The smart labels market is expected to unfold by 3.36x with US$ 18 billion through 2030. When talking about packaging market, adoption of smart labels is gaining maximum traction in Asian-Pacific region. Due to the increment in need for convenient packaging solutions in food and beverage or retail industries, demand is gaining popularity in the market.
“Availability of wide range of printing technologies, improved communication network and higher preference for sustainable packaging solutions across the world, demand for smart labels has escalated in a dexterous manner. This has also helped the manufacturers get an insight about the kind of production this market demands,” says the FMI Analyst.
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Expected Impact on Market by Coronavirus Outbreak
Smart Labels market might experience considerable pressure due to reduced production. In times like these, social distancing and proper hygiene is demanded. The packaging market has always been in demand therefore healthcare and FMCG industry might revive soon to the pre-pandemic position. Value added features like cost-efficiency and user-friendly technology is gaining traction. There will be a surging demand for COVID-19 testing kits, masks and gloves which will be up taken by packaging industries too, thereby, helping the market in witnessing steady growth.
Key manufacturers are incorporating innovative techniques like organicprinting and packaging to enhance market growth. Major players in the marketHoneywell International Inc., Avery Denison Corporation, CCL Industries Inc.,Zebra Technologies Corporation, SATO Holdings Corporation, Checkpoint SystemsInc.,Thin Film Electronics ASA, Muehlbauer Holding AG, Invengo Technology
For an instance, key companies are focusing on adopting better printing technologies and patterns without any signs of deterioration. Manufacturers are investing in expanding product portfolio to maintain a better mark.
For example, Avery Dennison Corporation has introduced eco-friendly and biodegradable tags. This feature helps in eliminating micro plastics and harmful substances.
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
- Market Overview
2.1. Market Coverage
2.2. Market Definition
- Global Smart Labels Market Demand Analysis 2015–2019 and Forecast, 2020–2030
3.1. Historical Market Volume (Units) Analysis, 2015–2019
3.2. Current and Future Market Volume (Units) Projections, 2020–2030
3.3. Y-o-Y Growth Trend Analysis
- Global Smart Labels Market – Pricing Analysis
4.1. Regional Pricing Analysis
4.2. Pricing Break-up
4.3. Global Average Pricing Analysis Benchmark
- Global Smart Labels Market Demand (Value in US$ Mn) Analysis 2015–2019 and Forecast, 2020–2030
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