Market Share of Smart Label Industry
The smart label market is fragmented, with the presence of major players like Avery Dennison Corporation, CCL Industries Inc., William Frick & Company, Honeywell International Inc., and Invengo Information Technology Co. Ltd. Players in the market are adopting strategies such as partnerships, agreements, and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
In April 2023, CCL Industries Inc. reported that the business had acquired eAgile Inc., a provider of hardware and software solutions for the healthcare sector, along with RFID inlays integrated into labels and the intellectual property of Alert Systems ApS. The new firm will provide RFID expertise to the whole organization and become a crucial component of CCL Label's Healthcare & Specialty division. Furthermore, privately held Alert in Denmark offers proprietary anti-theft products to European merchants alongside Checkpoint's merchandise availability solutions (MAS) product lines.
In January 2023, Avery Dennison signed an agreement to buy Thermopatch, a labeling, embellishment, industrial laundry, and transfer specialist for the sports, workwear, and hospitality industries. Thermopatch was expected to become part of the company's Retail Branding and Information Solutions (RBIS) Apparel Solutions business after the transaction was complete, which was expected in the first quarter of 2023. The merger is expected to allow the company to capitalize on its aggregate industry knowledge, utilizing its know-how, quality, and service to drive growth in external embellishments.
Smart Label Market Leaders
Avery Dennison Corporation
CCL Industries Inc.
William Frick & Company
Honeywell International Inc.
Invengo Information Technology Co. Ltd
*Disclaimer: Major Players sorted in no particular order
