Tamper Evident Labels Market: Current Status, In-depth Analysis and Forecast Outlook 2031
The tamper-evident labels market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The increasing end-use application of tamper-evident labels in the pharmaceutical industry to prevent unlawful reuse of original containers and avoid any criminal tampering is expected to offer lucrative growth opportunities for the global tamper-evident labels market. The requirement to protect pharmaceutical products with improved safety has risen in recent years due to the prevalence of drug counterfeiting. According to the US Department of Health & Human Services, around 9%-41% of medicines sold in low- and middle-income countries are counterfeit. Prevalence of low-quality products sold under a similar brand name, resealing of used items, and replacing premium quality products with an inferior substitute, especially in the pharmaceutical sector is expected to drive the market.
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Tamper evident labels are designed to prevent “falsified medicines” from entering the legal prescription supply chain and protect patients against the potential administration of ineffective or harmful medications. In the pharmaceutical industry, tamper-evident labels are used to improve the security of medicines and avoid any criminal tampering. With the increasing need for patient safety, manufacturers are investing in developing easy-to-use labels to provide protection against tampering and illegal contamination of drugs. For instance, in February 2022, Schreiner MediPharm created a tamper-resistant label for vials that includes a clear and irreversible first-opening indication. To use the vial, a label integrated tear strip is peeled off that cannot be resealed. Furthermore, a warning message will emerge that the vial has been opened. The label will include special features such as a detachable documentation label, a transparent inspection window, a light protection function, or integrated near-field communication (NFC)/ radio frequency identification (RFID) chips for digital applications.
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Market Coverage
o By Material Type
o By Technology
o By End-use Industry
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
Tamper Evident Labels Market Report Segment
By Material Type
By Technology
By End-use Industry
Tamper Evident Labels Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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