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
- Others
By Material [$M shipment analysis for 2013 to 2024]:
- Paper
- Polymer film
- Others
By Application [$M shipment analysis for 2013 to 2024]:
- Instructional and decorative labeling
- Functional labeling
- Promotional and other labeling
By End Use [$M shipment analysis for 2013 to 2024]:
- Bottles
- Blister packs
- Parenteral containers
- Pre-fillable syringes
- Pre-fillable inhalers
- Pouches
- Others
By Region [$M shipment analysis for 2013 to 2024]:
- · North America
- · Europe
- · APAC
- · ROW
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 helpdesk@lucintel.com.
Lucintel offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Capital
Investment Analysis.
About
Lucintel
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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