The Global Time-Temperature Indicators Market was valued USD 1.3 BN (by revenue) in the year 2018 as per the latest report by Value Market Research. The study anticipates this market to reach USD 2.40 BN by the end of 2025. The market is expected to grow at a high CAGR of 9% between 2019 and 2025. This report provides regional as well as global data on the current market dynamics along with the competitive landscape.
The time-temperature indicator is a technologically advanced device that provides real-time data associated with temperature and time. Principally, this device detects product degradation, which may take place by internal and external effects, by providing an alert notification. Such real-time information helps in monitoring the shelf lives of packaged food products, which are perishable in nature. Mainly they have application across the pharmaceutical, medical, and food sectors.
The report "Global Time-Temperature Indicators Market Report By Type (Full History Indicators and Partial History Indicators), Application (Food And Beverages, Healthcare and Pharmaceuticals, and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" analyzes the major trends, growth path, restraints and opportunities which helps to understand the market scenario in and out and also gives an idea about the untapped market.
The report seeks the rising adoption of time-temperature indicators across the pharmaceutical industry in order to track real-time information of medicine as the major factor to bolster the market growth. Also, this device has high application scope in the food and beverage industry for judging the freshness of the food product which is again fueling the growth of this industry. Further, the time-temperature indicators are increasingly being adopted by the packaging industry owing to the rising need to maintain the quality of seafood, meat, and ready-to-eat food products thus, adding to the market growth. Another major factor that augments the market expansion is increasing exports of perishables goods such as fresh foods, wine, fresh produce, etc.
The market of the time-temperature indicator has been segmented by type, application, and region. By type, the market has been bifurcated into full history indicators and partial history indicators. Out of these two, the full history indicators are gaining traction in the market since they are useful for monitoring the time and temperature exposure of food products. Also, they have a huge demand across pharmaceutical, food and beverage and biotechnology sector. By application, the market has been classified into food and beverages, healthcare and pharmaceuticals, and others. Food and beverage sector is currently holding highest share in the market owing to the rising demand for smart packaging solution to monitor quality & shelf life of the perishable food products. Regionally, the market has been studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Currently, Asia-pacific is ruling the global time-temperature indicator market owing to the booming food and beverage industry which is demanding smart packaging solution to meet the need of modern customer in the region.
The Report Segments Global Time-Temperature Indicators Market -
3M Company, Timestrip, Temptime Corporation, and Deltatrak Inc.
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