Global Smart Label Market: Key Highlights
Global Smart Label Market: Key Market Dynamics
Global Smart Label Market: Regional Overview
In North America, the market is expected to grow at a substantial pace owing increasing adoption across the transportation and packaging application. Increasing adoption of advanced technology for enhancing packaging and to preserve the quality of the product is driving its demand in the region. Growing health conscious population followed by increasing awareness regarding the products safety is driving attention towards the labelling.
The market is projected to gain higher growth in the region owing to increasing awareness regarding the food labelling among the population. Increasing investment by the European food regulating authorities for simplification of the food labels to promote consumption of safe food, is expected to fuel the demand for smart labels.
Global Smart Label Market: Key Players Overview
With headquarters in Finland, UPM manufacturers and markets products & solutions used in food & beverage, logistics, personal care, and many more operation. The company operates through its six business segments: Biorefining, energy, Raflatac, specialty papers, communication paper, and plywood. The UPM Raflatac includes paper labels, film labels, adhesive liners and graphic sheets, which finds application in home and personal care products, logistics and ecommerce, food and beverages and pharmaceuticals. In 2019, UPM Raflatac, Xeikon and Magic Add teams up for digital printing of smart labels
Sato holding corporation engages in manufacturing and sales of technology products. The company offers software and services and labelling system used across retail, food safety, supply chain, healthcare, manufacturing. In 2018, Sato introduced LR4NX-FA automatic labelling system in the China and rest of Asia Pacific market to streamline the operations in the region. LR4NX-FA automatic labelling system is integrated with the SATO’s cloud-based IoT preventative maintenance solution SOS to promote stable operations.
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