Tamper-evident labels market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The major factor driving the growth of the market includes the rising concern toward product safety coupled with the implementation of stringent regulations to avoid tampering with goods. Product tampering and theft are ongoing issues for brand owners in numerous industries which are increasing the concern for brand protection. Product counterfeit is increasing at a distressing rate where sub-standard products are being sold at premium prices this is making it highly important to incorporate product labeling as part of brand defense systems. Tamper evident labels are expected to keep a check on such products to ensure the right quality products reach the end consumers. When compared to other labels such as standard semi-gloss paper and film-based labels, tamper-evident labels enable companies to offer more advanced solutions which guarantee product integrity. Hence, tamper evident labels are a fundamental solution to providing additional security and authentication to products beyond packaging. Increasing emphasis on product labelling to ensure product safety and security is encouraging manufacturers to launch a tamper-evident label that offers a high level of security to the product. For instance, in December 2021, Dunmore launched tamper-evident label films designed to prevent tampering and provide an extra layer of brand protection. Dunmore’s line of security label films consists of 4 unique security designs including universal designs and a multi-language option. The security label films are 2 mils white polyester (PET) based products with proprietary release technology and a print receptive surface. The tamper evident feature is hidden until the label is peeled away from the surface.
The global tamper-evident labels market is segmented based on the material type, technology, and end-use industry. Based on the material type, the market is sub-segmented into PET-based tamper evident labels and paper-based tamper evident labels. Based on the technology, the market is categorized into radio frequency identification, near-field communication tag, and sensing labels. Further, based on the end-use industry, the market is sub-segmented into pharmaceuticals, automotive, food and beverage, transport and logistics, and others. Among the end-use industry segment, the pharmaceuticals sub-segment is expected to cater to a prominent market share over the forecast period. However, the food and beverage segment is anticipated to grow at the fastest rate over the forecast period.
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Tamper-Evident Labels Market Segmentation
By Material Type
- PET-Based Tamper-Evident Labels
- Paper-Based Tamper-Evident Labels
By Technology
- Radio Frequency Identification
- Near-Field Communication Tag
- Sensing Labels
By End-Use Industry
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Regional Analysis
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
Company Profiles
- Adampak
- advast suisse AG
- Arjobex SAS (Polyart)
- Brady Company India Pvt. Ltd.
- Cenveo, Inc. (MaverickLabel.Com, Inc.)
- ELTRONIS UK LTD
- HERMA GmbH
- Körber Pharma GmbH
- Mactac
- Peter Lynn Ltd.
- Resource Label Group
- Royston Labels Ltd.
- Stickythings Ltd.
- Tailored Label Products, Inc.
- TECHNICODE, INC.
- tesa Tapes (India) Pvt. Ltd.
- VPF-Veredelungsgesellschaft für Papiere
- WRAPOLOGY (INT) LTD.
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Article source: https://article-realm.com/article/Business/62674-Tamper-Evident-Labels-Market-to-Signify-Strong-Growth-by-2024-2031.html
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