A recent Future Market Insights’ report suggests the tamper evident packaging industry is likely to expand, encouraged by the noteworthy ballooning in food delivery. From 2022-2032, the market is forecast to flourish at an 8% value CAGR, reaching a market value of US$ 3.8 Billion. By the end of 2022, tamper evident packaging market value is expected to total US$ 1.76 Billion.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2022 | US$ 1.76 Billion |
| Projected Market Value in 2032 | US$ 3.8 Billion |
| Global Growth Rate (2022 to 2032) | 8% CAGR |
The penetration of tamper evident packaging in grocery fresh perimeter departments was rising even before the pandemic. As time went by, the arrival of concepts like third-party delivery brought fortune to the tamper-evident packaging, validating supplementary assurance in the quality and safety of food became a more present thought.
To cater to customers’ paramount demand for food safety, packaging manufacturers and their retail partners are compelled to develop innovative products and solutions. Companies like Innoseal Systems Inc., Inno-Pak LLC, and Novolex are finding new solutions to address the issue.
For instance, in Sept 2021, Chromatic Technologies, Inc. (CTI) created an innovative technology to help inspect the product’s condition, securing supply chains with printable sensors for pharma products and vaccines. Although this area of application is in dire need of sophisticated, sensitive security procedures, the food market can accomplish its mechanisms with much cheaper and easy-to-manufacture options that enable a quicker and wider distribution.
Tamper-evident packaging has long been perceived as a prerequisite for most food, beverage, pharmaceutical, nutraceutical, and cosmetic items for consumer assurance. There is an extensive range of existing tamper-evident technologies in the packaging industry that consumers can benefit from, such as tear-away tamper-evident bands on plastic closures, induction seal liners, and heat shrink bands.
However, lately, decorative tamper-evident labels have picked up steam as a medium to bestow a tamper-evident aspect to existing stock bottles and closures components without entailing component re-design while maintaining, or improving, shelf appeal.
Several new entrants are providing a modern approach to the aforementioned industry through high-tech product launches and increasing partnerships. For instance, Fasicuchain is a blockchain platform enabling product tracking and tracing. It provides product traceability and authenticity solutions as it moves along the supply chain.
It digitizes product packaging using cryptographic labels and makes them tamper-proof. Supply chain stakeholders can view product attributes, interact with each other and validate provenance.
Tamper-evident packaging solutions find extensive application in pharmaceuticals, following definite guidelines directed by FDA and European Union.
The U.S. Food and Drug Administration necessitates the usage of tamper-evident packaging for over-the-counter drug packaging. It defines tamper-evident packaging as “one having one or more indicators or blockades to entry which, if breached or missing, can reasonably be likely to deliver visible evidence to consumers that tampering has occurred.”
Future Market Insights’s recent analysis forecasts that the temper-evident packaging is further likely to gain huge market traction, driven by the increasing shift in consumer buying patterns.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Packaging in today’s world calls for a multi-functional approach of the designing of the product. With the race to reduce the overall cost of production, manufacturers have innovated with the packaging design. This has led to a shift to flexible packaging, low use of material, low cost of storage and low transport cost. In this day and age another functionality that manufacturers need to take into account is safety. With the on the go lifestyle settling in, people expect the products they have purchased to be safe to consume.
The rising awareness among consumers and stringent regulations laid down by national and international authorities on the safety of product packaging has led to a shift in design. Deliberate or unintentional tampering of food products has been witnessed in the past leading to catastrophic events which required a more careful approach to packaging. This has led to the advent of tamper evident packaging.
Tamper evident packaging allows for the observer to identify whether the package has been tampered with or not. The indicators are either visual or audible. The indicators are usually mentioned on the packaging for the observer’s convenience. Tamper evident packaging is now also being adopted by the food and beverages, cosmetics industry, and the healthcare industry.
With the scare from the Tylenol scandal in 1982 that led to the death of 7 people due to poisoning the Food and Drug Administration has strictly enforced tamper evident packaging for pharmaceutical manufacturers. With the exponential growth witnessed by the pharmaceutical industry, tamper evident packaging market is pegged for steady growth throughout the forecast period of 2016 - 2024.
Food and beverages industry and the cosmetics industry have also picked up on tamper evident packaging due to the rising safety concerns. The ever growing food and beverage industry will positively impact the tamper evident packaging market. However, the stringent regulations specifically in the pharmaceutical industry call for the testing of tamper evident packaging and the adherence of the packaging to guidelines that have been laid down. This is likely to negatively impact the tamper evident packaging market growth.
Principal Consultant
In terms of geography, the tamper evident packaging market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.
The tamper evident packaging market is expected to exhibit an above average CAGR during the forecast period. Asia pacific market is expected to witness a raise in demand in the region. As a result, tamper evident packaging is pegged to witness a growth in demand in the forecasted period.
Some of the key players in the tamper evident packaging market are DuPont, Schreiner Group, Ampac Holding LLC., Baker & McKenzie LLP, Placon, Dynacorp, Enercon industries Corporation, Traco Manufacturing, Inc., Interpack Ltd., Seal King Europe, Harcor.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Based on the product type, the tamper evident packaging market is segmented into
Based on the end use, the tamper evident packaging market is segmented into:
Based on the Material type, the tamper evident packaging market is segmented into:
Explore Packaging Insights
View Reports
Tamper Evident Packaging Market
