NEWARK, Del, Oct. 25, 2022 (GLOBE NEWSWIRE) -- NEWARK, Del: The global tamper evident labels market is worth US$ 19.12 Bn as of now and expected to be worth US$ 34.25 Bn by the year 2032 at a CAGR of 6% between 2022 and 2032.
Tamper evident labels/seals do have features helping in indication of any symptoms related to maltreatment as product happens to move through the entire food chain. The customers are also showing an increase in awareness regarding need for buying high-quality products that give priority to quality of ingredients.
The demand for the tamper evident labels is growing exorbitantly in the electronics industry for facilitating packaging of washing machines, televisions, and refrigerators. Herein, silver void labels are used, which come across as double-layered stickers with word void on the inside and metallic appearance on the outside on removal of outer layer.
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Adopting tamper labels with their usage in food containers are expected to induce a higher degree of consumers’ confidence in food quality, along with prevention of spillage and contamination of food while carrying it to the stores for sales. With unlawful tampering being a strict “no-no” in the pharmaceutical sector, the application of tamper evident labels over here is imperative.
Also, additional attention is being paid on prevention of pilferage. The ever-changing product labelling policies in automotive and pharmaceutical sector are also expected to have a positive effect on tamper evident labels market. For instance – the EU FMD (Falsified Medicines Directive) legislation asks for pharmaceutical companies to allot a UID (unique identification number) for every pack, so as to provide authenticity to the individual products, apart from seals averting tampering.
The food & energy vertical is expected to witness an exponential demand for tamper evident labels, so that quality and freshness could be maintained. Restaurants are also expected to keep the cash registers ringing for tamper evident packaging as there is a burgeoning need for no-contact delivery services. Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Tamper Evident Labels Market’.
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Key Takeaways from Tamper Evident Labels Market
- Europe leads the tamper evident labels market. It, in fact, holds 28% of the market share. This could be credited to end-consumers increasingly preferring budget and quality items. RFID technology is also undergoing technological advancements, which is helping in rendering mass production of tamper-proof labels.
- North America holds 23% of the market share due to the US and Canada preferring tamper evident labels to ascertain safety and convenience of the highest level to the consumers.
- The Asia-Pacific is expected to grow at the fastest pace in the tamper evident labels market. This could be reasoned with the countries like China and India witnessing an increasing awareness by consumers regarding product labelling and safe packaging.
“The market participants are emphasizing on enhancement in standard of the tamper evident labels with the objective of making it difficult to peel off or remove them without any visible damage”, says an analyst from tamper evident labels market.
Competitive Landscape
- Innovative Cap-Lock solution from Schreiner MediPharm does combine cap adaptor along with a label for hermetically sealing prefilled syringes, that too, with proper indication of first opening.
- HENE LIFE makes provisions for premium health-oriented products that are organically sourced.
- April 2022 witnessed introduction of VPF 100328, a new checkerboard sticky paper material for making tamper evident labels, that too, with forgery-proof results at par with film technologies.
- NXP Semiconductors, in May 2022, unleashed a new-fangled family comprising NFC (Near Field Communication) ICs (integrated circuits), thereby integrating condition-monitoring and tamper-detection features on single chip.
- Tamper evident films from Dunmore come across as selective-release constructions abreast with sub-surface or surface destruct layers. Label facestock material is being made available in several colors, inclusive of metalized finishes.
- Adampak’s optical watermarks are capable of protecting the brand and preventing forgery.
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What does the Report Cover?
- Future Market Insights offers an exclusive perspective and various real-time insights on the tamper evident labels market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on material type (PET and paper), by technology (RFID, NFC tags, and sensing labels), and by end-use (food, beverages, alcoholic, non-alcoholic, cosmetic & personal care, liquor, pharmaceuticals, and likewise (electronics, chemicals, and similar).
Key Market Segments in the Tamper Evident Labels Market
By Material Type:
- PET
- Paper
By Technology:
- RFID
- NFC tags
- Sensing labels
By End Use:
- Food
- Beverages
- Alcoholic
- Non-alcoholic
- Cosmetic & Personal care
- Liquor
- Pharmaceuticals
- Others (electronics, chemicals etc.)
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
Explore FMI’s Extensive Coverage on Packaging Domain:
Tamper Evident Packaging Market Size : A recent Future Market Insights’ report suggests the tamper evident packaging industry is likely to expand, encouraged by the noteworthy ballooning in food delivery. From 2022-2032, the market is forecast to flourish at an 8% value CAGR
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Linerless Labels Market Forecast : With a CAGR of 4.9% from 2022 to 2032, the linerless labels market is anticipated to grow rapidly. Sales of linerless labels are anticipated to rise from US$ 1.8 billion in 2022 to US$ 2.9 billion by 2032
Foam Labels Market Demand : The demand for foam labels has increased significantly in the last few years due to increase in the demand for permanent labeling solutions along with the high demand for the microwaveable packaging solutions globally.
Cut And Stack Labels Market Value : The growth of cut and stack labels will be boosted in the Eastern Europe and Western Europe and Latin America for the forecast period with increase in adoption of small-sized PET bottles ranging from carbonated soft drinks to toiletries and cosmetic.
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