Global Spoil Detection Based Smart Label Market was valued US$ 1.0 Bn in 2017 and is expected to reach US$ 3.21 Bn by 2026 at a CAGR of 15.69 % during the forecast period.
The global market for spoil detection-based smart labels is rapidly growing and is expected to witness robust growth during the forecast period 2018-2026. Spoil detection-based smart labels detect the exact freshness of products and help the entire process of monitoring the product spoilage in real time. They also help to monitor and measure the factors like temperature, pH, moisture, and microbial growth to mention the basic ones. This strong attribute is an important factor influencing the overall growth of the market.
There are various factors present in the market which are driving or restraining the growth of spoil detection based smart labels. The ability of runtime detection of the degree of freshness of food material and increased customer preference for the hygiene of food material is driving the spoil detection-based smart label industry. However, the lack of uniform standards and form factor of the label are hindering the growth of this market. Spoil detection-based smart label market has opportunities in supply chain management of food and pharmaceutical industry. In addition, integration of sensors in these labels can improve the market penetration of spoil detection based smart labels in various industry verticals such as healthcare, automotive and chemical.
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The time-temperature indicator segment holds the largest market share of overall spoil detection base smart label market and is projected to remain leading over the forecast period of 2018 to 2026. Though, the drift of assimilating sensors such as RFID with spoil detection based smart labels is likely to be introduced in the market in the coming years. This integration will lead to the usage of spoil detection based smart labels in supply chain management, to manage the distribution and supply of food materials.
North America is projected to hold the largest market share during the forecast period, which is then followed by Europe and the Asia Pacific excluding Japan. This is because of increasing customer liking for hygienic food material and supportive customs by the Food and Drug Administration (FDA) and the U.S. Department of Agriculture (USDA) to reduce the wastage of food due to contamination of food material during distribution is expected to the increasing market in North America, and it is estimated to grow at the highest CAGR. The Asia Pacific excluding Japan is projected to witness significant growth opportunity over the forecast period. During the forecast period, increasing demand for packaged food products and rising consumer awareness about packaged food safety are likely to dramatically reinforce the growth of spoil detection based smart labels in the APEJ region.
The changing aspects of spoil detection-based smart label industry are dependent upon various factors like regional governing body’s policies, consumer awareness, and industry players’ offerings. The government policies are essential 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 offerings opportunities for spoil detection-based smart label market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, service, components, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the spoil detection based smart label market.
The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Scope of Global Spoil Detection Based Smart Label Market
Global Spoil Detection Based Smart Label Market, By Type
• Time-Temperature Indicator
• Oxygen Indicator
• Carbon-Dioxide Indicator
Global Spoil Detection Based Smart Label Market, By Application
• Fish
• Meat
• Vegetables
• Dairy Products
• Processed Foods
• Others
Global Spoil Detection Based Smart Label Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Spoil Detection Based Smart Label Market
• Thinfilm Electronics ASA
• SATO Holding AG.
• Zebra Technologies
• Invengo Information Technologies Co. Ltd.
• Smartrac N.V.
• Muhlbauer Holdings AG & Co.
MAJOR TOC OF THE REPORT
Chapter One: Spoil Detection Based Smart Label Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Spoil Detection Based Smart Label Market Competition, by Players
Chapter Four: Global Spoil Detection Based Smart Label Market Size by Regions
Chapter Five: North America Spoil Detection Based Smart Label Revenue by Countries
Chapter Six: Europe Spoil Detection Based Smart Label Revenue by Countries
Chapter Seven: Asia-Pacific Spoil Detection Based Smart Label Revenue by Countries
Chapter Eight: South America Spoil Detection Based Smart Label Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Spoil Detection Based Smart Label by Countries
Chapter Ten: Global Spoil Detection Based Smart Label Market Segment by Type
Chapter Eleven: Global Spoil Detection Based Smart Label Market Segment by Application
Chapter Twelve: Global Spoil Detection Based Smart Label Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Spoil Detection Based Smart Label Market Report at: https://www.maximizemarketresearch.com/market-report/global-spoil-detection-based-smart-label-market/30800/
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