Global Food Traceability Market Analysis and Forecast to 2027 with the Potential Impact of COVID-19 - ResearchAndMarkets.com

The "Food Traceability - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis and the looming economic recession, the Food Traceability market worldwide will grow by a projected US$8.9 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 7.9%.

The global analysis and forecast periods covered are 2020-2027 (current & future analysis) and 2012-2019 (historic review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

PDA with GPS, one of the segments analyzed and sized in this study, is forecast to grow at over 5.5% and reach a market size of US$1.8 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The PDA with GPS market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 6.2% CAGR. Within Europe, Germany will add over US$268.3 Million to the region's size over the next 7 to 8 years. In addition, over US$248 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the PDA with GPS segment will reach a market size of US$109.4 Million by the close of the analysis period.

Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Food Traceability market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 12.9% over the next couple of years and add approximately US$2.3 Billion in terms of addressable market opportunity.

Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Food Traceability market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

• Alien Technology Corporation
• Avery Dennison Corporation
• Bar Code Integrators Inc. (BCI)
• Carlisle Technology Inc.
• Cognex Corporation
• Datalogic S.p.A.
• Honeywell International, Inc.
• Impinj, Inc.
• Merit-Trax Technologies Inc.
• SATO Vicinity Pty. Ltd.
• Smartrac N.V.
• Thinfilm
• Zebra Technologies Corporation

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Food Traceability Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 47

For more information about this report visit https://www.researchandmarkets.com/r/yfbs1u

View source version on businesswire.com: https://www.businesswire.com/news/home/20200625005362/en/