According to IMARC Group latest published report, titled “Pharmaceutical Labeling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” that the global pharmaceutical Labeling market size reached US$ 5.3 Billion in 2021. Looking forward, the market expected to reach US$ 7.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.3% during 2022-2027.
A pharmaceutical label is a piece of paper or plastic, which offers information such as dosage, ingredients, indications, effects, dosages, routes, methods, manufacturing date and duration of administration, warnings, hazards, contraindications, side effects and precautions. It aids in branding, conveying critical medical data, preventing excessive regulatory penalties and communicating with the consumers. Pharmaceutical companies nowadays have started using value-added labeling solutions such as labels with QR codes and RFID tags.
Competitive Landscape
Some of the key players being 3M Company (MMM), Avery Dennison Corporation (AVY), Bemis, CCL INDUSTRIES INC., CL. B, NV (CCL-B.TO), ESSENTRA PLC ORD 25P (ESNT.L), LINTEC CORP (7966.T), SATO HOLDINGS CORPORATION (SATOF), Advanced Labels, Edwards Label, Jet Label, Consolidated Label, Axon, Clabro Label, Classic Label, Maverick Label, Metro Label, Progressive Label, MCC Label, Mercian Labels, Taylor Label, etc.
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Global Pharmaceutical Labeling Market Trends:
The global pharmaceutical labeling market is driven by innovations, along with the introduction of advanced technologies in the industry. For instance, Hally Labels, a US-based label manufacturer, has created thermochromic labels that can change color when the product is not stored within the specified temperature range. These labels are highly useful for the storage and transportation of temperature sensitive clinical samples and drugs. Apart from this, the rise in the geriatric population is catalyzing the demand for pharmaceutical products, which in turn is impelling the market growth. Furthermore, the introduction of inexpensive sleeve labels is also contributing to the growth of the market.
The report cover the below key market segments:
Breakup by Label Type
1. Pressure-Sensitive Label
2. Glue-Applied Label
3. Sleeve Label
4. In-Mold Label
5. Others
Breakup by Material
1. Paper
2. Polymer Film
3. Others
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/pharmaceutical-labeling-market
Breakup by Application
1. Instructional Label
2. Decorative Label
3. Functional Label
4. Promotional Label
5. Others
Breakup by End Use
1. Bottles
2. Blister Packs
3. Parenteral Containers
4. Pre-Fillable Syringes
5. Pre-Fillable Inhalers
6. Pouches
7. Others
Breakup by Region
1. Europe
2. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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