PUBLISHER: Data Bridge Market Research | PRODUCT CODE: 1350161
PUBLISHER: Data Bridge Market Research | PRODUCT CODE: 1350161
The Asia-Pacific time temperature indicator labels market is expected to reach USD 404.96 million by 2030 from USD 248.38 million in 2022, growing at a CAGR of 6.4% in the forecast period of 2023 to 2030.
Asia-Pacific Time Temperature Indicator Labels Market, By Response Mechanism (Partial History Indicator, Full History Indicator, Chill Temperature, Temperature Abuse, and Frozen Temperature), Label Information (Critical Temperature Indicator, Critical Temperature/Time Indicator, Time Temperature Indicator or Integrators, and Humidity Sensing), Principle (Chemical Response, Physical Response, and Enzymatic or Biological Response), Application (Food & Beverages, Pharmaceutical, Chemicals & Fertilizers, Flowers, and Cosmetics), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030.
Market Dynamics
Drivers
Growing surge for transparency of product labeling
Rising use of Time Temperature Indicator (TTI) labels in food & beverage and pharmaceutical industries
Restraints
Increase in cost of end products with labels
The availability of other smart and intelligent labeling solutions
Opportunities
Rising initiatives by key manufacturers
Continuous advancements in automation and technologies