Smart Labels Industry| COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2021

Market Scenario

Food items move from field to table and inventory management is a critical aspect of the F&B supply chain. The ability of smart labels to trace a food or beverage product’s complete details is becoming more important in view of product recalls.

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Key Players

The key players of Global Smart Labels Industry report include- CCL Industries Inc., Invengo Information Technology Co. Ltd., Checkpoint Systems Inc., Avery Dennison Corporation, Displaydata Ltd., Sato Holdings Corporation, Smartrac N.V., Willian Frick & Company

Industry Related News

The European region is another promising market for smart labels and is expected to witness a fabulous growth during the review period. The increasing adoption of smart labels by small and medium scale businesses and increasing number of data centers is stimulating the market growth in the region.

Segmentations

The global Smart Labels Industry is segmented into four key dynamics;

By Types: RFID, Electronic Shelf Label, and Sensing Label, among others.

By Application: Electronic & IT asset, Retail, and Perishable goods, among others.

By End-use industries: Healthcare & pharmaceuticals, Manufacturing & Retail, Automotive, logistics, and FMCG among others.

By Region: North America, Europe, APAC and the Rest-of-the-World.

Regional Analysis

The Smart Labels Industry in the Asia Pacific region is witnessing a rapid expansion stage due to the growing markets in China, Japan, and India. The wide adoption of these labels across the manufacturing sector is the key force driving the market growth in India and China, and placing these countries at the leading positions contributing the market growth in the region.

The APAC market of smart labels has been valued substantially which is expected to grow further by the end of the forecast period. Besides, the rapid economic growth allowing substantial investments in the retail sector along with the growing manufacturing industries and the security concerns rising alongside induce the demand for smart labels.

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