Packaging and ICT Industry Convergence Propels Advancement of the Global Smart Label Materials Market

Packaging and ICT Industry Convergence Propels Advancement of the Global Smart Label Materials Market

Increasing Requirements for Digital Tracing and Tracking in the Retail, Healthcare, and Food & Beverage Value Chains Fuel Growth Strategies

RELEASE DATE
29-Jan-2021
REGION
Global
Research Code: K57C-01-00-00-00
SKU: CM01852-GL-MT_25219
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Description

Frost & Sullivan’s study of the global smart label materials market analyzes the growth drivers, challenges, and trends that affect participants in this space. The study period is 2017 to 2027 using a base year of 2020 and a forecast period of 2021 to 2027. The global market is segmented into the following regions: Americas, Europe, Middle East, Africa, and South Asia (MEASA), and Asia-Pacific.

A smart label is a developed version of a label with extended functionalities, such as use of technology and sensors. Consumers are able to interact with smart labels by using mobile devices, such as a smartphone. The smart labels considered in this study include radio frequency identification (RFID) labels, electronic article surveillance (EAS), sensing labels, dynamic display, and quick response (QR) codes. These labels utilize the principles of near field communication (NFC) and have in-built sensors and chips for interaction with nearby devices.

Increased demand for smart labels resulted from advancements made in digital printing technology and Industrial Internet of Thing (IIoT) components such as sensors, antennae, and chipsets. IoT has penetrated various industries during the last decade, and devices have become smarter and able to interact with each other by means of NFC. This advancement is expected to accelerate growth for smart label applications. The end industries covered in this research are healthcare and pharmaceuticals, automotive, logistics (including warehouse and transportation), retail, and others (recycling, food & beverage, manufacturing, and aerospace). The major materials used to manufacture a label include coatings, adhesives, substrates, and thermal inks.

Frost & Sullivan estimates the global market for smart label materials at USD1,170.0 million in 2020, growing at a compound annual growth rate (CAGR) of 5.8% between 2020 and 2027 on account of increasing adoption from various industries. Demand for smart label materials is expected to be driven by adoption of smart labels in the pharmaceutical and healthcare industries. In the next few years, prices for smart labels will decrease, leading to increased use by micro, small, and medium-sized enterprises (MSMEs) and price-sensitive industries, such as food and beverages and plastic recycling.

Of note, governments across the globe are focused on reducing carbon emissions and promoting sustainability and recyclability of materials used in day-to-day activities, which is expected to drive the adoption of certain raw materials for smart label manufacturing. For instance, solvent-based products are gradually being replaced by solvent-free or water-based products to reduce volatile organic compound (VOC) emissions from labels.

Key Issues Addressed

  • What are the product chemistry and end-use application trends in the smart label materials market?
  • What are the major challenges that participants in the smart label materials market face?
  • What are the key factors that drive and restrict growth in this market?
  • What are the major smart label end-industry applications?
  • Who are the key market participants?
  • What are the regional trends in the market?

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Smart Label Materials Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Smart Label Materials Market Overview and Scope

Smart Label Materials Market Overview and Scope (continued)

Market Segmentation—Product Types

Market Segmentation—Material Type

Geographic Scope

Key Questions This Study Will Answer

Key Trends

Smart Label Materials Market—Regulations

Smart Label Materials Market—Regulations (continued)

Growth and Challenges Impact Assessment Summary

Growth Drivers

Growth Drivers Analysis

Growth Drivers Analysis (continued)

Growth Drivers Analysis (continued)

Growth Drivers Analysis (continued)

Growth Restraints

Growth Restraints Analysis

Growth Restraints Analysis (continued)

Growth Restraints Analysis (continued)

Forecast Assumption Factors, Smart Label Materials Market

Revenue and Unit Shipment Forecast, Smart Labels

Revenue and Unit Shipment Forecast Analysis, Smart Labels

Percent Unit Shipment Forecast by Industry Vertical, Smart Labels

Percent Unit Shipment Forecast Analysis by Industry Vertical, Smart Labels

Percent Unit Shipment Forecast Analysis by Industry Vertical, Smart Labels (continued)

End Industry Mapping for Smart Labels

COVID-19 Impact on Key End-use Industries

Key Growth Metrics for Smart Label Materials Market

Revenue and Volume Shipment Forecast, Smart Label Materials Market

Price Trends, Smart Label Materials Market

Volume Forecast by Material Type, Smart Label Materials Market

Revenue, Volume Shipment, and Price Forecast Analysis, Smart Label Materials Market

Volume Forecast by Region, Smart Label Materials Market

Volume Forecast Analysis by Region, Smart Label Materials Market

Value Chain for Smart Label Materials Market

Value Chain Analysis for Smart Label Materials Market

Key Competitors, Smart Label Materials Market

Competitive Environment, Smart Label Materials Market

Segment Overview

Key Growth Metrics for Substrate Market for Smart Labels

Revenue and Volume Shipment Forecast, Substrate Market for Smart Labels

Revenue and Volume Shipment Forecast Analysis, Smart Label Substrates Market

Volume Shipment Forecast by Substrate Type, Smart Label Substrates Market

Volume Shipment Forecast Analysis by Substrate Type, Substrate Market for Smart Labels

Volume Shipment Forecast Analysis by Substrate Type, Substrate Market for Smart Labels (continued)

Pricing Forecast, Substrate Market for Smart Labels

Pricing Forecast Analysis, Substrate Market for Smart Labels

Revenue Share, Substrate Market for Smart Labels

Competitive Environment, Substrate Market for Smart Labels

Segment Overview

Key Growth Metrics for Smart Label Adhesives Market

Revenue and Volume Shipment Forecast, Smart Label Adhesives Market

Revenue and Volume Shipment Forecast Analysis, Smart Label Adhesives Market

Volume Shipment Forecast by Adhesive Chemistries, Smart Label Adhesives Market

Volume Shipment Forecast Analysis by Adhesive Chemistries, Smart Label Adhesives Market

Volume Shipment Forecast Analysis by Adhesive Chemistries, Smart Label Adhesives Market (continued)

Pricing Forecast, Smart Label Adhesives Market

Pricing Forecast Analysis, Smart Label Adhesives Market

Revenue Share, Smart Label Adhesives Market

Competitive Environment, Smart Label Adhesives Market

Segment Overview

Key Growth Metrics for Smart Label Coatings Market

Revenue and Volume Shipment Forecast, Smart Label Coatings Market

Revenue and Volume Shipment Forecast Analysis, Smart Label Coatings Market

Volume Shipment Forecast by Coating Type, Smart Label Coatings Market

Volume Shipment Forecast Analysis by Coating Type, Smart Label Coatings Market

Volume Shipment Forecast Analysis by Coating Type, Smart Label Coatings Market (continued)

Pricing Forecast, Smart Label Coatings Market

Pricing Forecast Analysis, Smart Label Coatings Market

Revenue Share, Smart Label Coatings Market

Competitive Environment, Smart Label Coatings Market

Segment Overview

Key Growth Metrics for Smart Label Inks Market

Revenue and Volume Shipment Forecast, Smart Label Inks Market

Revenue and Volume Shipment Forecast Analysis, Smart Label Inks Market

Volume Shipment Forecast by Ink Technologies, Smart Label Inks Market

Volume Shipment Forecast Analysis by Ink Technologies, Smart Label Inks Market

Volume Shipment Forecast Analysis by Ink Technologies, Smart Label Inks Market (continued)

Pricing Forecast, Smart Label Inks Market

Pricing Forecast Analysis, Smart Label Inks Market

Revenue Share, Smart Label Inks Market

Competitive Environment, Smart Label Inks Market

The Americas Segment Characteristics and Overview

Key Growth Metrics for Smart Label Materials Market, Americas

Revenue and Volume Shipment Forecast, Smart Label Materials Market, Americas

Percent Volume Shipment Forecast by Material Type, Smart Label Materials Market, Americas

Revenue and Volume Shipment Forecast Analysis, Smart Label Materials Market, the Americas

Percent Volume Shipment Forecast by Sub-region, Smart Label Materials Market, Americas

Percent Volume Forecast Analysis by Sub-region, Smart Label Materials Market, the Americas

Percent Volume Forecast Analysis by Sub-region, Smart Label Materials Market, the Americas (continued)

Percent Volume Forecast Analysis by Sub-region, Smart Label Materials Market, the Americas (continued)

Competitive Environment, Smart Label Materials Market, Americas

Europe Segment Characteristics and Overview

Key Growth Metrics for Smart Label Materials Market, Europe

Revenue and Volume Shipment Forecast, Smart Label Materials Market, Europe

Percent Volume Shipment Forecast by Product Type, Smart Label Materials Market, Europe

Revenue and Volume Shipment Forecast Analysis, Smart Label Materials Market, Europe

Percent Volume Shipment Forecast by Sub-region, Smart Label Materials Market, Europe

Percent Volume Forecast Analysis by Sub-region, Smart Label Materials Market, Europe

Percent Volume Forecast Analysis by Sub-region, Smart Label Materials Market, Europe (continued)

Competitive Environment, Smart Label Materials Market, Europe

Asia-Pacific Segment Characteristics and Overview

Key Growth Metrics for Smart Label Materials Market, Asia-Pacific

Revenue and Volume Shipment Forecast, Smart Label Materials Market, Asia-Pacific

Percent Volume Shipment Forecast by Product Type, Smart Label Materials Market, Asia-Pacific

Revenue and Volume Shipment Forecast Analysis, Smart Label Materials Market, Asia-Pacific

Percent Volume Shipment Forecast by Sub-region, Smart Label Materials Market, Asia-Pacific

Percent Volume Forecast Analysis by Sub-region, Smart Label Materials Market, Asia-Pacific

Percent Volume Forecast Analysis by Sub-region, Smart Label Materials Market, Asia-Pacific (continued)

Percent Volume Forecast Analysis by Sub-region, Smart Label Materials Market, Asia-Pacific (continued)

Competitive Environment, Smart Label Materials Market, Asia-Pacific

MEASA Segment Characteristics and Overview

Key Growth Metrics for Smart Label Materials Market, MEASA

Revenue and Volume Shipment Forecast, Smart Label Materials Market, MEASA

Percent Volume Shipment Forecast by Product Type, Smart Label Materials Market, MEASA

Revenue and Volume Shipment Forecast Analysis, Smart Label Materials Market, MEASA

Percent Volume Shipment Forecast by Sub-region, Smart Label Materials Market, MEASA

Percent Volume Shipment Forecast Analysis by Sub-region, Smart Label Materials Market, MEASA (continued)

Percent Volume Shipment Forecast Analysis by Sub-region, Smart Label Materials Market, MEASA (continued)

Competitive Environment, Smart Label Materials Market, MEASA

Growth Opportunity 1—Increasing Adoption of Smart Labels from the Healthcare Industry, 2020

Growth Opportunity 1—Increasing Adoption of Smart Labels from the Healthcare Industry, 2020 (continued)

Growth Opportunity 2—Increasing Adoption of Smart Labels from the Food & Beverage Industry, 2020

Growth Opportunity 2—Increasing Adoption of Smart Labels from the F&B Industry, 2020 (continued)

Growth Opportunity 3—Optimizing Prices of Conductive Inks for Improved Market Penetration, 2020

Growth Opportunity 3—Optimizing Prices of Conductive Inks for Improved Market Penetration, 2020 (continued)

Growth Opportunity 4—Thin Films for Thinner Smart Labels, 2020

Growth Opportunity 4—Thin Films for Thinner Smart Labels, 2020 (continued)

List of Acronyms

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

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Related Research
Frost & Sullivans study of the global smart label materials market analyzes the growth drivers, challenges, and trends that affect participants in this space. The study period is 2017 to 2027 using a base year of 2020 and a forecast period of 2021 to 2027. The global market is segmented into the following regions: Americas, Europe, Middle East, Africa, and South Asia (MEASA), and Asia-Pacific. A smart label is a developed version of a label with extended functionalities, such as use of technology and sensors. Consumers are able to interact with smart labels by using mobile devices, such as a smartphone. The smart labels considered in this study include radio frequency identification (RFID) labels, electronic article surveillance (EAS), sensing labels, dynamic display, and quick response (QR) codes. These labels utilize the principles of near field communication (NFC) and have in-built sensors and chips for interaction with nearby devices. Increased demand for smart labels resulted from advancements made in digital printing technology and Industrial Internet of Thing (IIoT) components such as sensors, antennae, and chipsets. IoT has penetrated various industries during the last decade, and devices have become smarter and able to interact with each other by means of NFC. This advancement is expected to accelerate growth for smart label applications. The end industries covered in this research are healthcare and pharmaceuticals, automotive, logistics (including warehouse and transportation), retail, and others (recycling, food & beverage, manufacturing, and aerospace). The major materials used to manufacture a label include coatings, adhesives, substrates, and thermal inks. Frost & Sullivan estimates the global market for smart label materials at USD1,170.0 million in 2020, growing at a compound annual growth rate (CAGR) of 5.8% between 2020 and 2027 on account of increasing adoption from various industries. Demand for smart label materials is expected to be driven by adoption of smart labels in the pharmaceutical and healthcare industries. In the next few years, prices for smart labels will decrease, leading to increased use by micro, small, and medium-sized enterprises (MSMEs) and price-sensitive industries, such as food and beverages and plastic recycling. Of note, governments across the globe are focused on reducing carbon emissions and promoting sustainability and recyclability of materials used in day-to-day activities, which is expected to drive the adoption of certain raw materials for smart label manufacturing. For instance, solvent-based products are gradually being replaced by solvent-free or water-based products to reduce volatile organic compound (VOC) emissions from labels.--BEGIN PROMO--

Key Issues Addressed

  • What are the product chemistry and end-use application trends in the smart label materials market?
  • What are the major challenges that participants in the smart label materials market face?
  • What are the key factors that drive and restrict growth in this market?
  • What are the major smart label end-industry applications?
  • Who are the key market participants?
  • What are the regional trends in the market?
More Information
No Index No
Podcast No
Author Prathmesh Limaye
Industries Chemicals and Materials
WIP Number K57C-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9595