DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Cold Chain RFID Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The growth of the global cold chain radio frequency identification (RFID) market is driven by the government mandates for pharmaceutical delivery traceability, along with increasing focus on food safety in the developed countries of North America and Europe. However, the high installation and maintenance cost, along with complicated technology of RFID is hindering the growth of the RFID in cold chain market in the developing countries. RFID is used for complete tracking of goods and its temperature, during the entire supply chain process of the products. The lack of global standards, along with troubleshooting issues is hindering its wide scale adoption in cold chain.
Over the past few years, the emphasis on effective monitoring of the temperature sensitive products in cold chain has increased significantly, owing to the growth of organized food and beverages retail in developing countries. The increasing consumption of chilled and frozen goods in developing countries is expected to lay new market opportunities for cold chain RFID providers during the forecast period. The increased outsourcing of temperature-sensitive pharmaceuticals production, from developing countries has also boosted the growth of the cold chain RFID market in developing countries.
North America accounted for the largest market of RFID in cold chain in 2015. The stringent government mandates, along with increased global trade of pharmaceuticals and food products have led to their market dominance. Europe has been the second largest market of RFID in cold chain, owing the open border cold chain logistics among the EU countries.
Companies Mentioned:
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Alien Technology Corporation
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Check Point System Inc.
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Impinj Inc.
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Nedap N.V.
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Rfid 4U (Esmart Source, Inc.)
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Invengo Technology Pte. Ltd.
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Gao Rfid Inc.
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Avery Dennison Corporation
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Sato Holdings Corporation
Key Topics Covered:
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Cold Chain Rfid Market Size And Forecast (2012-2022)
5. Global Cold Chain Rfid Market, By Geography
6. Competitive Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/tspj6z/global_cold_chain
