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Global Cold Chain RFID Market Growth Till 2022 .pdf


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Global Cold Chain RFID Market Size, Share,
Development, Growth and Demand Forecast to 2022
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.

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.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/marketanalysis/rfid-in-cold-chain-market
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.
The technical advancement in RFID, such as fusions of sensors has extended its
application in cold chain logistics services. The advanced RFID with sensors can
trace the temperature of the product though out its storage and logistic period.
RFID used in cold chain includes sensors, RFID tag and RFID readers. The RFID
tags are expected to be the fastest growing segment in the global cold chain RFID
market during the forecast period.
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Research

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Here:

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Asia-Pacific accounted for the largest cold chain capacity (in terms of volume) in
2015. Despite this, the cold chain RFID market in the region is fairly low, as
compared to North America and Europe. Large parts of cold chain RFID
deployment in developing countries are in empirical phase. Most of the cold chain
service provider in these developing countries deploys RFID to fulfill retailers’
requests and achieve food safety regulations. However with low profit margin, the
cold chain vendors in developing countries are finding hard to generate return on
investment, and hence the adoption of cold chain RFID was below its potential
during 2012-2015.
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.
About P&S Market Research
P&S Market Research is a market research company, which offers market research
and consulting services for various geographies around the globe. We provide
market research reports, industry forecasting reports, business intelligence, and
research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing
market landscape and accurate forecasting. Our analysts and consultants are
proficient with business intelligence and market analysis, through their interaction
with leading companies of the concerned domain. We help our clients with B2B
market research and assist them in identifying various windows of opportunity,
and framing informed and customized business expansion strategies in different
regions.
Contact:

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Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
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