Smart Label Market Size Forecast $67.16 Billion By 2032 CAGR 15.6%

Smart Label Market Size Worth $ 67.16 Billion By 2032 | CAGR: 15.6%


The global smart label market size is expected to reach USD 67.16 billion by 2032, according to a new study by Polaris Market Research. The report “Smart Label Market Share, Size, Trends, Industry Analysis Report, By Technology (EAS, RFID, Sensing Labels, Electronic Shelf/Dynamic Display Labels, Near Field Communication (NFC) Tags), By Component, By Application (Retail Inventory, Equipment, Others), By End-use, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The surge in demand is driven by the widespread adoption of efficient anti-theft and anti-counterfeit systems across various end-user industries. As industries increasingly recognize the importance of mitigating theft and countering counterfeit products, the installation of smart labels has become integral in implementing these protective measures.

Furthermore, the market is poised to witness key trends in constant research and innovation. Ongoing efforts in designing advanced and application-specific smart label products are expected to be pivotal in shaping the market landscape over the next few years. This trend reflects a commitment to developing smart label solutions that cater to specific industry needs and challenges, further enhancing their effectiveness in addressing issues such as theft prevention and counterfeit detection. The focus on innovation is likely to contribute to the continued growth and evolution of the market.

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The recent surge in rapid urbanization and an increase in disposable income among consumers have significantly propelled key end-user industries. Notably, sectors such as retail, FMCG, and pharmaceuticals have experienced substantial growth in response to these socioeconomic changes. The economic landscape in countries like India, Japan, & South Korea, has witnessed remarkable developments, fostering lucrative opportunities for businesses operating in these markets.

The utilization of smart labels plays a crucial role in helping companies mitigate key issues such as theft, shoplifting, and counterfeiting. These advanced labeling technologies provide enhanced security measures, real-time tracking, and authentication features, making them effective tools in preventing and addressing these challenges. As a result, the increasing prevalence of smart labels is particularly beneficial for industries, such as retail and manufacturing, where safeguarding products from theft, ensuring authenticity, and preventing fraudulent activities are paramount concerns.

In developing regions, the emerging presence and growth of key retail and manufacturing industries contribute significantly to the increasing demand for smart labels. The adoption of these labels aligns with the need for robust security measures and efficient tracking systems to protect products and ensure their authenticity. As these industries expand in developing regions, the smart label market is anticipated to experience accelerated growth, driven by the pressing need for effective solutions to combat theft, shoplifting, and counterfeiting.

Smart Label Market Report Highlights

  • Electronic shelf segment expected to grow at rapid pace, owing to its high adoption rate in inventory and retail stores
  • Retail inventory segment held the largest share, owing to its benefits in monitoring, and tracking of goods
  • Asia Pacific will grow at the rapid pace, owing to rise in installations of smart labels in mid and small retail stores
  • The key market players include Alien Technology, AVERY DENNISON, CCL Industries, Checkpoint Systems, and Zebra Technologies.

Polaris Market Research has segmented the smart label market report based on technology, component, application, and region:

Smart Label, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

  • EAS Labels
  • RFID Labels
  • Sensing Labels
  • Electronic Shelf/Dynamic Display Labels
  • Near Field Communication (NFC) Tags

Smart Label, Component Outlook (Revenue - USD Billion, 2019 - 2032)

  • Transceivers
  • Memories
  • Batteries
  • Microprocessors
  • Others

Smart Label, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Retail Inventory
  • Perishable Goods
  • Electronic & IT Assets
  • Equipment
  • Pallets Tracking
  • Others

Smart Label, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Smart Label Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 21.09 billion

Revenue forecast in 2032

USD 67.16 billion

CAGR

15.6% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments covered

By Technology, By Component, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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