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A smart label uses the technology beyond conventional bar codes, and forms a crucial facet of printed electronics through the sensor technology. Spoil detection-based smart labels especially capture an important portion of the printed electronics market, as they are extensively used for groceries, and other food and beverage products all over the globe. While a sizeable population across the globe is a dedicated packaged food products buyer, it has been observed that consumers are finding it easy to read the detailed product information stored in a chip, using their smartphones, computers, or scanners.<br><br>According to the U.S. Grocery Manufacturers Association (GMA), around 80% of products belonging to food and beverages, pet and personal care, and household verticals will do feature a smart label, within the next five years. Drupa (the largest printing equipment exhibition in the world, held in Germany) indicates that an increasing number of companies are relying on smart labels to provide traceability of their food products to consumers. Leading food manufacturing brands, including Hershey Co., Kellog Company, The J.M. Smucker Company, and Nestle have started using smart labels.
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Spoil Detection Based Smart Label Market: Global Industry Analysis and Opportunity Assessment 2016-2026 December 2016 Report Id : REP-GB-1162 Status : Ongoing Category : Electronics, Semiconductors, and ICT ©2015 Future Market Insights, All Rights Reserved
About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Social Media Research ©2015 Future Market Insights, All Rights Reserved 2
Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 PMR formulates a detailed discussion guide to conduct expert and industry interviews Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 PMR conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 PMR delivers industry insights and information in the required format (PDF) Insights # includes sources of databases ©2015 Future Market Insights, All Rights Reserved 3
Spoil Detection Based Smart Label Market Overview: Spoil Detection-Based Smart Label Market A smart label uses the technology beyond conventional bar codes, and forms a crucial facet of printed electronics through the sensor technology. Spoil detection-based smart labels especially capture an important portion of the printed electronics market, as they are extensively used for groceries, and other food and beverage products all over the globe. While a sizeable population across the globe is a dedicated packaged food products buyer, it has been observed that consumers are finding it easy to read the detailed product information stored in a chip, using their smartphones, computers, or scanners. According to the U.S. Grocery Manufacturers Association (GMA), around 80% of products belonging to food and beverages, pet and personal care, and household verticals will do feature a smart label, within the next five years. Drupa(the largest printing equipment exhibition in the world, held in Germany) indicates that an increasing number of companies are relying on smart labels to provide traceability of their food products to consumers. Leading food manufacturing brands, including Hershey Co., Kellog Company, The J.M. Smucker Company, and Nestle have started using smart labels. Future Outlook: 2016-2026 The global market for spoil detection-based smart labels is rapidly growing and is anticipated to witness robust growth during the forecast period 2016-2026. Spoil detection-based smart labels detect the exact freshness of products and facilitate the entire process of monitoring the product spoilage in real time. They also serve to monitor and measure the factors; temperature, pH, moisture, and microbial growth to mention the basic ones. This strong attribute is a key factor influencing the overall growth of the market. ©2015 Future Market Insights, All Rights Reserved 4
Spoil Detection Based Smart Label Market Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1162 Key Drivers: Spoil Detection-Based Smart Label Market Food materials are predicted to propel the demand for spoil detection-based smart labels. According to FMI’s research, vegetables, fruits, meat, and fish will continue to drive heavy growth of the market globally. With rising adoption of smart packaging and increasing consumer population inclined toward purchasing hygienic food products, the market is expected to gain traction in the packaged food products sector. A few developed nations are currently following strict norms related to minimal food wastage, prompting at elevated demand for spoil detection-based smart labels for virtually tracking food spoilage. Apart from food and beverage industry, smart labels are being increasingly used in pharmaceuticals, medical and healthcare, chemical, and logistics, which is foreseen to bolster the market growth over the forecast period. Moreover, growing collaborative efforts from several private and government entities is said to play a major role in improving the quality and efficiency of products, thereby supporting the market to thrive. In addition, favourable governmental regulations and policies will act a key driving force in strengthening the spoil detection-based smart label market globally.Increasing number of food safety standards monitoring agencies all over the globe is also an important reason for widespread adoption of smart labels. Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1162 ©2015 Future Market Insights, All Rights Reserved 5
Spoil Detection Based Smart Label Market Spoil Detection Based Smart Label Market: Segmentation The global spoil detection-based smart label market is segmented on the basis of product type, application, and region. On the basis of product type, the market is further segmented into time- temperature indicator, oxygen indicator, carbon-dioxide indicator, pathogen indicator, and others. The time-temperature indicator segment holds key importance inadoption of spoil detection-based smart labels. Regional Outlook According to regional analysis, the global market is segmented into seven key regions, including North America, Latin America, Eastern Europe, Western Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East and Africa (MEA). North America and Western Europe are currently having a strong hold in the market, driven by higher consumer awareness about packaged food safety and technological advancements in the food and beverages packaging industry. APEJ is projected to witness considerable growth opportunity over the forecast period. Over the forecast period, increasing demand for packaged food products and growing consumer awareness about packaged food safety are expected to dramatically bolster the growth of spoil detection-based smart labels in the APEJ region. ©2015 Future Market Insights, All Rights Reserved 6
Spoil Detection Based Smart Label Market Key Players in the Global Spoil Detection Based Smart Label Market Some of the key players identified to lead the market include Sato Holdings AG, Zebra Technologies, Thinfilm Electronics ASA, Invengo Information Technology Co., Ltd., Smartrac N.V., and Muhlbauer Holding AG & Co. KGAA. Many of these companies are concentrating on application-specific products development to cater to individual business-related needs. Product innovation strategies are foreseen to continue accounting for increased revenues. In 2015, the collaboration of PakSense (a leading U.S.-based logistics company) with Thinfilm started offering smart labels to food industry, particularly for temperature monitoring. The same year, Flexstr8, a U.S. start- up started providing NFC-enabled labels for consumer products, pharmaceuticals, and chemicals. Tyson Foods Inc., a leading U.S. meat and poultry producing company, has recently added a QR code to some of its chicken products in order to support expansion in the Chinese market, where consumers prefer to buy very fresh poultry products. The Italian pasta and sauce maker Barilla recently teamed with Cisco, Penelope S.p.A., and NTT Data for the development of QR codes, assuring safety for foods. In the early 2016, Thinfilm Electronics, partnered with Constantia Flexibles, collaborated with Hopsy for introducing wireless NFC tags to a variety of locally produced craft beers across the U.S. Browse Full Report@ http://www.futuremarketinsights.com/reports/spoil-detection-based-smart-label- market ©2015 Future Market Insights, All Rights Reserved 7
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