Smart Labels Market To Exceed $22.6 Billion
According to the research findings from Future Market Insights’ report, titled Smart Labels Market: Global Industry Analysis and Opportunity Assess- ment, 2016–2026 , nearly 400,000 thousand units of smart labels sold globally in 2016 were accounted by Radio-Frequency Identification (RFID) technolo- gy, which amounted to an estimated $2,493.9 mil- lion. Surging demand for RFID tags in the global retail industry have instrumented the boost in sales of smart labels, globally. Furthermore, the advantages of RFID smart labels in maintaining, tracking and up- dating stock & inventory databases is predicted to continue driving their demand around the globe in the coming years. The global market for smart labels amassed rev- enues 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 anticipated to expand robustly at a Compound Annual Growth Rate of 17 percent. The organized retail sector will continue to be in- strumental in the growth in global smart labels sales, while warehousing businesses in the world are ex- (Cont’d on Page 10)
N ROLLING KEEPING YOU SECONDS TO BEING BACK IN PRODUCTIO
ith t t l Change colors in sec Quick Change Head ith Model PQS W TIC PU A PERIST L . w ou any oo s
MP
onds
By working together we’ll help you pick the right equipment for your needs—and we stand behind it. With a generous warranty, our products are built to last. So you can relax and get back to doing what you do best.
1-888-
Graymills • 472-9645
.com
Flexo Market News July 9, 2018 3
www.nvpublications.com
Made with FlippingBook - professional solution for displaying marketing and sales documents online