Executive Briefings

Food to Become Largest RFID Market by 2017

As a result of government programs and mandates, RFID technology for tracking animals and food has been marching forward throughout various regions of the world. According to "RFID for Animals, Food and Farming 2007-2017," a report published in October by British research and analysis firm IDTechEx, the food market (including the tagging of farm animals and the tracking of fresh produce through the supply chain) will rank as the largest RFID market by 2017.
For farming, food and animals (both livestock and pets), the report forecasts, worldwide sales of RFID tags will rise from $233m in 2007 to $2.93bn in 2017, with livestock and food applications accounting for 90 percent of that total. What's more, it indicates, sales of RFID systems (including tags) used for farming, food and animals will rise from $531m in 2007 worldwide to $6.53bn in 2017.
Source: RFIDJournal, http://www.rfidjournal.com

As a result of government programs and mandates, RFID technology for tracking animals and food has been marching forward throughout various regions of the world. According to "RFID for Animals, Food and Farming 2007-2017," a report published in October by British research and analysis firm IDTechEx, the food market (including the tagging of farm animals and the tracking of fresh produce through the supply chain) will rank as the largest RFID market by 2017.
For farming, food and animals (both livestock and pets), the report forecasts, worldwide sales of RFID tags will rise from $233m in 2007 to $2.93bn in 2017, with livestock and food applications accounting for 90 percent of that total. What's more, it indicates, sales of RFID systems (including tags) used for farming, food and animals will rise from $531m in 2007 worldwide to $6.53bn in 2017.
Source: RFIDJournal, http://www.rfidjournal.com