Global Growth and Market Outlook for Tamper-Evident Labels
The global tamper-evident labels market is projected to grow significantly, reaching USD 32.75 billion by 2033, up from USD 18.54 billion in 2023. This represents a steady compound annual growth rate (CAGR) of 6.00% from 2024 to 2033.
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Key Trends and Insights
The growing environmental awareness is no longer just a passing trend; it’s becoming a key focus for businesses. Companies are increasingly recognizing the importance of sustainable practices, not only for the planet but also for their bottom line. In fact, 71% of consumers have made a purchase after considering the sustainability rating of a product. As a result, the use of biodegradable materials has surged, alongside innovative designs aimed at reducing waste. There’s also a noticeable rise in companies introducing recyclable tamper-evident labels.
Technology is also playing a significant role in the evolution of labels. Smart labels, equipped with near-field communication (NFC) chips, are now gaining traction. These labels allow consumers to access real-time information about a product, including its background, authenticity, and usage instructions, simply by scanning with their smartphones.
To ensure products reach customers in perfect condition, many brands are turning to tamper-evident labels, secure closures, and durable materials. Another important aspect of this trend is the unboxing experience, which enhances brand loyalty and is often shared on social media by consumers.
Blockchain technology is also making waves in the packaging industry. By integrating blockchain, brands can boost transparency and traceability throughout the supply chain. Consumers can scan a QR code on a product’s packaging to access detailed information about its journey, helping verify authenticity and reducing the risk of counterfeit goods.
North America held the largest share of the tamper-evident labels market in 2023, accounting for 36.57%. This is largely due to strict regulations in the pharmaceutical and food sectors, coupled with a high level of consumer awareness about product authenticity. On the other hand, the Asia-Pacific region is expected to experience the fastest growth, with a CAGR of 8.18% during the forecast period, driven by the booming e-commerce market, rising middle-class incomes, and growing concerns about product safety.
Key Segment Analysis
- Product Segment Overview The void labels segment was the largest in 2023, holding a 40.21% share. Void labels are known for their unique security features. When removed, they leave behind a visible, irreparable mark, such as the word “VOID” or a custom design tailored to the brand. These labels act as a robust safeguard for product authenticity and warranties. Typically applied to vulnerable points of products, void labels make any tampering immediately visible. They are especially popular in industries like pharmaceuticals, consumer electronics, and food and beverages, where preventing fraud and tampering is crucial.
- End-Use Industry Segment Overview The healthcare and pharmaceuticals sector dominated the tamper-evident labels market in 2023. This is due to strict regulatory requirements and the increasing demand for product safety. Additionally, the rise in healthcare spending and the growth of biologics and specialty drugs are driving the demand for tamper-evident labels. The over-the-counter (OTC) sector is growing rapidly, creating new opportunities for companies. According to IQVIA Consumer Health’s forecasts, the OTC market is expected to grow at a rate of 5.4% by 2025, further boosting the demand for tamper-evident solutions. The e-commerce boom is also contributing to this growth, with online sales of healthcare products increasing from 27% in 2019 to 34% in 2022.
Recent Developments by Key Market Players
- In April 2023, Schreiner MediPharm launched a tamper-evident solution with a void effect. This innovative product makes it impossible for fraudsters to reuse original packaging. The custom Void-Labels reveal hidden messages when peeled, making tampering immediately apparent. These labels also incorporate authentication features, both visible and hidden, providing proof of product validity.
- In April 2022, VPF introduced VPF 100328, a new adhesive paper for tamper-evident labels. This material, which leaves a white checkerboard pattern after tampering, provides forgery-proof security comparable to film-based labels. It’s ideal for securing food packaging, pharmaceuticals, and high-end cosmetics and technology products, even on challenging surfaces like cardboard or folding cartons.
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