The Latin America, Middle East and Africa Smart Labels Market would witness market growth of 18.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Smart Labels Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $987.4 million by 2031. The Argentina market would register a CAGR of 19.2% during (2024 - 2031). Additionally, The UAE market is showcasing a CAGR of 17.2% during (2024 - 2031).
As the technology behind these labels becomes more affordable, companies are increasingly adopting them to reduce operational costs in the long run. Initial investments in smart labelling systems are offset by savings from improved inventory management and reduced losses. The rising consumer demand for transparency and information drives businesses to adopt these labels. Companies recognize that providing real-time data about products enhances customer trust and loyalty.
Integrating these labels with existing IT systems, such as ERP and inventory management software, facilitates adoption. Businesses are leveraging this compatibility to streamline operations and enhance data analytics. Compliance with regulations that mandate product traceability and safety standards, particularly in the food and pharmaceutical sectors, accelerates the adoption of these labels. Companies are investing in smart labelling solutions to meet these legal requirements.
The rise in retail sales necessitates streamlined supply chain operations. Smart labels can improve tracking and inventory management, ensuring products are readily available on store shelves, thus minimizing stockouts and overstock situations. According to IBGE, in 2024, sales in the Brazilian retail trade increased 2.5% between December and January. Retail sales increased by 4.1% in January, about the same period last year. Likewise, Expanding the logistics industry in the UAE necessitates improved supply chain management. Smart labels enable real-time tracking and visibility of shipments, facilitating faster and more efficient logistics operations. As per the UAE government, the Middle East logistics sector is expected to reach USD 66.3B by 2020. The sector saw the highest amount of funding raised in the MENA region in 2019. As the UAE logistics sector embraces automation, smart labels can be crucial. Thus, increasing retail sales of the above sectors and increasing the logistics industry in the region are driving the market's growth.
Free Valuable Insights: The Worldwide Smart Labels Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Smart Labels Market, 2020 - 2023, USD Million
TABLE 2 LAMEA 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 LAMEA Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 7 LAMEA Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 8 LAMEA Batteries Market by Country, 2020 - 2023, USD Million
TABLE 9 LAMEA Batteries Market by Country, 2024 - 2031, USD Million
TABLE 10 LAMEA Transceivers Market by Country, 2020 - 2023, USD Million
TABLE 11 LAMEA Transceivers Market by Country, 2024 - 2031, USD Million
TABLE 12 LAMEA Memories Market by Country, 2020 - 2023, USD Million
TABLE 13 LAMEA Memories Market by Country, 2024 - 2031, USD Million
TABLE 14 LAMEA Microprocessors Market by Country, 2020 - 2023, USD Million
TABLE 15 LAMEA Microprocessors Market by Country, 2024 - 2031, USD Million
TABLE 16 LAMEA Other Component Market by Country, 2020 - 2023, USD Million
TABLE 17 LAMEA Other Component Market by Country, 2024 - 2031, USD Million
TABLE 18 LAMEA Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 19 LAMEA Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 20 LAMEA Retail Inventory Market by Country, 2020 - 2023, USD Million
TABLE 21 LAMEA Retail Inventory Market by Country, 2024 - 2031, USD Million
TABLE 22 LAMEA Perishable Goods Market by Country, 2020 - 2023, USD Million
TABLE 23 LAMEA Perishable Goods Market by Country, 2024 - 2031, USD Million
TABLE 24 LAMEA Electronic & IT Assets Market by Country, 2020 - 2023, USD Million
TABLE 25 LAMEA Electronic & IT Assets Market by Country, 2024 - 2031, USD Million
TABLE 26 LAMEA Equipment Market by Country, 2020 - 2023, USD Million
TABLE 27 LAMEA Equipment Market by Country, 2024 - 2031, USD Million
TABLE 28 LAMEA Pallets Tracking Market by Country, 2020 - 2023, USD Million
TABLE 29 LAMEA Pallets Tracking Market by Country, 2024 - 2031, USD Million
TABLE 30 LAMEA Other Application Market by Country, 2020 - 2023, USD Million
TABLE 31 LAMEA Other Application Market by Country, 2024 - 2031, USD Million
TABLE 32 LAMEA Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 33 LAMEA Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 34 LAMEA RFID Labels Market by Country, 2020 - 2023, USD Million
TABLE 35 LAMEA RFID Labels Market by Country, 2024 - 2031, USD Million
TABLE 36 LAMEA EAS Labels Market by Country, 2020 - 2023, USD Million
TABLE 37 LAMEA EAS Labels Market by Country, 2024 - 2031, USD Million
TABLE 38 LAMEA Electronic Shelf/Dynamic Display Labels Market by Country, 2020 - 2023, USD Million
TABLE 39 LAMEA Electronic Shelf/Dynamic Display Labels Market by Country, 2024 - 2031, USD Million
TABLE 40 LAMEA Near Field Communication (NFC) Tags Market by Country, 2020 - 2023, USD Million
TABLE 41 LAMEA Near Field Communication (NFC) Tags Market by Country, 2024 - 2031, USD Million
TABLE 42 LAMEA Sensing labels Market by Country, 2020 - 2023, USD Million
TABLE 43 LAMEA Sensing labels Market by Country, 2024 - 2031, USD Million
TABLE 44 LAMEA Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 45 LAMEA Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 46 LAMEA Retail Market by Country, 2020 - 2023, USD Million
TABLE 47 LAMEA Retail Market by Country, 2024 - 2031, USD Million
TABLE 48 LAMEA Fast Moving Consumer Goods (FMCG) Market by Country, 2020 - 2023, USD Million
TABLE 49 LAMEA Fast Moving Consumer Goods (FMCG) Market by Country, 2024 - 2031, USD Million
TABLE 50 LAMEA Logistic Market by Country, 2020 - 2023, USD Million
TABLE 51 LAMEA Logistic Market by Country, 2024 - 2031, USD Million
TABLE 52 LAMEA Healthcare & pharmaceutical Market by Country, 2020 - 2023, USD Million
TABLE 53 LAMEA Healthcare & pharmaceutical Market by Country, 2024 - 2031, USD Million
TABLE 54 LAMEA Automotive Market by Country, 2020 - 2023, USD Million
TABLE 55 LAMEA Automotive Market by Country, 2024 - 2031, USD Million
TABLE 56 LAMEA Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 57 LAMEA Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 58 LAMEA Other End Use Market by Country, 2020 - 2023, USD Million
TABLE 59 LAMEA Other End Use Market by Country, 2024 - 2031, USD Million
TABLE 60 LAMEA Smart Labels Market by Country, 2020 - 2023, USD Million
TABLE 61 LAMEA Smart Labels Market by Country, 2024 - 2031, USD Million
TABLE 62 Brazil Smart Labels Market, 2020 - 2023, USD Million
TABLE 63 Brazil Smart Labels Market, 2024 - 2031, USD Million
TABLE 64 Brazil Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 65 Brazil Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 66 Brazil Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 67 Brazil Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 68 Brazil Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 69 Brazil Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 70 Brazil Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 71 Brazil Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 72 Argentina Smart Labels Market, 2020 - 2023, USD Million
TABLE 73 Argentina Smart Labels Market, 2024 - 2031, USD Million
TABLE 74 Argentina Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 75 Argentina Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 76 Argentina Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 77 Argentina Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 78 Argentina Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 79 Argentina Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 80 Argentina Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 81 Argentina Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 82 UAE Smart Labels Market, 2020 - 2023, USD Million
TABLE 83 UAE Smart Labels Market, 2024 - 2031, USD Million
TABLE 84 UAE Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 85 UAE Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 86 UAE Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 87 UAE Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 88 UAE Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 89 UAE Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 90 UAE Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 91 UAE Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 92 Saudi Arabia Smart Labels Market, 2020 - 2023, USD Million
TABLE 93 Saudi Arabia Smart Labels Market, 2024 - 2031, USD Million
TABLE 94 Saudi Arabia Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 95 Saudi Arabia Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 96 Saudi Arabia Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 97 Saudi Arabia Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 98 Saudi Arabia Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 99 Saudi Arabia Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 100 Saudi Arabia Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 101 Saudi Arabia Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 102 South Africa Smart Labels Market, 2020 - 2023, USD Million
TABLE 103 South Africa Smart Labels Market, 2024 - 2031, USD Million
TABLE 104 South Africa Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 105 South Africa Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 106 South Africa Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 107 South Africa Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 108 South Africa Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 109 South Africa Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 110 South Africa Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 111 South Africa Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 112 Nigeria Smart Labels Market, 2020 - 2023, USD Million
TABLE 113 Nigeria Smart Labels Market, 2024 - 2031, USD Million
TABLE 114 Nigeria Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 115 Nigeria Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 116 Nigeria Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 117 Nigeria Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 118 Nigeria Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 119 Nigeria Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 120 Nigeria Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 121 Nigeria Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 122 Rest of LAMEA Smart Labels Market, 2020 - 2023, USD Million
TABLE 123 Rest of LAMEA Smart Labels Market, 2024 - 2031, USD Million
TABLE 124 Rest of LAMEA Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 125 Rest of LAMEA Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 126 Rest of LAMEA Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 127 Rest of LAMEA Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 128 Rest of LAMEA Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 129 Rest of LAMEA Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 130 Rest of LAMEA Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 131 Rest of LAMEA 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 LAMEA 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 LAMEA Smart Labels Market share by Component, 2023
FIG 9 LAMEA Smart Labels Market share by Component, 2031
FIG 10 LAMEA Smart Labels Market by Component, 2020 - 2031, USD Million
FIG 11 LAMEA Smart Labels Market share by Application, 2023
FIG 12 LAMEA Smart Labels Market share by Application, 2031
FIG 13 LAMEA Smart Labels Market by Application, 2020 - 2031, USD Million
FIG 14 LAMEA Smart Labels Market share by Technology, 2023
FIG 15 LAMEA Smart Labels Market share by Technology, 2031
FIG 16 LAMEA Smart Labels Market by Technology, 2020 - 2031, USD Million
FIG 17 LAMEA Smart Labels Market share by End Use, 2023
FIG 18 LAMEA Smart Labels Market share by End Use, 2031
FIG 19 LAMEA Smart Labels Market by End Use, 2020 - 2031, USD Million
FIG 20 LAMEA Smart Labels Market share by Country, 2023
FIG 21 LAMEA Smart Labels Market share by Country, 2031
FIG 22 LAMEA 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.