Future-proof Pharma Labels Market In 2021-2026 Including Top Key Players, Trends And Emerging Growth Factors

The Future-proof Pharma Labels Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Future-proof Pharma Labels market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Future-proof Pharma Labels market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Future-proof Pharma Labels market.

The Future-proof Pharma Labels Market is expected to register a CAGR of 14% during the forecast period from 2021 to 2026. 

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Top Leading Companies of Future-proof Pharma Labels Market are - CCL Industries Inc., Avery Dennison Corporation, NiceLabel (Euro Plus d.o.o.), UPM Raflatac, Inc., Schreiner Group, Covectra, Inc., Loftware, Inc. and others.

Industry News and Updates:

- January 2020 - Schreiner MediPharm showcased new robust RFID Pharma-Label and secure supply chain solutions. The new Robust RFID-Label from Schreiner MediPharm consists of a label-integrated RFID tag secured by the label’s unique construction. Thus, potential damage to the RFID chip, for instance, due to mechanical impact during the manufacturing and handling processes, can be avoided.

- March 2020 - Avery Dennison Corporation has completed the acquisition of the transponder business of Smartrac for the purchase price of EUR 225 million. Smartrac engages in the development and manufacturing of RFID inlays. It has intense research and development capabilities and a track record for developing and commercializing effective, high-value, and high-quality RFID products.

Key Market Trends:

RFID Technology is Expected to Witness Significant Growth

- Industry 4.0 technology has become a complicated aspect of business operations in most sectors with the rise of the fourth industrial revolution. RFID technology has become essential across a wide range of industries. The pharmaceutical industry's emergence is mainly attributed to the high importance of the safety and security of business operations. With the increasing consumer awareness about the toxic counterfeit products pushed in the market, the technology is expected to foresee significant growth in the industry.
- As one of the most supervised and sensitive product groups, pharmaceuticals are subjected to numerous safety norms, and manufacturers have to adhere to the drug quality and adhere to stringent regulations. Besides, increasing risks from substandard and falsified drugs are creating a need for efficient anti-counterfeiting solutions in the pharmaceutical industry. This has boosted RFID's adoption in combination with the electronic product code (EPC) in the industry.

Asia Pacific is Expected to Witness Significant Growth

- The World Health Organization reported that, according to the Pharmaceutical Security Institute, the Asian region accounts for one of the most significant shares of counterfeit drugs in the world. This has increased the demand for anti-counterfeiting measures to be taken by the pharma companies in this area. A change in China’s patent law has encouraged more R&D effort and less generic drug manufacture in recent years. Further consolidating significant cities such as Shanghai, Beijing, Guangzhou, and Chengdu as growing innovative pharma scenes will positively impact the market.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Future-proof Pharma Labels Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Future-proof Pharma Labels Market (%),2016 - 2026
- Future-proof Pharma Labels Market Share, By Brand
- Future-proof Pharma Labels Market Share, By Company
- Future-proof Pharma Labels Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Future-proof Pharma Labels Market Value Analysis & Forecast
- Promising Future-proof Pharma Labels Development by Major Companies
- Detailed Future-proof Pharma Labels Portfolio of the Major Companies
- Major Deals in the Future-proof Pharma Labels Market
- Major Companies Analysis

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