The global smart label market is forecast to grow from $6.79 billion in 2021 to $17.5 billion by 2028, at a CAGR of 18.7%. The growth of the market is mainly attributed to the increasing demand for intelligent packaging solutions from major industries such as automotive, FMCG, healthcare & pharmaceuticals, and logistics that are using innovative technologies such as RFID labels and NFC tags for product identification purposes.
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