Global Smart Labels Market Information by Type (RFID, Electronic Shelf Label, Sensing Label, & others) by Application (Electronic & IT asset, Retail, Perishable goods, and others) by End-use industry (Manufacturing & Retail, Healthcare & pharmaceuticals, Automotive, FMCG, logistics, and others) and Region - Forecast to 2021
Pune, India -- (SBWIRE) -- 02/02/2018 -- Market Research Future published a research report on "Smart Labels Market Research Report- Forecast 2021" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.
CCL Industries Inc., Invengo Information Technology Co. Ltd., Checkpoint Systems Inc., Avery Dennison Corporation, Displaydata Ltd., Sato Holdings Corporation, Smartrac N.V., Willian Frick & Company, Zebra Technologies Corporation, Intermec Inc., Thin Film Electronics ASA, ASK S.A., Graphic Label Inc., Alien Technology Inc. and Muhlbauer Holding Ag & Co. Kgaa are some of the prominent players at the forefront of competition in the global smart labels market and are profiled in MRFR Analysis.
Global Smart Labels Market - Overview
Smart labels are designed to receive, record, and transmit digital information which leads to reduction of total tracking time. It thus aids to minimize human errors, and exhibits its accuracy and efficiency.
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The continuous growth of the packaging printing industry is fuelling the overall growth of the smart labels market. The industry demands inventory tracking and tracing solutions, and technological advancement which further augments the demand for such labels. Furthermore the growth of e-commerce has also induced the market growth. The benefits of online shopping such as faster delivery, easier return policies, and free shipping, have made many customers switch from the traditional methods of shopping. The packaging industry is seen expanding and various product innovation are marked in last many years. It is due to this reason that the market is expected to register similar growth in coming time.
With the increase in the concept of barcode scanning for the purposes of generating invoices and the increase demand inventory tracking across the supply chain, the smart labels market is seen growing significantly.
Global Smart Labels Market - Competitive Analysis
The market is characterized by the presence of many large players.
Smart labels appears to be highly competitive. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period.
In 2017, Invengo Textile Services today announced the launch of ACUITY Connect, a compact and cost-effective mobile linen inventory management solution designed for industrial laundries as well as hotels and hospitals. The lightweight and ergonomic UHF device is Bluetooth®-enabled and features a user-friendly app interface, enabling fast and efficient inventory counts at strategic stages such as: linen coming in from the laundry, linen dispatch to various services, stock taking in linen rooms and soiled linen check-out.
In Jan 2018, Avery Dennison Corporation, a leader in materials science and manufacturing specializing in the design and manufacture of a wide variety of labeling and functional materials, will showcase how its RFID applications play an integral role in enabling a fully omnichannel experience at the 2018 National Retail Federation's (NRF) Annual Convention and Expo. Building on its expertise in digital solutions for the retail industry, the company will also launch its Dynamic Window Display Advertising System at the event.
In Jan 2017, Displaydata Announced availability of new Aura29F Electronic Shelf Labels (ESLs) For Grocery Store Freezers. Displaydata, announced the immediate availability of the Aura29F ESL, a new addition to the Displaydata suite of ESL products, designed and optimized for use in the frozen sections of retail stores. The new Aura29F offers the same features as the existing Aura range, with the added benefit of operating in the temperature range used in retail store freezers of between -13°F and 32°F. Displaydata also announced the availability of the Guard42, which protects its Aura42 and Chroma42 ESLs from moisture and other elements typically found in delicatessen, fish and meat counters of retail stores.
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Global Smart Labels Market - Segments
Global Smart Labels Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Type : Comprises – RFID, Electronic Shelf Label, Sensing Label, & others
Segmentation By End-use Industries : Comprises – Manufacturing & Retail, Healthcare & pharmaceuticals, Automotive, FMCG, logistics, and others
Segmentation By Application : Comprises – Electronic & IT asset, Retail, Perishable goods, and others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World
Global Smart Labels Market - Regional Analysis
Asia-Pacific is expected to show a very high rate of growth in demand for smart labels over the coming years, owing to rising disposable incomes and the booming ecommerce industry. The smart labels market in developing countries such as China and India are estimated to grow at a high rate in the forecast period. China is estimated to grow faster than any other country because of its strong economic growth along with increase in online shopping, increased investment by packaging industries, and rapid urbanization.
China accounts for the largest market in Asia Pacific. China dominates with its electronics and appliance industry. Domestic manufacturers are accounting for the increase in share of consumer electronics due to growing brand reputation and improved technology. Factors such as rising increase in disposable income, urbanization are some of the major factors driving the demand for Smart labels solutions in the packaging.
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The report for Global Smart Labels Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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