HYDERABAD, TELANGANA, INDIA, February 25, 2022 /EINPresswire.com/ — Time Temperature Indicator Labels Market Forecasts to 2028 – Global Analysis By Product Type (Color and Barcode), Technology (Diffusion, Enzymatic and Others), Label Information (CTI, CTTI and TTI), End User and By Geography
The Global Time Temperature Indicator Labels Market is accounted for $784.52 million in 2020 and is expected to reach $1,495.67 million by 2028 growing at a CAGR of 8.4% during the forecast period. Rise in demand for labels in pharmaceutical industry, growing investments in research and development of packaging and increase in need for maintenance of temperature in medical transport are driving the market growth. However, lack of awareness regarding technology is hampering the growth of the market. The pharmaceutical segment is going to have lucrative growth during the forecast period owing to the rise in demand for drug and vaccine formulations and their storage and transportation. Europe is going to have high growth during the forecast period owing to the stringent regulations related to food safety and quality.
Some of the key players profiled in the Time Temperature Indicator Labels Market include 3M, Biosynergy, Inc., Bizerba SE & Co. KG, CCL Industries Inc., Deltatrak Inc., Freshpoint Quality Assurance Ltd., Insignia Technologies Ltd., JRI Company, La-Co Industries Inc., Lcr Hallcrest Llc., Nigk Corporation, ShockWatch, Inc., Temptime Corporation, Thin Film Electronics Inc., and Varcode.
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