Time Temperature Indicator Labels Market, by Product Type (Color-based and Barcode-Based), by Label Information (Critical Temperature Indicator (CTI), Critical Time Temperature Indicators (CTTI), and (TTI)), by End User (Food and Beverages, Pharmaceutical, and Chemicals and Fertilizers), and by Region - Global Forecast to 2025

  • Published On : Jun 2018 |
  • Pages : 250 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Time Temperature Indicator Labels Market

Time temperature indicator is a smart device that collects real-time data related to temperature and time. Premature perishing of food products are the signs of physical, chemical, micro-biological, and enzymatic reactions. Time temperature indicators detect product degradation, which may be caused by internal and external effects, by providing an alert notification. By providing such real-time information, it ensures high quality of products, in turn reducing health risks.

Increasing focus on smart pharmaceutical packaging is among key driving factors for the market growth

Pharmaceutical products are sensitive to temperature and require proper handling and care. Packaging in the pharmaceutical industry is of utmost importance. Inappropriate handling of medicines can result in serious losses and in certain cases can be hazardous for the life of the consumer. Smart pharmaceutical packaging not only involves offering information of tracking and verifying the products contents, but also, verifying if the level of temperatures being maintained throughout the value chain of the product. Therefore, adoption of time temperature indicators is increasing in pharmaceutical packaging. This is expected to aid in growth of the market.

Lack of awareness is one of the major factors hindering the global market growth

Time temperature indicator labels have high application scope in the food and beverage industry. Irrespective of the high scope of these indicators, awareness regarding time temperature products is very low. Use of conventional methods of judging freshness of food items with mere concoction and apparent food quality is still being practiced widely. Industries such as dairy, food, and meat in developed economies such as Europe and North America have started using these labels, whereas in emerging economies such as that in the Asia Pacific, Middle East, and Africa awareness about this technology is significantly low, which is a major restraining factor for growth of the market.

Figure: Global Time Temperature Indicator Labels Market Opportunity Map

time temperature indicator labels market

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018

 Asia Pacific TTI labels market expected to witness highest CAGR over the forecast period (2018–2028)

The market for Asia Pacific is expected to register highest CAGR during forecast period. The market in Asia Pacific is expected to be valued at US$ 44.5 million by 2028. This growth is attributed to growing number of retail stores, e-commerce businesses, and super markets in emerging economies such as China and India. For instance, according to India Brand Equity Foundation (IBEF), the e-commerce market is expected to reach US$ 64 billion by 2020 from US$ 38.5 billion in 2017. Indian e-commerce industry has been on a rising growth trajectory and is anticipated to exceed the U.S. to turn into the second largest e-commerce market in the world by 2034. This in turn, is expected to increase the demand for cold storage, intelligent packaging, and temperature monitoring technology in the region. Time temperature indicators are increasingly being adopted by the packaging industry to maintain quality of seafood, meat, poultry, and ready-to-eat food products. According to Coherent Market Insights’ analysis, in 2014, around 2,091 billion units of packaged food products were sold in this region and is projected to reach 2,578 billion units by 2019. This increasing consumption of packaged food, in turn, is expected to boost growth of time temperature indicator labels market.

Key companies

Major players operating in the global time temperature indicator labels market include 3M Company, Temptime Corporation, Thin Film Electronics ASA, DeltaTrak, Inc., NiGK Corporation, Freshpoint Quality Assurance Ltd, LCR Hallcrest, LLC, CCL Industries Inc., Biosynergy, Inc., and American Thermal Instruments.

Time temperature indicators use smart technologies such as digital temperature data loggers, dye migration through filter papers, and color changing pouches with bacterial fluids, to monitor changes in physical characteristics of the product such as color and shape. These technologies help measure temperature fluctuations for a specific time period, further recording all the data, to show the quality and freshness of the product within that time period and real-time changes of the product.

Market Dynamics

Increasing adoption of time temperature indicator in the food industry is attributed to increasing awareness regarding quality of food products such as sea food, meat, and packaged food products. Temperature can affect the quality of a food product, further resulting in safety issues during the time of distribution, transport, and storage. According to Coherent Market Insights’ analysis, as of 2016, the total food and agriculture industry was valued at around US$ 8 trillion, whereas the global sales of packaged food was valued at US$ 2.2 trillion. Thus, growing food packaging industry is leading to increasing demand for smart technology to track quality and safety of products. This in turn, is expected to proportionally boost growth of the time temperature indicator labels market during the forecast period.

However, cost of these time temperature indicator labels in hindering market growth. In developed economies, food items are valued at higher prices as compared to the price of 1 TTI label, whereas in emerging economies, the time temperature indicators are valued at about similar or even higher price than the food item itself. Therefore, players in such regions are hesitant to adopt these products, which could affect their profit margins. Moreover, it becomes difficult to check exact color of the indicator and it might lead to ambiguity in terms of credibility and trustworthiness of the freshness of the product.

Key features of the study:

  • This report provides in-depth analysis of time temperature indicator labels market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2028), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global time temperature indicator labels market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, TTI labels market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include 3M Company, Temptime Corporation, Thin Film Electronics ASA, DeltaTrak, Inc., NiGK Corporation, Freshpoint Quality Assurance Ltd, LCR Hallcrest, LLC, CCL Industries Inc., Biosynergy, Inc., and American Thermal Instruments.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global TTI labels market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global time temperature indicator labels market

Detailed Segmentation:

  • Global Time Temperature Indicator Labels Market, By Product Type:
    • Color-based
      • Irreversible
      • Reversible
    • Barcode-Based
  • Global Time Temperature Indicator Labels Market, By Label Information:
    • Critical Temperature Indicator (CTI)
    • Critical Time Temperature Indicators (CTTI)
    • Time Temperature Indicators (TTI)
  • Global Time Temperature Indicator Labels Market, By End User:
    • Food and Beverages
    • Pharmaceutical
      • Vaccine Vial Monitors (VVM)
      • Biological Drugs
      • Healthcare Alerts
      • Other Pharma
    • Chemicals and Fertilizers
  • Global Time Temperature Indicator Labels Market, By Geography:
    • North America
      • By Product Type
      • By Label Information
      • By End User
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
      • By Label Information
      • By End User
      • By Country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
      • By Label Information
      • By End User
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
      • By Label Information
      • By End User
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • By Product Type
      • By Label Information
      • By End User
      • By Country:
        • Israel
        • GCC
        • South Africa
        • Rest of Middle East & Africa
  • Company Profiles
    • 3M Company *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Temptime Corporation
    • Thin Film Electronics ASA
    • DeltaTrak, Inc.
    • NiGK Corporation
    • Freshpoint Quality Assurance Ltd
    • LCR Hallcrest, LLC
    • CCL Industries Inc.
    • Biosynergy, Inc.
    • American Thermal Instruments

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Top 3 Market Findings
      • Top 3 Market Opportunity
      • Market Snippet, By Product Type
      • Market Snippet, By Label Information
      • Market Snippet, By End-User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
  4. Global Time Temperature Indicator Labels Market, By Product Type, 2016–2028  (US$ Million & units)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Color-based
      • Introduction
      • Market Size and Forecast, 2016–2028, (US$ Million & units)
        • Irreversible
        • Reversible
    • Barcode-Based
      • Introduction
      • Market Size and Forecast, 2016–2028, (US$ Million & units)
  5. Global Time Temperature Indicator Labels Market, By Label Information, 2016–2028  (US$ Million & units)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Critical Temperature Indicator (CTI)
      • Introduction
      • Market Size and Forecast, 2016–2028, (US$ Million & units)
    • Critical Time Temperature Indicators (CTTI)
      • Introduction
      • Market Size and Forecast, 2016–2028, (US$ Million & units)
    • Time Temperature Indicators (TTI)
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
  6. Global Time Temperature Indicator Labels Market, By End-User, 2016–2028  (US$ Million & units)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Food and Beverages
      • Introduction
      • Market Size and Forecast, 2016–2028, (US$ Million & units)
    • Pharmaceutical
      • Introduction
      • Market Size and Forecast, 2016–2028, (US$ Million & units)
        • Vaccine Vial Monitors (VVM)
        • Biological Drugs
        • Healthcare Alerts
        • Other Pharma
    • Chemicals and Fertilizers
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
  7. Global Time Temperature Indicator Labels Market, By Regions, 2016–2028 (US$ Million & units)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By Label Information, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By End-User, 2016–2028 (US$ Million & units)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By Label Information, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By End-User, 2016–2028 (US$ Million & units)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • UK
        • Germany
        • Italy
        • France
        • Russia
        • Others
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By Label Information, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By End-User, 2016–2028 (US$ Million & units)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Others
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By Label Information, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By End-User, 2016–2028 (US$ Million & units)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Others
    • Middle East & Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By Label Information, 2016–2028 (US$ Million & units)
      • Market Size and Forecast, By End-User, 2016–2028 (US$ Million & units)
      • Market Share Analysis, By Country, 2017 and 2028 (%)
        • Israel
        • GCC
        • South Africa
        • Rest of Middle East & Africa
  8. Competitive Landscape
    • Company Profiles
      • 3M Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Temptime Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Thin Film Electronics ASA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • DeltaTrak, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NiGK Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Freshpoint Quality Assurance Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • LCR Hallcrest, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CCL Industries Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Biosynergy, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • American Thermal Instruments
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Time Temperature Indicator Labels Market - Global forecast to 2028”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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