The Sensormatic Labels Market is expected to grow at a CAGR of 15.10% over the forecast period of 2023-2030.
Sensormatic Labels and tags aim to help retailers and shops fight shoplifters and thieves. The labels work with radio frequency retail systems and protect hard-to-tag items, packaged goods, cosmetics, pharmaceuticals, and more.
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The main factor accelerating market growth in Sensormatic Labels is an increase in demand for fast moving consumer goods. The growth of the Sensormatic Labels market is also expected to be stimulated by increased production and proper inventory management, a rising number of investments in developing advanced and technical products, adoption of radio frequency identification tags and electronic article surveillance technology.
The Sensormatic Labels market is being hampered by growing preference for conventional barcode and label printing among manufacturers of small-scale industries, which will limit the growth of this market in comparison to laser printers that are more expensive. Moreover, the Sensormatic Labels label market will have ample opportunity to grow as a result of increasing demand from different sectors.
KEY DRIVERS:
In retail stores, sensor labels act as a strong deterrent against theft
Retailers are investing in these labels for protection of their goods, reducing shrinkage and minimising losses caused by theft.
The demand for Sensormatic Labels is increasing in order to secure a growing number of stores and goods due to the expansion of retail chains both at home and abroad.
RESTRAIN:
False alarm and inconvenience to customers
Customers may be inconvenienced and have negative shopping experiences, due to false alarms which arise from Sensormatic Labels. The key is to strike the right balance of security with minimising inconvenience.
OPPORTUNITY:
Advances in the Technology of Sensormatic Labelling
The opportunities to enhance detection capacity, increase data accuracy and facilitate the integration of retail systems are presented by continuing innovation in sensor labelling technology such as RFID Nearmatic labels or NFCNFC Field Communication technologies.
An opportunity to take advantage of a significant part of the retail market is provided by offering tailor made cost effective Sensormatic Labels solutions and packages for SMEs which may be subject to budgetary constraints.
CHALLENGES:
In order to preserve the integrity and security of shopping environments, it is vital that sensorial labelling systems be protected from cyber threats such as attempted hackers or data breaches.
The war damaged the supply lines, leading to higher prices for raw materials like paper and adhesives. Paper prices have increased by 10% since the beginning of the war. Adhesive prices have gone up by 5% since the beginning of the war. By now, the paper imports had risen to more than INR 1 00,000 per tonne, which had been priced at around INR 70,000 per tonne before the war. The cost of the Sensormatic Labels label has increased by 3% since the beginning of the war.
As a result of the sanctions imposed on Russia, Europe could fall into recession, leading to reduced demand for Sensormatic Labels packaging. Eastern Europe's largest markets for Sensormatic Labels are Russia and Ukraine. Due to the war, there was a steep drop in demand from those countries due to business closures and cutbacks.
The ongoing recession is expected to have a negative impact on this growth of Sensormatic Labels. The recession may also lead to an increase in the cost of doing business, thus making it more difficult for firms to raise their Sensormatic Labels Labelling expenditure.
The effect of the recession will vary between Sensormatic Labels labelling markets, depending on the region. Consequently, it is expected that North American markets will have a larger effect compared to the Asia Pacific. For example, the North American region has been more advanced and consumer spending is higher.
By Labelling
RFID Labels
Sensing Labels
EAS Labels
Others
By Printing Technology
Digital
Flexographic
Others
By Application
Logistics
Retail
Healthcare & Pharmaceuticals
Food & Beverage
Cosmetic & Personal Care
Others
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As a result of the fast demand from retail and logistics industry in this region, North America dominated the Sensormatic Labels market and is expected to maintain its dominance over the forecast period. In this region, increasing retail and logistics sectors are demanding efficient tracking solutions to drive demand for sensor labels. According to the USA grocery manufacturer's association, by 2023, 80% of foods and beverages, pet food, personal care or household goods would have a Smart Label.
However, the increase in demand from end user industries as well as growing labelling and packaging sectors will lead to Asia Pacific registering highest growth rates for this period.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Sensormatic Labels market are Johnson Controls, CCL Industries Inc, Custom Security Industries Inc, Avery Dennison Corporation, Honeywell International Inc, Star Label Products, Watson Label Products, MEGA FORTRIS GROUP, ALL-TAG Corporation, Henkel Adhesives Technologies India Private Limited and other players.
A new acousto magnetic metal label designed to protect high risk products such as cookware, canned food, power tools and more has been recently introduced by Sensormatic Labels Solutions in the global retail solutions portfolio of Johnson Controls.
| Report Attributes | Details |
| CAGR | CAGR of 15.10 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Labelling (RFID Labels, Sensing Labels, EAS Labels, Others) • by Printing Technology (Digital, Flexographic, Others) • by End Use (Logistics, Retail, Healthcare & Pharmaceuticals, Food & Beverage, Cosmetic & Personal Care, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Johnson Controls, CCL Industries Inc, Custom Security Industries Inc, Avery Dennison Corporation, Honeywell International Inc, Star Label Products, Watson Label Products, MEGA FORTRIS GROUP, ALL-TAG Corporation, Henkel Adhesives Technologies India Private Limited |
| Key Drivers | • In retail stores, sensor labels act as a strong deterrent against theft • The demand for Sensormatic Labels is increasing in order to secure a growing number of stores and goods due to the expansion of retail chains both at home and abroad. |
| Key Opportunities | • Advances in the Technology of Sensormatic Labelling • An opportunity to take advantage of a significant part of the retail market is provided by offering tailor made cost effective Sensormatic Labels solutions and packages for SMEs which may be subject to budgetary constraints. |
Ans: The Sensormatic Labels Market is expected to grow at a CAGR of 15.10 %.
Ans: Advances in the Technology of Sensormatic Labels can provide growth opportunities for the market.
Ans: The demand for Sensormatic Labels is increasing in order to secure a growing number of stores and goods due to the expansion of retail chains both at home and abroad.
Ans: False alarm and inconvenience to customers can hinder the market growth.
Ans: North America dominated the Sensormatic Labels market and is expected to maintain its dominance over the forecast period.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Sensormatic Labels Market Segmentation, By Labelling
8.1 RFID Labels
8.2 Sensing Labels
8.3 EAS Labels
8.4 Others
9. Sensormatic Labels Market Segmentation, By Printing Technology
9.1 Digital
9.2 Flexographic
9.3 Others
10. Sensormatic Labels Market Segmentation, By End Use
10.1 Logistics
10.2 Retail
10.3 Healthcare & Pharmaceuticals
10.4 Food & Beverage
10.5 Cosmetic & Personal Care
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Sensormatic Labels Market by Country
11.2.2 North America Sensormatic Labels Market by Labelling
11.2.3 North America Sensormatic Labels Market by Printing Technology
11.2.4 North America Sensormatic Labels Market by End Use
11.2.5 USA
11.2.5.1 USA Sensormatic Labels Market by Labelling
11.2.5.2 USA Sensormatic Labels Market by Printing Technology
11.2.5.3 USA Sensormatic Labels Market by End Use
11.2.6 Canada
11.2.6.1 Canada Sensormatic Labels Market by Labelling
11.2.6.2 Canada Sensormatic Labels Market by Printing Technology
11.2.6.3 Canada Sensormatic Labels Market by End Use
11.2.7 Mexico
11.2.7.1 Mexico Sensormatic Labels Market by Labelling
11.2.7.2 Mexico Sensormatic Labels Market by Printing Technology
11.2.7.3 Mexico Sensormatic Labels Market by End Use
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Sensormatic Labels Market by Country
11.3.1.2 Eastern Europe Sensormatic Labels Market by Labelling
11.3.1.3 Eastern Europe Sensormatic Labels Market by Printing Technology
11.3.1.4 Eastern Europe Sensormatic Labels Market by End Use
11.3.1.5 Poland
11.3.1.5.1 Poland Sensormatic Labels Market by Labelling
11.3.1.5.2 Poland Sensormatic Labels Market by Printing Technology
11.3.1.5.3 Poland Sensormatic Labels Market by End Use
11.3.1.6 Romania
11.3.1.6.1 Romania Sensormatic Labels Market by Labelling
11.3.1.6.2 Romania Sensormatic Labels Market by Printing Technology
11.3.1.6.4 Romania Sensormatic Labels Market by End Use
11.3.1.7 Turkey
11.3.1.7.1 Turkey Sensormatic Labels Market by Labelling
11.3.1.7.2 Turkey Sensormatic Labels Market by Printing Technology
11.3.1.7.3 Turkey Sensormatic Labels Market by End Use
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Sensormatic Labels Market by Labelling
11.3.1.8.2 Rest of Eastern Europe Sensormatic Labels Market by Printing Technology
11.3.1.8.3 Rest of Eastern Europe Sensormatic Labels Market by End Use
11.3.2 Western Europe
11.3.2.1 Western Europe Sensormatic Labels Market by Country
11.3.2.2 Western Europe Sensormatic Labels Market by Labelling
11.3.2.3 Western Europe Sensormatic Labels Market by Printing Technology
11.3.2.4 Western Europe Sensormatic Labels Market by End Use
11.3.2.5 Germany
11.3.2.5.1 Germany Sensormatic Labels Market by Labelling
11.3.2.5.2 Germany Sensormatic Labels Market by Printing Technology
11.3.2.5.3 Germany Sensormatic Labels Market by End Use
11.3.2.6 France
11.3.2.6.1 France Sensormatic Labels Market by Labelling
11.3.2.6.2 France Sensormatic Labels Market by Printing Technology
11.3.2.6.3 France Sensormatic Labels Market by End Use
11.3.2.7 UK
11.3.2.7.1 UK Sensormatic Labels Market by Labelling
11.3.2.7.2 UK Sensormatic Labels Market by Printing Technology
11.3.2.7.3 UK Sensormatic Labels Market by End Use
11.3.2.8 Italy
11.3.2.8.1 Italy Sensormatic Labels Market by Labelling
11.3.2.8.2 Italy Sensormatic Labels Market by Printing Technology
11.3.2.8.3 Italy Sensormatic Labels Market by End Use
11.3.2.9 Spain
11.3.2.9.1 Spain Sensormatic Labels Market by Labelling
11.3.2.9.2 Spain Sensormatic Labels Market by Printing Technology
11.3.2.9.3 Spain Sensormatic Labels Market by End Use
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Sensormatic Labels Market by Labelling
11.3.2.10.2 Netherlands Sensormatic Labels Market by Printing Technology
11.3.2.10.3 Netherlands Sensormatic Labels Market by End Use
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Sensormatic Labels Market by Labelling
11.3.2.11.2 Switzerland Sensormatic Labels Market by Printing Technology
11.3.2.11.3 Switzerland Sensormatic Labels Market by End Use
11.3.2.1.12 Austria
11.3.2.12.1 Austria Sensormatic Labels Market by Labelling
11.3.2.12.2 Austria Sensormatic Labels Market by Printing Technology
11.3.2.12.3 Austria Sensormatic Labels Market by End Use
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Sensormatic Labels Market by Labelling
11.3.2.13.2 Rest of Western Europe Sensormatic Labels Market by Printing Technology
11.3.2.13.3 Rest of Western Europe Sensormatic Labels Market by End Use
11.4 Asia-Pacific
11.4.1 Asia-Pacific Sensormatic Labels Market by country
11.4.2 Asia-Pacific Sensormatic Labels Market by Labelling
11.4.3 Asia-Pacific Sensormatic Labels Market by Printing Technology
11.4.4 Asia-Pacific Sensormatic Labels Market by End Use
11.4.5 China
11.4.5.1 China Sensormatic Labels Market by Labelling
11.4.5.2 China Sensormatic Labels Market by Printing Technology
11.4.5.3 China Sensormatic Labels Market by End Use
11.4.6 India
11.4.6.1 India Sensormatic Labels Market by Labelling
11.4.6.2 India Sensormatic Labels Market by Printing Technology
11.4.6.3 India Sensormatic Labels Market by End Use
11.4.7 Japan
11.4.7.1 Japan Sensormatic Labels Market by Labelling
11.4.7.2 Japan Sensormatic Labels Market by Printing Technology
11.4.7.3 Japan Sensormatic Labels Market by End Use
11.4.8 South Korea
11.4.8.1 South Korea Sensormatic Labels Market by Labelling
11.4.8.2 South Korea Sensormatic Labels Market by Printing Technology
11.4.8.3 South Korea Sensormatic Labels Market by End Use
11.4.9 Vietnam
11.4.9.1 Vietnam Sensormatic Labels Market by Labelling
11.4.9.2 Vietnam Sensormatic Labels Market by Printing Technology
11.4.9.3 Vietnam Sensormatic Labels Market by End Use
11.4.10 Singapore
11.4.10.1 Singapore Sensormatic Labels Market by Labelling
11.4.10.2 Singapore Sensormatic Labels Market by Printing Technology
11.4.10.3 Singapore Sensormatic Labels Market by End Use
11.4.11 Australia
11.4.11.1 Australia Sensormatic Labels Market by Labelling
11.4.11.2 Australia Sensormatic Labels Market by Printing Technology
11.4.11.3 Australia Sensormatic Labels Market by End Use
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Sensormatic Labels Market by Labelling
11.4.12.2 Rest of Asia-Pacific Sensormatic Labels Market by Printing Technology
11.4.12.3 Rest of Asia-Pacific Sensormatic Labels Market by End Use
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Sensormatic Labels Market by Country
11.5.1.2 Middle East Sensormatic Labels Market by Labelling
11.5.1.3 Middle East Sensormatic Labels Market by Printing Technology
11.5.1.4 Middle East Sensormatic Labels Market by End Use
11.5.1.5 UAE
11.5.1.5.1 UAE Sensormatic Labels Market by Labelling
11.5.1.5.2 UAE Sensormatic Labels Market by Printing Technology
11.5.1.5.3 UAE Sensormatic Labels Market by End Use
11.5.1.6 Egypt
11.5.1.6.1 Egypt Sensormatic Labels Market by Labelling
11.5.1.6.2 Egypt Sensormatic Labels Market by Printing Technology
11.5.1.6.3 Egypt Sensormatic Labels Market by End Use
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Sensormatic Labels Market by Labelling
11.5.1.7.2 Saudi Arabia Sensormatic Labels Market by Printing Technology
11.5.1.7.3 Saudi Arabia Sensormatic Labels Market by End Use
11.5.1.8 Qatar
11.5.1.8.1 Qatar Sensormatic Labels Market by Labelling
11.5.1.8.2 Qatar Sensormatic Labels Market by Printing Technology
11.5.1.8.3 Qatar Sensormatic Labels Market by End Use
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Sensormatic Labels Market by Labelling
11.5.1.9.2 Rest of Middle East Sensormatic Labels Market by Printing Technology
11.5.1.9.3 Rest of Middle East Sensormatic Labels Market by End Use
11.5.2 Africa
11.5.2.1 Africa Sensormatic Labels Market by Country
11.5.2.2 Africa Sensormatic Labels Market by Labelling
11.5.2.3 Africa Sensormatic Labels Market by Printing Technology
11.5.2.4 Africa Sensormatic Labels Market by End Use
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Sensormatic Labels Market by Labelling
11.5.2.5.2 Nigeria Sensormatic Labels Market by Printing Technology
11.5.2.5.3 Nigeria Sensormatic Labels Market by End Use
11.5.2.6 South Africa
11.5.2.6.1 South Africa Sensormatic Labels Market by Labelling
11.5.2.6.2 South Africa Sensormatic Labels Market by Printing Technology
11.5.2.6.3 South Africa Sensormatic Labels Market by End Use
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Sensormatic Labels Market by Labelling
11.5.2.7.2 Rest of Africa Sensormatic Labels Market by Printing Technology
11.5.2.7.3 Rest of Africa Sensormatic Labels Market by End Use
11.6 Latin America
11.6.1 Latin America Sensormatic Labels Market by country
11.6.2 Latin America Sensormatic Labels Market by Labelling
11.6.3 Latin America Sensormatic Labels Market by Printing Technology
11.6.4 Latin America Sensormatic Labels Market by End Use
11.6.5 Brazil
11.6.5.1 Brazil Sensormatic Labels by Labelling
11.6.5.2 Brazil Sensormatic Labels by Printing Technology
11.6.5.3 Brazil Sensormatic Labels by End Use
11.6.6 Argentina
11.6.6.1 Argentina Sensormatic Labels by Labelling
11.6.6.2 Argentina Sensormatic Labels by Printing Technology
11.6.6.3 Argentina Sensormatic Labels by End Use
11.6.7 Colombia
11.6.7.1 Colombia Sensormatic Labels by Labelling
11.6.7.2 Colombia Sensormatic Labels by Printing Technology
11.6.7.3 Colombia Sensormatic Labels by End Use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Sensormatic Labels by Labelling
11.6.8.2 Rest of Latin America Sensormatic Labels by Printing Technology
11.6.8.3 Rest of Latin America Sensormatic Labels by End Use
12 Company profile
12.1 Johnson Controls
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 CCL Industries Inc
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Custom Security Industries Inc
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Avery Dennison Corporation
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Honeywell International Inc
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Star Label Products
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Watson Label Products
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 MEGA FORTRIS GROUP
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 ALL-TAG Corporation
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Henkel Adhesives Technologies India Private Limited
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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