Smart Labelling In Logistic Market Research Report By Application (Asset Tracking, Inventory Management, Warehouse Management, Transportation and Logistics, Cold Chain Management), By Technology (Radio Frequency Identification (RFID), Near Field Communication (NFC), Bluetooth Low Energy (BLE), Quick Response (QR) Codes, Electronic Ink Displays (E-Ink)), By Label Type (Passive Labels, Active Labels, Semi-Passive Labels), By Industry (Retail and Consumer Goods, Healthcare and Pharmaceuticals, Manufacturing and Automotive, Food and Beverage, T

Global Smart Labelling In Logistic Market Overview

As per MRFR analysis, the Smart Labelling In Logistic Market Size was estimated at 7.47 (USD Billion) in 2022.

The Smart Labelling In Logistic Market Industry is expected to grow from 8.49(USD Billion) in 2023 to 26.7 (USD Billion) by 2032. The Smart Labelling In Logistic Market CAGR (growth rate) is expected to be around 13.58% during the forecast period (2024 - 2032).

Key Smart Labelling In Logistic Market Trends Highlighted

Market Trends in Smart Labelling in LogisticsKey market drivers for smart labelling in logistics include the growing need for supply chain visibility, improved efficiency, and enhanced customer experience. Smart labels enable real-time tracking of goods and provide detailed information about their origin, condition, and handling throughout the logistics process. This improves traceability, reduces potential delays, and ensures product integrity.Opportunities for growth in this market stem from the adoption of technologies such as RFID (Radio Frequency Identification) and IoT (Internet of Things). These technologies allow for the automated collection of data from smart labels, providing valuable insights into inventory levels, product movements, and potential risks. Additionally, the integration of smart labelling with other logistics systems, such as warehouse management systems and transportation management systems, further enhances efficiency and enables end-to-end visibility.Recent trends in the smart labelling market in logistics include the emergence of self-adhesive labels with built-in RFID chips, which simplify label application and reduce manual labor. The adoption of reusable smart labels is also gaining traction, promoting sustainability and cost savings in the long run. Advances in data analytics capabilities allow businesses to harness the data collected from smart labels to optimize inventory management, improve forecasting, and reduce waste.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Smart Labelling In Logistic Market Drivers

Increasing Demand for Transparency and Traceability in Supply Chains

In today’s world, consumers’ demand for transparency and traceability for products they buy is growing. There are several reasons for this: modern consumers are concerned with the safety of the products they buy, desire to purchase original items and to be aware of their contribution to environmental sustainability. Smart labelling provides this information for the products customers purchase: origin, ingredients, and production processes are all made accessible for interested consumers.In the Smart Labelling In Logistic Market Industry, there is a growing need in smart labelling as businesses are searching for new ways to share and trace information on the products they produce throughout the supply chain. When businesses meet the standards of their customers, the latter are more inclined to trust the company and make purchases.

Rising Adoption of Smart Packaging Technologies

Another main growth driver for the Smart Labelling In Logistic Market Industry is the growing adoption of smart packaging technologies. Smart packaging technologies enable a number of enhancements to be added to packaging. These can be functions such as the ability to track and monitor products, interact with the consumer, and information and manual for the product. Smart labelling can be combined with smart packaging technologies to create a more complete and effective solution for businesses.This will help businesses to increase their supply chain efficiency, reduce waste, and improve their customer engagement efforts.

Government Regulations and Standards

Government regulations and standards are driving Smart Labelling In Logistic Market Industry. Governments across the world are rolling out regulations that require businesses to provide consumers with more information about the products they purchase. This is driving the adoption of smart labelling solutions by businesses to enable them to adhere to these regulations. Moreover, governments are developing standards for smart labelling to guarantee that consumers are able to access accurate and consistent information in relation to products.This is ensuring that businesses operate in a level field and is making the process of purchasing for the buyers simpler.

Smart Labelling In Logistic Market Segment Insights

Smart Labelling In Logistic Market Application Insights  

The application segment of the Smart Labelling In Logistic Market is anticipated to exhibit substantial growth over the forecast period, driven by the increasing adoption of smart labelling solutions across various logistics applications. Among the key applications, Asset Tracking is expected to hold a significant market share. The integration of smart labels with assets enables real-time tracking and monitoring, enhancing inventory visibility and optimizing asset utilization. This segment is projected to reach a valuation of USD 4.56 billion by 2032, growing at a CAGR of 14.2%.Inventory Management is another crucial application segment, leveraging smart labelling to improve inventory accuracy and efficiency. Smart labels provide real-time data on inventory levels, reducing manual errors and streamlining inventory management processes. This segment is estimated to account for a market size of USD 3.21 billion by 2032, expanding at a CAGR of 13.8%. Warehouse Management is also benefiting from smart labelling adoption. Smart labels facilitate automated identification and tracking of goods within the warehouse, enhancing operational efficiency and reducing labor costs.The warehouse management segment is projected to reach a value of USD 2.89 billion by 2032, growing at a CAGR of 13.6%. Transportation and Logistics is another key application segment, where smart labelling plays a vital role in optimizing supply chain visibility and efficiency. Smart labels provide real-time tracking of goods in transit, enabling better coordination and reducing delivery delays. This segment is expected to reach a valuation of USD 2.14 billion by 2032, expanding at a CAGR of 13.3%. Cold Chain Management is a specialized application segment where smart labelling ensures the integrity and quality of perishable goods throughout the supply chain.Smart labels monitor temperature and humidity levels, alerting stakeholders to any deviations, thereby reducing spoilage and ensuring product safety. This segment is projected to reach a market size of USD 1.98 billion by 2032, growing at a CAGR of 13.1%. The adoption of smart labelling solutions in these application segments is driven by the need for improved efficiency, cost reduction, and enhanced visibility in logistics operations. Smart labels provide real-time data, automate processes, and improve decision-making, leading to substantial benefits for logistics providers and their customers.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Smart Labelling In Logistic Market Technology Insights  

Radio Frequency Identification (RFID), Near Field Communication (NFC), Bluetooth Low Energy (BLE), Quick Response (QR) Codes, and Electronic Ink Displays (E-Ink) are the key technologies driving the growth of the Smart Labelling In Logistic Market. RFID technology, with its ability to track and identify items wirelessly, held the largest market share in 2023 and is projected to maintain its dominance throughout the forecast period. NFC, with its short-range wireless communication capabilities and growing adoption in mobile devices, is expected to witness significant growth in the coming years.BLE, QR Codes, and E-Ink also offer unique advantages, contributing to the overall market expansion.

Smart Labelling In Logistic Market Label Type Insights  

Label Type segment plays a quintessential role in shaping the dynamics of the Smart Labelling In Logistic Market. As of 2023, the Passive Labels sub-segment reigns supreme, accounting for a significant share of the market. Its dominance stems from affordability and ease of implementation, making it a preferred choice for businesses seeking cost-effective solutions. Active Labels, known for their real-time tracking capabilities, are projected to exhibit a robust growth rate, capturing a burgeoning share of the market by 2024. Semi-Passive Labels, offering a balance between cost and functionality, are also anticipated to gain traction, garnering a notable segment of the market in the years to come.The Smart Labelling In Logistic Market segmentation offers valuable insights into the industry's landscape, empowering businesses with data-driven decision-making for strategic growth and innovation.

Smart Labelling In Logistic Market Industry Insights  

The Smart Labelling In Logistic Market is segmented by Industry into Retail and Consumer Goods, Healthcare and Pharmaceuticals, Manufacturing and Automotive, Food and Beverage, and Transportation and Logistics. Among these segments, Retail and Consumer Goods is expected to hold the largest market share in 2023, owing to the increasing demand for smart labelling solutions to enhance product transparency and improve supply chain efficiency. The Healthcare and Pharmaceuticals segment is also expected to witness significant growth due to the rising need for accurate and real-time tracking of pharmaceutical products to ensure patient safety and compliance.The Food and Beverage segment is anticipated to grow steadily, driven by the growing emphasis on food safety and traceability. The Manufacturing and Automotive segment is expected to witness moderate growth, as smart labelling solutions can help optimize production processes and improve inventory management. The Transportation and Logistics segment is expected to grow at a steady pace, driven by the increasing adoption of smart labelling solutions for real-time tracking and visibility of goods in transit.

Smart Labelling In Logistic Market Deployment Mode Insights  

The Smart Labelling In Logistic Market is segmented by deployment mode into on-premise and cloud-based. The cloud-based segment is expected to hold a larger market share in 2023, owing to its benefits such as scalability, cost-effectiveness, and ease of deployment. The cloud-based deployment mode eliminates the need for organizations to invest in expensive hardware and IT infrastructure, making it an attractive option for small and medium-sized businesses. Additionally, cloud-based solutions offer greater flexibility and allow organizations to access their data and applications from anywhere with an internet connection.The on-premise segment, on the other hand, provides greater control and customization options, making it suitable for organizations with specific security and compliance requirements.

Smart Labelling In Logistic Market Regional Insights  

The Smart Labelling In Logistic Market is segmented on the basis of region, with key regions including North America, Europe, APAC, South America, and MEA. The North American region is expected to hold a significant market share due to the presence of major logistics hubs and advanced technologies. The European region is also expected to witness significant growth due to increasing demand for smart labelling solutions in the supply chain. The APAC region is anticipated to grow at a rapid pace due to growing e-commerce and manufacturing sectors.The South American and MEA regions are expected to show steady growth due to increasing adoption of smart labelling solutions in various industries.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Smart Labelling In Logistic Market Key Players And Competitive Insights

Major players in Smart Labelling In Logistic Market industry are focusing on developing innovative and advanced solutions to cater to the evolving needs of the customers. Leading Smart Labelling In Logistic Market players are investing heavily in research and development activities to enhance the functionality and efficiency of their products. The Smart Labelling In Logistic Market is characterized by intense competition among established players and emerging startups. Key players are adopting strategies such as mergers, acquisitions, and partnerships to expand their market reach and strengthen their position in the industry. The Smart Labelling In Logistic Market development is also influenced by the increasing adoption of smart technologies and the growing demand for supply chain visibility and efficiency.Zebra Technologies is a leading provider of smart labelling solutions for the logistics industry. The company offers a wide range of products, including RFID tags, printers, and software that help businesses track and manage their inventory and assets. Zebra Technologies has a strong global presence and a large customer base in the logistics industry. The company is known for its innovative products and its commitment to customer satisfaction. Zebra Technologies is well-positioned to continue to grow its market share in the smart labelling market.Honeywell is another major player in the smart labelling market. The company offers a comprehensive range of RFID solutions, including tags, readers, and software. Honeywell has a strong focus on the logistics industry and offers solutions that are specifically designed to meet the needs of this sector. The company has a global presence and a large customer base in the logistics industry. Honeywell is known for its high-quality products and its commitment to customer service. Honeywell is well positioned to continue to grow its market share in the smart labelling market.

Key Companies in the Smart Labelling In Logistic Market Include

• Loftware


• SATO


• Esko


• MarkemImaje


• Domino Printing Sciences


• Videojet


• Cognex


• Zebra Technologies


• Printronix


• Avery Dennison


• Brady Corporation


• CCL Industries


• NiceLabel


• SICK AG

Smart Labelling In Logistic Market Industry Developments

The global smart labelling in logistics market size was valued at USD 8.49 billion in 2023 and is projected to grow at a CAGR of 13.58% from 2024 to 2032, reaching USD 26.7 billion by 2032. The growth of the market is attributed to the increasing demand for transparency and traceability in the supply chain, as well as the rising adoption of smart labelling solutions by logistics providers. Some recent news developments in the market include the launch of a new smart labelling solution by Zebra Technologies, which offers real-time visibility into the location and condition of goods throughout the supply chain. Additionally, Amazon has announced plans to implement smart labelling across its logistics network, aiming to improve efficiency and reduce costs.

Smart Labelling In Logistic Market Segmentation Insights

• Smart Labelling In Logistic Market Application Outlook
  
  
  
  • Asset Tracking
  
  
  • Inventory Management
  
  
  • Warehouse Management
  
  
  • Transportation and Logistics
  
  
  • Cold Chain Management
  
  
  
  

• Smart Labelling In Logistic Market Technology Outlook
  
  
  
  • Radio Frequency Identification (RFID)
  
  
  • Near Field Communication (NFC)
  
  
  • Bluetooth Low Energy (BLE)
  
  
  • Quick Response (QR) Codes
  
  
  • Electronic Ink Displays (E-Ink)
  
  
  
  

• Smart Labelling In Logistic Market Label Type Outlook
  
  
  
  • Passive Labels
  
  
  • Active Labels
  
  
  • Semi-Passive Labels
  
  
  
  

• Smart Labelling In Logistic Market Industry Outlook
  
  
  
  • Retail and Consumer Goods
  
  
  • Healthcare and Pharmaceuticals
  
  
  • Manufacturing and Automotive
  
  
  • Food and Beverage
  
  
  • Transportation and Logistics
  
  
  
  

• Smart Labelling In Logistic Market Deployment Mode Outlook
  
  
  
  • On-Premise
  
  
  • Cloud-Based
  
  
  
  

• 
  

  Smart Labelling In Logistic Market Regional Outlook

  
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa