As
per a new research study by Transparency market Research (TMR), the
global market for food traceability has been registering a remarkable
rise since the last few years. With the rising demand for food
traceability in a number of sectors, such as the packaging,
logistics, storage, handling, and the retail industries, this market
will continue to witness strong growth during the period from 2016 to
2024, states the research report, titled “Food Traceability Market
- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016–2024.”
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1102
The
increasing incidence of product recalls and contamination traces,
together with the advancement in the food traceability technology,
will act as the most prominent factors, driving the growth of the
market for food traceability, globally, over the forecast period,
states the research report.
According
to the research study, the main food traceability technologies used
across the world are barcode, RFID, biometrics, GPS, and infrared.
These technologies have a varied range of applications in several
types of food products at various stages of the food movement.
Currently, the demand for barcode is tremendously high in packaged
foods, whereas, RFID and GPS are utilized extensively for food
movement of live feedstock, states the market report.
The
rising demand for food traceability technologies in emerging
countries, coupled with their legislative framework and the reducing
cost of these technologies, is also expected to boost the global
market for food traceability significantly over the forthcoming
years. However, the increasing concerns over privacy among consumers
regarding data sharing and the additional cost of the maintenance of
traceability systems may hamper the global
food traceability market from growing steadily in the near
future. Apart from this, the inaccuracy of information and data
collection are also expected to limit the adoption of the food
traceability technology in the coming years, reports the market
study.
The
research report also evaluates the competitive landscape of the
global market for food traceability by profiling the key players
operating in this market. Researchers have examined the past
performance and studied the future prospects of each market players
thoroughly in order to define the current market hierarchy. The
leading players operating in this market are concentrating on the
introduction of new and innovative technologies in a bid to sustain
in this highly competitive environment and expand their geographical
reach.
Some of the prominent participants in the worldwide market for food traceability are A2B Tracking Solutions, IBM Corp., Motorola Solutions Inc., Barcoding Inc., Picarro Inc., and Merit-Trax Technologies Inc, states the market study.
No comments:
Post a Comment