Global Smart Labels Market 2018-2023: Smart Labels are Playing a Major Role in Reducing Counterfeit Attempts in All Type of Products

11/6/2018, 1:16 PM (Source: GlobeNewswire)

Dublin, Nov. 06, 2018 (GLOBE NEWSWIRE) -- The "Smart Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global smart labels market reached a value of US$ 5.9 Billion in 2017. The market is further projected to reach US$ 11.7 Billion by 2023, exhibiting a CAGR of 12.1% during 2018 - 2023.

Smart labels act as an innovative label through which anyone can track information about a product through their smart devices. These smart labels not only carry information about the product and the ingredients used in it but also provide information about manufacturers, date of manufacturing and other crucial information. Different industries are currently using smart labels, such as manufacturing, food and beverage, healthcare, automotive, retail, security, FMCG, etc. These smart labels also offer smart traceability of a product and help in maintaining its authenticity. A number of factors are currently driving the market for smart labels.

Industries such as logistics and transportation are greatly benefiting from smart label technology as smart labels help in attaining higher levels of productivity and accuracy in delivery. Moreover, smart labels also help in enhancing inventory management and product information. Smart labels carry significant advantages over barcode-only labels that simply cannot provide the same level of accuracy, readability and the depth of information.

In the retail segment, companies are strongly benefiting from smart label technology. For instance, large global retailers along with their suppliers are experiencing better product tracking and inventory management. Organizations are able to achieve huge time savings, which is also leading to reduced labor costs as companies no longer have to rely on a handheld scanners to extract information on products.

Shopkeepers and manufacturers have also benefited from smart label technology as they are extremely efficient in reducing shoplifting and theft. They also aid in strategies to prevent criminals from breaking into drug stores to access prescription drugs. All these products can be easily tracked and monitored using smart tags. This advantage can also be achieved inside the warehouse environment to decrease product theft on the back-end segment of the business.

There is an increasing awareness in the industry about counterfeiting and smart labels are playing a major role in reducing counterfeit attempts in all type of products.

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Smart Labels Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Technology
5.4 Market Breakup by Component
5.5 Market Breakup by End-User
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.11 Price Analysis
5.11.1 Price Indicators
5.11.2 Price Structure
5.11.3 Margin Analysis

6 Market Breakup by Technology
6.1 Radio-Frequency Identification (RFID)
6.2 Electronic Article Surveillance (EAS)
6.3 Electronic Shelf Label (ESL)
6.4 Sensing Labels
6.5 Near Field Communication (NFC)

7 Market Breakup by Component
7.1 Batteries
7.2 Transceivers
7.3 Microprocessors
7.4 Memories
7.5 Others

8 Market Breakup by End-Uesr
8.1 Retail
8.2 Logistics and Transportation
8.3 Healthcare
8.4 Food and Beverage
8.5 Aerospace
8.6 Data Centers and Libraries
8.7 Others

9 Market Breakup by Region
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America

10 Smart Labels Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Avery Dennison Corporation
11.3.2 CCL Industries Inc
11.3.3 Checkpoints Systems, Inc.
11.3.4 Zebra Technologies Corporation
11.3.5 Intermec, Inc.
11.3.6 Invengo Information Technology Co Ltd
11.3.7 Sato Holdings Corporation
11.3.8 Thin Film Electronics ASA
11.3.9 Smartrac N.V.
11.3.10 Muehlbauer Holding AG

For more information about this report visit https://www.researchandmarkets.com/research/kvdzv7/global_smart?w=12

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Related Topics: Labels

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