Time Temperature Indicators Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
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.)
Table Of Content
1. Time Temperature Indicators Market Overview Refrigerants
1.1. Product Overview and Scope of Time Temperature Indicators
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Time Temperature Indicators Market Size Growth Rate Analysis by Product Type 2020 VS 2027
1.3.1. Color-Based
1.3.2. Barcode-Based
1.4. Global Time Temperature Indicators Consumption Comparison by Technology: 2020 VS 2027
1.4.1. Photochemical
1.4.2. Enzymatic
1.4.3. Microbiological
1.4.4. Diffusion
1.4.5. Polymer-Based
1.4.6. Others
1.5. Global Time Temperature Indicators Consumption Comparison by Label Information: 2020 VS 2027
1.5.1. Critical Temperature Indicator (CTI)
1.5.2. Critical Time Temperature Indicators (CTTI)
1.5.3. Time Temperature Indicators (TTI)
1.6. Global Time Temperature Indicators Consumption Comparison by Application: 2020 VS 2027
1.6.1. Food and Beverages
1.6.2. Healthcare & Pharmaceutical
1.6.3. Chemicals and Fertilizers
1.6.4. Others
1.7. Global Time Temperature Indicators Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.7.1. North America Time Temperature Indicators Estimates
1.7.2. Europe Time Temperature Indicators Estimates
1.7.3. Asia-Pacific Time Temperature Indicators Estimates
1.7.4. Latin America Time Temperature Indicators Estimates
1.7.5. Middle East & Africa Time Temperature Indicators Estimates
2. Market Competition by Manufacturers
2.1. Global Time Temperature Indicators Revenue Market Share by Manufacturers (2020)
2.2. Time Temperature Indicators Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Time Temperature Indicators Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Time Temperature Indicators Production Sites, Area Served, Product Types
2.5. Time Temperature Indicators Market Competitive Situation and Trends
2.5.1. Time Temperature Indicators Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Time Temperature Indicators Consumption by Region (2016-2021)
3.1. Global Time Temperature Indicators Consumption by Region
3.2. Global Time Temperature Indicators Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Time Temperature Indicators Consumption Growth Rate (2016-2021)
3.2.3. North America Time Temperature Indicators Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Time Temperature Indicators Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Time Temperature Indicators Consumption Growth Rate (2016-2021)
3.2.7. Europe Time Temperature Indicators Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Time Temperature Indicators Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Time Temperature Indicators Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Time Temperature Indicators Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Time Temperature Indicators Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. Latin Korea
3.2.13. Latin America
3.2.14. Latin America Time Temperature Indicators Consumption Growth Rate (2016-2021)
3.2.15. Latin America Time Temperature Indicators Consumption, Price and Gross Margin (2016-2021)
3.2.16. Latin America Time Temperature Indicators Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Time Temperature Indicators Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Time Temperature Indicators Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Time Temperature Indicators Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. Latin Africa
4. Global Time Temperature Indicators Consumption by Product Type (2016-2021)
4.1. Global Time Temperature Indicators Price by Product Type (2016-2021)
4.2. Global Time Temperature Indicators Revenue Market Share by Product Type (2016-2021)
4.2.1. Color-Based
4.2.2. Barcode-Based
5. Global Time Temperature Indicators Consumption by Technology (2016-2021)
5.1. Global Time Temperature Indicators Price by Technology (2016-2021)
5.2. Global Time Temperature Indicators Revenue Market Share by Technology (2016-2021)
5.2.1. Photochemical
5.2.2. Enzymatic
5.2.3. Microbiological
5.2.4. Diffusion
5.2.5. Polymer-Based
5.2.6. Others
6. Global Time Temperature Indicators Consumption by Label Information (2016-2021)
6.1. Global Time Temperature Indicators Price by Label Information (2016-2021)
6.2. Global Time Temperature Indicators Revenue Market Share by Technology (2016-2021)
6.2.1. Critical Temperature Indicator (CTI)
6.2.2. Critical Time Temperature Indicators (CTTI)
6.2.3. Time Temperature Indicators (TTI)
7. Global Time Temperature Indicators Consumption by Application (2016-2021)
7.1. Global Time Temperature Indicators Price by Application (2016-2021)
7.2. Global Time Temperature Indicators Revenue Market Share by Application (2016-2021)
7.2.1. Food and Beverages
7.2.2. Healthcare & Pharmaceutical
7.2.3. Chemicals and Fertilizers
7.2.4. Others
8. Key Companies Profiled
8.1. 3M Company
8.1.1. 3M Company Time Temperature Indicators Corporation Information
8.1.2. 3M Company Time Temperature Indicators Product Portfolio
8.1.3. 3M Company Time Temperature Indicators Consumption, Price and Gross Margin (2016-2021)
8.1.4. 3M Company Main Business and Markets Served
8.1.5. 3M Company Recent Developments/Updates
8.2. Temptime Corporation
8.3. Thin Film Electronics ASA
8.4. NiGK Corporation
8.5. La-Co Industries Inc.
8.6. Freshpoint Quality Assurance Ltd.
8.7. LCR Hallcrest Llc
8.8. Biosynergy, Inc.
8.9. CCL Industries Inc.
8.10. American Thermal Instruments
8.11. Timestrip UK Ltd.
8.12. Evigence Sensors
8.13. DeltaTrak Inc.
8.14. Bizerba SE & Co. KG
8.15. Insignia Technologies Ltd.
9. Marketing Channel, Distributors and Customers
9.1. Marketing Channel
9.2. Time Temperature Indicators Distributors List
9.3. Time Temperature Indicators Customers
10. Market Dynamics
10.1. Time Temperature Indicators Industry Trends
10.2. Time Temperature Indicators Growth Drivers
10.3. Time Temperature Indicators Market Challenges
10.4. Time Temperature Indicators Market Restraints
11. Global Time Temperature Indicators Consumption and Demand Forecast, by Region (2022-2027)
11.1. Global Forecasted Demand Analysis of Time Temperature Indicators, by Regions and Country
11.1.1. North America Forecasted Consumption of Time Temperature Indicators by Country
11.1.2. Europe Market Forecasted Consumption of Time Temperature Indicators by Country
11.1.3. Asia Pacific Market Forecasted Consumption of Time Temperature Indicators by Region
11.1.4. Latin America Forecasted Consumption of Time Temperature Indicators by Country
11.1.5. Middle East and Africa Forecasted Consumption of Time Temperature Indicators by Country
12. Global Time Temperature Indicators Consumption and Demand Forecast, by Product Type Segments (2022-2027)
12.1. Global Forecasted Consumption of Time Temperature Indicators by Product Type Segments(2022-2027)
12.2. Global Consumption and Price Forecast by Product Type Segments (2022-2027)
12.3. Global Forecasted Growth Rate of Time Temperature Indicators by Product Type Segments(2022-2027)
13. Global Time Temperature Indicators Consumption and Demand Forecast, by Technology Segments (2022-2027)
13.1. Global Forecasted Consumption of Time Temperature Indicators by Technology Segments(2022-2027)
13.2. Global Consumption and Price Forecast by Technology Segments (2022-2027)
13.3. Global Forecasted Growth Rate of Time Temperature Indicators by Technology Segments(2022-2027)
14. Global Time Temperature Indicators Consumption and Demand Forecast, by Label Information Segments (2022-2027)
14.1. Global Forecasted Consumption of Time Temperature Indicators by Label Information Segments(2022-2027)
14.2. Global Consumption and Price Forecast by Label Information Segments (2022-2027)
14.3. Global Forecasted Growth Rate of Time Temperature Indicators by Label Information Segments(2022-2027)
15. Global Time Temperature Indicators Consumption and Demand Forecast, by Application Segments (2022-2027)
15.1. Global Forecasted Consumption of Time Temperature Indicators by Application Segments(2022-2027)
15.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
15.3. Global Forecasted Growth Rate of Time Temperature Indicators by Application Segments(2022-2027)
16. Research Finding and Conclusion
17. Methodology and Data Source
17.1. Methodology/Research Approach
17.1.1. Research Programs/Design
17.1.2. Market Size Estimation
17.1.3. Market Breakdown and Data Triangulation
17.2. Data Source
17.2.1. Secondary Sources
17.2.2. Primary Sources
17.3. Author List
17.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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