Rfid Tags For Agricultural Application Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0091018
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.86 |
Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries
Download Sample PdfReport Overview
The RFID Tags for Agricultural Application Market size is estimated to grow at a CAGR of 8.45% between 2022 and 2032. The market size is forecast to increase by USD 1,567.32 million. The growth of the market depends on several factors, including the increasing need for efficient farm management, rising adoption of precision agriculture techniques, and the growing demand for traceability and quality control in the agricultural sector. RFID tags for agricultural applications refer to radio frequency identification tags that are used in farming operations to track and monitor various aspects such as livestock, crops, equipment, and inventory.
RFID Tags for Agricultural Application Market Overview:
Drivers:
One of the key factors driving the RFID tags for agricultural application market growth is the increasing need for efficient farm management. With the growing complexity of modern farming operations, farmers are seeking advanced technologies to streamline their processes and improve productivity. RFID tags provide real-time data collection and automation capabilities, enabling farmers to track and manage their assets more effectively. These tags can be attached to livestock for identification and monitoring, attached to equipment for maintenance and inventory management, and attached to crops for traceability and quality control.
Moreover, the adoption of precision agriculture techniques is also driving the market growth. Precision agriculture involves the use of technology to optimize farming practices and maximize yields. RFID tags play a crucial role in precision agriculture by providing accurate and timely data on crop growth, soil conditions, and environmental factors. This data can be used to make informed decisions regarding irrigation, fertilization, pest control, and harvesting, leading to improved efficiency and resource utilization in agriculture.
Trends:
A key trend shaping the RFID tags for agricultural application market is the integration of sensor technology. Manufacturers are incorporating sensors such as temperature sensors, humidity sensors, and GPS sensors into RFID tags, enabling farmers to gather additional data about their assets and environment. For example, RFID tags with temperature sensors can monitor the temperature of perishable goods during transportation and storage, ensuring optimal conditions for quality preservation. This integration of sensor technology enhances the functionality and value proposition of RFID tags in agricultural applications.
Furthermore, there is a growing demand for traceability and quality control in the agricultural sector. Consumers are increasingly concerned about the origin and quality of the food they consume, driving the need for transparent and accountable supply chains. RFID tags enable farmers to track and trace their products from farm to fork, providing accurate information about the production process, storage conditions, and handling practices. This enhances food safety, reduces waste, and builds consumer trust in agricultural products.
Restraints:
One of the key challenges hindering the RFID tags for agricultural application market growth is the high initial cost of implementation. RFID technology requires infrastructure setup, including readers, antennas, and software systems, which can be costly for small-scale farmers. Additionally, there may be resistance to change and a lack of awareness about the benefits of RFID technology in the agricultural sector. Overcoming these barriers and educating farmers about the long-term cost savings and operational efficiencies offered by RFID tags will be crucial for market growth.
RFID Tags for Agricultural Application Market Segmentation By Application:
The livestock management segment is estimated to witness significant growth during the forecast period. RFID tags play a vital role in livestock management by providing unique identification for animals, enabling farmers to track their health, location, and movement. These tags can be attached to animals' ears or collars and can store information such as vaccination records, breeding history, and feeding schedules. RFID technology improves animal welfare, facilitates disease control, and enhances operational efficiency in livestock farming.
The crop management segment is also expected to contribute to the market growth. RFID tags can be attached to crops or plant containers to monitor growth parameters, track inventory, and optimize harvesting processes. These tags enable farmers to collect data on crop health, water and nutrient levels, and environmental conditions, allowing for precise decision-making and resource allocation in crop management.
RFID Tags for Agricultural Application Market Segmentation By Type:
The passive RFID tags segment is expected to dominate the market during the forecast period. Passive RFID tags do not require a power source and are activated by the radio frequency signals emitted by RFID readers. They are cost-effective, lightweight, and suitable for a wide range of agricultural applications. Passive RFID tags are commonly used for livestock identification, inventory management, and supply chain tracking in the agricultural sector.
Regional Overview:
Download the report summary now!
Request pdf Sample
North America is estimated to contribute significantly to the growth of the global RFID tags for agricultural application market during the forecast period. The region has a high adoption rate of advanced farming technologies and a strong focus on precision agriculture. The presence of key market players, favorable government initiatives, and the need for efficient farm management drive the demand for RFID tags in North America.
Europe is also expected to witness substantial growth in the RFID tags for agricultural application market. The region has a well-established agricultural sector and strict regulations regarding food safety and traceability. The increasing demand for organic and locally sourced products, coupled with the need for transparent supply chains, fuels the adoption of RFID tags in European agriculture.
RFID Tags for Agricultural Application Market Customer Landscape:
The RFID tags for agricultural application market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major RFID Tags for Agricultural Application Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the RFID tags for agricultural application market include:
- Alien Technology LLC
- Avery Dennison Corporation
- CCL Industries Inc.
- HID Global Corporation
- Impinj, Inc.
- NXP Semiconductors N.V.
- Smartrac N.V.
- Zebra Technologies Corporation
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The RFID tags for agricultural application market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Livestock Management
o Crop Management
o Equipment and Inventory Management
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Passive RFID Tags
o Active RFID Tags
o Semi-passive RFID Tags
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL RFID Tags for Agricultural Application MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. RFID Tags for Agricultural Application MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. RFID Tags for Agricultural Application Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change RFID Tags for Agricultural Application MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Active
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Passive
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Millio
Chapter 6. RFID Tags for Agricultural Application MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Animals
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Food
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. RFID Tags for Agricultural Application MARKET REGIONAL OUTLOOK
7.1. RFID Tags for Agricultural Application Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America RFID Tags for Agricultural Application Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America RFID Tags for Agricultural Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America RFID Tags for Agricultural Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America RFID Tags for Agricultural Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S RFID Tags for Agricultural Application Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. RFID Tags for Agricultural Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. RFID Tags for Agricultural Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. RFID Tags for Agricultural Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada RFID Tags for Agricultural Application Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada RFID Tags for Agricultural Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.6.3. France RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K RFID Tags for Agricultural Application
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America RFID Tags for Agricultural Application Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America RFID Tags for Agricultural Application Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America RFID Tags for Agricultural Application Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America RFID Tags for Agricultural Application Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America RFID Tags for Agricultural Application Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Alien Technology
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. The Tag Factory
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Honeywell international Inc.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Confidex Ltd
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Smartrac N.V.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. HID Global Corporation
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Invengo Information Technology Co. Ltd
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Omni-ID Ltd (U.S.), Impinj, Inc.
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 . company 9
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
Personalized Business Report Tailored to Your Requirements
- Our expert analysts collaborate directly with you to comprehend your specific needs.
- Get data on regions, segments, competitors, and vendors of your choice.
- Information is presented in alignment with your exact preferences and formatting.
Free Sample Report
"Find new revenue generation opportunities"