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2025-2034 Pharmaceutical Label Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Pharmaceutical Label Market
What Will the Pharmaceutical Label Industry Market Size Be by 2025?
The size of the pharmaceutical label market has witnessed considerable expansion in recent times. The prediction is that it will escalate from a figure of $6.76 billion in 2024 to reach $7.21 billion in 2025, representing a compound annual growth rate (CAGR) of 6.7%. The escalating trend during the historic period can be credited to tough regulatory mandates, upsurge in pharmaceutical manufacturing, mounting worries about counterfeiting, an increasing focus on safeguarding patient wellbeing, and the global proliferation of pharmaceutical supply chains.
What's the Long-Term Growth Forecast for the Pharmaceutical Label Market Size Through 2029?
In the coming years, the pharmaceutical label market is anticipated to witness robust growth, soaring to a $10.11 billion valuation in 2029 with an 8.8% CAGR. This projected growth for the forecast period can be traced back to the surge in application of smart labels, the acceptance of eco-friendly label solutions, a concentration on packaging centered on the patient, the push for tamper-proof labels, the development of personalized medicine, and the implementation of track-and-trace systems. Noteworthy trends for the forecast period consist of intelligent packaging and track-and-trace solutions, tamper-proof and anti-fraud measures, personalized and variable data printing, compliance with established regulations, sustainability, and green-friendly labeling.
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What Are the Key Growth Drivers Fueling the Pharmaceutical Label Market Expansion?
The pharmaceutical label market's expansion is anticipated to be fueled by the growing introduction of pharmaceutical drugs. The high disease prevalence and increased use of pharmaceutical drugs generate a need for pharmaceutical labels, which provide crucial information about the medications. As per a report titled "The Global Use of Medicines 2022" by IQVIA, a US-based biopharmaceutical development and commercial outsourcing services provider, there will be a launch of approximately 300 new drugs by 2026. This is more than the number of drugs launched in the past decade. Consequently, the surge in pharmaceutical drug consumption is propelling the growth of the pharmaceutical label market.
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What Are the Key Trends Driving Pharmaceutical Label Market Growth?
Innovations in product development are gaining traction as key trends in the pharmaceutical label market. To maintain their market standing, companies in this sector are adopting distinct and inventive products. For example, the Schreiner Group, a healthcare labeling specialist from Germany, introduced the Pharma-Tac hanger label and Autoinjector-label in October 2022. These unique, sustainable functional labels are developed from recyclable film materials or those derived from renewable sources. The labels also feature removable documentation parts and anti-slip capabilities. A variety of extensive tests such as load and gravitational assessments, as well as adhesion and ink adhesion tests, were conducted to evaluate and confirm the efficiency of these sustainable materials.
How Is the Pharmaceutical Label Market Segmented?
The pharmaceutical labelmarket covered in this report is segmented -
1) By Type: Pressure-Sensitive Label, Glue-Applied Label, Sleeve Label, In-Mold Label, Other Types
2) By Material: Paper, Polymer Film, Other Materials
3) By Application: Instructional Label, Decorative Label, Functional Label, Promotional Label, Other Applications
4) By End Use: Bottles, Blister Packs, Parenteral Containers, Pre-Fillable Syringes, Pre-Fillable Inhalers, Pouches, Other End Uses
Subsegments:
1) By Pressure-Sensitive Label: Paper Pressure-Sensitive Labels, Film Pressure-Sensitive Labels, Custom Pressure-Sensitive Labels
2) By Glue-Applied Label: Wet Glue Labels, Dry Glue Labels, Custom Glue-Applied Labels
3) By Sleeve Label: Shrink Sleeve Labels, Stretch Sleeve Labels, Tamper-Evident Sleeve Labels
4) By In-Mold Label: In-Mold Labels For Rigid Containers, In-Mold Labels For Flexible Containers
5) By Other Types: Thermal Transfer Labels, Direct Thermal Labels, RFID Labels
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Which Companies Are Leading the Charge in Pharmaceutical Label Market Innovation?
Major companies operating in the pharmaceutical label market include CCL Industries Inc., Essentra plc, Avery Dennison Corporation, Multi-Color Corporation, SATO Holding Corporation, Consolidated Label Co., Bemis Manufacturing Company, LINTEC Corporation, Advanced Labels, Edwards Label Inc., Clabro Label Inc, Classic Labels PG, MaverickLabel.Com Inc., Metro Label, Schreiner Group, WS Packaging Group Inc., Amcor Limited, Gerresheimer AG, Berry Global Inc., Constantia Flexibles Group GmbH, Huhtamaki Oyj, Inland Label & Marketing Services LLC, MPI Label Systems Inc., Resource Label Group LLC, Smyth Companies LLC, The Kennedy Group Inc., Weber Packaging Solutions Inc., Walle Corporation, Coast Label Company
Which Regions Are Leading the Global Pharmaceutical Label Market in Revenue?
North America was the largest region in the pharmaceutical label market in 2024. The regions covered in the pharmaceutical label market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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