Global Smart Labels Market was valued at $5,428 million in 2017 and is expected to reach $13,671 million by 2023, registering a CAGR of 16.6% from 2017 to 2023. Smart Labels Market created by Grocery Manufacturers Association (GMA), has gained an increase in traction in the packaging industry, owing to growth in the demand for product information through smart devices. These labels act as the innovative transparent label associated with digital technology and smart devices that enable consumers to access detailed information about their products. The growth in the global smart labels industry is expected to enable consumers to gain enhanced information visibility on the purchased products.
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