Smart Food Label Market Size

Smart Food Label Market size is poised to grow at substantial growth rate during the forecast period i.e., between 2024-2036.

The global smart food label market is anticipated to grow on the back of increasing demand for perishable food products amongst consumers around the world, along with the rising deployment of advanced technologies in the retail sector that promotes safe and hygienic packaging of foods. Recently, upon the outbreak of the novel coronavirus pandemic around the world, it has been observed that there is a sudden surge in the purchase of consumer-packaged foods, as these packaged perishable foods can be preserved for a longer period of time. The demand for canned goods also has also grown massively as consumers started panic buying amidst fear of lockdown in several nations that also raised the concern for the unavailability of food amongst individuals around the globe. Such factors are anticipated to raise the demand for consumer-packaged goods significantly, raising the need amongst food manufacturers to label food packets in a much more hygienic manner so as to follow the norms of food safety amidst the ongoing disease COVID-19. Additionally, growing IT infrastructure around the world, technological advancements in labeling along with rapid urbanization in several nations around the globe are some of the factors anticipated to promote significantly towards the growth of the global market.