IoT has already made a revolutionary change over the past few years in many sectors from healthcare, energy to agriculture. The biggest enablers of IoT in organizations has been the addition of RFID Tags and Labels in day to day tasks.

The radio-frequency identification (RFID) tags and labels are marked to be responsible for bringing a revolutionary change in the retail sector. With RFID Tags and Labels, you can track the movement of your goods, reduce data management work, Reducing Operating Costs, collect information of your tagged products, and last but not least increase intelligence about your product.

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Real-World Applications of RFID Tags and Labels:

1. Agriculture- Track the movement of animals

2. Jewelry Tracking: Tracking the jewelry from the factory to the distribution center

3. Defense: Tracking the movement of weapon and soldier

4. Laundry Automation- Useful in creating a laundry automation system

5. Kiosks- RFID can also be used by the kiosks for managing resources or to interact with their customers.

6. Library Systems- RFID systems in a library help in enhancing the efficiency of circulation operations. Libraries often use barcodes with proper positioning and line of sight.

7. Inventory Management- Inventory management is an important element of supply chain management. It includes various aspects like monitoring, administering, controlling, storing, and ultimately using the materials for the sale of a product.

8. Warehouse Management- Warehouses are simply a storage area where you store different products received from the suppliers. These products are then distributed to the customers.

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The growing technological proliferation of smart labels and a significant rise in industry partnerships have proved to be core factors among others supporting the growth of the global smart labels market. Moreover, increasing urbanization along with large amounts of disposable income in developing countries are boosting the growth of this market.

Region-wise, Asia Pacific, the Middle East and Africa are anticipated to show lucrative growth opportunities for the smart labels market. Moreover, the smart labels market in North America and Europe are expected to grow substantially due to high amounts of smart label usage in manufacturing, retail, and logistics industries.

As compared to the conventional bar code data, smart labels are an identification slip which offers more advanced technologies with reprogrammable attribute and real time tracking. The most common developments in global smart labels are precisely configured RFID labels and Electronic Article Surveillance (EAS) labels. These smart labels are made from plastics, paper, or fabrics, and are used as printed labels, electronic labels, or basically chip labels.

Automated interpretation from a certain distance coupled with high tolerance capability aids in eliminating the errors and enhancing efficiency. In the coming years, the global smart labels is expected to witness significant growth mainly due to the growing penetration of smart labels in merchandises and assets tracking applications.

Increasing demand for the reliable anti-theft devices is the key factor driving growth of the global smart labels market currently. The smart labels come with various features, such as re-programmability, real time tracing, and simultaneous identification, which are further driving growth of the market in logistics and manufacturing related industries.

Some of the key players covered in this study on the global smart labels market are Avery Dennison Corporation, CCL Industries Inc., SMARTRAC N.V., Invengo Technology BV, Advantech US, Muehlbauer Holding AG & Co. KGaA, Thinfilm, ZIH Corp., Metra Blansko, and TOSHIBA Global Commerce Solutions, Inc.

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