Dublin, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The "Temperature Indicator Label Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
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.
Temperature Indicator Label by Segment
The study includes a forecast for the global temperature indicator label by type, label information, end use, and region.
Temperature Indicator Label Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Color-based
- Barcode-based
Temperature Indicator Label Market by Label Information [Shipment Analysis by Value from 2018 to 2030]:
- Critical Temperature Indicators
- Critical Time Temperature Indicators
- Time Temperature Indicators
Temperature Indicator Label Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Food & Beverages
- Pharmaceuticals
- Medical Devices
- Chemicals
- Others
Temperature Indicator Label Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Temperature Indicator Label Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies temperature indicator label companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the temperature indicator label companies profiled in this report include:
- 3M
- Brady
- Avery Dennison
- Checkpoint Systems
- Labeltronix
- Temptime
- TTI
- Pyrotec Packsafe
- Tempit
- Temprite
Temperature Indicator Label Market Insights
The report forecasts that color-based temperature is expected to witness highest growth over the forecast period because it is inexpensive and easy to use properties.
APAC is expected to witness highest growth over the forecast period due to growing demand for temperature-sensitive pharmaceutical products.
Features of the Global Temperature Indicator Label Market
- Market Size Estimates: Temperature indicator label market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Temperature indicator label market size by type, label information, end use, and region in terms of value ($B).
- Regional Analysis: Temperature indicator label market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, label information, end use, and regions for the temperature indicator label market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the temperature indicator label market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
For more information about this report visit https://www.researchandmarkets.com/r/vmfdk4
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