Spoil Detection Based Smart Label Market is expected to reach 1681.31 Million USD by 2020

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.

PDF sample download:-

Browse 17 market data tables and 27 figures spread through 68 pages and in-depth TOC on “Spoil Detection Based Smart Label Market by Type (Fish, Meat, Vegetables, Dairy Products), and Geography (North America, Europe, APAC, Row) - Global Forecast to 2020”
Early buyers will receive 10% customization on reports.

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.
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.

In this report, the spoil detection-based smart labels market has been segmented by type and geography.

Market by type consists of material on which labels are used.

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.

Make an enquiry:-

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.

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 is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India