According to a report titled ‘Smart labels Market published by 2026’ by Mindaspire Market Research (MAMR), the global smart labels segment is expected to create incremental opportunity of more than $10,000 million from 2016 to 2026. In terms of volume, the RFID segment is expected to register a CAGR of 17.1% over the projected period, owing to many factors.

The market is segmented based on technology type, end use, printing technology type and region. Based on technology type, the market is sub-segmented into RFID, NFC tags, electronic article surveillance, sensing labels and electronic shelf labels. Among all the technology type segment, RFID segment is expected to account for the highest market share, followed by electronic article surveillance segment over the forecast period. The electronic article surveillance technology type segment is expected to register a significant CAGR of 16.5% during the forecast period in terms of value. The sensing labels segment is projected to register a decent CAGR of 16.3% over the forecast period. The factors fuelling demand for smart labels solution is the increasing growth of Internet of Things in developed countries.

Moreover, due to the globalization many perishable food items, are exported to different countries which is also expected to further assist to create a huge buzz in the global smart labels market.
To provide in-depth insights on the pattern of demand for smart labels, the market is segmented on the basis of end use like healthcare, automotive, FMCG, logistics, retail and others (aerospace and library).