Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8924.70 Million | USD 15216.49 Million | 9.3% | 2021 |
FrequentlyAsked Questions
Increasing demand for textiles, rising sustainability trend, and increasing popularity of technical textiles are some major trends that guide Smart Labels market growth.
According to the Market Research report, the global Smart Labels market was worth about US$ 8924.70 Million in 2021 and is predicted to grow to around US$ 15216.49 Million by 2028, with a compound annual growth rate (CAGR) of around 9.3 percent.
The Asia Pacific leads the global market landscape in terms of revenue and volume share at present. Emerging countries such as India and China are predicted to be the Asia Pacific region's fastest-expanding Smart Labels markets owing to increasing industrial activity and rising government support.
Some of the main competitors dominating the global Smart Labels market include -- Avery Dennison Corporation (U.S.), CCL Industries, Inc. (Canada), Checkpoint Systems, Inc. (U.S.), Smartrac N.V. (The Netherlands), Zebra Technologies Corporation (U.S.), Alien Technology Inc. (U.S.), Sato Holding Corporation (Japan), and Intermec Inc. (U.S.)
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