Tamper Evident Labels Market

1. Tamper Evident Labels Market Driving Factors Forecast Research 2029 The tamper-evident labels market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The increasing end-use application of tamper-evident labels in the pharmaceutical industry to prevent unlawful reuse of original containers and avoid any criminal tampering is expected to offer lucrative growth opportunities for the global tamper-evident labels market. The requirement to protect pharmaceutical products with improved safety has risen in recent years due to the prevalence of drug counterfeiting. According to the US Department of Health & Human Services, around 9%-41% of medicines sold in low- and middle-income countries are counterfeit. Prevalence of low-quality products sold under a similar brand name, resealing of used items, and replacing premium quality products with an inferior substitute, especially in the pharmaceutical sector is expected to drive the market. To Request a Sample of our Report on Tamper Evident Labels Market https://www.omrglobal.com/request-sample/tamper-evident-labels-market Tamper evident labels are designed to prevent “falsified medicines” from entering the legal prescription supply chain and protect patients against the potential administration of ineffective or harmful medications. In the pharmaceutical industry, tamper-evident labels are used to improve the security of medicines and avoid any criminal tampering. With the increasing need for patient safety, manufacturers are investing in developing easy-to-use labels to provide protection against tampering and illegal contamination of drugs. For instance, in February 2022, Schreiner MediPharm created a tamper-resistant label for vials that includes a clear and irreversible first-opening indication. To use the vial, a label integrated tear strip is peeled off that cannot be resealed. Furthermore, a warning message will emerge that the vial has been opened. The label will include special features such as a detachable documentation label, a transparent inspection window, a light protection function, or integrated near-field communication (NFC)/ radio frequency identification (RFID) chips for digital applications. A full Report of Tamper Evident Labels Market https://www.omrglobal.com/industry-reports/tamper-evident-labels-market Market Coverage    The market number available for – 2021-2028 Base year- 2021 Forecast period- 2023-2029 Segment Covered-    By Material Type By Technology By End-use Industry Regions Covered-      North America Europe Asia-Pacific Rest of the World Competitive Landscape – 3M, Avery Dennison Corp., DUNMORE, Luminer Converting Group Inc., Schreiner Group GmbH & Co. KG, and others. Key questions addressed by the report       What is the market growth rate? Which segment and region dominate the market in the base year? Which segment and region will project the fastest growth in the market? Who is the leader in the market? How are players addressing challenges to sustain growth? Where is the investment opportunity? Tamper Evident Labels Market Report Segment By Material Type   PET-Based Tamper Evident Labels Paper-Based Tamper Evident Labels By Technology    Radio Frequency Identification Near-Field Communication Tag Sensing Labels By End-use Industry      Pharmaceuticals Automotive Food and Beverage Transport and Logistics Others

2. For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/tamper-evident-labels-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404