Spoil detection smart labels detect exact freshness of food material. The applications of spoil detection-based smart labels are present in chemical, pharmaceuticals, medical, and food and beverage industry. Smart label technology in supply chain management provides visibility and traceability of spoilage of food, which can indirectly help vendors to manage their inventories. These solutions are expected to offer new opportunities for this industry as there are multiple touch points where contaminants may enter food products – at the packing plant, during transportation, or even in a refrigerator. As a result, to monitor spoilage of food material, spoil detection-based smart labels are an ideal choice.
Spoil detection-based smart labels detect the exact freshness of material when they are applied on products, by measuring changes in pH value, temperature, moisture, and others.
Food materials such as fish, meat, and vegetables are expected to contribute heavily in the spoil detection-based smart label market. Various government agencies, consortiums, and private agencies are making collaborative efforts in order to improve the awareness and efficiency of these products and are framing policies to monitor the freshness of food material. In the overall dynamics of the market, government policies are a significant driving force and policies and regulations adopted by the governments would act as a driving factor for this market.
Moreover, increased customer preferences for hygiene of food material and supportive government norms, and growth in packaged food material are also expected to drive this market in the next few years. Additionally various developed economies have framed strict regulations to minimize food wastage. Thus, in order to trace the spoilage of food material; spoil detection-based smart label is an ideal choice…
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In the current market scenario to explore opportunities in the applications of spoil detection-based smart label market, various companies are forming consortiums to distribute operation cost and reap benefits of each other’s competencies. Supply chain management industry is expected to be key target industry for spoil detection-based smart label market. This industry is expected to be hot target for spoil detection-based smart label industry because of the wide reach of the industry across verticals such as pharmaceuticals, and food and beverage.
North America is the highest contributor in the spoil detection-based smart label market. However, APAC region is expected to contribute considerably in this market in the next few years due to increased awareness among the end users.