RFID Tags Experience Surging Demand, Says Report Nearly 400,000 thousand units of smart labels sold globally in 2016 were accounted by Radio-Frequency Identification (RFID) technology, which amounted to an estimated $2,493.9 million, according to the re- search findings from a new Future Market Insights’ report, titled Smart Labels Market: Global Industry Analysis and Opportunity Assessment, 2016–2026 . Surging demand for RFID tags in the global retail in- dustry have been pivotal in boosting sales of smart la- bels, globally. Furthermore, the advantages of RFID smart labels in maintaining, tracking and updating stock & inventory databases is predicted to continue driving their demand around the globe in the coming years. According to Future Market Insights, the global market for smart labels amassed revenues worth $4.7 billion in 2016, and is likely to reach $22.6 billion market value by the end of 2026. During the forecast period, the global smart labels market size is antici- pated to expand robustly at a Compound Annual Growth Rate of 17 percent. Rampant Growth Organized retail sector will continue to drive ram- pant growth in global smart labels sales, while ware- housing businesses in the world are expected to actively adopt smart labelling for their benefits in tracking products. Growing sales of biologics and specialty drugs that require thermal-sensitive packag- ing are promoting the use of smart labels that are equipped with temperature-control functions. Smart labels will be integrated in drug monitoring systems across pharmaceutical manufacturers in the world, fa- cilitating efficiency in transportation, anti-counterfeit measures, and damage control. Key highlights of the research report exhibit RFID as the dominant labelling technology, however, Electronic Article Surveillance (EAS) and sensing labels are also expected to gain traction while independently regis- tering a rise at more than 16 percent CAGR over the forecast period. By the end of 2026, global retail indus- try will be the largest end-user of smart labels by procuring global revenue share of more than 30 per- cent. On the other hand, healthcare, automotive and logistics will be considered as lucrative end-user indus- tries for smart labels, collectively accounting for sales of more than 1,561,000 thousand units by 2026-end. Flexographic and gravure printing technologies are predicted to dominate the global smart labels market in terms of revenues. Over the forecast period, more than $8 billion revenues are will be accounted by flexographic smart labels, while smart labels manu-
Flexo Market News
I NTERNET D IRECTORY
Eaglewood Technologies, LLC www.eaglewoodtech.com
Eaglewood Technologies is the Anilox Roll Cleaning Ex- pert! We are the creators of Laserlox™ Systems, Sanilox™ Systems and Sani-Blast™ Mobile Service. Laserlox™ and Laserlox™ Flexi are the latest technology in anilox roll cleaning. Sanilox™ Systems are the global standard of reli- able, environmentally safe anilox roll cleaning. Sani-Blast™ cleaning service has been cleaning rolls for over 20 years and offers several cleaning options to minimize downtime. Flint Group Flexographic Products develops, manufactur- ers and markets an extensive portfolio of printing consum- ables, including: nyloflex® photopolymer printing plates and processing equipment, and dayCorr® die-cutting blankets and anvil covers. With a strong customer focus, unmatched service and support, and superior products, Flint Group strives to provide exceptional value, consistent quality and continuous innovation to customers around the world. Flint Group www.flintgrp.com
Harper Corporation of America www.harperimage.com
We’ve made ceramic anilox rolls longer than anyone in the world and pride ourselves on being the best in the world. Whether wide web, narrow web, newspaper, or cor- rugated markets, Harper continuously strives to bring new flexographic products and services to the printing industry that will improve the quality of your graphics.
J I MacWilliam Co., Inc. www.jimacwilliam.com
Used equipment for flexible packaging, folding carton, paper, film, foil and non-woven industries. Professional, knowledgeable service for more than 30 years.
KBA-Flexotecnica – Get the Edge www.kba-flexotecnica.com/en/
Flexotecnica’s patented Safe Sleeve Change® system and Speedy Clean® auto washup system are designed to give converters a competitive edge through Flexotecnica’s commitment to research and development. Sales, service and support for Flexotecnica presses is provided by KBA North America, Inc. in Dallas, Texas with U.S. resident technicians, an extensive spare parts inventory and an ex- perienced, dedicated service staff. Mark Andy, Inc. is a leading global manufacturer of nar- row and mid-web printing and converting equipment. The company has a rich history of delivering solutions to in- crease productivity and profitability for the label and pack- aging markets. The company supplies leading global brands including Comco printing/converting machinery, Mark Andy printing/converting machinery and UVTechnolo- gy curing systems and replacement parts. Mark Andy, Inc. is headquartered in St. Louis, Missouri, with sales and dis- tribution offices in France, Switzerland, and the UK. Mark Andy, Inc. www.markandy.com
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