Fact.MR Study Suggests Volume Increases
A new study suggests that secure labelling and packaging are triggering a demand for security seals and labels, including tamper-evident labels. The Fact.MR report shows that as regulatory climate and mandates witness growth, security label companies are likely to be in receipt of increased orders, especially from the pharmaceutical sector.
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customised market research reports.
The Fact.MR study finds that demand for VOID security labels growing at a brisk pace, accounting for over half of the market share in terms of volume. Fact.MR opines VOID security labels to continue their bullish run in the future as well. Other promising category is destructible tamper evident labels, which are witnessing steady adoption among end-users.
The key drivers for security labels include,
- Stringent regulatory climate – e.g. EU legislation, Falsified Medicines Directive, mandates higher degree of authentication and tamper verification
- Emphasis on preventing bioterrorism and counterfeiting
- Buoyancy in the automotive industry
- Increasing emphasis on security labeling in F&B industry
- Investment in brand protection and industry reputation
The study finds that sustainability is a growing trend in the security seals market. Sensing the evolving needs of end-users, security seals manufacturers have been hard pressed to alter their production process. From incorporating greener raw materials to reducing their carbon footprint, manufacturers are aligning with end-user sensibilities.
According to the study, despite growing emphasis on sustainability, plastic still accounts for a large share of raw materials used for production of security labels. Although many manufacturers have reduced the usage of plastic or have shifted to less potent variants, easy availability and traditional use have meant that plastic remains the most widely used material in the security label manufacturing process.
Although NFC and RFID technologies are witness to robust adoption, barcode technology continues to be the most sought-after. Growing digitalization is likely to enhance the adoption of NFC and RFID, and the volume of barcode security labels is likely to drop down in the future.
By February 2019, all pharmaceutical packaging including prescription drugs and high risk over-the-counter medicines will be required to comply with The Falsified Medicines Directive (2011/62/EU). (FMD)
This directive places 2 demands on the product packaging:
- All packs should carry a unique serial number to identify and authenticate individual products.
- Packs should be sealed in a way that visibly enables tamper verification.
JW Products provide security seals and labels that are ISO17712:2013 accredited – the only security labels with this accreditation. ISO17712 is the gold standard of tamper evidence, which among other things requires complete traceability of products, achieved through unique serialisation which we print under the surface of the labels. Our Secure Seal Labels will leave behind a clear, highly secure tamper message when removed. This prevents easy replication, which is further enhanced by providing a clear border around each label. You can purchase our security seals by clicking here.
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