Report Ocean has recently published a new report titled “Global Smart Label Market ” 2023, which outlines the regional and global markets that are predicted to experience significant growth between 2023 and 2031. This extensive research delves deeply into the market’s ever-changing dynamics, value chain analysis, competitive landscapes, investment hotspots, geographical landscape, and significant segments, providing critical insights and valuable information for policymakers, stakeholders, investors, newcomers, and industry professionals. In addition, the report provides a comprehensive examination of the industry’s controls and restraints, as well as information on the global industry’s plans and opportunities. By utilizing this report, individuals in the industry can capitalize on emerging opportunities, develop key strategies, and gain a competitive edge over rivals.
Global smart label market will reach $27.39 billion by 2030, growing by 13.8% annually over 2020-2030 considering the impact of COVID-19 pandemic. The market is driven by the technological advancement, rising disposable household income, feasible real-time tracking of merchandise, and increasing demand for more security and anti-theft label.
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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Chemicals and Materials industries. resulting in a large market for Global Smart Label Market .
Highlighted with 81 tables and 90 figures, this 169-page report Global Smart Label Market 2020-2030 by Component, Product Form, Technology (RFID, EAS, Sensing Label, NFC, ESL), Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire global smart label market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porters Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify smart label market in every aspect of the classification from perspectives of Component, Product Form, Technology, Application, Industry Vertical, and Region.
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Key Players (this may not be a complete list and extra companies can be added upon request):
Avery Dennison Corporation
CCL Industries Inc.
Checkpoint Systems, Inc.
Displaydata Ltd.
Graphic Label, Inc.
Intermec Inc. (Honeywell International Inc.)
Invengo Information Technology Co., Ltd.
Muehlbauer Holding Ag & Co.
Sato Holdings Corp.
Scanbuy Inc.
Smartrac N.V.
Thin Film Electronics ASA
William Frick & Company
Zebra Technologies Corporation
Based on Component
Batteries
Transceivers
Microprocessors
Memories
Other Components
By Product Form
Paper & Paperboard
Foam Plastics
Plastics and Others
Based on Technology
RFID
Electronic Article Surveillance (EAS)
Sensing Label
NFC
Electronic Shelf Label (ESL)
Other Technologies
Based on Application.
Electronics and IT Asset
Equipment
Retail & Inventory Tracking
Pallet
Perishable Goods
Other Applications
Based on Industry Vertical
Retail Industry
Logistics and Transportation
Healthcare and Pharmaceutical
Manufacturing Industry
Fast-moving Consumer Goods (FMCG)
Automotive
Aerospace
Data Centers and Libraries
Other Industries
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Geographically
North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE, Saudi Arabia, South Africa)
The research provides answers to the following key questions:
- What is the projected growth rate of the market for the period 2023–2032? What will be the market size during this period?
- What are the primary driving forces that will shape the market’s trajectory throughout the forecast period?
- Who are the key market vendors, and what strategies have contributed to their strong market position?
- What are the notable market trends influencing the growth of the market across various regions?
- What are the significant threats and challenges that may hinder the market’s growth?
- What are the major opportunities that market leaders can leverage to achieve success and profitability?
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