Time Temperature Indicator Labels Market
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<strong>Time</strong> <strong>Temperature</strong> <strong>Indicator</strong> <strong>Labels</strong><br />
<strong>Market</strong> - Global Industry Insights,<br />
Trends, Outlook and Opportunity<br />
Analysis, 2017-2025<br />
<strong>Time</strong> temperature indicator is a smart device that collects real-time data related to<br />
temperature and time. Premature perishing are the signs of physical, chemical,<br />
micro-biological, and enzymatic reactions. <strong>Time</strong> temperature indicators detect product<br />
degradation, which may be cause by internal and external effects and helps indicate<br />
when a product requires alteration by providing an alert. By providing such real-time<br />
information, it ensures high quality of products, in turn reducing health risks.<br />
<strong>Time</strong> temperature indicator use smart technologies such as digital temperature data<br />
loggers, dye migration through filter papers, and color changing pouches with bacterial<br />
fluids, to monitor changes in physical characteristics of the product such as color and<br />
shape. These technologies help measure temperature fluctuations for a specific time<br />
period, further recording all the data, to show the quality and freshness of the product<br />
within that time period and real time changes of the product.<br />
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Increasing adoption of time temperature indicator in the food industry is attributed to<br />
food packaging, sea food packaging. <strong>Temperature</strong> can affect the quality of a food<br />
product, further resulting in safety issues during the time of distribution, transport, and<br />
storage. This in turn, has increased the demand for time temperature indicator labels in<br />
the food packaging industry.
According to Coherent <strong>Market</strong> Insights analysis, as of 2016, the total food and<br />
agriculture industry value was accounted for around US$ 8 trillion, whereas the global<br />
sales of packaged food amounted to around US$ 2.2 trillion. Thus, growing food<br />
packaging industry is increasing the demand for smart technology to track quality of<br />
products, and sense environmental conditions inside and outside the packaging. This in<br />
turn, is expected to proportionally boost growth of the time temperature indicator labels<br />
market during the forecast period.<br />
<strong>Time</strong> <strong>Temperature</strong> <strong>Indicator</strong> <strong>Labels</strong> <strong>Market</strong> Taxonomy<br />
On the basis of product type, the global time temperature indicator labels market is<br />
segmented into:<br />
●<br />
●<br />
Color-based<br />
Barcode-based<br />
On the basis of technology, the global time temperature indicator labels market is<br />
segmented into:<br />
●<br />
●<br />
●<br />
●<br />
●<br />
●<br />
Photochemical<br />
Enzymatic<br />
Microbiological<br />
Diffusion<br />
Polymer-based<br />
Others<br />
On the basis of labels, the global time temperature indicator labels market is segmented<br />
into:<br />
●<br />
●<br />
●<br />
Critical <strong>Temperature</strong> <strong>Indicator</strong>s (CTI)<br />
Critical <strong>Time</strong> <strong>Temperature</strong> <strong>Indicator</strong>s (CTTI)<br />
<strong>Time</strong> <strong>Temperature</strong> <strong>Indicator</strong>s (TTI)<br />
On the basis of end-use Industry, the global time temperature indicator labels market is<br />
segmented into:<br />
●<br />
●<br />
●<br />
●<br />
Food and Beverages<br />
Healthcare and Pharmaceuticals<br />
Chemicals and Fertilizers<br />
Others
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<strong>Time</strong> <strong>Temperature</strong> <strong>Indicator</strong> <strong>Labels</strong> <strong>Market</strong>: Regional Insights<br />
The global time temperature indicator labels market is segmented on the basis of<br />
regions, into North America, Europe, Asia-Pacific, Latin America, and Middle East, and<br />
Africa. The market for Asia-Pacific is expected to register highest CAGR during forecast<br />
period due to growing number of retail stores, ecommerce businesses, and super<br />
markets in emerging economies such as China and India. This in turn, is expected to<br />
increase the demand for cold storage, intelligent packaging, and temperature monitoring<br />
technology in the region. To provide these facilities time temperature indicators are<br />
increasingly being adopted by the packaging industry to maintain quality of the seafood,<br />
meat, poultry, and ready-to-eat food products. According to Coherent <strong>Market</strong> Insights<br />
analysis, in 2014, around 2,091 billion units of packaged food products were sold and is<br />
projected to reach 2,578 billion units by 2019. This increase in consumption of<br />
packaged food, in turn, is expected to boost growth of time temperature indicator labels<br />
market.<br />
<strong>Time</strong> <strong>Temperature</strong> <strong>Indicator</strong> <strong>Labels</strong> <strong>Market</strong>: Competitive Background<br />
Major players operating in the global time temperature indicator labels market include<br />
3M Co., CCL Industries Inc., Temptime Corporation, Thin Film Electronics Inc., Bizerba<br />
SE & Co. KG, Deltatrak Inc., Biosynergy, Inc., Freshpoint Quality Assurance Ltd.,<br />
Insignia Technologies Ltd., La-Co Industries Inc., Lcr Hallcrest Llc., and Nigk<br />
Corporation.<br />
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els-market-1168
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