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Global Smart Label Market to Generate Revenue of $21.04 Billion by 2028 | By 2050, Over 60% Food Products will be Smart Labelled



Westford, USA, Sept. 06, 2022 (GLOBE NEWSWIRE) — As the world moves towards a more digital age, many companies in the global smart label market are starting to adopt standardized ‘smart labels’ for their products. A smart label uses embedded technology like RFID, NFC, and QR Code, among others to communicate specific information about the product. This information can include the manufacturing country of origin, ingredients, nutritional values, expiry and more. The benefits of using smart labels are manifold. For one, they allow consumers to make more informed choices about what they buy. This can help reduce environmental waste and improve food safety. Moreover, it can help companies tap into new markets by targeting specific demographics with relevant information.

Some of the manufacturers in the smart label market who are leading the way in developing smart labels include Coca-Cola, PepsiCo, General Mills, Mondelez International, and Unilever. These companies are investing in technologies such as RFID tracking, natural ingredients, and real-time analysis of product data. They are also working to create sustainable supply chains that protect workers’ rights and ecosystems.

As more companies adopt smart labels, the global smart label is expected to grow rapidly. This will help to ensure that products are ethically sourced and transparently labeled. The benefits of using smart labels include increased consumer confidence and reduced environmental impact.

SkyQuest has published a report on global smart label market. The report provides detailed insights about market analysis, market forecast, dynamics, key players, consumption, technology landscape, market share analysis, pricing analysis, value chain analysis.

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Growing Adoption of Smart Label to Reduce Food Wastage

With more and more people becoming aware of the food waste problem, companies are starting to adopt smart label technology in order to reduce the amount of food that goes to waste. So far, companies like Amazon, Coca-Cola, and Nestle have been some of the largest adopters of smart label technology, and they’ve seen great results.

There are many different types of labels available in the global smart label market, but the simplest type is an electronic tag that is attached to individual food products. This tag has a code that can be read by a scanner in the grocery store. When the code matches the code on the label, the product is assumed to be safe to eat. This system has had a large impact on reducing food waste in Europe. Between 2010 and 2021, food waste decreased by 30% in Europe using this technology.

In 2021 alone, Amazon reduced food waste by 28% across all its global operations. In addition, they saved an estimated 346 million pounds (153 million kilograms) of food from going to landfills. Another player in smart label market, Coca-Cola also saw great results with their smart label program. Between 2018 and 2021, the company reduced food waste by 2.5 billion pounds (1.1 billion kilograms). Nestle also saw positive results with their smart label program. Between 2016 and 2018, the company reduced food waste by 1 trillion calories. This is a massive reduction considering that in 2016 food waste amounted to approximately 1.3 trillion calories worldwide.

Recently in August 2022, Oli Tec has brought innovation in the smart label market with its advanced technology. Wherein, the smart label makes the expiry date obsolete by indicating quality packaged food on color scale. The label is temperature sensitive and changes it color from yellow to red. Also, it shows blue if stored at required temperature. Currently, the company is in talks with numerous supplier and supermarket based in the US and UK to perform the trials in real life environment. This would further help the manufacturers to understand if their any disturbance in cold supply chain or know if there is any breach in supply chain.

SkyQuest has done through market research for global smart label market and have identified how the market is changing and shifting to smart label. The report covers current adoption and future prospective in the market. This will help the market players in gaining insights about consumer behavior, industry dynamics, top manufacturers, top vendors, leading companies using smart label and their source, and supply chain analysis, among others.

Browse summary of the report and Complete Table of Contents (ToC):

SkyQuest Says, over 60% of all Food products are Likely to be Smart Labelled by 2050

By 2050, over 60% of all food products will be labelled with some form of smart technology. As per SkyQuest study, the growth potential for smart label market is vast. From providing information about ingredients to automating data collection for nutritional analysis and fortifying tracking of safety recalls, there are countless opportunities for manufacturers to leverage smart labels to improve the quality, safety and transparency of their products.

The aim of smart labelling is to help consumers make informed choices about their food. By providing information about specific ingredients and nutritional values, consumers can be more confident about the quality and content of the food they are buying.

According to the Food Standards Agency (FSA), smart label market could have a significant impact on consumer behavior. Smart labelling could lead to a reduction in consumer intake of unhealthy foods, and it could also help to encourage people to eat more fruit and vegetables.

Governments across the world are Increasingly supportive of Smart Labelling and are taking steps to make it a reality. The UK, one of the early adopters in the global smart label market, has announced that it will invest £240 million over the next 10 years in support of Smart Food Initiatives, and Brazil is planning to implement a National Program for Label Innovation by 2023. Smart labelling is already becoming a reality in some countries, including Australia and New Zealand. In Europe, there are a number of regulations that require companies to label food products with nutritional information, product origin, and GMO information.

Latest Technology Developments in Smart label Market

  • In August 2022, Oli Tec developed a temperature sensitive smart label that can detect breach in cold supply chain, indicate quality of food by color coding
  • In August 2022, Adrich, US based players, have developed a smart label that can help track the data and usage and allow the uses to automatically reorder, also called smart-replenishment options. This can also be a revolution in the smart home labeling industry. Recently, the company has signed a pact with Amazon for embed replenishment option for the e-commerce giant and it they are planning to introduce the option in 2023
  • In August 2022, All4Labels Global Packaging Group introduced new ‘QR Marketing GmbH’ brand for brand protection and improving customer engagement

SkyQuest has tracked all the latest development related to the smart label market and prepared report. This development will help you understand how the market is changing and what technology are being introduced and developed. The report would also provide complete analysis of technology and its impact on market and existing players.

Speak to Analyst for your custom requirements:

Top Trends in Global Smart Label Market

  • One of the most exciting trends in the smart labelling industry is the increase in transparency within the food supply chain. This means that consumers have access to more information about what they are eating, which is good for their health and the environment. Another trend in the smart labelling industry is the use of QR codes on food packaging. This allows people to scan the code and access additional information, such as ingredients and nutrition facts.
  • Increased adoption of RFID technology in smart label market for tracking and tracing smart labeling products throughout the supply chain.
  • Adoption of Smart Labels by Major Retailers: One of the most important trends in the smart labelling industry is the adoption of labels by major retailers such as Walmart, Kroger, Aldi, and Carrefour. They are gradually introducing these labels in their stores to help consumers make more informed choices about their food.
  • Use of artificial intelligence (AI) to analyze data from smart labels
  • Proliferation of standards and certification in smart labelling:

As the smart label market grows, there is a proliferation of standards and certification bodies that are trying to ensure the quality and accuracy of their products. This has led to the development of more specific and intensive requirements for products labelled as smart, such as the need for biometric data to be verified or for labeling to be compliant with certain regulations.

Top Players in Global Smart Label Market

  • Avery Dennison Corporation (US)
  • Advantech Co., Ltd. (Japan)
  • Checkpoint Systems, Inc. (US)
  • Alien Technology, Inc. (US)
  • CCL Industries Inc. (US)
  • Multi-Color Corporation (US)
  • Invengo Technology Pte. Ltd. (China)
  • Mühlbauer Group (Germany)
  • Thin Film Electronics ASA (US)
  • Sato Holdings Corporation (Japan)
  • Zebra Technologies Corporation (US)
  • Smartrac N.V. (EU)

Related Reports in SkyQuest’s Library:

Global Education Technology Market

Global Mobile Security Market

Global Sales Intelligence Market

Global Fraud Detection And Prevention Market

Global Software Defined Data Center Market

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Artificial Intelligence

oToBrite Unveils Automotive-Grade 5MP/8MP Camera Modules to Meet Soaring Demand for High-Level ADAS/Autonomous Driving




HSINCHU, Sept. 28, 2023 /PRNewswire/ — oToBrite, a prominent provider of Vision-AI ADAS/AD solutions, has unveiled its latest offering in response to the surging demand for high-level Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) applications. With the need for enhanced perception technology, particularly for heavy commercial vehicles, as the heavier the vehicle is, the longer it will take to stop, oToBrite has successfully introduced automotive-grade 5MP/8MP camera modules. These cutting-edge modules can improve the visibility and perception capabilities of ADAS/AD systems, and have been adopted among clients in North America.

oToBrite has been a leading tier-1 player for vision-AI ADAS/AD solution in the automotive industry, leveraging its full-stack capabilities spanning camera module production technology, edge-computing system design, and vision-AI model development. The company offers flexible business model and comprehensive vision-AI technology stack, enabling it to provide system solutions, camera modules, or AI IP licensing to cater to diverse customer requirements. Its automotive-grade camera modules have already garnered the trust of prominent clients and entered the supply chain of car OEMs such as Luxgen, SONY, Toyota, XPENG, etc. with over 1 million automotive-grade camera modules deployed. To learn more about oToBrite’s offerings, please visit
The newly launched 5MP/8MP camera modules from oToBrite feature high-sensitivity CMOS sensors. oToBrite’s 5MP camera module series is equipped with Sony IMX490 Sensor and has multiple viewing angles, including 30°, 60°, 90°, and 120°. The 8MP camera module series employs Sony IMX728 sensors and also offers various viewing angles. Both 5MP and 8MP series are equipped with GMSL2 interfaces and tested with waterproof and dustproof standards of IP67/69K. They can operate within a temperature range of -40°C to +85°C, ensuring the utmost reliability and stability for customers.
oToBrite holds a distinct advantage in camera production technology, with 1K class clean room factory certified with IATF16949 and endorsed by several leading car OEMs. Additionally, the in-house developed 5/6-axis active alignment machine for high-end camera modules exhibits the capability to manufacture over 60 SKU variants of camera modules.
About oToBrite
oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949 certified clean room factory and several years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithm, ECU/domain controller and automotive-grade/special purpose camera products.
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Artificial Intelligence

CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities




Time for action is now: Customer expectations for servitization already exist (61%) and projected to increase (70%) in the next three years, in terms of value, service and reliability.
LONDON, Sept. 28, 2023 /PRNewswire/ — IFS, the global cloud enterprise software company, has shared the latest findings of its recent global research polling 2,000 senior decision-makers – VP and above – in France, Germany, Japan, Nordics, UK, USA and the UAE –across Manufacturing, Services, Telecoms, Energy & Resources, Construction & Engineering, and A&D industries. In its last overview, the company highlighted the overarching dependence on AI to create and accelerate business value from servitization.  

The survey points to specific executives as drivers or enablers to successfully make the shift and align the organization behind it. The survey highlights the CFO (21%) behind the CEO (35%) as the guardian of business resilience, financial health and as the purse string holder for technology investments. CFOs recognize that the move to servitization is essential in providing predictability in revenues, expenditure and third-party costs, and are aligning themselves to becoming stewards of identifying cross-business strategies that will build competitive advantage. 
At the heart of the business case for servitization, the CFO is focused on three elements: Faster and more cost-efficient time to market, visibility and predictability into revenues and CAPEX, accelerating organization alignment across people, processes and technology, to support not only the processes but also to provide the insights required to assess and optimize as they go within their business and intra-company.  
CFOs exhibit the greatest urgency in implementing a servitized model out of all C-level respondents (CIOs, CHROs and CTOs), with (32%) prioritizing adoption within the next 18 months. This implies change is not only necessary but will deliver business benefits, with progress and success measured by a fully servitized P&L. CFOs are also most likely (26%) to say their role is the one driving the shift within the organization, as they understand how technology capabilities will reach deep into their organization and enable it to become more technology-driven with regards to the design and delivery of products and services: Product R&D (34%) and service R&D (32%) are two areas CFOs prioritized when looking at servitized business processes.  
The priority outcome CFOs want to achieve from servitization is enhancing insight-driven decision-making capabilities (32%) – pointing to why AI is their #1 essential technology choice (49%) as it will fuel faster, more accurate and more data-led inputs into the strategic choices that impact the bottom line.   
Technology as a revenue growth enhancer makes wise fiscal sense. For example, EAM is a must-have for servitization success (34%)– assets that are predictively maintained will last longer, have less downtime and result in less expenditure. FSM (40%) maximizes profitable revenue streams and enables significant cost savings across the service lifecycle through optimized workforce scheduling and planning. Similarly, the wealth of connected asset data that can be harnessed through the application of automation, ML, IoT, end-to-end connectivity – all CFO “must-implements” – explain why CFOs have emerged as such strong proponents of technology and servitization.   
The CFO’s confidence about the organizational readiness is high at (42%) indicating they have the processes mapped out and are progressing well in their move to servitization, but still have either organizational impacts on people and processes (23%) or technology needs to overcome, making the CHRO the second most significant executive to drive and enable the transformation. 
CHROs are more cautious about servitization readiness within the organization, being acutely aware that shifting from a product-focused to a service-focused mindset within their organizations is a barrier to implementing servitization (42%). However, CHROs are in alignment with the CFO on customer expectations for servitization, which are high now, and are set to increase. They also agree that technology is essential to success, with AI their top pick (50%).  
Alex Rumble, SVP of Corporate Communications, Product Marketing, AR, & CI at IFS, commented: “The CFO’s remit has evolved hugely in the last decade away from financial reporting to understanding and influencing business-wide strategies and aiding transformation.” Rumble added, “Our research illustrates this very well and that CFOs not only understand the positive impact of aligning a business behind the customer’s expectations, but also the much broader business value of doing so.” She concluded: “Today CFOs are visionary advocates of change and digital transformation and will help build predictability in revenue and costs, ultimately the holy grail for CFOs but still technology dependent.” 
Together, CFOs and CHROs can partner to be a powerful force to not only accelerate servitization, but also ensure that the whole organization is primed for success. CHROs must act as a secondary catalyst to mobilize cultural change, acting as a bridge between the business and ensuring the communication and implementation of the overall strategy is not siloed to the C-level. 
About IFS 
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build, and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers – at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 5,500 employees every day live our values of agility, trustworthiness, and collaboration in how we support our thousands of customers. Learn more about how our enterprise software solutions can help your business today at 
CONTACT: IFS Press Contacts: EUROPE / MEA / APJ: Adam Gillbe IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi Morgan IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +1 520 396 2155
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CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities

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Artificial Intelligence

Breaking language barriers: thebigword’s AI workflows enhance translation delivery on time to 99% while significantly reducing turnaround times




LEEDS, England, Sept. 27, 2023 /PRNewswire/ — thebigword, a leading provider of language solutions, is proud to announce an improvement in its on-time delivery performance and significant reduction of turnaround times. This has been made possible through a strategic fusion of human expertise and state-of-the-art AI and Machine Translation technologies.

This exciting achievement reaffirms the company’s commitment to delivering accurate and timely translations to clients worldwide, setting new industry standards.
With the ever-growing demand for rapid and high-quality translations, thebigword has taken numerous steps, including the ability to create and implement self-driving AI workflows, to ensure their clients are receiving the highest quality of translation and customer service.
Through the enhanced integration of AI and Machine Translation solutions into its translation workflows, thebigword has achieved remarkable outcomes, such as the significant reduction in turnaround times and this notable increase in on-time deliveries. With 99% of translation projects across various languages and industries delivered on time to clients, with shorter turnaround times.
thebigword’s collaborative approach leverages the strengths of their human translators with the power of AI technologies to allow for faster translation turnaround times, while maintaining the highest levels of accuracy. Their technology platform also enables quick resource allocation, ensuring that translation projects are assigned, executed and delivered quickly to reduce delivery times.
Joshua Gould, Chief Executive Officer of thebigword Group said: “thebigword is delivering a very human service with the utilisation of next-generation AI. These innovations represent an ongoing effort to enhance the overall client experience through our ability to deliver accurate, high-speed translations at an affordable price for any budget.”
Mark Daley, Global Managing Director of thebigword Translation said: “thebigword understands how crucial timely delivery of accurate translations are for the global success of our clients, and some of the latest technological integrations we have enabled have allowed us to achieve an impressive 99% as well as faster turnaround times.”
As thebigword celebrates this achievement, it looks forward to building on its success with other translation milestones and continuing to provide high-quality translation services – further enabling its mission of eradicating the final barrier of global communication.
About thebigword:
As one of the largest language service providers globally, thebigword utilises the greatest minds and boundary-shattering technology to deliver phenomenal quality at scale to both our clients and linguist network.
thebigword provides the best translation, interpretation, localisation and language technology solutions for businesses, the public sector and individuals – handling up to 50,000 worldwide assignments every day.
For more information about thebigword’s innovative AI and Machine Translation solutions, please visit
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For media enquiries, please contact:Lauren HockneyGlobal Head of [email protected]

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