Smart Label Market Size, Share, Growth Analysis, By Technology(Electronic Article Surveillance (EAS), RFID, Near Field Communication (NFC), QR Code), By End User(Retail, Food, Beverages, Healthcare & Pharmaceuticals), By Component(Batteries, Transceivers, Microprocessors, Others), By Region - Industry Forecast 2024-2031

Global Smart Label Market size was valued at USD 11.69 billion in 2019 and is poised to grow from USD 15.57 billion in 2023 to USD 35 billion by 2031, growing at a CAGR of 16.2% in the forecast period (2024-2031).

A smart label is a label that uses technology to go beyond conventional print methods in terms of functionality and information. This can take many different forms, including near-field communication, QR codes, and RFID tags (NFC). These labels depend on a user's engagement with a consumer product, such as a smartphone, to enable a user's interaction. The creation of intelligent labels introduces additional demands for the manufacturing process, such as functional or performance testing to regulate the quality of RFID labels and the possibility to encode each label with data relevant to the client. These qualities might add value to conversion equipment or open up new service options. A typical label printing business can use these labels as the starting point of the label value chain to boost profitability and turnovers.

For example, Advantech, a pioneer in embedded system solutions, is pleased to introduce the EPC-P3000 series, their newest range of embedded PCs designed for machine vision applications. The EPC-P3000 is powered by the Intel 9th Gen Desktop CPU platform and has many expansion slots to allow high computational performance and the deployment of high-precision machine vision at the edge. In unmanned warehouses, edge computers can identify, classify, and label hundreds of distinct goods. In fully automated factories, edge computers can analyze the manufacturing process holistically and command robotic arms.

US Smart Label Market is poised to grow at a sustainable CAGR for the next forecast year.