tamper evident labels market size

Tamper Evident Labels Market to Remain Concentrated among Tier 3 Players, who Collectively Hold over Half Value Share, finds Fact.MR

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Steady growth prospects in the tamper evident labels market continued in 2018 and are expected to record 1.6x volume growth through 2028. According to a new Fact.MR study, the market is expected to record volume sales of 11,673 Mn sq. meters by 2028-end. The report opines that the tamper evident labels market will remain consolidated among Tier 3 players, who collectively account for almost half of the market share.

Highlighting the key demand drivers of the Tamper Evident Labels Market, Fact.MR’s market study suggests that increasing emphasis on preventing pilferage and product labeling policies in the pharmaceutical industry will remain crucial to the prospects of tamper evident label manufacturers. According to the study, demand for tamper evident labels from the pharmaceutical industry is expected to surpass US$ 7 billion by 2028.

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