According to Future Market Insights research, during the projected period, the global ripeness indicator labels market is set to enjoy a market valuation of US$ 3.3 Million in 2023, and register a CAGR of 5.7% to reach US$ 6.0 Million by 2033. The sales of the ripeness indicator labels are anticipated to bolster with the top 3 countries projected to hold around 15%-20% of the market in 2023.
The paper segment by the material is projected to hold the major portion of the global ripeness indicator labels market. The target segment is projected to accelerate at a CAGR of 5.3% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 3.3 Million |
| Market Size 2033 | US$ 6.0 Million |
| Value CAGR (2023 to 2033) | 5.7% |
| Collective Value Share: Top 3 Countries (2022E) | 15%-20% |
The global ripeness indicator labels market reached US$ 3.1 Million for the year 2022, according to FMI analysis. The ripeness indicator labels market is projected to witness a growth outlook during the forecastable period. A new forecast by FMI anticipates that the Ripeness indicator labels market will rise from 2023 to 2033 and is anticipated to offer a growth opportunity of US$ 2.6 Million.
The amplified need for smart packaging to avoid food loss and to safeguard quality products for consumers has fueled the demand for ripeness indicator labels. The ripeness indicator labels market is anticipated to increase 1.7 times the current market value during the forecast period.
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The global ripeness indicator labels market expanded at a CAGR of 3.4% during the historic period and reached US$ 3.1 Million in 2022.
Ripening is a development in fruits that causes them to become more pleasant to taste. Fruits become sweeter, juicer, and softer after seasoning. Aroma is released by the fruits as they season. As the fruit maturation cycle is completed ethylene is produced to induce a signal and starch breakdown is enlarged inside the food. Ripeness indicator labels indicate the ripeness of the fruits & shelf life at different time intervals it’s a new way to measure the ripeness of fruits. Ripeness indicator labels whiff the aroma and changes its color. According to the fruits, each color is demonstrated by the manufacturers to recognize the period of fruits to the consumers. Maturity color variations according to fruits. Every fruit has different ripening stages. Climacteric fruits evolve fully if they are garnered at the completion of their progress period & non-climacteric fruits can develop fully only if they are allowed to continue attached to the maternal plant. Ripeness indicator labels are a better solution to allay this problem. Ripeness indicator labels are expected to ring significant efficiencies to the fresh produce industry by reducing the surplus. Intelligent & Innovative packaging solutions such as ripeness indicator labels are been implemented by several brands for fruits. the increasing need for monitoring product quality and ensuring customer satisfaction fuels the demand for ripeness indicator labels. This helps manufacturers improve customer satisfaction & loyalty.
The development of several types of smart and intelligent labeling and packaging products has supported the major players in the fresh produce industry to safeguard that the products reach the final consumers with their ripeness intact. As buyers are getting information through ripeness indicator labels technology it has driven the market upward as transparency and food safety is increased. This technology has also worked as evidence. As quality is a concern part of the food industry collaboration between agriculture & technology has given a chance to consumers to trust the manufacturers. As appropriate information is given by ripeness indicator technology consumers are not consuming unripe fruits and decaying fruits which cause medical issues like stomach - aches & food poisoning. This has helped manufacturers regain customer loyalty after Covid - 19. Thus, All these above-mentioned trends are fueling the global expansion of ripeness indicator labels across the globe.
Principal Consultant
Due to the recent crisis, consumers are getting aware of health issues. As Covid - 19 gave a lesson to the world that spending money on healthy food is better than spending money on medical treatments. consumers are looking for natural and organic food compared to dried and processed food as it contains more vitamins, minerals, and antioxidants. The constant checks made on certified organic products and the use of composed manure have helped move to organic food like fruits, vegetables & grains. Consumption of organic food is better for the environment and helps the economy of the country this has boosted the global ripeness indicator labels market.
Overall, the packaging market had experienced an undesirable slant in demand due to various factors such as a go-slow in production, inadequate supply chain & logistics, and strict government restrictions that gave rise to high volatility of materials. Extra manufacturing costs due to sanitation were also trouble for manufacturers. The ripeness indicator labels market also faced the adverse effect of COVID-19 which caused a decline in sales. The major end-use industries such as the fruit segment were less affected by the COVID crisis which resulted in adequate demand for ripeness indicator labels. All these economic changes happened due to the health crisis, manufacturers are looking forward to innovative packing to regain consumer loyalty and satisfaction. The market for ripeness indicator labels is expected to rise at a faster pace during the forecast period.
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The paper segment is projected to accelerate at a CAGR of 5.3% from 2023 to 2033. Active and intelligent packaging took grown in recent years due to innovations and technological developments. Labels are used in a product for identification and displaying information like size, capacity, and storage information. Paper material is majorly used in the labels industry as it is more sustainable and recyclable. Paper provides great flexibility and clarity compared to other materials Different types of paper like fluorescent, foil, semi-gloss, and high-gloss papers are used. Adhesives like permanent, removable, rubber base and acrylic cold temperature are used according to paper to stick the paper. Fluorescent papers are available in bright colors like red, green, pink & orange. Clear polyester paper label is majorly used as they can withstand harsh weather condition and chemicals.
The world is getting more health conscious packaged food plays a key role in their life. Packaged food increases the shelf life, improves the quality, and protects the food against tampering. Most youths are consuming healthy raw food like fruits & vegetables as they have a good source of vitamins & minerals compared to processed food ripeness indicator labels will have high demand. India has one of the largest populations of youth that is health conscious. India will contribute major dough at a fast pace in uprising the ripeness indicator market. According to India Brand Equity Foundation IBEF, India's packaged food market is going to double in the next 5- 10 years due to the rising economy & e-commerce trends. Ripeness indicator labels will have sturdy growth in India and are projected to grow X times the current market value during the forecast period.
According to the FMI analysis, China is projected to hold nearly 6.1% of the total world market for ripeness indicator labels during the forecasted years. According to China.Org. Cn & International Tropical Fruits Network China is the world's largest fruit and vegetable producer and Importer in the world for a long time. As China is one of the leading importers of fruits for several years ripeness indicator labels will help china to increase the import of climatic fruits as information will be displayed on packages. This will help them to regain the economy which hamper in pandemic situations. China will play a major role in increasing the market value of ripeness indicator labels.
The key players manufacturing ripeness indicator labels 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.
As it’s a new innovation in the market companies have scope to enter & increase the sales of ripeness indicator labels.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.7% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR for 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material, Thickness, Printing Technolog Type |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan Countries; Baltic Countries; Middle East and Africa (MEA) |
| Key Countries Covered | United States of America, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, New Zealand, India, GCC countries, Australia |
| Key Players |
Jenkins Group |
| Customization & Pricing | Available upon Request |
The global ripeness indicator labels market was valued at US$ 3.1 million in 2022.
From 2017 to 2022, the global ripeness indicator labels market expanded at a CAGR of 3.4%.
The global ripeness indicator labels market is projected to reach US$ 3.3 million by the end of 2023.
The food segment is estimated to remain the leading segment of the global ripeness indicator labels market.
The high preference for advanced technology and safety during transit is anticipated to boost the demand for ripeness indicator label packaging across the globe.
The Indian ripeness indicator labels packaging market is anticipated to register a CAGR of 5.8% from 2023 to 2033.
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Ripeness Indicator Labels Market
