Time Temperature Indicator Labels Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

According to the report published by Facts & Factors, the global Time Temperature Indicator Labels Market size was worth around USD 54 million in 2019 and is predicted to grow around USD 105 million by 2026 with a compound annual growth rate (CAGR) of roughly 12% between 2020 and 2026. The report analyzes the global Time Temperature Indicator Labels Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Time Temperature Indicator Labels Market.

This professional and specialized report study examines the technical and business perspective of the Time Temperature Indicator Labels industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the Time Temperature Indicator Labels market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall Time Temperature Indicator Labels market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Units) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the Time Temperature Indicator Labels market in our study.

Key Insights from Primary Research

• As per the details shared by our primary respondents, Time Temperature Indicator Labels Market is expected to grow at an annual rate of around 12%.
• Through the primary research, it was observed that the Time Temperature Indicator Labels Market was estimated at around USD 54 Million in 2019.
• The “Color-Based” category, on the basis of product type, was the leading revenue generator in 2019.
• The “Critical Time Temperature Indicators (CTTI)” under the segment of Label Information, was dominant in the year 2019.
• On the basis of end-user segmentation, the “pharmaceuticals” category held the leading share in 2019.

Key Recommendations from Analysts

• As per our analysts, Time Temperature Indicator Labels Market is popular among the food and pharmaceutical industry as these two industries have spread across the globe.
• Brands and retailers are looking for easier and affordable options of indicator labels that are more effective and can be easily understood by any person.
• Critical Time Temperature Indicators (CTTI) are used on a large scale as it is very convenient to indicate any issue in the distribution channel and it is very cost-effective.
• North American region is the region where maximum indicator labels are used as these nations are trying to be self-reliant in the field of pharmaceuticals.
• As the CAGR is growing at around 12%, the Time Temperature Indicator Labels market is providing good business and job opportunities for people around the world and numerous benefits for the people associated in the entire value chain.

Market Attractiveness – By End-User

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the Time Temperature Indicator Labels market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the Time Temperature Indicator Labels market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the Time Temperature Indicator Labels market.

The research study provides a critical assessment of the Time Temperature Indicator Labels industry by logically segmenting the market on the basis of Product Type, Label Information, End-User, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the Time Temperature Indicator Labels industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Scope

Time Temperature Indicator Labels are those smart labels that are used to get information about the time and temperature of a product. Various types of indicator labels are available in the market that can give some accurate details about the time and temperature exposure of any certain product. These labels are widely used in the industry of food, medical and pharmaceuticals as the products of these segments are very important. As per the demands and advancing technology, these indicator labels are getting advanced and enhanced.

Brands and Retails prefer color based indicator label as it is easily visible to the naked eyes and can be easily indicating the quality issue just by changing its color. They prefer such indicator labels that are cost-effective and easily available. Many developed countries are preferring to provide the packaging of their products with these indicator labels to assure the guarantee about the quality of the product and if the product is traveling overseas, then to provide the assurance that the product was handled with utmost care and in such environment that is favorable for the product to stay unaffected by any external factor.

The Time Temperature Indicator Labels market is segmented based on Product Type, Label Information and End-User Application.  On the basis of Product Type segmentation, the market is classified into Color-Based and Barcode-Based. In terms of Label Information, the market is classified into Critical Temperature Indicator (CTI), Critical Time Temperature Indicators (CTTI), and Time Temperature Indicators (TTI).In terms of End-User Application segmentation, the market is divided into Food and Beverages, Pharmaceuticals, Chemicals and Fertilizers.

Some of the essential players operating in the Time Temperature Indicator Labels market, but not restricted to include

• 3M
• Thin Film Electronics ASA
• Freshpoint Quality Assurance Ltd.
• NiGK Corporation
• LCR Hallcrest, LLC
• Biosynergy, Inc.
• Temptime Corporation
• Delta Trak, Inc.
• CCL Industries Inc.

The taxonomy of the Time Temperature Indicator Labels Market by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Color-Based
• Barcode-Based

By Label Information Segmentation Analysis

• Critical Temperature Indicator (CTI)
• Critical Time Temperature Indicators (CTTI)
• Time Temperature Indicators (TTI)

By End-user Segmentation Analysis

• Food and Beverages
• Pharmaceuticals
• Chemicals and Fertilizers

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)