RFID tags market for livestock management market to grow by USD 1.18 billion

The RFID tags market for livestock management is poised to grow by USD 1.18 billion during 2020-2024, progressing at a CAGR of almost 13%.

The cattle segment is expected to be the leading segment in the global marke. Increasing adoption of cloud technologies to improve dairy production in livestock units is one of the major trends in the market, as well as regulations regarding animal welfare. However, the high cost of active RFID tags restraints market growth.

Allflex Group, Dalton Tags, Datamars SA, Essen Computers Pvt. Ltd., HID Global Corp., Impinj Inc., Ketchum Manufacturing Inc., National Band & Tag Co., Omnia Technologies Pvt. Ltd., and SafeTag. are some of the major market participants.