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Time Temperature Indicators Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 366 | Report ID: MRS1035


Report Description

The global Time Temperature Indicators market size is estimated at USD 860.2 million in 2020, expanding at a CAGR of 12.3% from 2021-2027.

Market Dynamics

Time Temperature Indicators is the device that shows the time-temperature of a product. These indicators are widely used on food, pharmaceutical, and medical products for recording thermal history and indicating the remaining shelf life of the product. Growing demand for sustainable packaging and increasing awareness for quality products are the key factors driving the market growth during the forecast period. In addition, disposable income and increasing demand across various end-use industries such as healthcare, food & beverages, and pharmaceuticals are expected to fuel the market growth during the forecast period.

However, a lack of awareness among end-users is likely to hamper the market growth during the forecast period.

Based on Product Type, the market is bifurcated into Color-Based and Barcode-Based. The Color-Based segment is estimated to hold the largest market share during the forecast period.

Based on Technology, the market is segmented into Photochemical, Enzymatic, Microbiological, Diffusion, Polymer-Based, and others. The Enzymatic segment witnessed the largest market share during the forecast period due to the rising adoption of intelligent packaging solutions for varied food systems.

Based on Label Information, the market is bifurcated into Critical Temperature Indicator (CTI), Critical Time Temperature Indicators (CTTI), and Time Temperature Indicators (TTI). The Critical Time Temperature Indicators (CTTI) segment is projected to hold the largest market share in the Time-Temperature Indicators market during the forecast period owing to easy access to essential storage information and cost benefits.

Based on Application, the market is bifurcated into Food and Beverages, Healthcare & pharmaceuticals, Chemicals and Fertilizers, and others. The Food and Beverages segment is projected to hold the largest market share in the Time-Temperature Indicators market during the forecast period owing to rising demand for intelligent packaging solutions to monitor the quality & shelf life of perishable food products.

Regionally, the North American region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period due to rising demand for interactive and smart packaging solutions.

On the other hand, Asia-Pacific accounted for the significant growth rate during the forecast period owing to the growing population and booming food & beverage industry are likely to boost the regional market growth.

Some of the prominent players are 3M Company, Temptime Corporation, Thin Film Electronics ASA, NiGK Corporation, La-Co Industries Inc., Freshpoint Quality Assurance Ltd., LCR Hallcrest Llc, Biosynergy, Inc., CCL Industries Inc., American Thermal Instruments, Timestrip UK Ltd., Evigence Sensors, DeltaTrak Inc., Bizerba SE & Co. KG and Insignia Technologies Ltd., among others.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Time-Temperature Indicators Market by product type, technology, label information, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • 3M Company
  • Temptime Corporation
  • Thin Film Electronics ASA
  • NiGK Corporation
  • La-Co Industries Inc.
  • Freshpoint Quality Assurance Ltd.
  • LCR Hallcrest Llc
  • Biosynergy, Inc.
  • CCL Industries Inc.
  • American Thermal Instruments
  • Timestrip UK Ltd.
  • Evigence Sensors
  • DeltaTrak Inc.
  • Bizerba SE & Co. KG
  • Insignia Technologies Ltd.

Product Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Color-Based
  • Barcode-Based

Technology Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Photochemical
  • Enzymatic
  • Microbiological
  • Diffusion
  • Polymer-Based
  • Others

Label Information Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Critical Temperature Indicator (CTI)
  • Critical Time Temperature Indicators (CTTI)
  • Time Temperature Indicators (TTI)

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Food and Beverages
  • Healthcare & Pharmaceutical
  • Chemicals and Fertilizers
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • Latin America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Time Temperature Indicators market size is estimated at USD 58.1 million in 2020, expanding at a CAGR 12.3% from 2021-2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

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