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SMART LABELS

Global Market Trajectory & Analytics

MCP-1394

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  •  DATE

    JULY 2020

  •  TABLES

    108

  •  PAGES

    199

  •  EDITION

    16

  •  PRICE

    USD $5600


COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Smart Labels estimated at US$7.1 Billion in the year 2020, is projected to reach a revised size of US$21.6 Billion by 2027, growing at a CAGR of 17.3% over the analysis period 2020-2027.Paper & Paperboard, one of the segments analyzed in the report, is projected to grow at a 18.4% CAGR to reach US$10.7 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Foam Plastics segment is readjusted to a revised 15.3% CAGR for the next 7-year period. This segment currently accounts for a 30.9% share of the global Smart Labels market.
The Smart Labels market in the U.S. is estimated at US$2.1 Billion in the year 2020. The country currently accounts for a 29.62% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.7 Billion in the year 2027 trailing a CAGR of 16.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.5% and 14.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR while Rest of European market (as defined in the study) will reach US$3.7 Billion by the year 2027.
In the global Plastics & Other Technologies segment, USA, Canada, Japan, China and Europe will drive the 17.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.6 Billion by the year 2027.We bring years of research experience to this 16th edition of our report. The 199-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Alien Technology; Avery Dennison Corporation; CCL Industries, Inc.; Checkpointt System Inc.; Graphic Label, Inc.; Invacare Corporation; SATO Holdings Corporation; SMARTRAC NV; Thinfilm; Zebra Technologies Corporation
» Technology (Paper & Paperboard, Foam Plastics, and Plastics & Other Technologies) » End-Use (Flexible, Rigid, and Foam) » Application (Food & Beverages, Consumer Usable, Electronics, Personal Care, Medicines, and Other Applications)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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