Global Tamper Evident Labels Market to Record 1.6x Volume Growth Through 2028

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.

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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.

tamper evident labels market 2

The report estimates barcode technology to remain sought-after among end-use industries, recording volume sales in excess of 5,000 Mn sq. meter. . In a bid to optimize the production cost, manufacturers in the tampers evident labels market persistently seek barcode technology which provides cost-effective and reliable methods of labeling. Study estimates that the RFID and NFC tagged tamper evident labels will witness the most attractive growth both in terms of value and volume against the backdrop of growing digitalization.

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Chapter 1 – Executive Summary

This chapter in the tamper evident labels market report includes tamper evident labels market overview, market analysis and wheel of opportunity. The chapter provides a gist of key aspects influencing the market’s growth. It also covers analyst recommendations and analysis.

Chapter 2 – Market Overview

Definition of tamper evident labels, significance of tamper evident labels adoption and a detailed tamper evident labels market segmentation (market structure).

Chapter 3 – Market Dynamics

This extensive chapter in the tamper evident labels market report includes Porter’s five forces analysis, various macro-economic factors impacting tamper evident labels sales, forecast factors, and list of active participants. This chapter also provides packaging industry outlook, cost analysis, pharmaceutical industry outlook and value chain analysis. It also provides PESTLE analysis.

Chapter 4 – Tamper Evident Labels Market Analysis

This Chapter in the tamper evident labels market report includes volume projections, size estimations, year-on-year projections, absolute dollar opportunity assessment and regional pricing analysis of tamper evident labels.

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Prominent manufacturers in the tamper evident labels market are engaged in strategic mergers and acquisitions to enhance production capacity and strengthen their market presence. For example, CCL Industries has recently completed the acquisition of Treofan Americas. Both the participants are leaders in the labels market and the acquisition is anticipated to expand CCL’s global footprints in the Food & Beverage and Healthcare & Specialty labelling sectors.

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