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What Is the Smart Labelling In Logistics Market Outlook from 2025 to 2029?
Recently, there has been strong growth in the market size for smart labelling in logistics. This market is projected to expand from $6.74 billion in 2024 to $7.1 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.4%. The significant growth during the historical period can be credited to the heightened requirement for compliance with safety and traceability regulations, the increasing complexity of supply chains requiring modernized labeling solutions, the application of automated systems for precise and efficient labelling, growing consumer demands for clear product information, the enlargement of worldwide trade demanding standardized and trustworthy labeling systems, and initiatives to minimize operational expenses leading to advancements in labelling efficiency.
The smart labelling sector within the logistics industry is forecasted to witness robust expansion in the upcoming years, reaching a valuation of $8.86 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.7%. The projected growth within this timeframe is largely due to advancements in smart labelling made possible by the Internet of Things (IoT) providing real-time tracking, AI and machine learning, sustainability efforts, blockchain technology, and personalization trends. Key trends predicted for this period encompass the incorporation of IoT, AI and machine learning, customization in labelling, sophisticated analytics, and the use of augmented reality (AR).
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What Are the Main Factors Driving the Smart Labelling In Logistics Market Across Key Regions?
The smart labelling market in logistics is likely to escalate due to the proliferation of Internet of Things (IoT) integration. IoT integration, a procedure that aligns and connects IoT devices and systems for efficient data transfer and automation, is witnessing growth. The surge is attributed to technological advances, enhanced connectivity, reduced IoT device costs, and high demand for smart solutions across diverse industries. Smart labels in logistics improve IoT integration by offering real-time data and uninterrupted connectivity for goods tracking, monitoring and management across the supply chain.
For instance, Ericsson, a telecommunications company from Sweden, revealed in a September 2022 report that global IoT connections hit 13.2 billion in 2022. These connections are projected to grow by 18% to 34.7 billion by 2028. Therefore, the booming IoT integration will boost the smart labelling market in logistics.
What Are the Primary Segments Analyzed in the Smart Labelling In Logistics Market Report?
The smart labelling in logisticsmarket covered in this report is segmented –
1) By Product: Radio Frequency Identification (RFID) Labels, Near Field Communication (NFC) Labels, Electronic Shelf Labels (ESL), Other Products
2) By Component: Hardware, Software, Services
3) By Deployment Type: Cloud-Based, On-Premises
4) By Company Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
5) By Application: Inventory Management, Asset Tracking, Parcel Tracking And Delivery, Cold Chain Monitoring, Other Applications
Subsegments:
1) By Radio Frequency Identification (RFID) Labels: Passive RFID Labels, Active RFID Labels, Semi-Passive RFID Labels, High-Frequency RFID Labels (HF), Ultra-High Frequency RFID Labels (UHF)
2) By Near Field Communication (NFC) Labels: NFC Stickers, NFC Tags, NFC-Enabled Smart Labels, NFC Interactive Labels
3) By Electronic Shelf Labels (ESL): E-Paper ESL, LED-based ESL, Full-Color ESL, Bluetooth Low Energy (BLE)-Enabled ESL
4) By Other Products: Smart QR Code Labels, Smart Barcode Labels, Augmented Reality (AR) Labels, Wireless Temperature Monitoring Labels, Digital Price Tags
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What Are the Major Trends Expected to Shape the Smart Labelling In Logistics Market by 2029?
Top-tier companies in the smart labels in logistics sector are keen on creating improved solutions such as labeling based on a unified visibility platform. This system bolts together and offers thorough, immediate tracking and control of products all along the supply chain through one cohesive interface. For example, in May 2024, Roambee Corporation, a firm based in the US that provides supply chain visibility and intelligence, introduced a 5G GPS smart label featuring a 4 by 6-inch peel-and-ship design. This refined label adopts 5G technology, GPS, and sensors validated by the National Institute of Standards and Technology (NIST) to keep track of environmental conditions like temperature, humidity, shock, and light, thereby providing remarkable real-time visibility for shipments. This label operates in a manner similar to a barcode, enabling users to swiftly scan the label for shipping details without the necessity for intricate equipment like printers. The smart label is effortlessly harmonized with Roambee’s unified visibility platform, providing precise details on the expected time of arrival (ETA), quality of the shipment, and security throughout the entire supply chain.
Which Are the Top Companies Holding the Largest Smart Labelling In Logistics Market Share?
Major companies operating in the smart labelling in logistics market are Oracle Corporation, Honeywell International Inc., 3M Company, NXP Semiconductors N.V., Avery Dennison Corporation, Zebra Technologies Corporation, CCL Industries Inc., Toshiba Tec Corporation, Cognex Corporation, Sato Holdings Corporation, Checkpoint Systems Inc., Mimaki Engineering Co. Ltd., Impinj Inc., Identiv Inc., Barcodes Inc., Alien Technology LLC., Roambee Services Private Limited, William Frick & Company, Scanbuy Inc., Thin Film Electronics ASA, SMARTRAC TECHNOLOGY GmbH, KSW Microtec AG, Invengo Information Technology Co. Ltd, TSC Auto ID Technology Co. Ltd.
Where Is the Smart Labelling In Logistics Market Growing the Fastest Globally?
North America was the largest region in the smart labelling in logistics market in 2024. The regions covered in the smart labelling in logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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