (EAS), sensing labels, NFC tags, and dynamic display labels. Among these technologies, the RFID tags dominated the global smart labels market in 2018. RFID tags are widely used in diverse applications such as healthcare, retail apparel, retail consumer goods, books, smart tickets air baggage and several others. These tags are easy, reliable and provide over 98% inventory accuracy results, that in turn boosts the sales, resulting in the growth of smart labels market.

Smart Labels Market: Regional Insight

Europe dominated the smart label market in 2017. The growing use of smart labels in packaged foods and high consumption rate of baked and processed foodstuffs drives the growth of smart labels in Europe. In addition, the presence of several luxury apparel brands in Europe and increasing usage of high technology packaging and labeling contributes to the growth of Europe. In addition, the rising investments and improving demand for safer food packaging creates favorable growth opportunities for the growth of Europe smart label market over the forecast period.

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Smart Labels Market: Competitive Analysis

The smart labels market is a fragmented market. The major players in the global smart label market include Toshiba Global Commerce Solutions, Inc, Muhlbauer Holding Ag & Co., Smartrac N.V., Alien Technology, Inc., Invengo Information Technology Co. Ltd., Checkpoint Systems, CCL Industries Inc, Avery Dennison Corporation, Intermec Inc., and William Frick & Company among others. Product innovations remain the key strategy of the major market player. In 2018, CCL, Ontario-based label maker company has launched "Adhere" an electronic smart label for clinical trials. It can be used as a stand-alone application via smart label by tapping NFC, scanning a 2D barcode, or paired to CCL's Electronic Clinical Label.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Smart Labels.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.