San Francisco, 6 September 2018; The global smart Label market is expected to
reach USD 16.12 billion by 2025, according to a new report by Grand View
Research, Inc. Installation of efficient anti-theft and anti-counterfeit system
in several end-user industries is projected to propel the demand. Constant
research and innovation efforts to design advanced and application specific
products are expected to be the key trend in the global smart label market over
the next few years.
Rapid urbanization and rise in disposable
income of consumers have propelled key end-user industries such as retail,
FMCG, and healthcare & pharmaceutical in Asia Pacific in the recent past.
Growing economic trends in China, India, Japan, South Korea, and South East
Asian countries have created lucrative opportunities in the smart label market.
Usage of smart label helps companies to
prevent key issues such as theft, shop lifting, and counterfeit. Thus, emerging
presence of key retail and manufacturing industries in developing regions is
projected to accelerate the growth of smart label market in the next few years.
Browse
Research Report on Smart Label Market:
Further key findings from the report suggest:
·
The global market for smart label was
valued at around USD 4.21 Bn in 2015 and is expected to reach over USD 16.12 Bn
by 2025, growing at a CAGR of 14.7% from 2016 to 2025
·
RFID labels accounted for over 60% of
global volumes in 2015, and is expected to grow over the next nine years on
account rising demand in retail sectors
·
In terms of components, batteries segment
was estimated to dominated the global smart label market in 2015
·
Retail inventory accounted to be the
largest application segment in 2015, accounting for over 22% of the global
smart label market volume owing to excellent real time tracking efficiency
·
Perishable goods application segment is
anticipated to exhibit promising trend by expanding at the fastest CAGR from
2016 to 2025 due to rising use in medication management and medical instruments
·
Retail is expected to be the highest
revenue generating end-user segment of the smart label market growing at a
double digit CAGR of over 14% from 2016 to 2025, owing to improved supply chain
efficiency obtained from smart label
·
Asia Pacific is projected to witness the
fastest growth rate over the forecast period, owing to promising trend in
retail and FMCG industries in developing countries
·
Avery Dennison Corporation, CCL Industries,
Inc, Zebra Technologies Corporation, Alien Technology Inc, Intermec Inc,
Checkpoint Systems, Inc are some of the key players operating in smart label
market
·
The major smart label manufactures are
focusing to enhance their presence in emerging BRIC counties through introduction
of new products and capacity expansion
View press release of this
research report by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials, and healthcare.
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