Global Smart Labels market will reach 16600 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/30

Increasing demand for smart labels market is mainly driven by the rising demand for anti-theft devices due to security concerns and its ability to provide a real-time view of the product. Main factors such as detailed information and simultaneous identification, real-time location tracking, and re-programmability are likely to influence the growth  for the worldwide market for smart labels in various end use industries. Growing adoption of smart labels in the packaging industry, and the use of smart devices and digital technology is likely to boost the growth of the global smart labels market across the globe. Rising disposable income along with growing urbanization in the emerging economies is  creating a robust growth of the market.  However, the lack of uniformity in  standards and mechanical susceptibility are the main challenges  the market has to face during the projected period.

The global Smart Labels market is valued at 5050 million US$ in 2018 is expected to reach 16600 million US$ by the end of 2025, growing at a CAGR of 16.0% during 2019-2025.

Click to view the full report:
https://www.qyresearch.com/index/detail/958536/global-smart-labels-market
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-86655165
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.