RFID Tags Accounted for All-around Acute Labels Revenues account US$ 2.4 Billion in 2016
This columnist absolution was orginally broadcast by SBWire
Valley Cottage, NY — (SBWIRE) — 10/16/2018 —
According to the analysis allegation from Future Bazaar Insights’ report, blue-blooded “Smart Labels Market: All-around Industry Analysis and Opportunity Assessment, 2016–2026,” about 400,000 thousand units of acute labels awash globally by 2016 were accounted by Radio-Frequency Identification (RFID) technology, which amounted to an estimated US$ 2,493.9 million. Surging appeal for RFID tags in the all-around retail industry accept instrumented the addition in sales of acute labels, globally. Furthermore, the advantages of RFID acute labels in maintaining, tracking and afterlight banal & account databases is predicted to abide active their appeal about the apple in the advancing years.
According to Future Bazaar Insights,
The all-around bazaar for acute labels accumulated revenues account US$ 4.7 billion by 2016, and is acceptable to ability US$ 22.6 billion bazaar amount by the end of 2026. During the anticipation period, the all-around acute labels bazaar admeasurement is advancing to aggrandize robustly at a CAGR of 17%.
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Organized retail area will abide to apparatus aggressive advance in all-around acute labels sales, while warehousing businesses in the apple are accepted to actively accept acute labelling for their allowances in tracking products.
Growing sales of biologics and specialty drugs that crave thermal-sensitive packaging are announcement the use of acute labels that are able with temperature-control functions. Acute labels will be chip in biologic ecology systems beyond biologic manufacturers in the world, facilitating ability in transportation, anti-counterfeit measures, and accident control.
Key highlights of the analysis address display RFID as the ascendant labelling technology, however, Electronic Article Surveillance (EAS) and analysis labels are additionally accepted to accretion absorption while apart registering a acceleration at added than 16% CAGR over the anticipation period. By the end of 2026, all-around retail industry will be the better end-user of acute labels by accretion all-around acquirement allotment of added than 30%. On the added hand, healthcare, automotive and acumen will be advised as advantageous end-user industries for acute labels, collectively accounting for sales of added than 1,561,000 thousand units by 2026-end.
Flexographic and gravure columnist technologies are predicted to boss the all-around acute labels bazaar in agreement of revenues. Over the anticipation period, added than US$ 8 billion revenues are will be accounted by flexographic acute labels, while acute labels bogus through gravure columnist technology will aggregate an estimated US$ 6.4 billion bazaar value.
North America’s acute labels bazaar is advancing to annex over 40% of the all-around revenues, throughout the anticipation period. Avery Dennison Corporation, CCL Industries Inc., Checkpoints Systems, Inc., Zebra Technologies Corporation, and Intermec, Inc., are some of the arch players in the all-around acute labels bazaar that are based in the US and Canada. Acute characterization revenues in Asia-Pacific excluding Japan (APEJ) arena are projected to acceleration at the fastest CAGR – 18.2%, while Western Europe acute labels bazaar is acceptable to ability an estimated US$ 3.6 billion bazaar amount by the end of 2026. Added companies accommodating in the advance of all-around acute labels bazaar include, Sato Holdings Corporation, Smartrac N.V., Invengo Advice Technology Co Ltd., Thin Film Electronics ASA, and Muehlbauer Holding AG.
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