Lucintel Forecasts the Global Temperature Indicator Label Market to Reach $ 10.27 billion by 2030


Posted October 12, 2023 by Lucintel

According to a market report by Lucintel, the future of the global temperature indicator label market looks promising with opportunities in the food and beverage, pharmaceuticals, medical devices, and chemicals markets

 
According to a market report by Lucintel, the future of the global temperature indicator label market looks promising with opportunities in the food and beverage, pharmaceuticals, medical devices, and chemicals markets. The global temperature indicator label market is expected to reach an estimated $1.3 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing demand for food safety, rising demand for temperature-sensitive pharmaceuticals, and stringent government regulations.

A more than 150 – page report is developed to understand trends, opportunity and forecast in temperature indicator label market to 2030 by type (color-based and barcode-based), label information (critical temperature indicator, critical time temperature indicators, and time temperature indicators), end use (food and beverage, pharmaceuticals, medical devices, chemicals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, color-based and barcode-based are the major segments of temperature indicator label market by type. Lucintel forecasts that color-based temperature is expected to witness highest growth over the forecast period because it is inexpensive and easy to use properties.

Within this market, pharmaceutical will remain the largest segment due to rising adaption of temperature indicator labels for storage of pharmaceutical products.

APAC is expected to witness highest growth over the forecast period due to growing demand for temperature-sensitive pharmaceutical products.

3M, Brady, Avery Dennison, Checkpoint Systems, Labeltronix, Temptime, TTI, Pyrotec Packsafe, Tempit, and Temprite are the major suppliers in the temperature indicator label market.







This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detaiLED table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Lucintel
Country United States
Categories Business
Tags temperature indicator label market
Last Updated October 12, 2023