According to
a new market research report "Spoil Detection Based Smart
Label Market by Type
(Fish, Meat, Vegetables, Dairy Products), and Geography (North America, Europe,
APAC, Row) - Global Forecast to 2020", The market for
Spoil Detection Based Smart Label is expected to reach USD 1681.31 Million in
2020 at a CAGR of 11.80% for the forecast period 2014-2020.
Spoil
detection-based smart labels can be stuck on packaging or on the surface of
food material to detect its freshness. Spoil detection-based smart labels
monitor various factors of food material such as temperature, moisture, growth
of micro-organism, and many others. Changes in these factors act as stimulus
for these labels. Spoil detection-based smart labels convey the exact degree of
freshness of the food material by changing their texture, color, or even
communicating to system with help of RFID tags. The market size of spoil
detection-based smart labels was USD 860.96 Million in 2014 and is expected to
be USD 1681.31 Million by 2020, at a CAGR of 11.80% between the period 2014 and
2020.
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Spoil
detection-based smart labels can be used in various industries such as
healthcare and pharmaceuticals. The pharmaceutical industry is currently facing
issues such as product recalls or product returns due to overstocking or
expiry. Sensing labels could play a key role in resolving these issues, by
ensuring the authenticity of the products in the industry, thereby improving
the product quality and safety along with reducing the cost. The major items
supplied to the medical industry include surgical instruments, patient
monitoring equipment, blood and drugs, and hospital staff garments. Spoil detection-based
smart labels can monitor and sense the degree of spoilage in these materials.
The market
by geography includes regions North America, Europe, APAC, RoW and Japan. The
Americas and Europe regions are leading geographies because of the larger
presence of industry players and consumer awareness. In addition, Government
agencies such as FDA, FSA, and USDA are framing the policies to encourage the
use of spoil detection-based smart labels in industries such as packaging,
pharmaceuticals and food and beverage.
The dynamics
of spoil detection-based smart label industry are dependent upon various
factors such as regional governing body’s policies, consumer awareness, and
industry players’ offerings. The government policies are crucial and have a
significant impact on spoil detection-based smart label industry. . The
increased consumer preference for hygienic foods is also one of the crucial
driving factors for this industry. The supply chain industry presents
opportunities for spoil detection-based smart label market.
Request Sample Pages of Report:
The report
includes the competitive landscape of spoil detection-based smart label
industry along with company profiles of Invengo Information Technology Co. Ltd.
(China), Muhlbauer Holding Ag (Germany), SATO Holding Corporation (Japan),
Smartrac N.V. (Netherland), Thin Film Electronics ASA (Norway), and Zebra
Technologies (U.S.).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B
research on 30,000 high growth niche opportunities/threats which will impact
70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers
worldwide including 80% of global Fortune 1000 companies as clients. Almost
75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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