APAC Time Temperature Indicator Labels Market - Industry Trends and Forecast to 2030
The Asia-Pacific time temperature indicator labels market is expected to reach USD 404.96 million by 2030 from USD 248.38 million in 2022, growing at a CAGR of 6.4% in the forecast period of 2023 to 2030.
Market Segmentation
Asia-Pacific Time Temperature Indicator Labels Market, By Response Mechanism (Partial History Indicator, Full History Indicator, Chill Temperature, Temperature Abuse, and Frozen Temperature), Label Information (Critical Temperature Indicator, Critical Temperature/Time Indicator, Time Temperature Indicator or Integrators, and Humidity Sensing), Principle (Chemical Response, Physical Response, and Enzymatic or Biological Response), Application (Food & Beverages, Pharmaceutical, Chemicals & Fertilizers, Flowers, and Cosmetics), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Market Dynamics
Drivers
• Growing surge for transparency of product labeling
• Rising use of Time Temperature Indicator (TTI) labels in food & beverage and pharmaceutical industries
Restraints
• Increase in cost of end products with labels
• The availability of other smart and intelligent labeling solutions
Opportunities
• Rising initiatives by key manufacturers
• Continuous advancements in automation and technologies
Market Players
Some of the key market players operating in the Asia-Pacific time temperature indicator labels market are:
• Vitsab
• 3M
• Timestrip UK LTD
• Zebra Technologies Corp.
• Omega Engineering, Inc.
• Insignia Technologies Ltd.
• SpotSee
• Berlinger & Co. AG, Switzerland
• EVIGENCE SENSORS
• Bizerba
• CCL Industries
• NOF CORPORATION
• Brady Worldwide, Inc.
• Stream Peak International
• CAVU GROUP
• PAPER THERMOMETER Company
• Vanprob Solutions