Smart labels are creative tags that may deliver real-time product data thanks to technologies like NFC (near field communication) and RFID (radio frequency identification). They improve inventory control, tracking, and authentication in the supply chain. Product details such as origin, expiration date, and usage directions can be stored on smart labels.
The packaging industry's seamless integration of technological know-how has led to the entire invention of smart labels. Because the smart labels have the ability to provide customers with detailed product information and enable real-time product identification, their market share has increased. Smart labels are becoming more and more necessary due to the growing concerns that manufacturers have about safety and the need for anti-theft models. The technology used in smart labels has likewise been the product of ongoing technical advancement. The packaging company's remarkable market adoption of smart labels is a result of the smart labels' utilization of digital technologies and smart gadgets.
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Top Leading Key players Of Smart Labels Market:
- Avery Dennison Corporation
- CCL Industries.
- Checkpoint Systems.
- Smartrac N.V.
- Zebra Technologies Corporation
- Alien Technology.
- Sato Holding Corporation
- Intermec Inc.
- Thin Film Electronics ASA
- Checkpoint Systems, Inc. and other major players.
Market Segmentation Of Smart Labels Market:
By Technology Type
- EAS
- RFID
- Sensing
- ESL
- Near Field Communication (NFC) tags
By Application
- Retail Inventory
- Perishable Goods
- Electronics IT Assets
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Furthermore, in our report we offer company profiles and competitive landscapes with profound insights into market players' roles, overviews, operating business segments, products, and financial performance. By carefully evaluating critical metrics such as production volume, sales volume, and sales margin, we equip our clients with a comprehensive comprehension of their market position
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Key Industry Developments in the Smart Labels Market:
- In July 2023,CCL Industries strengthened its European presence with the acquisition of Germany's Faubel Co. Nachf. GmbH, a pharmaceutical label business. This strategic move enhances CCL Industries' organizational and operational capabilities, propelling its global expansion efforts. The acquisition underscores CCL Industries' commitment to fortifying its foothold in the European market and signifies a significant step forward in its pursuit of global prominence.
- In January 2023, Avery Dennison unveiled its acquisition agreement with Thermopatch, a leading provider of labeling and embellishments for various industries. The deal positions Thermopatch under Avery Dennison's RBIS Apparel Solutions division. This strategic move aims to capitalize on collective expertise, enhancing external embellishments. Thermopatch, based in Syracuse, New York, reported 2022 revenues of around $40 million, boasting approximately 200 employees across North America and Europe.
Report covered the major key points:
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- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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