Packaged Food Traceability Market 2016 Overview, Trends, Growth and Forecasts
Food traceability systems help to track the goods in inventory, reduce costs, and replenish the stock regularly. The devices help and analyze the demand for an item and forecast its sales. Also, traceability systems are used to collect data about the objects and their movements. Losing such information to competitors or hackers due to insecure systems could pose huge losses and security issues. Hence, the traceability systems have to be properly secured to avoid data theft. The market for traceability readers is largely untapped, providing a tremendous opportunity for vendors. Vendors invest in R&D to offer customers unique, secure, and low-cost traceability systems.
Publisher’s analysts forecast the global packaged food traceability market to grow at a CAGR of over 8% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global packaged food traceability market for 2016-2020. To calculate the market size, the report considers the revenue generated from radio frequency identification (RFID), barcodes, and other platforms used in traceability systems.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Publisher’s report, Global Packaged Food Traceability Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Cognex
- Datalogic
- Honeywell International
- Impinj
- Zebra Technologies
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Other prominent vendors
- Alien Technology
- Avery Dennison
- Bar Code Integrators
- Carlisle Technology
- Merit-Trax Technologies
- SATO VICINITY
- SMARTRAC
- Thinfilm
- Tyco
- Denso
Market driver
- Inefficiencies in supply chain
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Market challenge
- High costs of implementation
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Market trend
- Rapid technological advancements and need to upgrade constantly
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