Market Overview

The Global Smart Label Market was valued at USD 18,891.7 million in 2023 and is expected to reach USD 64,988.9 million by 2031 while growing at a CAGR of 16.7% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global smart label market growth. A smart label, also referred to as an electronic label or RFID (Radio Frequency Identification) tag, integrates advanced technology for storing and transmitting data electronically, surpassing the capabilities of conventional paper or plastic labels. These labels incorporate integrated circuits (ICs) or other electronic components, enabling functionalities beyond mere identification.

The smart label market's growth is propelled by the increasing demand for real-time visibility and tracking of goods across the supply chain, along with the rise in counterfeit products. Nevertheless, obstacles such as data privacy and security concerns, as well as cost considerations, could hinder market expansion.

Furthermore, the global smart label industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Technology Analysis

The Global Smart Label Market is segmented among Electronic Article Surveillance (EAS), RFID, Sensing Label, NFC, and Electronic Shelf Label (ESL), based on Technology. In 2023, RFID accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Smart Label Market is segmented among Retail, Healthcare and Pharmaceutical, Logistics, Manufacturing, and Other End-user Industries, based on End-user Industry. In 2023, Retail accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Smart Label Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share and is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Avery Dennison Corporation, CCL Industries Inc., William Frick & Company, Honeywell International Inc., Invengo Information Technology Co. Ltd, Scanbuy Inc, Sato Holdings Corp., Alien Technology, and Zebra Technologies Corp.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Smart Label Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Smart Label Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Smart Label Market Segmentation, By Technology

• Global Smart Label Market Share Analysis, By Technology

• Global Smart Label Market Growth Analysis, By Technology

• Global Smart Label Market Trends, By Technology

o Electronic Article Surveillance (EAS)

o RFID

o Sensing Label

o NFC

o Electronic Shelf Label (ESL)

6. Global Smart Label Market Segmentation, By End-user Industries

• Global Smart Label Market Share Analysis, By End-user Industries

• Global Smart Label Market Growth Analysis, By End-user Industries   

• Global Smart Label Market Trends, By End-user Industries  

o Retail

o Healthcare and Pharmaceutical

o Logistics

o Manufacturing

o Other End-user Industries    

7. Global Smart Label Market Segmentation, By Region

• Global Smart Label Market Share Analysis, By Region

• Global Smart Label Market Growth Analysis, By Region

• Global Smart Label Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Avery Dennison Corporation*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• CCL Industries Inc.

• William Frick & Company

• Honeywell International Inc.

• Invengo Information Technology Co. Ltd

• Scanbuy Inc

• Sato Holdings Corp.

• Alien Technology

• Zebra Technologies Corp    

 *Similar analysis will be provided for each company listed above.