Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1942 Million | USD 2775 Million | 4.05% | 2023 |
FrequentlyAsked Questions
Tamper evident packaging (TEP) is packaging intended with one or more security elements indicating whether the product has been opened or changed before consumer arrival. These products guarantee consumer safety and product integrity by helping to avoid contamination, counterfeiting, and tampering.
The tamper evident packaging is driven by various elements, including rising consumer safety awareness, stringent regulatory requirements, growth in the pharmaceutical sector, and technological advancements.
According to the report, the global tamper evident packaging market size was worth around USD 1942 million in 2023 and is predicted to grow to around USD 2775 million by 2032.
The global tamper evident packaging market is expected to grow at a CAGR of 4.05% during the forecast period.
The global tamper evident packaging market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the advanced healthcare infrastructure and the growing e-commerce sector.
The global tamper evident packaging market is dominated by players like ALPLA Group, Amcor, Berry Global Group, Celebration Packaging, CCL Industries, Constantia Flexibles Group, CONTROLTEK, Coveris Holdings, Essentra, Fortis Solutions Group, Great American Packaging, Huhtamaki Group, Placon Corporation, Printpack, ProAmpac, Schreiner Group, Sonoco Products Company, Traco Manufacturing and WestRock Company among others.
The tamper evident packaging market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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