Smart Labels Companies

The global smart labels market size is projected to grow from USD 11.43 billion in 2024 to USD 17.33 billion by 2029, at a CAGR of 8.7% during the forecast period.

Smart Labels Companies

The smart labels market is growing due to increasing demand in the supply chain industry, the incorporation of smart sensors, and the increasing integration of IoT technologies. Smart labels become a crucial component in the supply chain to ensure better transparency so that there can be efficiency improvement in the supply chain system. RFID and IoT labels integrate good tracking systems to monitor the flow of products at different times helping to reduce errors and increase control. Healthcare, automotive, retail, and chemical sectors require smart label solutions due to regulatory compliance, safety, and efficiency improvements.

To know about the assumptions considered for the study download the pdf brochure

A few of the major players are Avery Dennison Corporation (US), CCL Industries, Inc. (Canada), Zebra Technologies Corporation (US), and SATO Holdings Corporation (Japan). These players have implemented various growth strategies, such as product launches, collaborations, partnerships, acquisitions, and expansions to enhance their market shares and boost their product portfolios.

Avery Dennison Corporation, a global leader in labeling and packaging materials, offers a comprehensive range of innovative solutions to meet the diverse needs of its customers worldwide. The company offers a wide range of products and solutions, including labels, functional materials, RFID inlays and tags, and software that connects the physical and digital. They also provide products that enhance branded packaging and display information to improve customer experiences. Their solutions cater to various industries globally, such as home and personal care, apparel, retail, e-commerce, logistics, food, pharmaceuticals, and automotive. The company’s two reporting segments include Materials and Solutions. The Solutions Group offers branding solutions such as decorative brand elements, graphic tickets, tags, labels, and eco-friendly packaging. Its information solutions include item-level RFID solutions, price ticketing & marking systems, brand protection and security services, and others. The company has a global presence in more than 50 countries, with operations spanning North America, South America, Europe, and the Asia Pacific.

Zebra Technologies Corporation is a prominent player in the automatic identification and data capture (“AIDC”) industry. The company operates in the market via two business segments: Asset Intelligence & Tracking (AIT), which comprises barcode and card printing, supplies, services, location solutions, and retail solutions, and Enterprise Visibility & Mobility (EVM), which deals in mobile computing, data capture, RFID, and services. The company designs, manufactures, and sells a broad range of AIDC products, including mobile computers, barcode scanners, and imagers, RFID readers, specialty printers for barcode labeling and personal identification, real-time location systems (“RTLS”), related accessories and supplies, such as labels and other consumables. The company operates in 122 facilities with around 9,750 employees globally. They offer products, solutions, and services through a direct sales team and a network of over 10,000 channel partners in approximately 185 countries.

SATO Holdings Corporation is a leading provider of automatic identification and data collection solutions headquartered in Japan. Founded in 1951, the company is recognized for its design, development, and production of a wide range of label solutions. SATO offers a comprehensive portfolio of plain and full-color label types to meet various business needs. The company provides labels with bespoke sizes, adhesives, and substrates to accommodate diverse print requirements. SATO's offerings cover various applications, including price tags, expiry labels, and RFID-enabled tracking solutions. The company serves a diverse customer base across industries such as food, healthcare, manufacturing, retail, transportation, and logistics. With a global presence that spans the Americas, Europe, Asia, and Oceania, SATO delivers tailored solutions to meet the unique needs of each market.

CCL Industries, Inc. is a prominent global producer and supplier of specialized packaging and operates through the following segments: CCL, Avery, Checkpoint, and Innovia. CCL Industries processes pressure-sensitive and extruded film materials for decorative, informative, security, and practical purposes. The CCL segment delivers cutting-edge labeling, security, and packaging solutions across various sectors, including healthcare, food and beverage, automotive, and technology. It offers pressure-sensitive labels, flexible pouches, pharmaceutical labels, RFID solutions, and secure packaging for clinical trials and government security applications. The Avery division produces consumer goods such as labels, binders, dividers, sheet protectors, and writing devices. The Checkpoint section offers technology-based solutions for minimizing losses, inventory management, and labeling. The Innovia division provides specialized, high-performance, multilayer, surface-engineered films for labeling, packaging, and security purposes. The firm has 213 manufacturing facilities in 43 countries and 6 continents, providing worldwide packaging solutions.

The companies have initiated the following developments:

• In October 2024, Avery Dennison Corporation expanded its AD TexTrace portfolio with the introduction of heat-seal and durable printed fabric label solutions.
• In October 2024, TOPPAN Holdings Inc. acquired 100% ownership of Selinko SA, a company specializing in the development and sale of ID authentication platforms primarily in Europe, completing the process to make it a wholly owned subsidiary.
• In August 2023, CCL Industries announced a partnership with Imprint Energy, a global leader in the development of thin, flexible, rechargeable batteries. This collaboration aims to create the world's most sustainable and environmentally friendly power-dense batteries, designed to power the next generation of product labels (smart labels).

Related Reports:

Smart Labels Market by Technology (RFID labels, EAS labels, NFC labels, sensing labels, others), Application (Retail & inventory tracking, pallet tracking), End-Use (FMCG, logistics, retail, healthcare), Component - Global Forecast to 2029