Tamper Evident Packaging Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Product Type (Shrink Sleeves, Induction Seal, Film Wrappers, Blister Packs, Bubble Packs, Others); Material Type (Plastics, Glass, Paper Lids, Metal, Others); End-User (Food & Beverage, Cosmetics & Personal Care, Vacuum, Pharmaceutical, Others); and Region & Country

Published:

Jun-2021

Pages:

103

Table:

29

Figure:

61

Report ID:

UMCG21284

Geography:

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Report Description
Table of content
Research Methodology

Report Description

Tamper evident food packaging is designed with special closures that make it apparent if the container has been opened, unsealed, or broken. If sellers are selling packaged items, broken closures alert customers to potential product tampering so that users can dispose of the item. Most importantly, it assures the customer that the items they purchase are fresh, safe, and haven’t been handled by anyone after being packaged. The U.S. Food and Drug Administration regarding the usage of tamper-evident packaging by pharmaceutical and consumer goods industries. In addition to this, the expansion of the pharmaceutical and food industries in developing countries such as India & China is a growth driving factor for the tamper-evident packaging market.

Tamper evident packaging is being adopted by the food and beverages, cosmetics industry, and the healthcare industry on a large scale owing to consumer awareness about the safety of the product. Tamper evident packaging simply does not protect a product from being compromised, it protects the consumer from unknowingly using a compromised or tampered product. Rising demand for tamper-evident packaging is inevitable and several factors are already driving the market growth in a positive direction. The FDA or U.S. Food and Drug Administration has imposed some inflexible rules and regulations on the pharmaceutical industry regarding the packaging of medicines and drugs along with the strict testing protocols which are estimated to hinder the growth of the tamper-evident packaging market in coming years. According to a US Foods study of food delivery services, more than 1 in 4 drivers (28%) admit to taking food from the orders they were delivering. A total 54% admitted that the smell of food tempted them. If a delivery driver takes a few fries from a customer’s order, it’s more likely the customer will blame the restaurant for the short in their order, not their delivery driver. This ruins your customer’s experience, and it can drive up your food costs or even lose business from angry customers.

The COVID-19 pandemic has led to an enormous increase in restaurant delivery and takeout sales. In fact, a recent Dalhousie University study found that the number of Canadians ordering food once a week increased from 29.6% to 45.4% between the beginning of the pandemic and November 2020. The trend is likely to continue – the same study also suggests that almost half of all Canadians intend to continue to order food online at least once a week. Unfortunately, with people ordering food more frequently, the risk of food tampering has never been higher. A survey conducted by US Foods found that out of the 500 food delivery drivers surveyed, one in four admitted to eating delivery food before it reached the customer’s home. This has the potential to pose a serious health risk to customers and reflect negatively on the restaurant they’re ordering from.

Global Demand of Packaging Solutions

Some of the major players operating in the market include Enercon Industries Corporation, TRACO, Interpack Ltd., Dupont, Schreiner Group, ProAmpac, Placon, Dynacorp, Seal King Europe, and Harcor Security Seals. etc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

Insights Presented in the Report

“Amongst product type, film wrappers segment is anticipated to dominate the market during the analyzed period”

The tamper evident packaging market is fragmented into shrink sleeves, induction seal, film wrappers, blister packs, bubble packs, and others. The film wrappers segment generated revenue of USD XX million in 2020. The market is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F owing to rising usage of tamper-evident packaging for product wrapping among various end-use industries.

“Amongst material types, plastic segment is anticipated and dominate in the market”

The tamper evident packaging market is fragmented into plastics, glass, paper lids, metal, and others. The paper lids segment generated revenue of USD XX million in 2020. The market is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027F due to the rising popularity of organic and recyclable products among consumers across the globe.

“Amongst end-use, food & beverage segment dominated the market during the forecast period”

The tamper evident packaging market is fragmented into food & beverage, cosmetics & personal care, vacuum, pharmaceutical, and others. The food & beverage segment generated revenue of USD XX million in 2020 and is anticipated to reach USD XX million by the year 2027F, growing at a CAGR of XX% over the forecast period (2021-2027).

“Amongst region, North America represents largest region market for Tamper Evident Packaging market”

The market is analyzed based on its worldwide penetration in the countries such as North America (United States, Canada, and Rest of North America), Europe (United Kingdom, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. North America is expected to hold the largest share in the market during the forecast period owing to raising awareness regarding safety among consumers.

Competitive Scenario

The tamper evident packaging market is highly fragmented. The availability of numerous global and local players across regions makes the industry highly competitive. The key players with a considerable market share in the industry are Enercon Industries Corporation, TRACO, Interpack Ltd., Dupont, Schreiner Group, ProAmpac, Placon, Dynacorp, Seal King Europe, and Harcor Security Seals. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The Tamper Evident Packaging Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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  1.1Market Definitions
  1.2Objective of the Study
  1.3Limitation
  1.4Stake Holders
  1.5Currency Used in Report
  1.6Scope of the Tamper Evident Packaging Market Study

 

  2.1Research Methodology for the Tamper Evident Packaging Market
   2.1.1Main Objective of the Tamper Evident Packaging Market

 

  6.1Shrink Sleeves
  6.2Induction Seal
  6.3Film Wrappers
  6.4Blister Packs
  6.5Bubble Packs
  6.6Others
  7.1Plastic 
  7.2Glass 
  7.3Paper Lids
  7.4Metal 
  7.5Others
  8.1Food & Beverage
  8.2Cosmetics & Personal Care
  8.3Vacuum 
  8.4Pharmaceutical
  8.5Others

 

  9.1NORTH AMERICA TAMPER EVIDENT PACKAGING MARKET 
   9.1.1United States
   9.1.2Canada
   9.1.3Rest of North America
  9.2EUROPE TAMPER EVIDENT PACKAGING MARKET 
   9.2.1United Kingdom
   9.2.2Germany
   9.2.3France
   9.2.4Italy
   9.2.5Spain
   9.2.6Rest of Europe
  9.3ASIA-PACIFIC TAMPER EVIDENT PACKAGING MARKET
   9.3.1China
   9.3.2Japan
   9.3.3India
   9.3.4South Korea
   9.3.5Rest of Asia Pacific
  9.4REST OF THE WORLD TAMPER EVIDENT MARKET

 

  10.1Market Trends & Drivers
  10.2Market Challenges
  10.3Impact Analysis
  11.1Demand Side Analysis
  11.2Supply Side Analysis
   11.2.1Top Product Launches
   11.2.2Top Business Partnerships
   11.2.3Top Merger & Acquisitions
   11.2.4Top Business Expansions and Investments
  16.1Enercon Industries Corporation
  16.2TRACO 
  16.3Interpack Ltd
  16.4DuPont 
  16.5Schreiner Group
  16.6ProAmpac
  16.7Placon 
  16.8Dynacorp 
  16.9Seal King Europe
  16.10Harcor Security Seals

 

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of Tamper Evident Packaging were the three major steps undertaken to create and analyze the demand of tamper evident packaging among large enterprises and small-medium enterprises organizational size across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted, with industry experts across the value chain of the digital logistics. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size to 2027. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the tamper evident packaging through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the tamper evident packaging, we conducted a detailed secondary analysis to gather current and future market insights and share for different segments & sub-segments for major regions. Major segments included in the report includes product type, material type, end-use, and region. Further country-level analyses were conducted to evaluate the overall demand of tamper evident packaging in the specified country/region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of tamper evident packaging. Further, we conducted factor analysis using dependent and independent variables such as the rising disposable income, rising consumer awareness towards safety of food & beverages as well as pharmaceutical products. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the digital logistics industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the tamper evident packaging market, and market shares of each segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. top-down/ bottom-up approach was applied to arrive at the market forecast by 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (USD) and the growth rate of tamper evident packaging market across major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the tamper evident packaging market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment the tamper evident packaging market pertains to. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, material type, end-use, and region.

Main Objective of the Tamper Evident Packaging Market Study

The current & future market trends of tamper evident packaging were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of tamper evident packaging in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product type, materials type, and end-use
  • Define and analysis of the regulatory framework for the tamper evident packaging industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the tamper evident packaging market for the major regions including North America (United States, Canada, and Rest of North America), Europe (United Kingdom, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World
  • Company profiles of the tamper evident packaging market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry