Press release
Future of the Global Cold-Chain Tuna Radio Frequency Identification (RFID) Display Market: Drivers, Innovations, and Key Forecasts Through 2034
Cold Chain Tuna Radio Frequency Identification RFID Display
Cold-Chain Tuna Radio Frequency Identification (RFID) Display Market Size Growth Forecast: What to Expect by 2025?
The market volume for refrigerated tuna displays utilizing radio frequency identification technology has witnessed swift expansion lately, projected to advance from a valuation of $1.26 billion in 2024 to $1.47 billion the following year, reflecting a robust compounded annual growth rate of 17.2%. This escalation experienced during the past period stems from several factors, most notably escalating consumer and industry needs for tracking seafood origins, greater consumption of tuna across both retail and food service sectors, tighter governmental oversight concerning food safety mandates, the expansion of temperature-controlled logistics networks, and a heightened requirement for instantaneous tracking data integrated with distributed ledger technologies.
How Will the Cold-Chain Tuna Radio Frequency Identification (RFID) Display Market Size Evolve and Grow by 2029?
Anticipation is high for substantial expansion within the market for cold-chain tuna radio frequency identification (RFID) displays over the coming years, projecting an escalation to a value of $2.75 billion by 2029, fueled by a compound annual growth rate (CAGR) of 16.9%. This projected surge throughout the forecast duration stems from several key factors: advancements in digitalizing supply chains, the increasing integration of internet of things (IoT) supported RFID technologies, stricter governmental directives concerning seafood tracking, a rising consumer preference for high-quality, verifiable seafood, and heightened consumer interest in the origins and ethical procurement of their food sources. Noteworthy developments shaping this period involve a transition towards utilizing visible RFID displays for constant temperature oversight, broader integration of blockchain technology to ensure tamper-proof traceability documentation, the application of edge analytics and artificial intelligence to anticipate potential spoilage and optimize logistical routes, the proliferation of monitoring services offered under a subscription model, and the development of enhanced analytical services.
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What Drivers Are Propelling the Growth of Cold-Chain Tuna Radio Frequency Identification (RFID) Display Market Forward?
Anticipated growth in tuna consumption is set to boost the cold-chain tuna radio frequency identification (RFID) display market moving ahead, fueled by heightened awareness regarding the nutritional value of tuna-rich in protein and Omega-3s-and its appeal as an accessible, ready-to-eat seafood choice. These RFID display systems operating within cold chains serve to elevate tuna patronage by providing minute-by-minute oversight of temperature, ensuring comprehensive product lineage, and guaranteeing quality assurance across all logistical stages, thereby instilling greater consumer confidence in the safety and freshness of tuna products, which in turn stimulates greater purchasing volumes in both retail outlets and food service operations; reflecting this trend, UK figures from the Marine Stewardship Council (MSC), a non-profit based in the UK, illustrate that between June 2022 and June 2023, consumers across the UK allocated roughly $495 million (£408.5 million) to 61,012 tons of tuna, constituting 10% of the total monetary value and 16% of the total volume of all seafood acquired in national supermarkets, with the MSC further forecasting that certified tuna volume will exceed 25,000 metric tons during the 2023/24 fiscal year, confirming that escalating tuna consumption is a direct impetus for the expansion of the cold-chain tuna RFID display market.The burgeoning e-commerce sector is poised to accelerate the market for cold-chain tuna radio frequency identification (RFID) displays in the coming period, as e-commerce encompasses the online exchange of goods and services via digital channels; this surge is attributable to shoppers increasingly favoring the convenience offered by online platforms, which present broader product selections, better pricing strategies, and home delivery capabilities beyond the reach of conventional brick-and-mortar stores, while cold-chain tuna RFID displays facilitate this growth by allowing for the live tracking of tuna shipments, ensuring peak freshness, minimizing waste, increasing supply chain transparency, and ultimately fostering stronger assurance among consumers purchasing premium seafood online; an illustration of this movement comes from the United States Census Bureau, a federal statistical body in the US, which estimated in February 2024 that total e-commerce revenues for 2023 reached $1,118.7 billion, signifying a 7.6% (±1.2%) uptick from 2022 figures, against a backdrop where overall retail sales only rose by 2.1% (±0.4%) year-over-year, with e-commerce representing 15.4% of all retail transactions in 2023, up from 14.7% the prior year, thus demonstrating that the proliferation of e-commerce is a key driver pushing forward the market for cold-chain tuna RFID displays.The augmentation of cold-chain infrastructure is anticipated to catalyze the growth trajectory of the cold-chain tuna radio frequency identification (RFID) display market going forward, defined as the interconnected system of temperature-controlled environments and logistical mechanisms used to preserve product quality during shipment and storage; this infrastructure expansion is necessitated by the mounting consumer appetite for seafood that is both fresh and frozen, demanding highly effective systems for maintenance of quality from the source to the buyer, and it is here that cold-chain tuna RFID display units are integrated to permit real-time temperature oversight, guarantee thorough product accountability, and maintain quality standards throughout the entire distribution route; for example, data provided by the United States Department of Agriculture (USDA), a US federal agency, in January 2024 indicated that by the close of 2023, the nation possessed 900 refrigerated warehouses, wherein 492 were publicly managed, and the remaining 408 comprised private and semi-private facilities, collectively offering 2.99 billion cubic feet of usable refrigerated capacity, which accounts for 81% of the total gross volume, with 80% of this usable space dedicated to freezing and the remaining 20% to chilling, thereby confirming that the enhancement of cold-chain infrastructure is propelling the cold-chain tuna radio frequency identification (RFID) display market.
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What Are the Key Segments in the Cold-Chain Tuna Radio Frequency Identification (RFID) Display Market?
The cold-chain tuna radio frequency identification (rfid) displaymarket covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Active Radio-Frequency Identification (RFID), Passive Radio-Frequency Identification (RFID)
3) By Application: Fresh Tuna Tracking, Frozen Tuna Monitoring, Inventory Management, Quality Control, Logistics And Distribution
4) By End-User: Seafood Processors, Retailers, Distributors, Logistics Providers, Other End-Users
Subsegments:
1) By Hardware: Radio Frequency Identification (RFID) Readers, Radio Frequency Identification (RFID) Tags, Antennas, Data Loggers
2) By Software: Inventory Management Software, Temperature Monitoring Software, Supply Chain Tracking Software, Analytics And Reporting Software
3) By Services: Installation Services, Maintenance Services, Consulting Services, Training Services
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Who Are the Key Players Shaping the Cold-Chain Tuna Radio Frequency Identification (RFID) Display Market's Competitive Landscape?
Major companies operating in the cold-chain tuna radio frequency identification (RFID) display market are Honeywell International Inc., Avery Dennison Corporation, CCL Industries Inc., Zebra Technologies Corporation, HID Global Corporation, SATO Holdings Corporation, Beontag, Resource Label Group, Impinj Inc., Alien Technology Corporation, GAO RFID Inc., SmartSense, Securitag Assembly Group, RFID4U, CAEN RFID S.r.l., Silent Infotech, Atlas RFID Store, Sensefinity, DreamzCMMS, and Intellistride Solutions Pvt. Ltd.
What Geographic Markets Are Powering Growth in the Cold-Chain Tuna Radio Frequency Identification (RFID) Display Market?
North America was the largest region in the cold-chain tuna radio frequency identification (RFID) display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cold-chain tuna radio frequency identification (RFID) display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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