Market Overview:
The global freshness indicator label market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food and beverage products, and rising awareness about food safety among consumers. In addition, the growing pharmaceutical industry is also contributing to the growth of this market. The global freshness indicator label market can be segmented on the basis of type into time temperature indicator labels, moisture indicator labels, PH indicator labels, and CO2 gas indicators labels. The time temperature indicator label segment is expected to account for the largest share of the global freshness indicator label market in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period from 2018-2030 owing to its ability to indicate whether a product has been stored at an appropriate temperature or not. The moisture content sensor sticker segment is projected grow at a CAGR of 7% duringthe forecast period from2018-2030 due its abilityto detect water vapour levelsin packaged foodsand beveragesand provide information about theirfreshness levelsto consumers .
Product Definition:
The Freshness Indicator Label is a quality assurance label used on perishable food products to indicate the product's freshness. The indicator typically consists of a number that corresponds to the number of days since the product was packaged. The higher the number, the less fresh the product is. The Freshness Indicator Label is important because it allows consumers to quickly and easily identify which products are fresher than others.
Time Temperature Indicator Label:
Time temperature indicator label is a type of freshness indicator used to indicate the quality of food products by changing color. The time-temperature indicators are usually made from polymers and they change their physical properties when exposed to heat or cold.
The major factor that propels the growth of this market includes growing demand for fresh meat, poultry, seafood and other edible products due to increasing health consciousness among consumers across the world especially in North America and Europe.
Moisture Indicator Label:
The moisture indicator label is a type of freshness indicator used to indicate the freshness of processed food products. The labels contain chemical agents that change color when exposed to water vapor or water in the atmosphere. These indicators are primarily employed in canned vegetables, fruits, fish and meat products for indicating their degree of “doneness” as well as for providing convenience by detecting "done-ness" before the product is consumed.
Application Insights:
The food and beverage industry was the largest application segment in 2016, accounting for over 50% of the total revenue share. The growing importance of freshness indicators in this industry is attributed to the rising demand for packaged foods as well as beverages. Indicators such as date labels are widely used to indicate when a product reaches its peak quality and should be consumed soon after that. This factor is expected to increase product demand, thereby driving freshness indicator market growth over the forecast period.
Pharmaceutical industry is anticipated to witness significant growth during the forecast period owing to increasing use of indicator dyes for indicating moisture content in pharmaceutical products such as tablets, capsules, syrups and powders.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing awareness among consumers regarding food wastage, high economic development, and rising exports from developed countries such as U.S., Germany, Japan, China etc. Asia Pacific freshness indicator label market is also anticipated to witness rapid growth due to increasing exports of meat products from developing countries such as Brazil and India which are highly perishable commodities requiring special storage conditions for preservation.
The European freshness indicator label industry has been witnessing healthy growth since past few years owing to growing demand for processed foods coupled with increased spending power among consumers resulting in higher disposable income thus promoting consumption of packaged food items thereby boosting the regional market growth over the forecast period.
Growth Factors:
- Increasing demand for food safety and quality assurance: The global Freshness Indicator Label market is expected to grow at a CAGR of 6.5% during the forecast period owing to the increasing demand for food safety and quality assurance. This is mainly due to the growing awareness among consumers about the importance of freshness in foods.
- Rising disposable income: The growth of the global Freshness Indicator Label market is also driven by rising disposable incomes, which has led to an increase in spending on food products, especially premium and organic products. This has resulted in an increased demand for freshness indicator labels that can provide information about product freshness.
- Proliferation of supermarkets and retail stores: The growth of supermarkets and retail stores across the globe has led to an increase in shelf space for packaged foods, thereby providing a boost to the global Freshness Indicator Label market . In addition, these stores are also offering discounts on packaged foods that have a freshness indicator label attached thereto, further propelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Freshness Indicator Label Market Research Report
By Type
Time Temperature Indicator Label, Moisture Indicator Label, PH Indicator Label, CO2 Gas Indicator Label
By Application
Food and Beverage Industry, Pharmaceutical Industry, Others
By Companies
CCL Industries, Shockwatch, M, Freshpoint Quality Assurance, Temptime, Thinfilm, Deltatrak, Biosynergy, LCR Hallcrest, NiGK
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Freshness Indicator Label Market Report Segments:
The global Freshness Indicator Label market is segmented on the basis of:
Types
Time Temperature Indicator Label, Moisture Indicator Label, PH Indicator Label, CO2 Gas Indicator Label
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverage Industry, Pharmaceutical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CCL Industries
- Shockwatch
- M
- Freshpoint Quality Assurance
- Temptime
- Thinfilm
- Deltatrak
- Biosynergy
- LCR Hallcrest
- NiGK
Highlights of The Freshness Indicator Label Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Time Temperature Indicator Label
- Moisture Indicator Label
- PH Indicator Label
- CO2 Gas Indicator Label
- By Application:
- Food and Beverage Industry
- Pharmaceutical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Freshness Indicator Label Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A freshness indicator label is a type of food packaging that indicates how long the food has been stored at a specified temperature.
Some of the major players in the freshness indicator label market are CCL Industries, Shockwatch, M, Freshpoint Quality Assurance, Temptime, Thinfilm, Deltatrak, Biosynergy, LCR Hallcrest, NiGK.
The freshness indicator label market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Freshness Indicator Label Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Freshness Indicator Label Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Freshness Indicator Label Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Freshness Indicator Label Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Freshness Indicator Label Market Size & Forecast, 2020-2028
4.5.1 Freshness Indicator Label Market Size and Y-o-Y Growth
4.5.2 Freshness Indicator Label Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Time Temperature Indicator Label
5.2.2 Moisture Indicator Label
5.2.3 PH Indicator Label
5.2.4 CO2 Gas Indicator Label
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food and Beverage Industry
6.2.2 Pharmaceutical Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Freshness Indicator Label Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Freshness Indicator Label Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Time Temperature Indicator Label
9.6.2 Moisture Indicator Label
9.6.3 PH Indicator Label
9.6.4 CO2 Gas Indicator Label
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food and Beverage Industry
9.10.2 Pharmaceutical Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Time Temperature Indicator Label
10.6.2 Moisture Indicator Label
10.6.3 PH Indicator Label
10.6.4 CO2 Gas Indicator Label
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food and Beverage Industry
10.10.2 Pharmaceutical Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Time Temperature Indicator Label
11.6.2 Moisture Indicator Label
11.6.3 PH Indicator Label
11.6.4 CO2 Gas Indicator Label
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food and Beverage Industry
11.10.2 Pharmaceutical Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Time Temperature Indicator Label
12.6.2 Moisture Indicator Label
12.6.3 PH Indicator Label
12.6.4 CO2 Gas Indicator Label
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food and Beverage Industry
12.10.2 Pharmaceutical Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Time Temperature Indicator Label
13.6.2 Moisture Indicator Label
13.6.3 PH Indicator Label
13.6.4 CO2 Gas Indicator Label
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food and Beverage Industry
13.10.2 Pharmaceutical Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Freshness Indicator Label Market: Competitive Dashboard
14.2 Global Freshness Indicator Label Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CCL Industries
14.3.2 Shockwatch
14.3.3 M
14.3.4 Freshpoint Quality Assurance
14.3.5 Temptime
14.3.6 Thinfilm
14.3.7 Deltatrak
14.3.8 Biosynergy
14.3.9 LCR Hallcrest
14.3.10 NiGK
