Global Smart Labels Market witness a compound annual growth rate of 12.06%

Global Smart Labels Market is projected to witness a compound annual growth rate of 12.06% over the period 2015 to 2021. This double-digit growth is on account of increasing application of smart labels across different industry verticals. Benefits like reliability and simple functionality are further driving the demand for these labels.

Other advantages of smart labels are theft protection and prevention against counterfeiting, which will further boost the demand for these labels over the forecast period. Retail industry accounts for the bulk of smart labels demand and with increasing investment in this sector in developing economies, the sector will continue to maintain its dominance in smart labels market over next half a decade.