The global market for smart labels will grow from USD 4.45 billion in 2016 to reach USD 10.03 billion by 2021, at an estimated CAGR of 17.65%. The market for smart labels is driven by growing demand in a variety of industries such as automotive, retail, FMCG, healthcare, and manufacturing, in both developed and developing countries. To track the activities of patients, hospital staff, inventory management, and patients’ database, smart labels are highly preferred in the healthcare industry.
Complete report on worldwide smart labels market spread across 143 pages, profiling more than 15 companies and supported with 192 tables and 77 figures is now available at http://www.rnrmarketresearch.com/smart-labels-market-by-technology-eas-rfid-sensing-esl-nfc-tags-components-batteries-transceivers-microprocessors-others-application-retail-inventory-perishable-goods-electronic-it-asset-others-st-to-2021-market-report.html .
The sensing labels segment is projected to be the fastest-growing technology in the smart labels market in the next five years. Sensing labels are gaining preferences in industries such as food & beverages and healthcare as these labels help to sense changes in temperature, oxygen, carbon dioxide, and others.
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe, from 2016 to 2021. Japan accounted for the largest consumption of smart labels, followed by China in 2015. In North America, the U.S. is the largest consumer of smart labels.
The various suppliers of smart labels profiled in this report such as CCL Industries, Inc. (Canada), Checkpoint Systems, Inc. (U.S.), Avery Dennison Corporation (U.S.), ,Muhlbauer Holding Ag & Co. Kgaa (Germany), Sato Holdings Corporation (Japan), Alien Technology Inc. (U.S.), Invengo Information Technology Co., Ltd. (China), Smartrac N.V. (The Netherlands), Zebra Technologies Corporation (U.S.), Thin Film Electronics ASA(Norway), ASK S.A. (France), Graphic Label, Inc. (U.S.), Display data Ltd. (U.K.), Willian Frick & Company (U.S.) and Intermec Inc. (U.S.) [Honeywell International Inc.]. Ask for the discount before order a copy of http://www.rnrmarketresearch.com/contacts/discount?rname=536749 .
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows:
By Company Type: Tier1 –41%, Tier2 –17%, and Tier3 –42%
By Designation: C-level –48%, Manager Level – 32%, and Others –20%
By Region: North America –44%, Europe –19%, Asia-Pacific – 28%, and RoW –9%
On a related note, another research on Security Labels Market Forecast to 2020 says, the global security labels market was valued at USD 20.61 Billion in 2015 and is projected to reach USD 26.47 Billion by 2020, at a CAGR of 5.13% from 2015 to 2020. Rising demand for food and beverage, retail, and consumer durables sector is to drive the market for security labels. Food & beverage accounted for the largest market share during the forecast period for security labels. Companies like 3M Company, Avery Dennison Corporation, CCL Industries Inc., UPM, Honeywell International Inc., Tesa SE Group, Seiko Holdings Corporation, Group Dc, Label Lock and Polylabel.com have been profiled in this 238 pages research report available at http://www.rnrmarketresearch.com/security-labels-market-by-type-branding-identification-information-identification-method-bar-code-radio-frequency-identification-holographic-composition-facestock-release-liner-adhesive-form-reel-she-st-to-2020-market-report.html .
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