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Global Smart Label Market to Generate Revenue of $21.04 Billion by 2028 | By 2050, Over 60% Food Products will be Smart Labelled
Publish date: 2022-09-23

 

Westford, USA, Sept. 06, 2022 (GLOBE NEWSWIRE) -- As the world moves towards a more digital age, many companies in the global smart label market are starting to adopt standardized ‘smart labels’ for their products. A smart label uses embedded technology like RFID, NFC, and QR Code, among others to communicate specific information about the product. This information can include the manufacturing country of origin, ingredients, nutritional values, expiry and more. The benefits of using smart labels are manifold. For one, they allow consumers to make more informed choices about what they buy. This can help reduce environmental waste and improve food safety. Moreover, it can help companies tap into new markets by targeting specific demographics with relevant information.

Some of the manufacturers in the smart label market who are leading the way in developing smart labels include Coca-Cola, PepsiCo, General Mills, Mondelez International, and Unilever. These companies are investing in technologies such as RFID tracking, natural ingredients, and real-time analysis of product data. They are also working to create sustainable supply chains that protect workers' rights and ecosystems.

As more companies adopt smart labels, the global smart label is expected to grow rapidly. This will help to ensure that products are ethically sourced and transparently labeled. The benefits of using smart labels include increased consumer confidence and reduced environmental impact.

SkyQuest has published a report on global smart label market. The report provides detailed insights about market analysis, market forecast, dynamics, key players, consumption, technology landscape, market share analysis, pricing analysis, value chain analysis.

Growing Adoption of Smart Label to Reduce Food Wastage

With more and more people becoming aware of the food waste problem, companies are starting to adopt smart label technology in order to reduce the amount of food that goes to waste. So far, companies like Amazon, Coca-Cola, and Nestle have been some of the largest adopters of smart label technology, and they’ve seen great results.

There are many different types of labels available in the global smart label market, but the simplest type is an electronic tag that is attached to individual food products. This tag has a code that can be read by a scanner in the grocery store. When the code matches the code on the label, the product is assumed to be safe to eat. This system has had a large impact on reducing food waste in Europe. Between 2010 and 2021, food waste decreased by 30% in Europe using this technology.

 

source: yahoo! finance

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