Global ripeness indicator labels: Market Introduction
Increasing traction for intelligent label solutions among food and beverages, pharmaceuticals, and electrical & electronics sectors, enables the manufacturers to focus on product development and technological advancement. Due to lack of cold chain facilities for fresh produce, massive amount of food is getting wasted globally. Therefore, ripeness indicators labels provide a better solution to mitigate this problem. Ripeness indicator labels respond to the aroma released from the fruits as they ripen, giving consumers a convenient solution to determine the shelf life of the product. Ripeness indicator labels change colour to indicate the ripeness of fruit it contains. Moreover, ripeness indicator labelling packaging solution is expected to ring significant efficiencies to the fresh produce industry by reducing the wastage. The ripeness indicator labels change colour according to how fast the fruit ripens, changing the labels through a range of colours. Ripeness indicator labels offer a convenient solution to match the colour of the label according to eating preferences.
Global ripeness indicator labels: Market Dynamics
With global labels market worth over 40 Bn and anticipated to expand at a CAGR of over 5%, the demand for smart labels tends to drive the market share of ripeness indicator labels. Ripeness indicator labels market is growing on the backdrop of the food industry. The key factor driving the market share of ripeness indicator labels market is the consumer preference towards sustainable packaging solution as ripeness indicator labels are recyclable. Ripeness indicator labels offer a convenient solution to consumers as consumers can choose and consume fruits according to their eating preferences. Furthermore, ripeness indicator labels help in wastage reduction as the colour of the products indicates the ripeness of the product and the product can be timely consumed.
Moreover, ripeness indicator labels offer an efficient packaging solution to the fresh produce industry, reducing wastage and eliminating the old selling process of loose, unripe products into bins, where the product is bruised or squeezed to determine the ripeness. Ripeness indicator labels help consumers in determining the shelf life of the product thus accentuating the market share of ripeness indicator labels. Growing number of supermarkets, retail outlets, etc. propelling the market share of ripeness indicator labels. Also, the trend of shifting from unorganized sector to organized sector will increase market demand for ripeness indicator labels.
Despite the favourable conditions for the growth of ripeness indicator labels market, there are certain factors that hinder the growth, such as the use of plastic in manufacturing ripeness indicator labels.
Global ripeness indicator labels: Regional Outlook
Ripeness indicator labels market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America is expected to dominate the overall market share throughout the forecast period due to an increased number of supermarkets and retail outlets in the region. APAC region is anticipated to represent the high growth opportunity owing to the availability of low cost of raw materials in the region. The European region is expected to register significant market share over the forecast period due to increasing shipping and logistics sector in the region during the forecast period.
Global ripeness indicator labels: Key Players
RipeSense is the world's first intelligent ripeness indicator label, developed in New Zealand by Jenkins Group, in partnership with HortResearch. However, the ripeness indicator labels provides manufacturers to gain lucrative market opportunity during the forecast period.
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
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Global ripeness indicator labels: Market Segmentation
Ripeness indicators market is segmented on the basis of material type, thickness, printing technology type and region.
On the basis of material type, ripeness indicator labels market can be segmented into
- Polypropylene (PP)
- Polyethylene (PE)
- Polyvinyl (PVC)
On the basis of thickness, ripeness indicators labels market can be segmented into
- Less than 40 microns
- 40 to 100 microns
- 100-150 microns
- Above 150 microns
On the basis of printing technology type, ripeness indicator labels market can be segmented into
- Digital printing
- Flexographic printing
- Offset printing
- Detailed overview of parent market
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- Historical, current and projected market size in terms of volume and value
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