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Smart Food and Beverage Label Market Trends and Forecast

The future of the global smart food and beverage label market looks promising with opportunities in the food and beverage applications. The global smart food and beverage label market is expected to reach an estimated $25.8 billion by 2028 with a CAGR of 18.2% from 2023 to 2028. The major drivers for this market are increasing awareness among consumers towards hygienic packaged food and beverages, growing adoption of NFC technology, and widespread adoption of these smart labels by industry players as a tool for product launches, alliances, and collaborations.
Smart Food and Beverage Label Market by Product Type, and Application
 
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. 
Smart Food and Beverage Label Market by Segments

Smart Food and Beverage Label Market by Segment

The study includes trends and forecast for the global smart food and beverage label market by product type, application, and region, as follows:

Smart Food and Beverage Label Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:

  • RFID
  • NFC
  • Temperature Sensing Labels
  • Others

Smart Food and Beverage Label Market by Application [Shipment Analysis by Value from 2017 to 2028]:

  • Food
  • Beverages

Smart Food and Beverage Label Market by Region [Shipment Analysis by Value from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Smart Food and Beverage Label Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, smart food and beverage label companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart food and beverage label companies profiled in this report include- 
  • Alien Technology
  • Thin Film Electronics ASA
  • Honeywell International
  • Avery Dennison
  • Sato Holding

Smart Food and Beverage Label Market Insights

  • Lucintel forecasts that RFID will remain the largest product type segment over the forecast period due to the expanding use of RFID to detect objects at a distance without a line of sight.
  • Food is expected to remain the larger application segment due to the widespread application of these labels on "on-the-go" food products to compete internationally.
  • North America will remain the largest region due to the massive use of tracking engines for the customer purchase decisions and increasing number of smartphones with cameras that can scan QR codes are gaining popularity in the region.

Features of the Smart Food and Beverage Label Market

  • Market Size Estimates: Smart food and beverage label market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Smart food and beverage label market size by various segments, such as by product type, application, and region
  • Regional Analysis: Smart food and beverage label market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different product types, applications, and regions for the smart food and beverage label market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the smart food and beverage label market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the smart food and beverage label market size?
Answer: The global smart food and beverage label market is expected to reach an estimated $25.8 billion by 2028.
Q2. What is the growth forecast for smart food and beverage label market?
Answer: The global smart food and beverage label market is expected to grow with a CAGR of 18.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the smart food and beverage label market?
Answer: The major drivers for this market are increasing awareness among consumers towards hygienic packaged food and beverages, growing adoption of NFC technology, and widespread adoption of these smart labels by industry players as a tool for product launches, alliances, and collaborations.
Q4. What are the major segments for smart food and beverage label market?
Answer: The future of the smart food and beverage label market looks promising with opportunities in the food and beverage applications.
Q5. Who are the key smart food and beverage label companies?
Answer: Some of the key smart food and beverage label companies are as follows:
  • Alien Technology
  • Thin Film Electronics ASA
  • Honeywell International
  • Avery Dennison
  • Sato Holding
Q6. Which smart food and beverage label segment will be the largest in future?
Answer: Lucintel forecasts that RFID will remain the largest product type segment over the forecast period due to the expanding use of RFID to detect objects at a distance without a line of sight.
Q7. In smart food and beverage label market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the massive use of tracking engines for the customer purchase decisions and increasing number of smartphones with cameras that can scan QR codes are gaining popularity in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the global smart food and beverage label market by product type (RFID, NFC, temperature sensing labels, and others), application (food and beverages), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last fiveyears and what has its impact been on the industry?
 
For any questions related to smart food and beverage label market or related to smart food and beverage label companies, smart food and beverage label market size, smart food and beverage label market share, smart food and beverage label market growth, smart food and beverage label market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Smart Food and Beverage Label Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Smart Food and Beverage Label Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Smart Food and Beverage Label Market by Product Type
3.3.1: RFID
3.3.2: NFC
3.3.3: Temperature Sensing Labels
3.3.4: Others 
3.4: Global Smart Food and Beverage Label Market by Application
3.4.1: Food
3.4.2: Beverages  
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Smart Food and Beverage Label Market by Region
4.2: North American Smart Food and Beverage Label Market
4.2.1: North American Smart Food and Beverage Label Market by Product Type: RFID, NFC, Temperature Sensing Labels, and Others
4.2.2: North American Smart Food and Beverage Label Market by Application: Food and Beverages
4.3: European Smart Food and Beverage Label Market
4.3.1: European Smart Food and Beverage Label Market by Product Type: RFID, NFC, Temperature Sensing Labels, and Others
4.3.2: European Smart Food and Beverage Label Market by Application: Food and Beverages
4.4: APAC Smart Food and Beverage Label Market 
4.4.1: APAC Smart Food and Beverage Label Market by Product Type: RFID, NFC, Temperature Sensing Labels, and Others
4.4.2: APAC Smart Food and Beverage Label Market by Application: Food and Beverages
4.5: ROW Smart Food and Beverage Label Market 
4.5.1: ROW Smart Food and Beverage Label Market by Product Type: RFID, NFC, Temperature Sensing Labels, and Others
4.5.2: ROW Smart Food and Beverage Label Market by Application: Food and Beverages
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart Food and Beverage Label Market by Product Type
6.1.2: Growth Opportunities for the Global Smart Food and Beverage Label Market by Application
6.1.3: Growth Opportunities for the Global Smart Food and Beverage Label Market by Region 
6.2: Emerging Trends in the Global Smart Food and Beverage Label Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Smart Food and Beverage Label Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Smart Food and Beverage Label Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Alien Technology
7.2: Thin Film Electronics ASA
7.3: Honeywell International
7.4: Avery Dennison
7.5: Sato Holding
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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