GLOBAL PH INDICATOR LABEL MARKET SIZE (2023 - 2030)

The Global PH indicator label market was valued at USD 32.3 Million and is projected to reach a market size of USD 2.9 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 90.2%.

Industry Overview:

Labels are frequently used to educate consumers about specific information, such as product composition, nutritional values, weights, and measurements. The purpose of the PH indicator label is to give information on the caliber of the packaged food as well as a warning about a particular amount of product spoilage. As a result, using a PH indicator label to check a product's quality status is a good idea. The packed products' time, temperature, moisture content, and CO2 gas level are all carefully stated on the freshness indication labels. PH indicator labels are stickers that gradually change colour. For instance, one type of label uses almost invisible ink that becomes red when food is tainted. Consumers and retailers can check the products' freshness from production to consumption with the aid of the PH indicator label.

COVID-19 Impact:

The COVID-19 outbreak completely changed the way people perceived health and lifestyle. Consumers became more aware and concerned about their overall health. It impacted everyone’s physical as well as mental health across the globe. Also, people are now more conscious about their food habits and the products concerned with them. They are now more aware and are looking forward to the packaging and freshness indication to gain insights about the products they consume on a daily basis. The COVID-19 pandemic did halt some industrial activity, including production and manufacturing processes. Consumer demand across practically all industries has decreased, and international trade between many nations has likewise ceased. The COVID-19 epidemic is also causing the packaging market to slow down. This includes effects brought on by self-isolation recommendations, manufacturers shifting their supply chains away from China, and changes to the packaging materials used for key commodities. The supply chain was also impacted by this pandemic and concerns were raised, which has further hampered the market expansion for indicator pH labels. Customers have cut themselves off because of the disease's spread. Amidst the chaos and market shutdowns, the e-commerce industry emerged and has become more prominent. The first quarter of 2020 saw a two-fold growth in online food transactions, which fuels the demand for indicator pH labels. The global pH indicator labels market is anticipated to expand overall throughout the projected period, despite the COVID-19 pandemic's negative effects.

MARKET DRIVERS

Increasing use by end use industries is driving growth in PH indicator label market

During the forecast period, the market for PH indicator label market is anticipated to increase due to the widespread use of these labels in end-use sectors including food and beverages, pharmaceuticals, and others. The PH indicator label market promotes food safety, ensuring that items are enjoyed at their best, assists in preventing food wastage, and saves money. During the forecast period, these factors are projected to accelerate the expansion of the global market for pH indication labels.

Advent of smart packaging is driving growth in PH indicator label market

The PH indicator label market is in compliance with smart packaging laws, which guarantee food safety. Government initiatives along with key players operating in the market align positively with the interest of the pH indicator market. Therefore, it is anticipated that the market for PH indicator label market will expand favourably over the forecast period.

Growing disposable income levels in developing countries is boosting the market growth:

The global pH indicator labels Market is estimated to rise as a result of growing disposable income levels and the change in consumer patterns among the consumers. It is also likely to be driven by the increasing awareness of healthy food products and the measurements associated with them. Consumers are now more aware and are ready to pay more for products with better features that provide sufficient information about the product’s freshness and quality.

MARKET RESTRAINTS

Growing Use of Rental Packaging Options is restraining growth in PH indicator label market

The option of renting containers has been introduced by a number of logistics and packaging companies, which has had a negative impact on the sales of pH indicator labels. For instance, Pelican Biothermal began providing 12-day standard rentals on demand for its passive Credo Xtreme carriers in 2017.

PH INDICATOR LABEL MARKET REPORT COVERAGE:

This research report on the global PH indicator label market has been segmented and sub-segmented based on end use, region, and companies.

PH indicator label market segmentation – By End Use

1. Food

2. Meat, Poultry and Sea food

3. Dairy Products

4. Bakery and Confectionery

5. Beverage

6. Pharmaceuticals

7. Others

Based on End-Use, the global pH indicator label market has been segmented into 7 segments – Food, Meat, Poultry and Seafood, Dairy Products, Bakery and Confectionery, Beverages, Pharmaceuticals, and Others.

In recent years, active packaging forms have begun to outperform passive packaging kinds due to various technical breakthroughs. The market leader in pH indicator labels offer shippers fitted with PH sensors that can instantly identify whether a container has been opened while in transit. Thermochromic labels are another option; they alter colour to show visually when shippers are prepared to pack.

PH indicator label market segmentation – By Region

1. North America

2. Europe

3. Asia-Pacific

4. South America

5. Middle East and Africa

Based on regions, the global pH indicator label market has been segmented into 5 major regions – North America, Europe, Asia-Pacific, South America, Middle East, and Africa.  

In terms of market value and volume for PH indicator label market, North America is anticipated to trail Western Europe and is anticipated to expand significantly over the course of the projection period. During the forecast period, Asia Pacific excluding Japan (APEJ) is anticipated to have a significant rise in the global market for PH indicator label. The market for PH indicator label in APEJ is projected to increase as end-use industries expand. During the projection period, India is anticipated to surpass other APEJ nations in terms of growth in the worldwide PH indicator label market, while China is anticipated to be a very appealing market. During the projected period, the markets for global PH indicator label market are anticipated to rise strongly in Eastern Europe and Japan. During the projected period, positive growth rates are anticipated in the markets for PH indicator label market in the Middle East, Africa, and Latin America.

PH indicator label market segmentation – By Company

1. 3M

2. CCL Industries Inc.

3. Temptime Corporation

4. Thin Film Electronics Inc.

5. Bizerba SE and Co. KG

6. Deltatrak Inc.

7. Biosynergy, Inc.

8. Freshpoint Quality Assurance Ltd.

9. Insignia Technologies Ltd.

10. La-Co Industries Inc.

11. Lcr Hallcrest Llc.

12. Nigk Corporation

13. JRI Company

14. ShockWatch, Inc.

15. Varcode

16. Cryolog S.A.

17. American Thermal Instruments

18. Vitsab International AB

19. Timestrip UK Ltd.

20. Cole-Parmer Instrument Company, LLC.

The market has seen a number of new regional and local manufacturers embrace the rental option as a result of these PH controlled packaging solutions, which has a detrimental impact on the position of the pH indicator label producers. However, only a small number of businesses mostly based in industrialised nations offer rental pH controlled pharmaceutical packaging options at the moment.

NOTABLE HAPPENINGS IN THE PH INDICATOR LABEL MARKET IN THE RECENT PAST:

• The introduction of cutting-edge pH indicator labels for packaging the frozen Covid-19 vaccination was announced by Timestrip in November 2020 to find vaccinations that are susceptible to temperature breaches was the primary goal.

• In 2020, Fresh & Easy in Torrance, California, and Bizerba SE & Co. KG have partnered to supply Fresh Meter pH indicators for the latter's seafood goods.

• In 2020, Oli-Tec (Open Life Indicator Technology) introduced a pH indicator (TTI) label system. Open Life Packaging Ltd. teamed up with Dynamic Input.