Industry Background:
The rising concern related to food safety will help to boost the global Packaged Food Traceability market. Packaged Traceability is the ability to track anyPackaged food through all stages of production, processing, and distribution. The emergence of innovative food traceability technologies is one of the key factors anticipated to encourage the growth of the global Packaged food traceability market in the next few years. Food traceability is related to the tracking and monitoring of food products being in transit to reach its potential customer or retailer. Technology used in this process traces the exact location, thus, preventing mixing of contaminated or discarded food with the consumable food.
This growth is primarily driven by Traces Contamination and Assists Product Recall and High Adoption due to Cost Reduction of Food Traceability.
Globally, a noticeable market trend is evident The Upsurging Consumer Concern for Food Safety
. The Specialized Consumer Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Honeywell International Inc. (United States), C.H. Robinson Worldwide, Inc. (United States), DuPont (United States), Cognex Corporation (United States), SGS S.A. (Switzerland), E. I. Du Pont de Nemours and Company (DuPont) (United States), International Business Machines Corporation (United States), Motorola Solutions, Inc. (United States) and Zebra Technologies Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Traces Contamination and Assists Product Recall
- High Adoption due to Cost Reduction of Food Traceability
Market Trend
- The Upsurging Consumer Concern for Food Safety
- Legislative framework and certifications & standardizations
Restraints
- The Concern Related to Privacy in Data Sharing
Opportunities
Fuelling Demand in Emerging Economies
Challenges
Increasing Issues Difficulty in Data Collection and Accuracy of Information
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Packaged Food Traceability Study Sheds Light on
The Packaged Food Traceability Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Packaged Food Traceability industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Packaged Food Traceability industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.