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Global Packaged Food Traceability Market 2016-2020

Global Packaged Food Traceability Market 2016-2020

About Food Traceability Systems

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.

Technavio’s analysts forecast the global packaged food traceability market to grow at a CAGR of over 8% during the period 2016-2020.

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
Technavio'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
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
  • For a full, detailed list, view our report
Market challenge
  • High costs of implementation
  • For a full, detailed list, view our report
Market trend
  • Rapid technological advancements and need to upgrade constantly
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Packaged Food Traceability Market 2016-2020

Technavio recognizes the following companies as the key players in the global packaged food traceability market: Cognex, Datalogic, Honeywell International, Impinj, and Zebra Technologies.

Other Prominent Vendors in the market are: Alien Technology, Avery Dennison, Bar Code Integrators, Carlisle Technology, Merit-Trax Technologies, SATO VICINITY, SMARTRAC, Thinfilm, Tyco, and Denso.

Commenting on the report, an analyst from Technavio’s team said: “High adoption of UHF RFID tags will be a major trend for market growth. UHF RFID tags are long-range RFID tags that operate at 856 MHz and 960 MHz. They transfer data at a much faster rate than low-frequency and HF RFID tags. Also, UHF tags offer more benefits than lower frequency range RFID tags. They help achieve higher inventory accuracy of over 90% and reduce out-of-stocks by 70%- 80%, thereby increasing overall sales of retailers. UHF tags can be read from a long distance at a much faster rate than HF tags. Because of this, UHF tags are widely adopted for item-level tagging, which is in high demand.”

According to the report, the global population is expected to increase at a rapid pace in the future, which is expected to increase the demand for food products. Based on statistics, in 2015 the number of people suffering from malnutrition or starvation was about 956 million worldwide. Therefore, because of the increase in the global population and the food wastage, the need for efficient cold chains will increase substantially in the future. Therefore, the increased need to reduce the food wastage is one of the key drivers contributing to the growth of the market.

Further, the report states that data privacy and security concerns are major challenges in any organization as devices are connected to the Internet and they use of private and public networks. As critical data are transferred through IoT networks, a highly secured environment needs to be established. Also, IoT network includes multiple devices, which at times may cause interoperability issues.

Companies Mentioned

Cognex, Datalogic, Honeywell International, Impinj, Zebra Technologies, Alien Technology, Avery Dennison, Bar Code Integrators, Carlisle Technology, Merit-Trax Technologies, SATO VICINITY, SMARTRAC, Thinfilm, Tyco, Denso.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Countries covered for market analysis
    • Vendor offerings
      • Table Major vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market size and forecast
      • Table Global food traceability market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end user
    • Global food traceability market by end user
      • Table Global food traceability market by end user 2015-2020 (% revenue)
      • Table YOY growth of segments of global food traceability market by end user 2015-2020 ($ billions)
    • Global frozen food traceability market
      • Table Global frozen food traceability market 2015-2020 ($ billions)
      • Table Global frozen food market 2015-2020 ($ billions)
    • Global fresh food traceability market
      • Table Global fresh food traceability market 2015-2020 ($ billions)
    • Global dairy food traceability market
      • Table Global dairy food traceability market 2015-2020 ($ billions)
    • Global beverages traceability market
      • Table Global beverages traceability market 2015-2020 ($ billions)
      • Table Global consumption of packaged beverages (billion liters)
    • Global packaged food traceability market by other food products
      • Table Global packaged food traceability market by other food products 2015-2020 ($ billions)
  • Market segmentation by technology
    • Market overview
      • Table Segmentation of global food traceability market by technology 2015 (revenue %)
  • Geographical segmentation
    • Global packaged food traceability market by geography
      • Table Market attractiveness by geography
      • Table Global packaged food traceability market by geography 2020 (revenue %)
      • Table Expected world population by 2050 (billions)
      • Table Five forces analysis by geography
      • Table Y-o-Y growth rate of packaged food traceability market by geography 2016-2020 (revenue %)
    • Packaged food traceability market in Americas
      • Table Packaged food traceability market in Americas 2015-2020 ($ billions)
    • Packaged food traceability market in APAC
      • Table Packaged food traceability market in APAC 2015-2020 ($ billions)
    • Packaged food traceability market in EMEA
      • Table Packaged food traceability market in EMEA 2015-2020 ($ billions)
  • Market drivers
    • Table Omni-channel benefits of RFID for customers
    • Table Omni-channel benefits of RFID for food retailers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Recent innovations by companies in global food traceability market
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Cognex
      • Table Cognex: Geographical segmentation by revenue 2015
    • Datalogic
      • Table Datalogic: Business segmentation by revenue 2015
      • Table Datalogic: Geographical segmentation by revenue 2015
    • Honeywell International
      • Table Honeywell International: Business segmentation by revenue 2015
      • Table Honeywell International: Geographical segmentation by revenue by 2015
    • Impinj
      • Table Impinj: Product categories
      • Table Impinj: Geographical segmentation by revenue 2015
    • Zebra Technologies
      • Table Zebra Technologies: Business segmentation by revenue 2015
      • Table Zebra Technologies: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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