London, 21 July 2015 – Technavio has published a new report on the global smart labels market, which is expected to grow at a CAGR of almost 17% from 2015-2019.
About the Report
As per the new Technavio report, rapid urbanization and an increase in disposable income of the global population have propelled the demand for smart labels from some of the major end-user industries such as healthcare, automotive, retail, FMCG, and logistics.
“The growth in the retail and logistics industries will boost the market during the forecast period. Smart labels make packaging more attractive and informative in terms of content and shipping details on packaged goods,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also indicates that the reduced cost of liquid crystal displays and controllers, and rising demand for green technology has led many supermarkets in developed countries to start using smart labels.
“Approximately 67 million automotive, healthcare, and logistics companies around the world, primarily in Europe, America, Australia, Turkey, Japan, and Korea, are currently using smart labels to track products,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global smart labels market from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of smart labels solutions in the global market.
Key Information Covered in the Report:
Key Vendors:
- Avery Dennison
- CCL Industries Inc.
- Invengo Information Technology Co., Ltd
- SMARTRAC NV
Market Growth Drivers:
- Growth of Major End-user Industries
- For a full detailed list, view our report.
Market Challenges:
- High Competition among Vendors
- For a full detailed list, view our report.
Market Trends:
- Rising Awareness about Smart Labels
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
