The Global Cold Chain RFID Market Report for 2024 offers insights into the market’s size, segmented by type (tags, readers, other hardware devices, software, and services) and application (food and beverages, pharmaceuticals/biomedical). In 2023, the market size was disclosed, with a projected compound annual growth rate (CAGR) from 2024 to 2031.
The report provides both qualitative and quantitative data, including market drivers, restraints, current trends, and opportunities. Factors driving industry growth include increased demand for cold chain RFID solutions, while restraints such as government regulations and supply chain disruptions may hinder growth. Opportunities lie in new market entrants and unmet needs.
Key players in the market include GAO RFID Inc., Alien Technology, Impinj Inc., and others, focusing on strategies to enhance product portfolios and expand globally. The report discusses strategies to overcome the impact of COVID-19.
Segment analysis delves into types of cold chain RFID, such as tags, readers, hardware devices, software, and services, estimating market size from 2018 to 2030. Application analysis covers food and beverages, and pharmaceuticals/biomedical, forecasting revenue growth and trends from 2018 to 2030.
Regional analysis divides the market into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, examining revenue share and current trends.
The report aims to assist businesses in making informed decisions by providing insights into market dynamics, competitive landscapes, and prospects. It also includes customer sentiment analysis, competitor analysis, and various other analyses to aid decision-making.
The report concludes that the cold chain RFID market is witnessing significant growth, particularly in the tags segment. The food and beverages sector are expected to maintain substantial growth throughout the forecast period.