The study covers a detailed analysis segmented by key business segments i.e. by type (RFID Tags, Barcode, NFC Tags and Others) and major geographies. Research Analyst at AMA predicts that American Vendors will contribute to the maximum growth of Global Tamper Proof Labels market throughout the predicted period.
What is Tamper Proof Labels?
Tamper proof labels are used to prevent unsanctioned access to protected and sensitive products. These labels use self-adhesive material at the base which are suitable for variety of surfaces. Increasing cases of products tampering and stringent regulations to protect the same have resulted in companies adopting tamper proof labels to enhance product security and strengthen their brand image. Sales of counterfeit products has become a key area of concern as close to 7-8% of world’s trade is affected by it. This rising cases of counterfeit products have further strengthen the need to have tamper proof labels and such practices are largely adopted by pharmaceuticals, and cosmetic & personal care products.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Tamper Proof Labels market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- Tesa SE (Germany)
- 3M (United States)
- Avery Dennison Corporation (United States)
- Sticky things limited (United Kingdom)
- Labeling Systems (United States)
- Dunmore Corporation (United States)
- Peter Lynn Limited (United Kingdom)
- Adampak (Singapore)
United States’ Food and Drug Administration has outlined regulatory guidelines which deals with the requirement of tamper-evident packaging. The body has established a uniform national requirement for tamper-evident packaging of OTC (Over-the-counter) drug products that will improve the security of OTC drug packaging and help assure the safety and effectiveness of OTC drug products. An OTC drug product (except a dermatological, dentifrice, insulin, or lozenge product) for retail sale that is not packaged in a tamper-resistant package or that is not properly labeled under this section is adulterated under section 501 of the act or misbranded under section 502 of the act, or both.
Market Trend
Growing Use of Tamper Proof Labels in Pharmaceuticals and Increasing Prevalence of Customized and Creative Labeling
Restraints
- Harmful Environmental Impact Owing to Complicated Recycling Process of Certain Tamper Evident Packaging, Like Blister Packs
Opportunities
Producing Environment-friendly Tamper Proof Labels
Key highlights of the Global Tamper Proof Labels market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Tamper Proof Labels market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Tamper Proof Labels market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Tamper Proof Labels Vendors
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tamper Proof Labels market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Tamper Proof Labels market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Tamper Proof Labels Manufacturers, Distributors/Traders/Wholesalers, Sub-component Manufacturers, Industry Association, Market and Research Firms, Downstream Vendors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.