Tamper-Evident Label Market Poised For Record Growth Steady growth prospects in the tamper-evident label market continued in 2018 and are expected to record 1.6-time volume growth through 2028, ac- cording to a study from Fact.MR . The market is ex- pected to record volume sales of 11,673 million square meters by the end of 2028.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, the study suggests that increas- ing emphasis on preventing pilferage and product la- beling policies in the pharmaceutical industry will remain crucial to the prospects of tamper evident label manufacturers. According to the study, demand from the pharmaceutical industry is expected to sur- pass US$ 7 billion by 2028. The study forecasts that demand from automotive in- dustry will grow at more than 7 percent Compound Annual Growth Rate during the forecast period. The report estimates barcode technology to remain sought-after among end-use industries, recording vol- ume sales in excess of 5,000 million square meters.
In a bid to optimize the production cost, manufactur- ers persistently seek barcode technology, which pro- vides cost-effective and reliable methods of labeling. The study estimates that the RFID and NFC tagged tamper evident labels will witness the most attractive growth both in terms of value and volume against the backdrop of growing digitalization. Cincinnati State Supports SGP Cincinnati State has been announced as the newest resource partner for The Sustainable Green Printing Partnership (SGP).The college joins a growing list of leading brands and organizations that support sus- tainable printing initiatives. Cincinnati State has a long history as a supporter of green business. Through its sustainability initiatives, Cincinnati State has achieved the following results: • Fully transitioning to soybean and water-based inks; • Developing flexographic and offset plates with plain tap water; • Recycling paper; and • Buying 95 percent of supplies from local vendors.
Flexo Market News November 26, 2018 9
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