Time Temperature Indicator Labels Market, By Product (Color-based and Barcode-based), By Technology (Photochemical, Enzymatic, Microbiological, and Others), By Labels (Critical Temperature Indicators (CTI), Critical Time Temperature Indicators (CTTI), and

Time Temperature Indicator Labels Market, By Product (Color-based and Barcode-based), By Technology (Photochemical, Enzymatic, Microbiological, and Others), By Labels (Critical Temperature Indicators (CTI), Critical Time Temperature Indicators (CTTI), and Time Temperature Indicators (TTI)), By End-Use Industry (Food and Beverages, Healthcare and Pharmaceuticals, Chemicals and Fertilizers, and Others), and By Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

Time temperature indicators 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.
Market Dynamics
Increasing adoption of time temperature indicator in the food industry is attributed to increasing awareness regarding quality of food products such as sea food, meat, and packaged food products. Temperature can affect the quality of a food product, further resulting in safety issues during the time of distribution, transport, and storage. According to Coherent Market Insights’ analysis, as of 2016, the total food and agriculture industry was valued at around US$ 8 trillion, whereas the global sales of packaged food was valued at US$ 2.2 trillion. Thus, growing food packaging industry is leading to increasing demand for smart technology to track quality and safety of products. This in turn, is expected to proportionally boost growth of the time temperature indicator labels market during the forecast period.
However, cost of these time temperature indicator labels in hindering market growth. In developed economies, food items are valued at higher prices as compared to the price of 1 time temperature indicator label, whereas in emerging economies, the time temperature indicators are valued at about similar or even higher price than the food item itself. Therefore, players in such regions are hesitant to adopt these products, which could affect their profit margins. Moreover, it becomes difficult to check exact color of the indicator and it might lead to ambiguity in terms of credibility and trustworthiness of the freshness of the product.
Key features of the study:
This report provides in-depth analysis of time temperature indicator labels market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global time temperature indicator labels market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, time temperature indicator labels market capital, key developments, strategies, and future plans
Companies covered as part of this study 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.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global time temperature indicator labels market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global time temperature indicator labels market
Detailed Segmentation:
Global Time Temperature Indicator Labels Market, By Product Type:
Color-based
Irreversible
Reversible
Barcode-Based
Global Time Temperature Indicator Labels Market, By Label Information:
Critical Temperature Indicator (CTI)
Critical Time Temperature Indicators (CTTI)
Time Temperature Indicators (TTI)
Global Time Temperature Indicator Labels Market, By End User:
Food and Beverages
Pharmaceutical
Vaccine Vial Monitors (VVM)
Biological Drugs
Healthcare Alerts
Other Pharma
Chemicals and Fertilizers
Global Time Temperature Indicator Labels Market, By Geography:
North America
By Product Type
By Label Information
By End User
By Country:
U.S.
Canada
Europe
By Product Type
By Label Information
By End User
By Country:
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type
By Label Information
By End User
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Product Type
By Label Information
By End User
By Country:
Brazil
Mexico
Rest of Latin America
Middle East & Africa
By Product Type
By Label Information
By End User
By Country:
Israel
GCC
South Africa
Rest of Middle East & Africa
Company Profiles
3M Company *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
Temptime Corporation
Thin Film Electronics ASA
DeltaTrak, Inc.
NiGK Corporation
Freshpoint Quality Assurance Ltd
LCR Hallcrest, LLC
CCL Industries Inc.
Biosynergy, Inc.
American Thermal Instruments
“*” marked represents similar segmentation in other categories in the respective section.