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Freshness Indicator Labels Market

Market Insights on Freshness Indicator Labels covering sales outlook, demand forecast & up-to-date key trends

Freshness Indicator Labels Market by Indicator Type, Application, End Use & Region - Forecast 2022 - 2032

Freshness Indicator Labels Market Snapshot (2022 - 2032)

According to Future Market Insights research, during the projected period, the global freshness indicator labels market is set to enjoy a market valuation of US$ 126.3 Mn in 2022, and register a CAGR of 6.8% to reach US$ 243.8 Mn by 2032. The freshness indicator labels market revenues are estimated to propel with the top 5 companies projected to hold 20-25% of the global freshness indicator labels market by the end of 2022.

The bags & pouches segment by application is projected to hold the major portion of the global freshness indicator labels market. The target segment is estimated to account for around 41% of the market value share by the end of the forecast period.

Market Size 2022

US$ 126.3 Mn

Market Size 2032

US$ 243.8 Mn

Value CAGR (2022-2032)

6.8%

Collective Value Share: Top 3 Countries (2022E)

20-25%

The global freshness indicator labels market reached US$ 118.3 Mn for the year 2021, according to FMI analysis. The demand for the freshness indicator market is estimated to bolster with the top 3 countries estimated to hold approximately 20-25% of the global freshness indicator labels market by the end of 2022.

The freshness indicator labels market is projected to witness a growth outlook during the forecastable period. A new forecast by FMI anticipates that the freshness indicator labels market will rise during 2022-2032 and is anticipated to offer a growth opportunity of US$ 125.5 Mn.

The increased need for intelligent packaging to avoid food loss and to ensure quality product to consumer has fueled the demand for the freshness indicator labels. The freshness indicator labels market is anticipated to expand 2.1 times the current market value during the forecast period.

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Historic Market Outlook for Freshness Indicator Labels Market

The global freshness indicator labels market expanded at a CAGR of 6.2% during the historic period and reached US$ 118.3 Mn in 2021.

Intelligent packaging solution such as freshness indicator labels are been adopted by various brands among food and beverages. The rising urge for interactive packaging among the end use industries to drive customer engagement is expected to fuel demand for freshness indicator labels. Also, the increasing need for monitoring product quality and to ensure customer satisfaction fuels the demand for freshness indicator labels. The consumer can analyze and monitor the product quality & freshness before consuming the product, leading towards customer satisfaction & loyalty.

Temperature control is the major factor among the food and beverage to protect & preserve the product and extend its shelf life. On the backdrop of this, the demand for time-temperature indicators is anticipated to boost during the forecasted period.

The packaging manufacturers and converters are also focusing on providing innovative and smart packaging solutions. Overall, the end use industries are moving towards intelligent packaging formats from traditional packaging to ensure product safety along with providing user-friendly experience to modern consumers. Overall, the rising need for next-generation packaging among the end use industries boosts the market demand for freshness indicator labels across the globe.

How the Quality Indicating Labels and Technology Trending in the Fresh Produce Market Bolster the Demand for Freshness Indicator Labels?

The development of various types of smart and intelligent labeling and packaging products has enabled the major players in the fresh produce industry to ensure that the products reach the final consumers with their freshness intact. The introduction of time and temperature indicators is viewed as a path-breaking innovation by the major end-user industries. These indicators display the accumulated time and temperature history of the product with the help of an intelligent label. Moreover, freshness indicators made up of substances that change their color when the product inside the package start decaying, are the most trending intelligent packaging technology in the global fresh produce market. All these above-mentioned trends are fueling the global expansion of freshness indicator labels across the globe.

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How does the Changing Lifestyles of Consumers and Expansion of Organized Retail Industry Augment the Sales of Freshness Indicator Labels?

Significant changes in customer perception and buying behaviour have been driven by an increase in the number of educated consumers across all regions and the rapid urbanization. Modern consumers are more concerned with the appropriate packaging and thorough labelling for every product they purchase. For items to be sold directly to industrial or residential consumers, changes in governmental rules affecting the packaging and coding of products must be adhered with. Products cannot be marketed in the market if they do not adhere to the stringent packaging requirements established by regulatory bodies.

The development of the modern retail sector is also thought to play a significant role in driving demand for intelligent packaging solutions. The rise of organised retailing across all regions, combined with the aforementioned dynamic such as changes in consumer behaviors. Thus, the above-mentioned dynamic changes in the lifestyles of consumers, along with the expansion of organized retailing across all regions, provide a much-needed boost for the expansion of the global freshness indicator labels market

Category-wise Insights

Why the Time Temperature Indicator Label Segment is considered to be the Most Lucrative Segment among Others?

The time temperature indictaor label segment is projected to holda round 48% of the market value share by the end of 2022. Active packaging types have begun to outperform passive packaging types in recent years as a result of several technological advancements.The market leader in time temperature indicator labels provides temperature sensors to shippers so they can quickly determine whether a container has been opened while in transit.The rising demand for intelligent packaging solutions, as well as the increased use of time-temperature indicators in the pharmaceutical and chemical supply chains, are driving market growth.The increased emphasis on cold storage facilities as a component of supply chains in the food and beverage industry, as well as the growing need for temperature control in medicine transport, both have an impact on the market.

Which End Use Segment Fuels the Demand for Freshness Indicator Labels?

The food segment by end use fuesl the demand for freshness indicator labels along with registering a CAGR of 7.2% during 2022-2032. The surge in need for controlling and avoiding food wastage & food loss the demand for smart & interactive packaging solution including freshness indicator labels have propelled among the food manufacturers. Labels are frequently used to educate consumers about specific information, such as product composition, nutritional values, weights, and measurements. The purpose of freshness indicator labels is to give information on the caliber of the packaged food as well as a warning about a particular amount of product spoilage. The packed products time temperature content and CO2 gas level are all carefully stated on the freshness indication labels.

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Country-wise insights

Why Demand for the Freshness Indicator Label Market is Increasing in Germany?

Germany freshness indicator labels market is projected to grow 1.6 times the current market value during the forecast period. According to the World Economic Forum, Germany is the world's most advanced economy, with a score of 87.5 out of 100 in the innovation capability pillars, innovations, and people are used to technology for day-to-day activities, such as checking food quality or maintaining the moisture of product labels. The modern retail industry's evolution is also regarded as an important factor in driving demand for freshness indicator labels, with labels providing a variety of solutions to retailers worldwide. The technology's ease of use and numerous benefits will help the freshness indicator market have a bright future.

Why is the United States Considered the Most Lucrative Market for Freshness Indicator Labels?

According to the FMI analysis, the United States is projected to hold nearly 85% of the total North American market for freshness indicator labels during the forecasted years.

The freshness indicator labels helps in reducing food wastage & food loss by indicating and warning about the temperature and freshness level which helps in preserving the food and avoiding wastage. According to Food and Drug Administration (FDA), around 30-40% of the food supply is estimated to be food wasted every year in the United States due to the reasons such as spoilage, damage, and others. The time-temperature indicators can help to avoid this food wastage. Therefore, the increasing food wastage in the United States augments the sales of freshness indictaor labels.

Competitive Landscape

The key players manufacturing freshness indicator labels packaging are trying to focus on innovation by launching new products along with adopting the advancement in technology to cater to the demand. Also, the players are expanding their production capacity to meet the demand for smart, connected, and interactive packaging across the globe. Some of the latest development by the key players are as follows-

  • In September 2022, Insignia Technologies, announced the launch of a new automatic ‘After Opening Timer’, a technology that indicates to consumers how long a packet of food has been opened.
  • In January 2022, The JRI Company, published the article, EN 13485 standard relates to thermometers used for measuring the temperature of chilled, frozen, and deep-frozen food and ice cream during transport, storage, and distribution. It defines the methods of testing, performance, and suitability for use of these thermometers.

Scope of the Report

Attribute

Details

Growth Rate

CAGR of XX% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2017-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Units, and CAG for 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis

Segments Covered

  • Indicator Type
  • Application
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Key Countries Covered

  • US
  • Canada
  • Mexico
  • Brazil
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • India
  • GCC countries
  • Australia

Key Companies Profiled

Customization & Pricing

Available upon Request

Freshness Indicator Labels Market by Category

By Indicator Type, Freshness Indicator Labels Market is Segmented as:

  • Time Temperature Indicator Label
  • PH Indicator Label
  • Moisture Indicator Label
  • CO2 Gas Indicator Label

By Application, Freshness Indicator Labels Market is Segmented as:

  • Bottles & Jars
  • Trays & Clamshells
  • Cans
  • Boxes
  • Bags & Pouches
  • Wrapping Films

By End Use , Freshness Indicator Labels Market is Segmented as:

  • Food
    • Meat, Poultry, & Seafood
    • Fruits & Vegetables
    • Dairy Products
    • Bakery & Confectionary
    • Processed Food
    • Ready to Eat Food
    • Other Food Products
  • Beverage

By Region, Freshness Indicator Labels Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Frequently Asked Questions

The global freshness indicator labels market was valued at US$ 118.3 Mn in 2021.

During 2017-2021, the global freshness indicator labels market expanded at a CAGR of 6.2%.

The global freshness indicator labels market is projected to reach US$ 126.3 Mn by the end of 2022.

The food segment is estimated to remain the leading segment of the global freshness indicator labels market.

The high preference for advanced technology and safety during transit is anticipated to boost the demand for freshness indicator label packaging across the globe.

The Indian freshness indicator labels packaging market is anticipated to register a CAGR of 7.5% during 2022-2032.

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Ismail Sutaria
Principal Consultant
LinkedIn
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