Study: Sales of smart labels to ascend thanks to e-commerce, connected packaging
Use of connected packaging solutions such as smart labels enables end users to gain access to all traceable information across the supply chain.
The global smart labels market is projected to record a CAGR of ~13% during the forecast period 2019-2029, according to a study released by Future Market Insights, Valley Cottage, N.Y.
Gains remain driven by the growing need for superior inventory and logistics management solutions. Adoption of smart labels witnessed a sharp increase in the food industry, as demand for product authentication and ability to enhance food safety and reduce food waste continues to surge.