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Smart Labels Market: RFID Enabled Smart Labels Segment Anticipated to Register the Highest CAGR over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016–2026

Smart Labels Market: RFID Enabled Smart Labels Segment Anticipated to Register the Highest CAGR over the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016–2026

RFID segment anticipated to register 17.9% CAGR in the global smart labels market during the forecast period

RFID segment of the global smart labels market was estimated to account for a market share of more than 50% by the end of 2016 and is expected to gain over 200 basis points towards the close of the forecast period. This can be primarily attributed to an increasing growth of the organised retail sector. RFID segment in the global smart labels market was valued more than US$ 2,000 Mn in 2015 and is projected to reach a market value close to US$ 13,000 Mn by 2026, registering a CAGR of 17.9% during the forecast period. The segment is expected to create incremental $ opportunity of more than US$ 10,000 Mn from 2016 to 2026. In terms of volume, the RFID segment is expected to register a CAGR of 17.1% over the projected period. Demand for RFID smart labels has been continuously growing for the last few years, primarily due to increasing counterfeit incidents during shipping and distribution.

Rising preference for perishable food influences the demand for RFID tags

The RFID technology is gaining popularity among smart label manufacturers who prefer to reduce employment costs and eliminate human errors. RFID technology works without human intervention and is different from barcodes. Moreover, its acceptance is increasing owing to item identification, which is crucial in the retail sector. It is less sensitive to adverse conditions which in turn accelerates its usage in the global smart labels market. These factors are creating a positive impact of the segment on the global smart labels market. RFID technology is incorporated into physical objects to offer exclusive identification and an exact real-time representation of an object to the information system. Frozen foods have been in great demand in the past few years, directly influencing the demand for smart labels in the upcoming decade. Due to the perishable properties of these products, smart labels are attached to them to prevent counterfeiting as well as to minimise damages. This particular factor associated with RFID technology is fuelling market growth. Besides, an organised retail sector is observing a substantiate growth both in developed and developing economies. Moreover, the mounting demand for perishable goods such as seafood, meat and poultry is positively influencing the demand for RFID enabled smart labels.

RFID smart labels segment expected to remain the dominant segment in Latin America

RFID technology segment in the North America smart labels market was estimated to account for a market share of more than 50% by 2016 end and is expected to gain more than 400 basis points by 2026 end. In North America, the segment is anticipated to record a value CAGR of 18.0% during the forecast period, while by volume it is expected to register 17.1% CAGR during the projected period. In Latin America, the RFID smart labels segment is expected to remain the dominant segment in the region in terms of market value. RFID technology segment in the Latin America smart labels market is estimated to gain 40 basis points by the end of the assessment period. In Latin America, the RFID segment is likely to grow at 15.4% CAGR. In APEJ, RFID smart labels segment is anticipated to be the most lucrative technology type segment among smart labels manufacturers and the segment is also anticipated to gain more than 400 basis points during the forecast period. CCL Industries Inc. acquires Checkpoint Systems – a specialised manufacturer of RFID tags

The global smart labels market is observing an ongoing trend of strategic mergers and acquisitions, with major players looking to expand globally. Though the RFID segment is largely fragmented with the presence of a large number of players, organised players are moving toward consolidation, with mergers and acquisitions taking place globally. For instance, in March 2016, CCL Industries Inc. acquired Checkpoint Systems, a specialised manufacturer of RFID tags and inlays, to enhance its product portfolio in the retail and clothing markets.


1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Product Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Trends
4.3.4. Opportunity
4.3.5. Value Chain
4.4. Global Smart Labels Market Forecast, 2014–2026
4.4.1. Market Volume (‘000’ Units) Forecast
4.4.2. Market Size (Value (US $ Mn)) Forecast
4.4.2.1. Y-o-Y Growth Projections
4.4.2.2. Absolute $ Opportunity
4.5. Global Smart Labels Market Snapshot (2016 and 2026)
4.5.1. Market Share By Labelling Technology Type
4.5.2. Market Share By End Use
4.5.3. Market Share By Printing Technology
5. Global Smart Labels Market Analysis, By Labelling Technology Type
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Labelling Technology Type
5.1.2. Basis Point Share (BPS) Analysis, By Labelling Technology Type
5.1.3. Market Attractiveness Analysis, By Labelling Technology Type
5.2. Market Forecast By Labelling Technology Type
5.2.1. RFID
5.2.1.1. Market Value (US $ Mn) & Volume (‘000’ Units)
5.2.1.2. Absolute $ Opportunity
5.2.2. NFC tags
5.2.2.1. Market Value (US $ Mn) & Volume (‘000’ Units)
5.2.2.2. Absolute $ Opportunity
5.2.3. Electronic Article Surveillance
5.2.3.1. Market Value (US $ Mn) & Volume (‘000’ Units)
5.2.3.2. Absolute $ Opportunity
5.2.4. Sensing Labels
5.2.4.1. Market Value (US $ Mn) & Volume (‘000’ Units)
5.2.4.2. Absolute $ Opportunity
5.2.5. Electronic Shelf Labels
5.2.5.1. Market Value (US $ Mn) ) & Volume (‘000’ Units)
5.2.5.2. Absolute $ Opportunity
6. Global Smart Labels Market Analysis, By End Use
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By End Use
6.1.2. Basis Point Share (BPS) Analysis, By End Use
6.1.3. Market Attractiveness Analysis, By End Use
6.2. Market Forecast By End Use
6.2.1. Healthcare
6.2.1.1. Market Value (US $ Mn) & Volume (‘000’ Units)
6.2.1.2. Absolute $ Opportunity
6.2.2. Automotive
6.2.2.1. Market Value (US $ Mn) & Volume (‘000’ Units)
6.2.2.2. Absolute $ Opportunity
6.2.3. FMCG
6.2.3.1. Market Value (US $ Mn) & Volume (‘000’ Units)
6.2.3.2. Absolute $ Opportunity
6.2.4. Logistics
6.2.4.1. Market Value (US $ Mn) & Volume (‘000’ Units)
6.2.4.2. Absolute $ Opportunity
6.2.5. Retail
6.2.5.1. Market Value (US $ Mn) & Volume (‘000’ Units)
6.2.5.2. Absolute $ Opportunity
6.2.6. Others (Aerospace, library etc.)
6.2.6.1. Market Value (US $ Mn) & Volume (‘000’ Units)
6.2.6.2. Absolute $ Opportunity
7. Global Smart Labels Market Analysis, By Printing Technology
7.1. Introduction
7.1.1. Y-o-Y Growth Comparison, By Printing Technology
7.1.2. Basis Point Share (BPS) Analysis, By Printing Technology
7.1.3. Market Attractiveness Analysis, By End Use
7.2. Market Forecast By Printing Technology
7.2.1. Flexographic
7.2.1.1. Market Value (US $ Mn) & Volume (‘000’ Units)
7.2.1.2. Absolute $ Opportunity
7.2.2. Digital
7.2.2.1. Market Value (US $ Mn) & Volume (‘000’ Units)
7.2.2.2. Absolute $ Opportunity
7.2.3. Gravure
7.2.3.1. Market Value (US $ Mn) & Volume (‘000’ Units)
7.2.3.2. Absolute $ Opportunity
7.2.4. Screen
7.2.4.1. Market Value (US $ Mn) & Volume (‘000’ Units)
7.2.4.2. Absolute $ Opportunity
8. Global Smart Labels Market Analysis, By Region
8.1. Introduction
8.1.1. Y-o-Y Growth Projections, By Region
8.1.2. Basis Point Share (BPS) Analysis, By Region
8.1.3. Market Attractiveness Analysis, By Region
8.2. Market Size Forecast By Region
8.2.1. North America Market Volume (‘000’ Units) & Value (US $ Mn) Forecast
8.2.2. Latin America Market Volume (‘000’ Units) & Value (US $ Mn) Forecast
8.2.3. Eastern Europe Market Volume (‘000’ Units) & Value (US $ Mn) Forecast
8.2.4. Western Europe Market Volume (‘000’ Units) & Value (US $ Mn) Forecast
8.2.5. Asia Pacific Excluding Japan Market Volume (‘000’ Units) & Value (US $ Mn) Forecast
8.2.6. Japan Market Volume (‘000’ Units) & Value (US $ Mn) Forecast
8.2.7. Middle East & Africa Market Volume (‘000’ Units) & Value (US $ Mn) Forecast
9. North America Market Analysis
9.1. Introduction
9.1.1. Y-o-Y Growth Projections, By Country
9.1.2. Basis Point Share (BPS) Analysis, By Country
9.2. Market Size (US $ Mn) Forecast By Country
9.2.1. U.S.
9.2.2. Canada
9.3. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By Labelling Technology Type
9.3.1. RFID
9.3.2. NFC Tags
9.3.3. Electronic Article Surveillance
9.3.4. Sensing Labels
9.3.5. Electronic shelf labels
9.4. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By End Use
9.4.1. Healthcare
9.4.2. Automotive
9.4.3. FMCG
9.4.4. Logistics
9.4.5. Retail
9.4.6. Others (Aerospace, Library etc.)
9.5. Market Value (US $ Mn) Forecast By Printing Technology
9.5.1. Flexographic
9.5.2. Digital
9.5.3. Gravure
9.5.4. Screen
9.6. Market Attractiveness Analysis
9.6.1. By Country
9.6.2. By Labelling Technology Type
9.6.3. By End Use
9.6.4. By Printing Technology
10. Latin America Market Analysis
10.1. Introduction
10.1.1. Y-o-Y Growth Projections, By Country
10.1.2. Basis Point Share (BPS) Analysis, By Country
10.2. Market Size (US $ Mn) Forecast By Country
10.2.1. Argentina
10.2.2. Mexico
10.2.3. Brazil
10.2.4. Rest of Latin America
10.3. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By Labelling Technology Type
10.3.1. RFID
10.3.2. NFC Tags
10.3.3. Electronic Article Surveillance
10.3.4. Sensing Labels
10.3.5. Electronic shelf labels
10.4. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By End Use
10.4.1. Healthcare
10.4.2. Automotive
10.4.3. FMCG
10.4.4. Logistics
10.4.5. Retail
10.4.6. Others (Aerospace, Library etc.)
10.5. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By Printing Technology
10.5.1. Flexographic
10.5.2. Digital
10.5.3. Gravure
10.5.4. Screen
10.6. Market Attractiveness Analysis
10.6.1. By Country
10.6.2. Labelling Technology Type
10.6.3. By End Use
10.6.4. By Printing Technology
11. Eastern Europe Market Analysis
11.1. Introduction
11.1.1. Y-o-Y Growth Projections, By Country
11.1.2. Basis Point Share (BPS) Analysis, By Country
11.2. Market Size (US $ Mn) Forecast By Country
11.2.1. Russia
11.2.2. Poland
11.2.3. Rest of Eastern
11.3. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By Labelling Technology Type
11.3.1. RFID
11.3.2. NFC Tags
11.3.3. Electronic Article Surveillance
11.3.4. Sensing Labels
11.3.5. Electronic shelf labels
11.4. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By End Use
11.4.1. Healthcare
11.4.2. Automotive
11.4.3. FMCG
11.4.4. Logistics
11.4.5. Retail
11.4.6. Others (Aerospace, Library etc.)
11.5. Market Value (US $ Mn) Forecast By Printing Technology
11.5.1. Flexographic
11.5.2. Digital
11.5.3. Gravure
11.5.4. Screen
11.6. Market Attractiveness Analysis
11.6.1. By Country
11.6.2. By Labelling Technology Type
11.6.3. By End Use
11.6.4. By Printing Technology
12. Western Europe Market Analysis
12.1. Introduction
12.1.1. Y-o-Y Growth Projections, By Country
12.1.2. Basis Point Share (BPS) Analysis, By Country
12.2. Market Size (US $ Mn) Forecast By Country
12.2.1. EU 5
12.2.2. Nordic Countries
12.2.3. Benelux
12.2.4. Rest of Western Europe
12.3. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By Labelling Technology Type
12.3.1. RFID
12.3.2. NFC Tags
12.3.3. Electronic Article Surveillance
12.3.4. Sensing Labels
12.3.5. Electronic shelf labels
12.4. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By End Use
12.4.1. Healthcare
12.4.2. Automotive
12.4.3. FMCG
12.4.4. Logistics
12.4.5. Retail
12.4.6. Others (Aerospace, Library etc.)
12.5. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By Printing Technology
12.5.1. Flexographic
12.5.2. Digital
12.5.3. Gravure
12.5.4. Screen
12.6. Market Attractiveness Analysis
12.6.1. By Country
12.6.2. By Labelling Technology Type
12.6.3. By End Use
12.6.4. By Printing Technology
13. Asia Pacific Excluding Japan Market Analysis
13.1. Introduction
13.1.1. Y-o-Y Growth Projections, By Country
13.1.2. Basis Point Share (BPS) Analysis, By Country
13.2. Market Size (US $ Mn) Forecast By Country
13.2.1. China
13.2.2. India
13.2.3. South Korea
13.2.4. ASEAN countries
13.2.5. Australia & New Zealand
13.2.6. Rest of APEJ
13.3. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By Labelling Technology Type
13.3.1. RFID
13.3.2. NFC Tags
13.3.3. Electronic Article Surveillance
13.3.4. Sensing Labels
13.3.5. Electronic shelf labels
13.4. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By End Use
13.4.1. Healthcare
13.4.2. Automotive
13.4.3. FMCG
13.4.4. Logistics
13.4.5. Retail
13.4.6. Others (Aerospace, Library etc.)
13.5. Market Volume (‘000’ Units) & Value (US $ Mn) Forecast By Printing Technology
13.5.1. Flexographic
13.5.2. Digital
13.5.3. Gravure
13.5.4. Screen
13.6. Market Attractiveness Analysis
13.6.1. By Country
13.6.2. By Labelling Technology Type
13.6.3. By End Use
13.6.4. By Printing Technology

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