The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing demand from end users such as the food and beverage industries is likely to promote innovation in smart label manufacturing, propelling the market during the forecast period.

The global smart label market is expected to grow from $8.05 billion in 2022 to $9.38 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The smart label market size is expected to reach $16.47 billion in 2027 at a CAGR of 15.1%.

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Global Smart Label Market Segments Include:

• By Component: Batteries, Transceivers, Microprocessors, Memories, Other Components
• By Labeling Technology: Radio Frequency Identification (RFID), NFC Tags, Electronic Article Surveillance (EAS), Sensing Labels, Electronics Shelf Labels
• By Printing Technology: Flexographic Smart Labels, Digital Smart Labels, Gravure Smart Labels, Screen Smart Labels
• By Application: Retail Inventory, Perishable Goods
• By End-User: Retail, Healthcare And Pharmaceuticals, Food And Beverages, Consumer Electronics, Supply Chain and Logistics, Transportation, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global smart label market in 2021.

Major Market Players in the smart label market include Avery Denison Corporation, CCL Industries Inc., Checkpoint Systems Inc., Thin Film Electronics ASA, Alien Technology Inc., Zebra Technologies Corporation, SATO Holdings Corporation.

Technological advances are a major trend that is gaining traction in the smart label market. To maintain their market position, major players in the smart label market are embracing new technologies. For example, in January 2023, Pod Group, a UK-based connectivity solution provider company, launched a commercial smart label tracking device in collaboration with Sodaq, a Netherlands-based quality-focused experienced company in the field of the Internet of Things, and Lufthansa Industry Solutions, a Germany-based software company. This device is used in the logistics business to track small and lightweight objects. This smart label transmits device-related data such as location and temperature to a centralised dashboard via low-power cellular 5G networking standards. This technology keeps the label battery lightweight and optimises battery life, which can last up to two years.

The Smart Label Global Market Report 2023  provides a smart label market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The smart label market forecast analyzes smart label market size, smart label market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Smart labels are unique labels that use advanced technology to deliver more information than a standard label. It is used to provide instructions for using or preparing the product, recycling recommendations, safety and handling cautions, and delicious recipes.

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