The global RFID Tags for Livestock Management Market was valued at USD 1.35 billion in 2021 and is expected to reach the value of USD 1.53 billion by 2029, growing with a CAGR of 1.60% during the forecast period of 2022-2029.

RFID Tags for Livestock Management Market Overview:

RFID tags for livestock management enable people to accurately measure and track the movement of livestock. It can also identify livestock in forests or fields and track them in real time. These tags are essentially a technology that collects data from small GPS tags carried by sheep, cattle and other animals. It is widely used in slaughterhouse management, hatcheries, poultry farms, and is used by government agencies to track all kinds of pets and stray animals. RFID tags enable farmers to improve breeding control, increase traceability, enhance conservation efforts and collect data on every animal in their herd.

RFID Tags for Livestock Management market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global RFID Tags for Livestock Management market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

The global RFID Tags for Livestock Management market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.

Significant RFID Tags for Livestock Management Market Dynamics and Growth Factors:

Increase government support to encourage farmers
Increasing government support to encourage farmers to adopt smart farming practices to increase agricultural production is an important factor driving the growth of the global RFID tags in the livestock management market. Many governments require the use of RFID tags on cattle and other animals in order to identify and track specific animals. Furthermore, increasing adoption of livestock management automation and government regulations governing the transition to RFID tags and animal welfare are expected to drive the global (RFID) tags in the livestock management market forward.

Rise of smart farming trend aiding the growth of the market
Smart farming is a trend that uses smart solutions such as RFID readers, RFID tags, and RFID middleware to wirelessly collect livestock data from the field, such as location changes, weight, handling codes, and expected farrowing times. These advancements are aiding in the growth of the Livestock Management Market Global (RFID) Tags.

Industry News and Key Developments

• In 2020, Alien Technology, LLC., an industry-leading RFID technology company, partnered with Digital China to strategically integrate the strengths of both companies to drive RFID sales by selling products and solutions to clients based in China.
• In 2019, HID Global Corporation, a world leader in trusted identity solutions, announced its agreement to acquire LUX-Ident, a leading provider of radio frequency identification (RFID) components. This acquisition aims to strengthen RFID technology and expand its leadership in the market.
  
• In February 2022, with a frequency range of 860 to 960 MHz. The reader can read UHF RFID Ear Tags such as the UM301, UM401, US201, UF301, and other UHF ear tags.
• In July 2021. (LIC). LICA is a market leader in dairy automation and technology. MSD Animal Health expects this acquisition to broaden its product portfolio and help shape the future of animal health.
• In June 2021 to accelerate and strengthen its livestock performance monitoring capabilities. With this acquisition, the company was able to assist its customers in making more informed decisions and achieve measurable results.

Top Key Players include in the RFID Tags for Livestock Management Market are
Alien Technology, Confidex Ltd, HID Global Corporation, Honeywell international Inc., Omni-ID Ltd (U.S.), Impinj, Inc., Invengo Information Technology Co. Ltd, Smartrac N.V., The Tag Factory, and others.

The RFID Tags for Livestock Management market research report is categorized based on type, applications and region.

On the Basis of Type:

• Active
• Passive

On the Basis of Application:

• Sheep
• Cows
• Poultry
• others

By Sales Channel

• Manufacturer/Distributor/Service Provider
• Aftermarket

On the Basis of Region:

Geographically, the global RFID Tags for Livestock Management market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global RFID Tags for Livestock Management region is dominating this market in the upcoming future.

The Europe region is projected to grow at a faster CAGR during the forecast period. Increasing number of livestock farming units and smart farming solutions to facilitate agricultural production are expected to drive market growth. Several government initiatives mandating the use of RFID tags to track and identify specific animals are driving the growth of RFID tags in the European livestock management market.

Further the regions are divided into countries as follows

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

RFID Tags for Livestock Management Market report scope

Report Attributes	Details
Growth Rate	CAGR of 1.60% during the forecast period.
By Type	Active, Passive
By Application	Sheep, Cows, Poultry and others
By Companies	Alien Technology, Confidex Ltd, HID Global Corporation, Honeywell international Inc., Omni-ID Ltd (U.S.), Impinj, Inc., Invengo Information Technology Co. Ltd, Smartrac N.V., The Tag Factory
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

 

The major key questions addressed through this innovative research report:

What are the major challenges in front of the global RFID Tags for Livestock Management market?

Who are the key vendors of the global RFID Tags for Livestock Management market?

What are the leading key industries of the global RFID Tags for Livestock Management market?

Which factors are responsible for driving the global RFID Tags for Livestock Management market?

What are the key outcomes of SWOT and Porter’s five analysis?

What are the major key strategies for enhancing global opportunities?

What are the different effective sales patterns?

What will be the global market size in the forecast period?

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