The global Smart Label Market size is expected to register a CAGR of 15%, expanding more than threefold across the 2020-2030 forecast periods.
Smart labels are item identification solutions encompassing more advanced technologies compared to conventional barcodes. Smart labels incorporate technologies which extend the functionality and contents of labels or packaging, and come in a variety of forms, from RFID tags & QR codes to near field communication (NFC).
Major Players in the market includes Avery Dennison Corporation, CCL Industries, Inc., Zebra Technologies Corporation, Sato Holdings Corporation, Checkpoint Systems, Inc., Smartrac N.V., Muhlbauer Holding AG & Co. Ltd., ASK S. A., Thin Film Electronics ASA, Intermec Inc., and Alien Technology, Inc.
FMI, In the coming year, Baker said the newly branded FMI will continue to work with the FMI Private Brands Council, taking in industry feedback regarding the influence of the BE (bioengineered foods) regulations in addition to promoting SmartLabel as a tool to deliver more information to consumers that could ever fit on a package. Avery Dennison, which is a global designer and manufacturer of label and packaging products, launched a tag fastener made of material that degrades within one year of exposure to soil organisms. A regular polypropylene fastener can take anywhere from 20 to 30 years to breakdown, according to the company.
CCL Industry, WashOff labels are compatible with all conventional industrial washing systems that are used, for example, by breweries for their pool bottles. In addition, the WashOff labels have the advantage that they are resistant to moisture and the resulting “label slipping” during use, which can often be observed with returnable bottles,” says Sebastian Kleu, Head of Sales PSL Europe at CCL Label. “For a smooth functionality of the reusable system and the increase of the quota to 70 percent, which is prescribed by the packaging law, the correct labels are certainly a key to success”
The global smart label market is segmented on the basis of components, technology, application, and geography. On the basis of components, the smart label market is segmented as batteries, microprocessors, transrecievers and others. On the basis of technology, the global smart label market is further segmented as RFID, Electronic Article Surveillance, Electronic Shelf Labels, Near Field Communication Tags, and others. On the basis of application, the global smart label market is segmented into retail, consumer electronics, apparel, transportation & logistics, warehousing, inventory management and others. Geographically, global smart label market can be segmented into North America, Europe, Middle East & Africa, Asia Pacific and Latin America. North America is slated to emerge as the kingpin of the global smart labels market, accounting for more than 40% of the revenue share across the 2020-2030 forecast decades.
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