The global time temperature indicator labels market is expected to generate approximately USD 125 million by 2025, with a CAGR of approximately 12.3 percent between 2019 and 2025. Pharmaceutical goods are extremely sensitive to temperature and require careful handling. As a result, the pharmaceutical sector places a high value on packaging.
It is possible to use a smart label to display a product’s temperature history using a time temperature indicator (or TTI). Non-reversible temperature labels feature timed temperature indicator labels. When the trigger temperature is touched, a chemical transition occurs that is irreversible and must be checked multiple times. This tells the user how long the label was exposed to a high temperature that it shouldn’t have been. Cold chain shipping businesses can monitor the temperature of perishable cargo using these labels. These signs are used a lot in the food and pharmaceutical industries when things have been heated up.
According to the report, the global and regional markets for time-temperature indicator labels are examined. Based on volume (units) and revenue forecasts from 2019 to 2025, the study gives historical data for 2016, 2017, and 2018. (USD Million). When it comes to the time temperature indicator labels market, there are a number of factors that influence demand, including drivers and restraints. In addition, the paper examines the global market for time-temperature indicator labels and the potential for growth.
Temperature-controlled, quality-assured active and passive packaging solutions have benefited greatly from the use of TTI labels, which allow healthcare practitioners and patients to monitor humidity levels. In this way, contaminated and useless medications are consumed to a minimum. Due to the COVID-19 outbreak and the soaring demand for vaccinations connected with it, lucrative opportunities have arisen. Adoption rates will continue to rise as long as these conditions remain in place.
A competitive landscape and Porter’s Five Forces model for the time temperature indicator labels market have been included in this study to provide readers with a complete picture of the industry as a whole. It includes a market attractiveness analysis, where each category is ranked according to its market size, growth rate, and overall attractiveness.
An in-depth look at the major market players is provided by this study’s examination of company market shares. Also covered are acquisitions and mergers, new product launches, agreements, collaborations and joint ventures, research and development, and regional expansion of important participants in the global and regional industry. It also examines regional price trends and the product portfolios of various companies.
Time temperature indicator labels are segmented by product type, label information, end-user, and geography in this research, which provides a clear picture of the market. The market is predicted from 2019 to 2025 based on an analysis of current and future trends in each of the segments. The historical and future demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa is included in the regional segmentation. It includes the demand for time temperature indicator labels in all regions and major countries, including the United Kingdom (UK), Germany (Germany), France (France), the United States (USA), India (India), and China (China).
Some major players in the global time temperature indicator labels market are 3M, Thin Film Electronics ASA, Freshpoint Quality Assurance Ltd., NiGK Corporation, LCR Hallcrest, LLC, Biosynergy, Inc., Temptime Corporation, Delta Trak, Inc., and CCL Industries Inc., among others.
Applications in the Food and Beverage Supply Chain Are Gaining Popularity.
Temperature regulation is a critical issue in cold supply chains for food and beverage logistics. TTI labels are used in the food and beverage processing and packaging industries to show information about the quality of a product from the time it is made to the time it is sold, including information about how long and how much it changes in time and temperature.
Time and temperature labels have become necessary because of the physical, chemical, enzymatic, and microbiological signs of food degradation. There has been a lot of progress in the logistics of wine and seafood in developing countries over the last few years, and this is expected to keep going for a while.