Food Traceability: Technologies and Global Markets
The global market for food traceability technologies should reach $15.1 billion by 2021 from $10.7 billion in 2016 at a compound annual growth rate (CAGR) of 7.1%, from 2016 to 2021.
The barcode technology segment of the global food traceability market is the largest market. The market is expected to grow from $7.8 billion in 2016 to $9.5 billion in 2021 at a CAGR of 4.2% for the period 2016-2021.
The RFID/RTLS technology segment is expected to grow from $2.0 billion in 2016 to $4.3 billion in 2021 at a CAGR of 16.9% for the period 2016-2021.
