New York, Oct. 21, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Smart Labels Industry” – https://www.reportlinker.com/p05817629/?utm_source=GNW
Online interactive peer-to-peer collaborative bespoke updates
Access to our digital archives and MarketGlass Research Platform
Complimentary updates for one year
Global Smart Labels Market to Reach $35.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Smart Labels estimated at US$11.5 Billion in the year 2020, is projected to reach a revised size of US$35.2 Billion by 2027, growing at a CAGR of 17.3% over the analysis period 2020-2027. Paper & Paperboard, one of the segments analyzed in the report, is projected to record a 18.5% CAGR and reach US$18.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Foam Plastics segment is readjusted to a revised 15.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 16.6% CAGR
The Smart Labels market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2027 trailing a CAGR of 16.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.6% and 14.8% respectively over…
