The major growth driver in the global time temperature indicator labels market is the rising focus on the smart packaging for the pharmaceutical industry. This is due to pharmaceutical products’ sensitivity to temperature. These products also need proper care and handling, as inappropriate packaging can cause huge losses and can even cause health hazards for consumers. Another factor for the growth of this market is the increase in the exports of perishables goods, such as fresh foods, wine, fresh produce, etc. The rising demand for low-cost solutions regarding temperature monitoring also contributes to the expansion of the time temperature time indicator labels market. The increasing demand for time temperature indicator labels from various sectors, such as wine, chemicals, and seafood, is also fuelling the expansion of the global market for time temperature indicator labels.

Sarasota, FL -- (SBWire) -- 10/12/2018 --Global Time Temperature Indicator Labels Market: Overview

Time temperature indicators are devices that provide data about time and temperature of products in real time. These devices are commonly used in the pharmaceutical, medical, and food sectors to safeguard their products from being exposed to extreme temperatures. The interest toward this product is growing, as it helps in monitoring the shelf lives of various packaged products, which are perishable in nature.

Global Time Temperature Indicator Labels Market: Growth Factors

The major growth driver in the global time temperature indicator labels market is the rising focus on the smart packaging for the pharmaceutical industry. This is due to pharmaceutical products' sensitivity to temperature. These products also need proper care and handling, as inappropriate packaging can cause huge losses and can even cause health hazards for consumers. Another factor for the growth of this market is the increase in the exports of perishables goods, such as fresh foods, wine, fresh produce, etc. The rising demand for low-cost solutions regarding temperature monitoring also contributes to the expansion of the time temperature time indicator labels market. The increasing demand for time temperature indicator labels from various sectors, such as wine, chemicals, and seafood, is also fuelling the expansion of the global market for time temperature indicator labels.

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Global Time Temperature Indicator Labels Market: Segmentation

The global time temperature indicator labels market can be divided based on product type, end use, label information, and technology. On the basis product type, the time temperature indicator labels market can be divided into color based and barcode based. Based on end use, the time temperature indicator labels market can be segmented into pharmaceuticals, chemicals and fertilizers, food and beverages, and others. On the basis of label information, the time temperature indicator labels market can be classified into critical temperature indicators (CTI), time temperature indicators (TTI), and critical time temperature indicators (CTTI). Based on technology, the time temperature indicator labels market can be segmented into enzymatic, photochemical, polymer-based, diffusion, microbiological, and others.

Global Time Temperature Indicator Labels Market: Regional Analysis

Based on regions, the global time temperature indicator labels market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In the Asia Pacific region, developing countries, like India and China, are anticipated to hold a substantial market share of the global time temperature indicator labels market in the upcoming years. This is due to the rise in the number of e-commerce businesses, supermarkets, retail stores. Indian e-commerce sector is anticipated to have good growth potential, and its growth will further increase temperature monitoring technology's demand in this region. In the European and North American region, developed countries, like Germany, the U.S., etc., are expected to show a steady growth, as various industries, such as food, meat, and dairy, have started using the time temperature indicator labels.

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Global Time Temperature Indicator Labels Market: Competitive Players

The key market players of the global market for time temperature indicator labels include Thin Film Electronics, 3M Company, DeltaTrak, Insignia Technologies, The JRI Co., Varcode Ltd., Temptime Corp., LCR Hallcrest, American Thermal Instruments, Bizerba SE & Co., Freshpoint Quality Assurance, CCL Industries, ShockWatch, NiGK Corporation, Varcorde Ltd., Timestrip UK Ltd., and Biosynergy, among several others.

Global Time Temperature Indicator Labels Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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