Flexible Electronics News

Smart Labels Market Expected to Reach $39.2 Billion by 2031: AMR

Smart labels enable real-time tracking of products throughout the supply chain.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

According to a new report published by Allied Market Research (AMR), titled “Smart Labels Market,” the smart labels market was valued at $9 billion in 2021, and is estimated to reach $39.2 billion by 2031, growing at a CAGR of 15.8% from 2022 to 2031. “The smart labels market has witnessed significant growth in the past decade, owing to growing retail industry. By product type, the RFID segment dominated the market in 2021, in terms of revenue. Depending on application, the retail inven...

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