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Tamper Evident Labels Market to Surpass $7 Billion in Next 10 Years

A new Fact.MR Study shows strong growth from the pharmaceutical market, while a ‘high-speed’ market bolsters need.

With FMD dates looming, industry experts continue to see steady growth in the tamper evident labels market, and new research expects record 1.6x volume growth through 2028. According to a new Fact.MR study, the tamper evident labels market is expected to surpass $7 billion by 2028 due to demand from the pharmaceutical industry.

The study suggests that key drivers include increasing emphasis on preventing pilferage and product labeling policies in the pharmaceutical industry for compliance, brand protection and consumer confidence.

As Fact.MR notes, “Buoyancy in the automotive industry is likely to complement demand from pharmaceutical industry. Fact.MR expects demand from automotive industry to grow at over 7% CAGR during the forecast period. Government recommendations on implementing tamper-evident features in automobiles, to address vehicular pollution, and establish improved vehicle identification number (VIN) operations continue to uphold the market growth.”

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