Time temperature indicator labels market
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 2028
- Jun 2018
- CMI1168
- 192 Pages
- Excel & Pdf
- Smart Technologies
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
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.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- 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)
- 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
- 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)
- 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
- 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
- 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
- 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
- Section
- References
- Research Methodology
- About us and Sales Contact
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