[179+ Pages Research Report] Global Smart Food and Beverage Label Market to surpass USD 54.8 million by 2030 from USD 11.02 million in 2020 at a CAGR of 18.05% in the coming years, i.e., 2021-30. The Smart label offers effective solutions for retailers and manufacturers' major challenges.

Product Overview

Smart food labels enable consumers both to scan a bar code and to perform an online search to obtain additional information about a packaged food product. In addition, many other food labels also use sensing technology through a color-changing label that allows consumers to know if the food is suitable for eating. The coloration of intelligent food labels changes every time the chemical on these labels detects any form of micro-organisms that grow within the food package. A smart label acts as an electronic functional device that is integrated as a slip in the body. They are equipped with chips, antennas, and bonding wires that help to monitor properties and products in real-time. A smart label is designed to incorporate advanced technology that provides advantages, including automatic reading, fast detection, re-programming, tolerance, and reduced error. In the supermarket, FMCG, and logistics sectors, this means it is favored over traditional bar code systems. These are mainly made of plastics, paper, and fibers.

Market Highlights

Global Smart Food and Beverage Label market is expected to project a notable CAGR of 18.05% in 2030.

Theft and shoplifting are commonly avoided. Companies are investing in improving their anti-theft scheme to avoid loss of revenue and harm in inventory from shopping and theft. In turn, the demand over the projected timeframe is anticipated to boost. Another main concern in many industries that contributes to poor results, degradation of branding, and endangered consumer protection is counterfeiting. Increased awareness of the harmful consequences of counterfeit products in the industry, particularly in the manufacturing and industrial industries, is expected to further stimulate demand.

Global Smart Food and Beverage Label Market: Segments

Retail inventory segment to grow with the highest CAGR during 2020-30

Global Smart Food and Beverage Label market is segmented by application into Retail Inventory, Perishable Goods, and Others. The retail inventory, representing more than one-fifth of the global industry, was the major application in the smart-label market in 2020. Retailer protection initiatives to deter robbery and shoplifting are expected to reduce significant demand during the forecast period. In the next few years, the perishable product segment will likely be the fastest-growing sector among the part. The intelligent mark of perishable products, such as food, drinks, and medicinal products, is commonly used for threshold detection and shelf life.

Healthcare segment to grow with the highest CAGR during 2020-30

Global Smart Food and Beverage Label is divided by end-user into retail, logistics, manufacturing, healthcare, and others. During the forecast era, the healthcare segment is expected to grow exponentially. Increasing use in spoil detection of hospital goods, test samples, medical equipment, drugs is predicted to bolster the demand in the healthcare & pharmaceutical industry.

Market Dynamics

Drivers

Reducing theft practices

The intelligent label offers effective solutions for retailers and manufacturers' major challenges. Theft and shoplifting is commonly avoided. Companies are investing in improving their anti-theft scheme to avoid loss of revenue and harm in inventory from shopping and theft. Another main concern in many industries that contributes to poor results, degradation of branding, and endangered consumer protection is counterfeiting. Increased awareness of the harmful consequences of counterfeit products in the industry, particularly in the manufacturing and industrial industries, is expected to further stimulate demand.

Increase transparency about product details

The labels serve as a creative, clear mark for digital technologies and intelligent devices enabling customers to access accurate information about their goods. The growth of the global smart label sector will enable customers to gain greater visibility of knowledge about the goods they buy. Due to the opportunity to provide the consumers with accurate details on emerging technology goods and intelligent devices, the global smart label market has seen an increasing number of adverts in the packaging industry.

Restraint

Lack of uniformity

Growing economies would likely be hampered by costs associated with the implementation of smart label tracking systems. Moreover, the absence of uniformity and low vulnerability in the standardization method is expected to hinder the market growth during the period forecast.

Global Smart Food and Beverage Label Market: Key Players

CCL Industries, Inc.

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Avery Dennison Corporation

Checkpoint Systems, Inc.

Smartrac N.V.

Zebra Technologies Corporation

Alien Technology Inc.

Sato Holding Corporation

Intermec Inc.

Other Prominent Players

Global Smart Food and Beverage Label Market: Regions

Global Smart Food and Beverage Label market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Global Smart Food and Beverage Label in Asia pacific held the largest market share of XX% in the year 2020. Asia Pacific represented over XX.X% of global demand in 2020 as the biggest global sector. The expansion of retail, logistics, and FMCG industries in the region has increased availability revenue combined with rapid urbanization in developing areas. That in turn has led to increased demand in the end-user industries for smart labels. Asia-Pacific is expected to rise at the fastest pace, projected to be over XX.X% percent in terms of volume in China, Japan, India, South Korea, Singapore, and Malaysia, from 2020 to 2030.

Global Smart Food and Beverage Label Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Smart Food and Beverage Label Market report also contains analysis on:

Smart Food and Beverage Label Market Segments:

By End-User

Retail

Logistics

Manufacturing

Healthcare

others

By Application

Retail Inventory

Perishable Goods

Others

Smart Food and Beverage Label Market Dynamics

Smart Food and Beverage Label Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Smart Food and Beverage Label Market Report Scope and Segmentation

Frequently Asked Questions

How big is the Smart Food and Beverage Label market

What is the Smart Food and Beverage Label market growth

Which segment accounted for the largest Smart Food and Beverage Label market share

Who are the key players in the Smart Food and Beverage Label market

What are the factors driving the Smart Food and Beverage Label market

Contents

1. Executive Summary

2. Global Smart Food and Beverage Label Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Smart Food and Beverage Label Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Smart Food and Beverage Label Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Smart Food and Beverage Label Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Application: Market Share (2020-2030F)

1. Retail Inventory, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Perishable Goods, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By End User: Market Share (2020-2030F)

1. Retail, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Manufacturing, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Healthcare, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Logistics, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. CCL Industries, Inc.

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Avery Dennison Corporation (U.S.)

3. CCL Industries, Inc. (Canada)

4. Checkpoint Systems, Inc. (U.S.)

5. Smartrac N.V. (The Netherlands)

6. Zebra Technologies Corporation (U.S.)

7. Alien Technology Inc. (U.S.)

8. Sato Holding Corporation (Japan)

9. Intermec Inc. (U.S.)

10. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources