Tamper Evident on Rigid Packaging Market Outlook 2031:
The global tamper evident on rigid packaging market size was valued at USD 15.78 Billion in 2022 and is projected to reach USD 44.11 Billion by 2031, expanding at a CAGR of 12.1% during the forecast period 2023 - 2031. The market is driven by factors such as increasing incidences of counterfeit products, increasing demand from the pharmaceutical industry, advancement in the packaging industry, and rising applications in the cosmetics & personal care products.
However, strict regulations for tamper evident on rigid packaging and recycling issues associate with tamper evident on rigid packaging are anticipated to hamper the market during the forecast period.
Tamper Evident on Rigid Packaging Market Dynamics
Several significant transformations have been observed in the pharmaceutical industry during the last couple of decades. Numerous technological advancements have facilitated the pharmaceutical industry to develop vital medicines and drugs globally. Additionally, increasing disposable income and rising need to lead a healthy lifestyle are some factors that are anticipated to boost the tamper evident on rigid packaging market and pharmaceutical industry.
Furthermore, increasing use of tamper evident on rigid plastic packaging for OTC drugs and medicines is anticipated to fuel the market during the forecast period. Healthcare is one of the most regulated industries globally. Regulatory guidelines are required for drug and medicines manufacturers to regulate the composition of drugs, packaging, among other factors to ensure the safety of drugs.
The US FDA has imposed some guidelines and regulations on the pharmaceutical industry regarding the packaging of medicines and drugs, and strict testing protocols, which are estimated to hinder the tamper-evident packaging market during the forecast period. Moreover, stringent guidelines, especially in the pharmaceutical industry, fuel the demand for the testing of tamper evident packaging and the adherence of packaging to guidelines.
This is likely to adversely hamper the market growth. The food & beverage industry has stringent regulations regarding the safety of the products. This, in turn, is anticipated to hinder the market growth during the forecast period.
The packaging industry needs a multi-functional approach for designing packaging solutions. This has increased the demand for recyclable material, flexible packaging, low transport cost, and low cost of storage for packaging products. Moreover, with the emergence of the on-the-go lifestyle trend, individuals prefer their purchases be safe to consume. Unintentional or deliberate tampering of food products has been observed in the past, which has led to catastrophic events that required vigilant approach for designing packaging products. This has led to the initiation of tamper evident on rigid packaging.
Growing incidences of counterfeit products, particularly in emerging countries, are surging the demand for a form of packaging which is tampered evident and intelligent. This has propelled the acceptance of tamper evident on rigid packaging in numerous industries. Another factor that is bolstering the demand for tamper evident packaging is the increasing need for safe and hygienic food products.
With the increasing demand for ready-to-eat food products, there has been a rise in the need for tamper-proof packaging as it increases the shelf life of the product within by maintaining its freshness as well as its nutritional value throughout the supply chain. Such advantages offered by tamper evident on rigid packaging products is anticipated to fuel the market during the forecast period.
Tamper evident on rigid packaging allows customers to identify whether the package has been tampered with or not. The indicators are generally mentioned on the packaging for customer’s convenience. Moreover, market participants are focusing on product development to bring innovation to the industry. For instance, in 2016, the US-based Anchor Packaging, Inc. introduced a product line of tamper evident food containers. These containers are virtually leak-proof and eliminate the sharp edges associated with tamper-evident containers.
The ever-growing food & beverage industry is anticipated to drive the tamper evident packaging market during the forecast period. The growing trend of consuming gourmet food due to changing lifestyle standards and food habits of individuals and increasing disposable income are fueling the market. The increasing trend of consuming packaged foods, ready-to-eat food, instant food, and frozen foods products is estimated to drive the market during the forecast period.
Increasing customer awareness regarding the safety of the products and increasing demand for flexible packaging solutions are projected to raise the demand for tamper-evident packaging. The use of this form of packaging and assures product quality across the supply chain and at each loading and unloading point.
In the last few years, cosmetic & personal care product manufacturers have been emphasizing on providing innovative packaging of products to meet changing customer demand. In the cosmetic sector, packaging needs visible security that assures customers that packaged products have not been tampered with. Tamper evident rigid packaging often enhance the value to these products and prevent loss of revenue to the manufacturers.
New and emerging beauty and personal care packaging trends are anticipated to boost the adoption of tamper evident rigid on packaging in the cosmetics & personal care industry during the forecast period. Moreover, the demand for tamper-evident caps and twist-lock caps is rising for cosmetic and skincare formulations. Additionally, premium formulations such as serums and oils require locking caps for leakage and tamper-proof functionality. These, in turn, are projected to fuel the tamper evident rigid on packaging market in the near future.
Scope of Tamper Evident on Rigid Packaging Market Report
The report on the global tamper evident on rigid packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
||Tamper Evident on Rigid Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
||2016 – 2021
||2023 – 2031
||By Types (Shrink Sleeves, Induction Seal, Film Wrappers, Blister or Strip Packs, Bubble Packs, and Others), By Packaging Type ( Conventional and Intelligent), By Material Types (Plastics, Glass, Metal, and Others), and By End-user (Food & Beverages, Cosmetics & Personal care, Pharmaceuticals, Consumer Goods, and Others)
||Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
||Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
|Key Players Covered in the Report
||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, Traco Packaging.
Tamper Evident on Rigid Packaging Market Segmental Outlook
By Product Type Segment
In terms of product type, the tamper evident on rigid packaging market share is segmented into shrink sleeves, induction seal, film wrappers, blister or strip packs, bubble packs, and others. The induction seal segment held 23.4% value share of the market in 2020. This growth may be attributed to increasing applications in the drug, food, and liquid containers.
The film wrapper segment is anticipated to expand at a CAGR of 12.3% during the forecast period. Film wrappers provide opportunities for branding, as they can be printed on with multiple texts, colors, and visual components for branding purposes. Such advantages offered by film wrappers anticipated to boost the segment growth during the forecast period.
By Packaging Type Segment
On the basis of packaging type, the tamper evident on rigid packaging market share is segmented into conventional and intelligent. The conventional segment is anticipated to hold a significant share of the tamper evident on rigid packaging market during the forecast period. This growth can be attributed to the increasing demand for tampered evident packaging products from end-use industries.
On the other hand, the intelligent segment is projected to expand at a significant CAGR during the forecast period due to increasing awareness among consumers to ensure the quality of the product before purchasing. This trend is anticipated to fuel the growth of the intelligent segment during the forecast period.
By Material Type Segment
Based on material type the tamper evident on rigid packaging market is categorized as plastic, glass, metal, and others. The plastic segment held 52.9% value share of the market in 2020. This growth may be attributed to availability and cost-efficiency of plastic. Moreover, market participants are focusing on designing 100% recycle tamper evident on rigid packaging products, which is anticipated to boost the segment growth during the forecast period.
The demand for metal and plastic evident on rigid packaging is projected to grow in the food & beverage industry during the forecast period due to their properties to keep food products fresh and healthy.
By End-user Segment
The global tamper evident on rigid packaging market is divided into food & beverages, cosmetics & personal care, pharmaceuticals, consumer goods, and others. The pharmaceuticals segment is projected to account for a substantial share of the market during the forecast period owing to the rising usage of induction seal, blister packs, and bubble packs for customer safety.
The food & beverages segment is anticipated to expand at a substantial CAGR during the forecast period owing to intentional tampering, counterfeiting, malicious adulteration, and falsification of food and liquid products. Companies in the segment are attempting to safeguard products against tampering, in the interest of health risks posed to consumers along with securing brand trust.
Region Wise Outlook
On the basis of regions, the tamper evident on rigid packaging market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). The market in the Asia Pacific is anticipated to grow at a considerable pace during the forecast period. Growing government initiatives to promote the use of environment-friendly material in the packaging industry is expected to propel the market in this region.
Moreover, Europe constituted to significant share of the global taper evident on rigid packaging market in 2020 owing to increasing demand for tamper evident packaging from the end use industries.
Key Benefits for Industry Participants & Stakeholders
- In-Depth Analysis of the Tamper Evident on Rigid Packaging Market.
- Historical, Current and Projected Market Size in Terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on From Tamper Evident on Rigid Packaging Market Performance
- Shrink Sleeves
- Induction Seal
- Film Wrappers
- Blister or Strip Packs
- Bubble Packs
By Packaging Type
By Material Types
- Food & Beverages
- Cosmetics & Personal care
- Consumer Goods
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
- DowDuPont (DWDP)
- Schreiner Group
- Dart Container Corporation
- Enercon Industries Corporation
- Interpack Ltd.
- Grupo Phoenix
- Resource Label Group
- Selig Group, Inc.
- Syntegon Technology GmbH
- Traco Packaging
- Key players in the tamper evident on rigid packaging market are 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, Traco Packaging.
- These companies are considered as key market players of tamper evident on rigid packaging market, based on their revenue, research & development (R&D) activities in the areas of improving offerings, and regional presence.
- The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for tamper evident on rigid packaging.