Global market for smart labels 2016-2021

13 May 2016

According to a new report by MarketsandMarkets (M&M), the global market for smart labels is projected to grow from USD 4.45 Billion in 2016 to USD 10.03 Billion by 2021, at an estimated CAGR of 17.65%.
In 2015, the retail & inventory tracking segment accounted for the largest share of the application segment. The perishable goods segment is projected to grow at a highest CAGR during the forecast period. Changes in temperature, oxygen, carbon dioxide, and other environmental factors could degrade the quality of the perishable goods; therefore, smart labels, especially sensing labels, are preferred heavily in the food & beverages and healthcare industries (Press Release M&M, 25 April 2016).
Click here for the press release.
Click here for more information about the report.

If you have any questions about this subject, please contact us: info@nvc.nl, +31-(0)182-512411. This item is also included in our monthly overview, the NVC Members-only Update.