Demand for Smart Labels and Tags for Food Safety Products Expected to Grow by 2016

Demand for food safety products in the U.S. is forecast to increase 7.3 percent annually to $4.5 billion in 2016, a result of increased public awareness following recent highly publicised multistate outbreaks of foodborne illnesses and the need to comply with provisions of the landmark Food Safety Modernization Act.

Smart labels and tags, and software and tracking systems are expected to experience the fastest gains, reflecting a heightened emphasis on traceability in the food supply chain. Smart label and tag demand will be boosted by traceability advantages along with expanded usage in food packaging to reduce losses in perishable foods.