Global Tracking Smart Labels Market Size, Share, Growth, Trends, Analysis by Type (RFID, Electronic Shelf Label, Sensing Label, & others) by Application (Electronic & IT asset, Retail, Perishable goods, and others) by End-use industry (Manufacturing & Retail, Healthcare & pharmaceuticals, Automotive, FMCG, logistics, and others) and Region – Forecast to 2021
Tracking Smart Labels Market Scenario
A smart label is an identification tag more informative than a barcode. This technology embedded in packaging can track the product information in real-time and is available at a much reasonable price. Different types of Tracking Smart Labels including printable labels, chip labels, and electronic labels are used based on the kind of applications such as food & beverages, healthcare & pharmaceuticals, manufacturing & retail, automotive, logistics, and FMCG among others.
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Food items move from field to table and inventory management is a critical aspect of the F&B supply chain. The ability of Tracking Smart Labels to trace a food or beverage product’s complete details is becoming more important in view of product recalls.
Managing a huge variety of perishable item demands for sophisticated systems that can give complete information as and when needed. And here is where the innovative technology of Tracking Smart Labels can come in to play giving product information with speed, accuracy, and efficiency at a shorter timeframe.
Instant access to the information is the key driving force encouraging the adoption of Tracking Smart Labels across industries. Therefore, the Tracking Smart Labels market has been witnessing exponential accruals on the global platform.
The key players of Global Tracking Smart Labels Market 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, Zebra Technologies Corporation, Intermec Inc., Thin Film Electronics ASA, ASK S.A., Graphic Label Inc., Alien Technology Inc. and Muhlbauer Holding Ag & Co. Kgaa.
The global Tracking Smart Labels Market 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.
The Tracking Smart Labels market 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 Tracking 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 Tracking Smart Labels.
Industry Related News
September 18, 2018 – Ynvisible Interactive Inc. (Canada), a leading global player operating in the printed electronics sector and engaged in the development, manufacture, and commercialization of electrochromic displays for Tracking Smart Labels, smart indicators, smart products, and Internet of thing applications (IoT) announced the opening of a new production facility with the new sheet-to-sheet production line to produce electrochromic devices for bulk orders in the thousands of unit per production run for products such as Tracking Smart Labels and Internet of IoT.
North American region closely following the market in the APAC is emerging as one of the lucrative markets for Tracking Smart Labels. Technological advancement and increased adoption of Tracking Smart Labels across various industry verticals are some of the key driving forces substantiating the market growth. Simultaneously, augmented demand & availability of quality Tracking Smart Labels is driving the growth in the region.
The European region is another promising market for Tracking Smart Labels and is expected to witness a fabulous growth during the review period. The increasing adoption of Tracking Smart Labels by small and medium scale businesses and increasing number of data centers is stimulating the market growth in the region.
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