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The global pen needles market was valued at USD 1,450.0 million in 2019 and is expected to grow at a CAGR of 11.7% over the forecast period.

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All these factors are anticipated to augur market growth over the forecast period.Request for Sample PDF @ https://www.adroitmarketresearch.com/contacts/request-sample/1550Adroit Market Research report on global Pen Needles market gives a holistic view of the market from 2015 to 2025, which includes factors such as market drivers, restraints, opportunities, and challenges.

The market has been studied for historic years from 2015 to 2019, with the base year of estimation as 2019 and forecast from 2020 to 2025.

In addition, the study also assesses the market competition with Porter's five forces analysis and company positioning based on their product portfolio, geographic footprint, strategic initiatives and overall revenue.

In this report, Research Report Insights (RRI) delivers key insights on the global smart labels market in its published report, titled “Smart labels Market by 2026” In terms of revenue, The segment is expected to create incremental $ opportunity of more than US$ 10,000 Mn from 2016 to 2026. In terms of volume, the RFID segment is expected to register a CAGR of 17.1% over the projected period, owing to numerous factors, about which RRI offers thorough insights and forecasts in this report.

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The market is segmented based on technology type, end use, printing technology type and region. Based on technology type, the market is sub-segmented into RFID, NFC tags, electronic article surveillance, sensing labels and electronic shelf labels. Among all the technology type segment, RFID segment is expected to account for the highest market share, followed by electronic article surveillance segment over the forecast period. The electronic article surveillance technology type segment is expected to register a significant CAGR of 16.5% during the forecast period in terms of value. The sensing labels segment is projected to register a decent CAGR of 16.3% over the forecast period. The factors fuelling demand for smart labels solution is the increasing growth of Internet of Things in developed countries. Moreover, due to the globalisation many perishable food items, are exported to different countries which is also expected to further assist to create a huge buzz in the global smart labels market.

To provide in-depth insights on the pattern of demand for smart labels, the market is segmented on the basis of end use such as healthcare, automotive, FMCG, logistics, retail and others (aerospace, library etc.). The healthcare end use segment is projected to grow at a significant CAGR of 18.4% over the forecast period in terms of value. The market has also been segmented by printing technology type which includes flexographic, digital, gravure and screen segments. Flexographic printing technology segment is anticipated to be most attractive segment in terms of value over the forecast period. Gravure printing technology segment accounted for significant market share 29.3% in 2016. However, digital printing technology segment is anticipated to witness maximum growth during the forecast period.

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Organised Retail Sector and Reducing Counterfeiting to Drive Growth of the Global Smart labels Market: RRI

A key trend defining the market is that the smart labels providers are increasingly focusing to the RFID enabled smart labels which is gaining traction in the smart labels market due to the property to hold more data than other technology. Moreover, RFID enabled smart labels is active in the tough environment where normal barcode labels are not able to operate.

This report assesses trends driving growth of each segment on the global level and offers potential takeaways that could prove substantially useful to smart labels manufacturers looking to enter the market. The North America market dominated the smart labels market, accounting for maximum revenue share of the market in 2016. Collectively, Western Europe and APEJ markets accounted for over 35.0% revenue share of the global smart labels market in 2016. Among the emerging markets, Asia Pacific excluding Japan is estimated to exhibit a significant CAGR of 18.2% over the forecast period. However, Middle East & Africa region is expected to be slothful during the forecast period.

Key Players:

Some of the key players in the global smart labels market include Avery Dennison Corporation, CCL Industries Inc., Muehlbauer Holding AG, Checkpoints Systems, Inc., Thin Film Electronics ASA, Zebra Technologies Corporation, Sato Holdings Corporation, Invengo Information Technology Co Ltd and Intermec, Inc.. In this report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.

Research Report Insights (RRI) is a leading market intelligence and consulting firm. We deliver a host of services including custom research reports, syndicated research reports, and consulting services which are personalised in nature. RRI delivers a complete packaged solution to clients; this combines current market intelligence, technology inputs, statistical anecdotes, valuable growth insights, 360-degree view of the competitive framework, and anticipated market trends.

Our research services cover global as well as regional emerging markets such as BRICS, GCC, and ASEAN. Our offerings cover a broad spectrum of verticals which include Oil and Gas, Chemicals, Materials, Energy, Technology, Automotive, and Retail. The operating model of RRI blends cross-disciplinary research experience to deploy insightful, in-depth, and actionable research.

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