Time Temperature Indicator Labels Market

Time Temperature Indicator Labels
Market - Global Industry Insights,
Trends, Outlook and Opportunity
Analysis, 2017-2025
Time temperature indicator is a smart device that collects real-time data related to
temperature and time. Premature perishing are the signs of physical, chemical,
micro-biological, and enzymatic reactions. Time temperature indicators detect product
degradation, which may be cause by internal and external effects and helps indicate
when a product requires alteration by providing an alert. By providing such real-time
information, it ensures high quality of products, in turn reducing health risks.
Time temperature indicator 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.
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Increasing adoption of time temperature indicator in the food industry is attributed to
food packaging, sea food packaging. Temperature can affect the quality of a food
product, further resulting in safety issues during the time of distribution, transport, and
storage. This in turn, has increased the demand for time temperature indicator labels in
the food packaging industry.
According to Coherent Market Insights analysis, as of 2016, the total food and
agriculture industry value was accounted for around US$ 8 trillion, whereas the global
sales of packaged food amounted to around US$ 2.2 trillion. Thus, growing food
packaging industry is increasing the demand for smart technology to track quality of
products, and sense environmental conditions inside and outside the packaging. This in
turn, is expected to proportionally boost growth of the time temperature indicator labels
market during the forecast period.
Time Temperature Indicator Labels Market Taxonomy
On the basis of product type, the global time temperature indicator labels market is
segmented into:
● Color-based
● Barcode-based
On the basis of technology, the global time temperature indicator labels market is
segmented into:
●
●
●
●
●
●
Photochemical
Enzymatic
Microbiological
Diffusion
Polymer-based
Others
On the basis of labels, the global time temperature indicator labels market is segmented
into:
● Critical Temperature Indicators (CTI)
● Critical Time Temperature Indicators (CTTI)
● Time Temperature Indicators (TTI)
On the basis of end-use Industry, the global time temperature indicator labels market is
segmented into:
●
●
●
●
Food and Beverages
Healthcare and Pharmaceuticals
Chemicals and Fertilizers
Others
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Time Temperature Indicator Labels Market: Regional Insights
The global time temperature indicator labels market is segmented on the basis of
regions, into North America, Europe, Asia-Pacific, Latin America, and Middle East, and
Africa. The market for Asia-Pacific is expected to register highest CAGR during forecast
period due to growing number of retail stores, ecommerce businesses, and super
markets in emerging economies such as China and India. This in turn, is expected to
increase the demand for cold storage, intelligent packaging, and temperature monitoring
technology in the region. To provide these facilities time temperature indicators are
increasingly being adopted by the packaging industry to maintain quality of the 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 and is
projected to reach 2,578 billion units by 2019. This increase in consumption of
packaged food, in turn, is expected to boost growth of time temperature indicator labels
market.
Time Temperature Indicator Labels Market: Competitive Background
Major players operating in the global time temperature indicator labels market include
3M Co., CCL Industries Inc., Temptime Corporation, Thin Film Electronics Inc., Bizerba
SE & Co. KG, Deltatrak Inc., Biosynergy, Inc., Freshpoint Quality Assurance Ltd.,
Insignia Technologies Ltd., La-Co Industries Inc., Lcr Hallcrest Llc., and Nigk
Corporation.
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els-market-1168
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The time temperature indicator labels market for Asia-Pacific is expected to register highest CAGR during forecast period due to growing number of retail stores, ecommerce businesses, and super markets in emerging economies such as China and India.