Lucintel's latest market report analyzed that smart food and beverage label provides attractive opportunities in the food and beverage applications. The smart food and beverage label market is expected to reach $25.8 billion by 2028 with a CAGR of 18.2%. In this market, RFID is the largest segment by product type, whereas food is largest by application.
Based on product type, the smart food and beverage label market is segmented into FID, NFC, temperature sensing labels, and others. The RFID segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the expanding use of RFID to detect objects at a distance without a line of sight.
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The Smart Food and Beverage Label Market is marked by the presence of several big and small players. Some of the prominent players offering smart food and beverage label include Alien Technology, Thin Film Electronics ASA, Honeywell International, Avery Dennison, and Sato Holding.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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