Smart Labels Market: By Component, By Technology Labels, Sensing Labels, Electronic Shelf/Dynamic Display Labels, Near Field Communication Tags), By Application, By End-User , Manufacturing, Consumer Electronics, Others), and Geography
The smart labels market size was valued at US$ 13,928.1 million in 2023 and is poised to grow at a CAGR of 14.5% from 2024-2030. The growth of the market is driven by the growing demand for supply chain transparency and efficiency, rising concerns about product counterfeiting, increasing focus on food safety and traceability, and government regulations. Asia-Pacific region is the largest market shareholder and is expected to witness the highest CAGR. Consumers are increasingly demanding to know where their products come from and how they are made.
Smart labels can provide this information by tracking products throughout the supply chain. Counterfeiting is a major problem in many industries, and smart labels can help combat this by providing a way to verify the authenticity of products. Smartphones are becoming increasingly ubiquitous, and consumers are using them to access information about products more than ever before. Smart labels can be scanned with smartphones to provide consumers with additional information about products.
Growth of the Internet of Things (IoT) network of physical devices that are embedded with sensors and software, which allows them to collect and exchange data. Smart labels can be integrated with IoT devices to provide even more data about products, such as their location and condition. These are factors that are increasing the demand for the smart label and growth of the smart label market can be seen. However, the growth of the market is hindered by the following reasons, which are the high cost of implementation, lack of standardization, and privacy concerns.
Study Period
2024 - 2030Base Year
2023CAGR
14.5%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Development of new technologies, which are emerging and making smart labels more affordable and easier to implement. For instance, there are now companies that are developing printable smart labels that can be used on existing packaging lines. Smart labels are being used in a growing number of new applications, such as food safety, asset tracking, and marketing. As these applications continue to develop, the demand for smart labels is expected to grow. Governments around the world are increasingly enacting regulations that require companies to track their products more closely.
Smart labels can help companies to comply with these regulations. RFID and NFC are two of the most common technologies used in smart labels. These technologies are converging, which is making it possible to create smart labels that can be read by both RFID and NFC readers. Integration with blockchain is a distributed ledger technology that can be used to track the movement of products securely and transparently. Smart labels are being integrated with blockchain to create a more secure and efficient supply chain. AI is being used to analyze the data collected by smart labels. This data can be used to improve supply chain efficiency, prevent counterfeiting, and provide consumers with more personalized information about products.
Report Benchmarks |
Details |
Report Study Period |
2024 - 2030 |
Market Size in 2023 |
US$ 13,928.1 million |
Market CAGR |
14.5% |
By Component |
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By Technology |
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By Application |
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By End-User |
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The smart labels market was valued at US$ 13,928.1 million in 2023 and is projected to grow at a CAGR of 14.5%.
• Growing demand for supply chain transparency and efficiency • Rising concerns about product counterfeiting • Increasing focus on food safety and traceability • Government regulations
Avery Dennison Corporation, Henkel AG & Company., 3M, CILS Ltd, Cenveo Inc., ILN, Saint Gobain SA, GR Label, Fuji Seal International, Inc., GSM Graphics Arts, Brady Corporation, DuPont, H.B. Fuller Co., Herma Labels, and Flexcon Company, Inc.
1.Executive Summary |
2.Global Smart Labels Market Introduction |
2.1.Global Smart Labels Market - Taxonomy |
2.2.Global Smart Labels Market - Definitions |
2.2.1.Component |
2.2.2.Application |
2.2.3.Technology |
2.2.4.End-User |
2.2.5.Region |
3.Global Smart Labels Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Smart Labels Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Smart Labels Market By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Batteries |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Microprocessors |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Transceivers |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Memories |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6.Global Smart Labels Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Retail Inventory |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Electronic & IT Assets |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Equipment |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Perishable Goods |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Pallets Tracking |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Others |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7.Global Smart Labels Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. (RFID Labels |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Electronic Article Surveillance (EAS) Labels |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Sensing Labels |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Electronic Shelf/Dynamic Display Labels |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Near Field Communication (NFC) Tags |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.Global Smart Labels Market By End-User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Healthcare & pharmaceutical |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Automotive |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Logistic |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Retail |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Fast Moving Consumer Goods (FMCG) |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Manufacturing |
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
8.7. Consumer Electronics |
8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.7.3. Market Opportunity Analysis |
8.8. Others |
8.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.8.3. Market Opportunity Analysis |
9.Global Smart Labels Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Smart Labels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Batteries |
10.1.2.Microprocessors |
10.1.3.Transceivers |
10.1.4.Memories |
10.1.5.Others |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Retail Inventory |
10.2.2.Electronic & IT Assets |
10.2.3.Equipment |
10.2.4.Perishable Goods |
10.2.5.Pallets Tracking |
10.2.6.Others |
10.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.(RFID Labels |
10.3.2.Electronic Article Surveillance (EAS) Labels |
10.3.3.Sensing Labels |
10.3.4.Electronic Shelf/Dynamic Display Labels |
10.3.5.Near Field Communication (NFC) Tags |
10.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Healthcare & pharmaceutical |
10.4.2.Automotive |
10.4.3.Logistic |
10.4.4.Retail |
10.4.5.Fast Moving Consumer Goods (FMCG) |
10.4.6.Manufacturing |
10.4.7.Consumer Electronics |
10.4.8.Others |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Smart Labels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Batteries |
11.1.2.Microprocessors |
11.1.3.Transceivers |
11.1.4.Memories |
11.1.5.Others |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Retail Inventory |
11.2.2.Electronic & IT Assets |
11.2.3.Equipment |
11.2.4.Perishable Goods |
11.2.5.Pallets Tracking |
11.2.6.Others |
11.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.(RFID Labels |
11.3.2.Electronic Article Surveillance (EAS) Labels |
11.3.3.Sensing Labels |
11.3.4.Electronic Shelf/Dynamic Display Labels |
11.3.5.Near Field Communication (NFC) Tags |
11.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Healthcare & pharmaceutical |
11.4.2.Automotive |
11.4.3.Logistic |
11.4.4.Retail |
11.4.5.Fast Moving Consumer Goods (FMCG) |
11.4.6.Manufacturing |
11.4.7.Consumer Electronics |
11.4.8.Others |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Smart Labels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Batteries |
12.1.2.Microprocessors |
12.1.3.Transceivers |
12.1.4.Memories |
12.1.5.Others |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Retail Inventory |
12.2.2.Electronic & IT Assets |
12.2.3.Equipment |
12.2.4.Perishable Goods |
12.2.5.Pallets Tracking |
12.2.6.Others |
12.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.(RFID Labels |
12.3.2.Electronic Article Surveillance (EAS) Labels |
12.3.3.Sensing Labels |
12.3.4.Electronic Shelf/Dynamic Display Labels |
12.3.5.Near Field Communication (NFC) Tags |
12.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Healthcare & pharmaceutical |
12.4.2.Automotive |
12.4.3.Logistic |
12.4.4.Retail |
12.4.5.Fast Moving Consumer Goods (FMCG) |
12.4.6.Manufacturing |
12.4.7.Consumer Electronics |
12.4.8.Others |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Smart Labels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Batteries |
13.1.2.Microprocessors |
13.1.3.Transceivers |
13.1.4.Memories |
13.1.5.Others |
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Retail Inventory |
13.2.2.Electronic & IT Assets |
13.2.3.Equipment |
13.2.4.Perishable Goods |
13.2.5.Pallets Tracking |
13.2.6.Others |
13.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.(RFID Labels |
13.3.2.Electronic Article Surveillance (EAS) Labels |
13.3.3.Sensing Labels |
13.3.4.Electronic Shelf/Dynamic Display Labels |
13.3.5.Near Field Communication (NFC) Tags |
13.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Healthcare & pharmaceutical |
13.4.2.Automotive |
13.4.3.Logistic |
13.4.4.Retail |
13.4.5.Fast Moving Consumer Goods (FMCG) |
13.4.6.Manufacturing |
13.4.7.Consumer Electronics |
13.4.8.Others |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Smart Labels Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Batteries |
14.1.2.Microprocessors |
14.1.3.Transceivers |
14.1.4.Memories |
14.1.5.Others |
14.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Retail Inventory |
14.2.2.Electronic & IT Assets |
14.2.3.Equipment |
14.2.4.Perishable Goods |
14.2.5.Pallets Tracking |
14.2.6.Others |
14.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.(RFID Labels |
14.3.2.Electronic Article Surveillance (EAS) Labels |
14.3.3.Sensing Labels |
14.3.4.Electronic Shelf/Dynamic Display Labels |
14.3.5.Near Field Communication (NFC) Tags |
14.4. End-User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Healthcare & pharmaceutical |
14.4.2.Automotive |
14.4.3.Logistic |
14.4.4.Retail |
14.4.5.Fast Moving Consumer Goods (FMCG) |
14.4.6.Manufacturing |
14.4.7.Consumer Electronics |
14.4.8.Others |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Avery Dennison Corporation |
15.2.2.Henkel AG & Company |
15.2.3.3M |
15.2.4.CILS Ltd. |
15.2.5.Cenveo Inc. |
15.2.6.ILN |
15.2.7.Saint Gobain SA |
15.2.8.GR Label |
15.2.9.Fuji Seal International, Inc. |
15.2.10.GSM Graphics Arts |
15.2.11.Brady Corporation |
15.2.12.DuPont |
15.2.13.B. Fuller Co. |
15.2.14.Herma Labels |
15.2.15.Flexcon Company, Inc. |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players