According to a recent market study published by Growth Market Reports, titled, "Global Tamper Evident on Rigid Packaging Market by types, applications, and by regions: Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 11,250.0 Million in 2019 and is expected to grow at a healthy growth rate of 12.1% by the year 2027. The global tamper evident on rigid packaging market is anticipated to grow significantly during forecast period. Major factors enabling the global tamper evident on rigid packaging market are technological advancement in the packaging industry and emergence of bio-based material for tamper evident packaging products.

Global tamper evident on rigid packaging market has been segmented based on product type, packaging type, material type, and end-user. In terms of product types, the tamper evident on rigid packaging market is categorized as shrink sleeves, induction seal, film wrappers, blister or strip packs, bubble packs, and others. Depending on packaging type, market is segmented as conventional and intelligent. Based on material type, the market is categorized as plastic, glass, metal, and others. In terms of end-users, the market is segmented as food & beverages, cosmetics & personal care, pharmaceuticals, consumer goods, and others. By regions the global tamper evident on rigid packaging market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

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According to the U.S. Food and Drug Administration (FDA), tamper evident on rigid packaging is a kind of packaging that has one or more barriers of entry, which if breached or missing, provides a detectible indication to a customer that the product has used or tampered. Regulatory policies are expected to play a pivotal role in the global tamper evident on rigid packaging market during the forecast period. For instance, as per the regulations of the US FDA (21 CFR § 211.132), tamper evident for OTC drugs packaging should be unique by design from material not readily accessible to public along with clear labeling and individually sealed tablets. The products are required to include safety instructions on the packaging in an event of breakage of tamper evident packaging.

The COVID-19 pandemic has had a serious impact on the society and overall economy of the world. The impact of COVID-19 is growing by the day and affecting the supply chain of the industries. The coronavirus pandemic is creating uncertainty among consumers buying behavior, which has slowdown the supply chain, increased panic among customers, and reduced business confidence. Gradually industries are recovering from severe impact of the pandemic.

The demand for tamper evident packaging is steadily climbing as an aftermath of COVID across all end use industries. While tamper evident packaging is a mandate in several industries, the COVID impact has shifted the demand trend to be consumer-led. The pandemic has engaged consumers in an intensified desire to assure product security through tamper evident packaging. The packaging industry has been offered a unique opportunity to dispense safe and hygienic customer experience. Tamper-evident packaging with creative printing has noticeably grown as it offers the consumer peace of mind and an optimistic brand interaction. Demand for hygiene megatrend has strongly emerged and is anticipated to remain a part of the new normal.

Key Takeaways from the Study:

  • In terms of value the North America held significant market share 20.4% in 2019 and is anticipated to reach 20.1% by the end of 2027.
  • The Food & Beverages segment is expected to grow significantly during the forecast period.
  • Growing demand from the food & beverage and pharmaceutical industry anticipated to impel the market growth during the forecast period.
  • In terms of value the Pharmaceuticals segment held the market share, 27.0% in 2019 and is anticipated to reach 27.5% by the end of 2027.
  • Increasing demand from the numerous end use industries projected to boost the market growth during the forecast period.
  • The plastic segment is anticipated to grow at a considerable pace during the forecast period due to low-cost of plastic material.
  • In terms of value the Metal segment hold the market share, 23.0% in 2019 and is anticipated to reach 23.2% by the end of 2027.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 11,250.0 Million

Market Growth Rate (from 2020 to 2027)

12.1%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Product Types, Packaging Types, Material Types, End-users And Regions.

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

DowDuPont (DWDP), Schreiner Group, Placon, CurTec, Dart Container Corporation, Enercon Industries Corporation, Interpack Ltd., Grupo Phoenix, Resource Label Group, Selig Group, Inc., Syntegon Technology GmbH, and Traco Packaging.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Demand Side: Cosmetics & personal care, food, beverage, pharmaceutical, chemical, and other industries.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: US Food and Drug Administration (FDA), European Council, U.S. Dept. of Agriculture Food Safety and Inspection Service, Australian Pharmaceutical Manufacturers Association, Complementary Healthcare Council of Australia, and Medical Industry Association of Australia.