Tamper Evident Labels Market Analysis highlighting Opportunities and Development Status during 2018-
According to a new Fact.MR study, the market is expected to record volume sales of 11,673 Mn sq. meters by 2028-end. The report opines that the tamper evident labels market will remain consolidated among Tier 3 players, who collectively account for almost half of the market share.
[USPRwire, Fri May 03 2019] The report studies the “Tamper Evident Labels Market” worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. The intelligent report also anticipates that the market would grow at a constructive CAGR until 2028. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report titled “Tamper Evident Labels Market Analysis highlighting Opportunities and Development Status during 2018-2028”. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
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Steady growth prospects in the tamper evident labels market continued in 2018 and are expected to record 1.6x volume growth through 2028. According to a new Fact.MR study, the market is expected to record volume sales of 11,673 Mn sq. meters by 2028-end. The report opines that the tamper evident labels market will remain consolidated among Tier 3 players, who collectively account for almost half of the market share.
Highlighting the key demand drivers of the tamper evident labels market, Fact.MR’s market study suggests that increasing emphasis on preventing pilferage and product labeling policies in the pharmaceutical industry will remain crucial to the prospects of tamper evident label manufacturers. According to the study, demand for tamper evident labels from the pharmaceutical industry is expected to surpass US$ 7 billion by 2028.
Buoyancy in the automotive industry is likely to complement demand from pharmaceutical industry. Fact.MR expects demand from automotive industry to grow at over 7% CAGR during the forecast period. Government recommendations on implementing tamper-evident features in automobiles, to address vehicular pollution, and establish improved vehicle identification number (VIN) operations continue to uphold the tamper evident labels market growth.
Fact.MR study envisages plastic to be most preferred material for tamper evident labels manufacturing, projected to account for bulk share of the market share over the period of forecast. Vinyl continues to capture higher demand among plastic variants, accounting for approximately half volume sales. Demand for vinyl is majorly concentrate in the pharmaceutical and electronics industry, where meeting performance requirements in altering temperature and moisture conditions.
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Tamper evident labels are security labels that can detect unauthorized access to any protected object. Tamper evident labels have self-adhesive material at the base and make use of frangible face material. When tampered, it is not possible to re-apply these labels and the amount of damage done to the face material of tamper evident labels serves as indicator that the protected product is damaged or tampered with. Various technologies are used in tamper evident labels, such as RFID tags, barcode and NFC tags. Tamper evident labels are widely used across pharmaceutical industry, automotive, food and beverage and transport among others.
The tamper evident labels market report is an extensive research study covering various aspects circling the tamper evident labels space. Key factors influencing growth in demand and sales of tamper evident labels such as drivers, trends, restraints and opportunities are included in the tamper evident labels market report. The report on tamper evident labels market includes historical analysis, current tamper evident labels scenario and future projections on tamper evident labels carried out across key regions in the globe.
The tamper evident labels market is segmented in-depth to include every angle of the market influencing growth. The tamper evident labels market is segmented on the basis of material type, by technology, by pattern, by end user industry and by region. The tamper evident labels by material type cover paper and plastic (vinyl, polyester and others). By technology, the tamper evident labels market is categorized into RFID, barcode, NFC tags and others (holograms). The tamper evident labels market by pattern coves VOID, checkboard, destructible and others. The applications of tamper evident labels in end use industries such as pharmaceuticals, food, beverage, transport and logistics, CDEG, automotive and others have been covered. The tamper evident labels market has been assessed across key regions such as North America, Latin America, CIS & Russia, Europe, Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA).
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