The Asia Pacific Smart Labels Market would witness market growth of 15.9% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Smart Labels Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,958.1 million by 2031. The Japan market is registering a CAGR of 15.2% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 16.6% during (2024 - 2031).
Smart labels can enhance recycling efforts by providing information on properly disposing of recycling products. They can also track products' lifecycles, aiding in waste reduction and sustainability initiatives. In the events industry, these labels can be attached to tickets for easy tracking and entry management. They allow for seamless access control and can provide real-time data on attendance and crowd management.
The trend towards personalized marketing and product offerings is driving the adoption of these labels. Brands can use these labels to deliver tailored content and experiences to consumers based on their preferences and behaviours. The involvement of technology providers and partnerships between companies and label manufacturers are fostering the adoption of these labels. Collaborative efforts to develop innovative solutions and provide training are making it easier for businesses to implement smart labelling technologies.
The growth of smart manufacturing in China drives demand for automation solutions, including these labels. These labels enhance automated processes by providing real-time inventory and equipment status data, improving production efficiency. China has built over 10,000 digital workshops and smart factories, becoming the world’s largest intelligent manufacturing application market. In 2022 alone, the total value of supporting industries such as intelligent manufacturing equipment, industrial software, and system solutions in China exceeded 4 trillion yuan (about 559 billion U.S. dollars), and the 5G technologies were applied in nearly 2,000 factories nationwide. Smart factories in China require advanced tracking solutions for materials and products throughout manufacturing. Smart labels facilitate this by offering real-time visibility, helping manufacturers manage their operations more effectively. Likewise, the growth of the healthcare sector in India has heightened the need for efficient inventory management systems. Smart labels can help hospitals and pharmacies track medical supplies and pharmaceuticals accurately, reducing waste and ensuring timely availability. As per the National Investment Promotion and Facilitation Agency of India, the hospital industry in India, which accounts for 80% of the entire healthcare industry, is experiencing high investment demand from international and domestic investors. The healthcare industry was expected to rise to $132 billion by 2023. In conclusion, the expansion of smart manufacturing and the rising healthcare sector in the region are driving the market's growth.
Free Valuable Insights: The Global Smart Labels Market is Predict to reach USD 43.5 Billion by 2031, at a CAGR of 15.5%
Based on Component, the market is segmented into Batteries, Transceivers, Memories, Microprocessors, and Other Component. Based on Application, the market is segmented into Retail Inventory, Perishable Goods, Electronic & IT Assets, Equipment, Pallets Tracking, and Other Application. Based on Technology, the market is segmented into RFID Labels, EAS Labels, Electronic Shelf/Dynamic Display Labels, Near Field Communication (NFC) Tags, and Sensing labels. Based on End Use, the market is segmented into Retail, Fast Moving Consumer Goods (FMCG), Logistic, Healthcare & pharmaceutical, Automotive, Manufacturing, and Other End Use. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Avery Dennison Corporation
- Zebra Technologies Corporation
- Invengo Technology Pte. Ltd.
- Advantech Co., Ltd.
- Alien Technology, LLC
- CCL Industries, Inc.
- STMicroelectronics N.V.
- Fujitsu Limited
- NXP Semiconductors N.V.
- Impinj, Inc.
Asia Pacific Smart Labels Market Report Segmentation
By Component
- Batteries
- Transceivers
- Memories
- Microprocessors
- Other Component
By Application
- Retail Inventory
- Perishable Goods
- Electronic & IT Assets
- Equipment
- Pallets Tracking
- Other Application
By Technology
- RFID Labels
- EAS Labels
- Electronic Shelf/Dynamic Display Labels
- Near Field Communication (NFC) Tags
- Sensing labels
By End Use
- Retail
- Fast Moving Consumer Goods (FMCG)
- Logistic
- Healthcare & pharmaceutical
- Automotive
- Manufacturing
- Other End Use
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
TABLE 1 Asia Pacific Smart Labels Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Smart Labels Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Labels Market
TABLE 4 Product Launches And Product Expansions– Smart Labels Market
TABLE 5 Acquisition and Mergers– Smart Labels Market
TABLE 6 Asia Pacific Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 7 Asia Pacific Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 8 Asia Pacific Batteries Market by Country, 2020 - 2023, USD Million
TABLE 9 Asia Pacific Batteries Market by Country, 2024 - 2031, USD Million
TABLE 10 Asia Pacific Transceivers Market by Country, 2020 - 2023, USD Million
TABLE 11 Asia Pacific Transceivers Market by Country, 2024 - 2031, USD Million
TABLE 12 Asia Pacific Memories Market by Country, 2020 - 2023, USD Million
TABLE 13 Asia Pacific Memories Market by Country, 2024 - 2031, USD Million
TABLE 14 Asia Pacific Microprocessors Market by Country, 2020 - 2023, USD Million
TABLE 15 Asia Pacific Microprocessors Market by Country, 2024 - 2031, USD Million
TABLE 16 Asia Pacific Other Component Market by Country, 2020 - 2023, USD Million
TABLE 17 Asia Pacific Other Component Market by Country, 2024 - 2031, USD Million
TABLE 18 Asia Pacific Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 19 Asia Pacific Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 20 Asia Pacific Retail Inventory Market by Country, 2020 - 2023, USD Million
TABLE 21 Asia Pacific Retail Inventory Market by Country, 2024 - 2031, USD Million
TABLE 22 Asia Pacific Perishable Goods Market by Country, 2020 - 2023, USD Million
TABLE 23 Asia Pacific Perishable Goods Market by Country, 2024 - 2031, USD Million
TABLE 24 Asia Pacific Electronic & IT Assets Market by Country, 2020 - 2023, USD Million
TABLE 25 Asia Pacific Electronic & IT Assets Market by Country, 2024 - 2031, USD Million
TABLE 26 Asia Pacific Equipment Market by Country, 2020 - 2023, USD Million
TABLE 27 Asia Pacific Equipment Market by Country, 2024 - 2031, USD Million
TABLE 28 Asia Pacific Pallets Tracking Market by Country, 2020 - 2023, USD Million
TABLE 29 Asia Pacific Pallets Tracking Market by Country, 2024 - 2031, USD Million
TABLE 30 Asia Pacific Other Application Market by Country, 2020 - 2023, USD Million
TABLE 31 Asia Pacific Other Application Market by Country, 2024 - 2031, USD Million
TABLE 32 Asia Pacific Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 33 Asia Pacific Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 34 Asia Pacific RFID Labels Market by Country, 2020 - 2023, USD Million
TABLE 35 Asia Pacific RFID Labels Market by Country, 2024 - 2031, USD Million
TABLE 36 Asia Pacific EAS Labels Market by Country, 2020 - 2023, USD Million
TABLE 37 Asia Pacific EAS Labels Market by Country, 2024 - 2031, USD Million
TABLE 38 Asia Pacific Electronic Shelf/Dynamic Display Labels Market by Country, 2020 - 2023, USD Million
TABLE 39 Asia Pacific Electronic Shelf/Dynamic Display Labels Market by Country, 2024 - 2031, USD Million
TABLE 40 Asia Pacific Near Field Communication (NFC) Tags Market by Country, 2020 - 2023, USD Million
TABLE 41 Asia Pacific Near Field Communication (NFC) Tags Market by Country, 2024 - 2031, USD Million
TABLE 42 Asia Pacific Sensing labels Market by Country, 2020 - 2023, USD Million
TABLE 43 Asia Pacific Sensing labels Market by Country, 2024 - 2031, USD Million
TABLE 44 Asia Pacific Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 45 Asia Pacific Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 46 Asia Pacific Retail Market by Country, 2020 - 2023, USD Million
TABLE 47 Asia Pacific Retail Market by Country, 2024 - 2031, USD Million
TABLE 48 Asia Pacific Fast Moving Consumer Goods (FMCG) Market by Country, 2020 - 2023, USD Million
TABLE 49 Asia Pacific Fast Moving Consumer Goods (FMCG) Market by Country, 2024 - 2031, USD Million
TABLE 50 Asia Pacific Logistic Market by Country, 2020 - 2023, USD Million
TABLE 51 Asia Pacific Logistic Market by Country, 2024 - 2031, USD Million
TABLE 52 Asia Pacific Healthcare & pharmaceutical Market by Country, 2020 - 2023, USD Million
TABLE 53 Asia Pacific Healthcare & pharmaceutical Market by Country, 2024 - 2031, USD Million
TABLE 54 Asia Pacific Automotive Market by Country, 2020 - 2023, USD Million
TABLE 55 Asia Pacific Automotive Market by Country, 2024 - 2031, USD Million
TABLE 56 Asia Pacific Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 57 Asia Pacific Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 58 Asia Pacific Other End Use Market by Country, 2020 - 2023, USD Million
TABLE 59 Asia Pacific Other End Use Market by Country, 2024 - 2031, USD Million
TABLE 60 Asia Pacific Smart Labels Market by Country, 2020 - 2023, USD Million
TABLE 61 Asia Pacific Smart Labels Market by Country, 2024 - 2031, USD Million
TABLE 62 China Smart Labels Market, 2020 - 2023, USD Million
TABLE 63 China Smart Labels Market, 2024 - 2031, USD Million
TABLE 64 China Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 65 China Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 66 China Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 67 China Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 68 China Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 69 China Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 70 China Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 71 China Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 72 Japan Smart Labels Market, 2020 - 2023, USD Million
TABLE 73 Japan Smart Labels Market, 2024 - 2031, USD Million
TABLE 74 Japan Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 75 Japan Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 76 Japan Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 77 Japan Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 78 Japan Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 79 Japan Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 80 Japan Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 81 Japan Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 82 India Smart Labels Market, 2020 - 2023, USD Million
TABLE 83 India Smart Labels Market, 2024 - 2031, USD Million
TABLE 84 India Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 85 India Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 86 India Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 87 India Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 88 India Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 89 India Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 90 India Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 91 India Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 92 South Korea Smart Labels Market, 2020 - 2023, USD Million
TABLE 93 South Korea Smart Labels Market, 2024 - 2031, USD Million
TABLE 94 South Korea Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 95 South Korea Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 96 South Korea Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 97 South Korea Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 98 South Korea Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 99 South Korea Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 100 South Korea Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 101 South Korea Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 102 Singapore Smart Labels Market, 2020 - 2023, USD Million
TABLE 103 Singapore Smart Labels Market, 2024 - 2031, USD Million
TABLE 104 Singapore Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 105 Singapore Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 106 Singapore Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 107 Singapore Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 108 Singapore Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 109 Singapore Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 110 Singapore Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 111 Singapore Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 112 Malaysia Smart Labels Market, 2020 - 2023, USD Million
TABLE 113 Malaysia Smart Labels Market, 2024 - 2031, USD Million
TABLE 114 Malaysia Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 115 Malaysia Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 116 Malaysia Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 117 Malaysia Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 118 Malaysia Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 119 Malaysia Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 120 Malaysia Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 121 Malaysia Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 122 Rest of Asia Pacific Smart Labels Market, 2020 - 2023, USD Million
TABLE 123 Rest of Asia Pacific Smart Labels Market, 2024 - 2031, USD Million
TABLE 124 Rest of Asia Pacific Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 125 Rest of Asia Pacific Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 126 Rest of Asia Pacific Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 127 Rest of Asia Pacific Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 128 Rest of Asia Pacific Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 129 Rest of Asia Pacific Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 130 Rest of Asia Pacific Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 131 Rest of Asia Pacific Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 132 Key Information – Avery Dennison Corporation
TABLE 133 Key information – Zebra Technologies Corporation
TABLE 134 Key Information – Invengo Technology Pte. Ltd.
TABLE 135 Key Information – Advantech Co., Ltd.
TABLE 136 Key Information – Alien Technology, LLC
TABLE 137 Key Information – CCL Industries, Inc.
TABLE 138 Key Information – STMicroelectronics N.V.
TABLE 139 Key Information – Fujitsu Limited
TABLE 140 Key Information – NXP Semiconductors N.V.
TABLE 141 Key Information – Impinj, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Smart Labels Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Smart Labels Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Porter’s Five Forces Analysis – Smart Labels Market
FIG 8 Asia Pacific Smart Labels Market share by Component, 2023
FIG 9 Asia Pacific Smart Labels Market share by Component, 2031
FIG 10 Asia Pacific Smart Labels Market by Component, 2020 - 2031, USD Million
FIG 11 Asia Pacific Smart Labels Market share by Application, 2023
FIG 12 Asia Pacific Smart Labels Market share by Application, 2031
FIG 13 Asia Pacific Smart Labels Market by Application, 2020 - 2031, USD Million
FIG 14 Asia Pacific Smart Labels Market share by Technology, 2023
FIG 15 Asia Pacific Smart Labels Market share by Technology, 2031
FIG 16 Asia Pacific Smart Labels Market by Technology, 2020 - 2031, USD Million
FIG 17 Asia Pacific Smart Labels Market share by End Use, 2023
FIG 18 Asia Pacific Smart Labels Market share by End Use, 2031
FIG 19 Asia Pacific Smart Labels Market by End Use, 2020 - 2031, USD Million
FIG 20 Asia Pacific Smart Labels Market share by Country, 2023
FIG 21 Asia Pacific Smart Labels Market share by Country, 2031
FIG 22 Asia Pacific Smart Labels Market by Country, 2020 - 2031, USD Million
FIG 23 Recent strategies and developments: Avery Dennison Corporation
FIG 24 SWOT Analysis: AVERY DENNISON CORPORATION
FIG 25 SWOT Analysis: Zebra Technologies Corporation
FIG 26 SWOT Analysis: Advantech Co., Ltd.
FIG 27 SWOT Analysis: CCL Industries, Inc.
FIG 28 SWOT Analysis: STMicroelectronics N.V.
FIG 29 Swot analysis: Fujitsu Limited
FIG 30 SWOT Analysis: NXP Semiconductors N.V.
FIG 31 Recent strategies and developments: Impinj, Inc.
FIG 32 SWOT Analysis: Impinj, Inc.