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Opportunities For The Global Pharmaceutical Label Market To Reach $6.5 Billion By 2024
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According to a new market report published by Lucintel, the future of the global pharmaceutical label market looks promising with opportunities in the bottles, blister packs, parenteral containers, pre-fillable syringes, pre-fillable inhalers, and pouches. The global pharmaceutical label market is expected to reach an estimated $6.5 billion by 2024 with a CAGR of 5.7% from 2018 to 2024. The major drivers for this market are growth in the pharmaceutical industry along with growing healthcare expenditures in developing economies.
In this market, pressure sensitive, glue applied, sleeve, and in mold labels are used for labeling to convey the essential information of the drugs. On the basis of comprehensive research, Lucintel forecasts that the pressure sensitive labels will remain the largest segment over the forecast period because these labels are versatile, convenient to use, and available in different designs and patterns. The sleeve label segment is expected to witness the highest growth during the forecast period because this label can be used for 360° degree branding and messaging of the product.
Within the global pharmaceutical label market, bottles will remain the largest end use segment over the forecast period because they provide convenience, safety, and security for solid, liquid, and ophthalmic medication.
Paper and polymer film are used for pharmaceutical labeling. Lucintel forecasts that the polymer film will remain the largest over the forecast period due to its variety of grades and significant barrier properties.
North America is expected to remain the largest region due to recent technological advancements in pharmaceutical labels. APAC is expected to witness the highest growth rate over the forecast period due to its growing pharmaceutical industry and stronger prevention of counterfeit pharmaceutical products.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of recyclable and biodegradable label products and adoption of expanded content label design. CCL Industries, 3M Company, Essentra, Avery Dennison Corporation, MCC Label, SATO Holding Corporation, and Consolidated Label are among the major suppliers of the pharmaceutical label market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pharmaceutical label market by label type, material, application, end use, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Pharmaceutical Label Market 2019-2024.” The Lucintel report serves as a catalyst for growth strategy by providing a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global pharmaceutical label market by label type, material, application, end use, and region, as follows:
By Label Type [$M shipment analysis for 2013 to 2024]:
• Pressure-sensitive labels
• Glue-applied labels
• Sleeve labels
• In-mold labels
By Material [$M shipment analysis for 2013 to 2024]:
• Polymer film
By Application [$M shipment analysis for 2013 to 2024]:
• Instructional and decorative labeling
• Functional labeling
• Promotional and other labeling
By End Use [$M shipment analysis for 2013 to 2024]:
• Blister packs
• Parenteral containers
• Pre-fillable syringes
• Pre-fillable inhalers
By Region [$M shipment analysis for 2013 to 2024]:
• North America
This 195-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q.1 What are some of the most promising, growth opportunities for the global pharmaceutical label market by label (pressure sensitive label, glue applied label, sleeve label, in mold label, and others), material (paper, polymer film, and others), application (instructional and decorative label, functional label, promotional and other label) end use (bottles, parenteral containers, blister packs, pre-fillable syringes, pre-fillable inhalers, pouches, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q. 10 What M & A activity has occurred in the last 5 years?
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