GLOBAL PH INDICATOR LABEL MARKET SIZE (2024 - 2030)

Initially valued at USD 32.3 Million, the global PH indicator label market is poised to reach a substantial market size of USD 2.9 billion by 2030. Projected over the forecast period spanning from 2024 to 2030, the market is anticipated to exhibit a notable Compound Annual Growth Rate (CAGR) of 90.2%.

PH INDICATOR LABEL Industry Overview:

Labels play a pivotal role in conveying crucial information to consumers, encompassing product composition, nutritional facts, weights, and measurements. Among these, PH indicator labels serve the purpose of indicating the quality of packaged food and signaling potential spoilage. These labels gradually change color, providing insights into product freshness and integrity from production to consumption. Amidst various factors monitored, including time, temperature, moisture content, and CO2 gas levels, PH indicator labels ensure consumers and retailers stay informed about the condition of the products they handle.

COVID-19 Impact:

The global landscape witnessed a significant shift in health perceptions and lifestyle choices catalyzed by the COVID-19 pandemic. Heightened awareness regarding health and hygiene prompted consumers to scrutinize their food habits and related product information more closely. While industrial activities faced disruptions, the pandemic spurred a surge in e-commerce, notably in the food sector, amplifying the demand for PH indicator labels. Despite market challenges posed by the pandemic, the global PH indicator labels market is expected to sustain growth momentum during the forecast period.

MARKET DRIVERS

Rising Demand Across End-Use Industries:

The widespread adoption of PH indicator labels across sectors such as food and beverages, pharmaceuticals, among others, is a key driver propelling market growth. These labels play a pivotal role in ensuring food safety, minimizing wastage, and optimizing consumer satisfaction, thereby fostering market expansion.

Smart Packaging Innovations:

The integration of PH indicator labels into smart packaging solutions, aligned with regulatory standards, bolsters market growth. Government initiatives and industry efforts toward enhancing food safety further bolster market prospects, indicating favorable growth trajectories.

Increasing Disposable Incomes:

Elevated disposable incomes, particularly in developing economies, coupled with evolving consumer preferences towards healthier food options, are fueling market growth. Consumers' willingness to pay premium prices for products offering enhanced freshness and quality information is expected to underpin market expansion.

MARKET CHALLENGES

Rise of Rental Packaging Alternatives:

The emergence of rental packaging alternatives offered by logistics and packaging companies poses a challenge to the sales of PH indicator labels. This trend, exemplified by initiatives like Pelican Biothermal's introduction of rental options for passive Credo Xtreme carriers, underscores a notable restraint in market growth.

PH indicator label market segmentation – By End

• Use Food
• Meat, Poultry, and Seafood
• Dairy Products
• Bakery and Confectionery
• Beverages
• Pharmaceuticals
• Others

The global pH indicator label market has been divided into seven segments based on end-use: Food, Meat, Poultry, and Seafood, Dairy Products, Bakery and Confectionery, Beverages, Pharmaceuticals, and Others.

In recent times, active packaging types have surpassed passive packaging varieties due to various technological advancements. Leading companies in the pH indicator label market offer shippers equipped with pH sensors capable of instantly detecting whether a container has been opened during transit. Another option includes thermochromic labels that change color to visually indicate when shippers are ready to pack.

PH indicator label market segmentation – By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

The global pH indicator label market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, and Middle East, and Africa.

In terms of market value and volume for the pH indicator label market, North America is expected to follow Western Europe and is projected to witness significant growth over the forecast period. Asia Pacific excluding Japan (APEJ) is anticipated to experience substantial growth in the global market for pH indicator labels during the forecast period, driven by the expansion of end-use industries. Within APEJ, India is expected to outpace other nations in terms of growth in the global pH indicator label market, while China is expected to offer lucrative opportunities. Eastern Europe and Japan are also expected to witness strong growth in the pH indicator label market during the forecast period. Positive growth rates are anticipated in the Middle East, Africa, and Latin America markets for pH indicator labels.

PH indicator label market segmentation – By Company 3M

1. CCL Industries Inc.
2. Temptime Corporation
3. Thin Film Electronics Inc.
4. Bizerba SE and Co. KG
5. Deltatrak Inc.
6. Biosynergy, Inc.
7. Freshpoint Quality Assurance Ltd.
8. Insignia Technologies Ltd.
9. La-Co Industries Inc.
10. LcrHallcrestLlc.
11. Nigk Corporation
12. JRI Company
13. ShockWatch, Inc.
14. Varcode
15. Cryolog S.A.
16. American Thermal Instruments
17. Vitsab International AB
18. Timestrip UK Ltd.
19. Cole-Parmer Instrument Company, LLC.

Several regional and local manufacturers have opted for rental options due to the availability of pH-controlled packaging solutions, impacting the position of pH indicator label producers. However, currently, only a few companies, mainly based in industrialized nations, offer rental pH-controlled pharmaceutical packaging solutions.

NOTABLE EVENTS IN THE PH INDICATOR LABEL MARKET IN RECENT TIMES:

• In November 2020, Timestrip announced the introduction of advanced pH indicator labels for packaging frozen COVID-19 vaccinations, aiming to identify vaccines susceptible to temperature breaches.
• In 2020, Fresh & Easy in Torrance, California, and Bizerba SE & Co. KG collaborated to provide Fresh Meter pH indicators for the latter's seafood products.
• In 2020, Oli-Tec (Open Life Indicator Technology) introduced a pH indicator (TTI) label system, with Open Life Packaging Ltd. partnering with Dynamic Input.