Tamper Evident Labels Market Projected to Experience Major Revenue Boost during the Period between 2018-2028

Posted on 2019-04-16 by Mark Hub in Retail // 0 Comments

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The tamper evident labels market report is an extensive research study covering various aspects circling the tamper evident labels space. Key factors influencing growth in demand and sales of tamper evident labels such as drivers, trends, restraints and opportunities are included in the tamper evident labels market report. The report on tamper evident labels market includes historical analysis, current tamper evident labels scenario and future projections on tamper evident labels carried out across key regions in the globe.

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New EU Legislation to Impact the Tamper Evident Labels Marketplace

World Health Organization (WHO) revealed that about 50 percent product recalls across pharmaceutical applications annually are largely attributed to incorrect labeling and errors in artwork. Albeit growing pressure on artwork teams owing to increasing “speed-to-market” and “on-time product launch” requirements, government bodies have compelled pharmaceutical manufacturers to adopt serialization codes to every pack. The new EU legislation, the FMD (Falsified Medicines Directive) 2011/62/EU has paced two main demands on the packaging of pharmaceutical products, viz., unique serial number to be allotted to each pack in order to authenticate and identify individual products and secondly, all products should be sealed in a manner that can enable tamper verification. Against this backdrop, manufacturers of tamper evident labels have developed a range of tamper evident labels to remain aligned with the Falsified Medicines Directive, particularly for over-the-counter high risk medicines and prescription drugs.

Re-sealing Brand Protection and Maintaining Consumer Confidence Driving Sales of Tamper Evident Labels

The demand for tamper evident labels is expected to rise on the back of increasing focus of manufacturers on brand protection and consumer confidence. Tamper evident labels are designed in a way that resist unauthorized access to a certain extent. Tamper evident labels include various layers of protective material that make it difficult to reach the end product, leaving signs of tampering. With asset-tracking capabilities of tamper evident labels, cost savings, protection against counterfeits, and brand integrity is ensured, which in turn retain consumer confidence. From a long-term perspective, manufacturers of industrial goods are opting for tamper evident labels, which is expected to fuel the growth of the market in the forthcoming years.

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Eco-Friendly Tamper Evident Labels in the Offing

With growing consumer inclination toward environment health, the demand for biodegradable tamper evident labels is likely to witness a significant boost in the coming years. Manufacturers of tamper evident labels have been focusing on composite and organic tamper evident labels in a bid to cater to the growing demand from end use industries such as pharmaceutical and food and beverage sectors. For instance, manufacturers of tamper evident labels such as the Mega Fortis Group launched environment friendly green biodegradable range of tamper evident labels. This range includes tamper evident labels that are compliant with ISO 14021:1999 Standard, highly stable, nontoxic and are biodegradation verified labels with ASTM D5511, ASTM D5338, and ISO DIS 15985 certifications.

RFID Technology Proliferating in the Tamper Evident Labels Marketplace

Manufacturers of tamper evident labels are focusing on integrating their products with RFID and NFC technologies in a bid to prevent counterfeiting and bioterrorism of products. For instance, Identiv Inc., has launched state-of-the-art tamper proof RFID tamper evident labels that ensure protection of products and brand protection in retail, pharmaceutical, and transportation industries and are particularly designed for wine and spirit bottles and any other product that needs broken-seal detection and tamper prevention. In addition, each label includes variable data with end user’s name and barcode or numbering.

Competitive Landscape

The tamper evident labels market report includes detailed analysis on key companies involved in the manufacturing of tamper evident labels. Various aspects of major players including product portfolio, developments, innovations, mergers and acquisitions, key strategies and other financials are covered in the tamper evident labels market report. The report on tamper evident labels market has profiled companies such as 3M, Avery Dennison Corporation, Identiv Inc., and Lintec Corporation.

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