openPR Logo
Press release

Packaging and Labeling (Healthcare) Services Market is expanding at a CAGR of 5.3% from 2015 to 2023

07-18-2017 02:07 PM CET | Health & Medicine

Press release from: Transparency Market Research

Packaging and Labeling (Healthcare) Services Market

Packaging and Labeling (Healthcare) Services Market

With eight key companies accounting for a mere share of 20.3% in 2014, the global packaging and labeling market exhibits a highly competitive vendor landscape. Among leading enterprises in the market, WestRock Company held 5.5% of the global market in 2014, which was the largest share held by any company. The company has managed to seal its dominance in the market with a strong and diverse product portfolio in the sector of healthcare packaging and a considerable geographic presence. Amcor Limited emerged as the second leading company in the global packaging and labeling market the same year, finds TMR.

A majority of the market is therefore held by the other players segment. This segment also includes a few prominent names in the industry such as 3M, DuPont, and CCL Industries.

TMR forecasts the prevailing competition in the market to further intensify with the launch of anti-counterfeit drug packaging. “The rapid expansion of the pharmaceutical and medical devices industry will bolster scope for the growth of the packaging and labeling services market,” said a TMR analyst. “Implementation of stringent regulations mandating the adherence of high standards in pharmaceutical drugs packaging and labeling will also fuel demand from the market,” he added.

This 112 page report gives readers a comprehensive overview of the Packaging and Labeling (Healthcare) Services Market. Browse through 15 data tables and 46 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/packaging-labeling-services-market.html

Despite being facilitated by favorable government policies, the market witnesses challenges in the form of complicated registration and approval processes. Plastic packaging in particular is required to comply with stringent regulations to ensure the safety of drugs. This is anticipated to have an adverse impact on the growth trajectory of the market.

Nevertheless, it is expected to gain significant impetus from the increasing adoption of nano-enabled packaging in the pharma and medical devices industry. The rise in demand from developing countries will also boost opportunities for vendors operating in the global packaging and labeling services market.

Since medical devices and pharmaceuticals play a significant role in public health, stringent policies are implemented to ascertain their adherence to the highest standards. The implementation of rigorous policies has therefore encouraged leading pharma companies to spend on R&D into advanced packaging techniques.

These pharmaceutical manufacturers are also exploring bio-based and green alternatives to minimize the adverse environmental impacts. This also calls for higher R&D expenditure. Besides this, the medical devices and pharmaceutical industry deals with a wide product portfolio that further makes the chances of developing a universal packaging technique insignificant. Adherence to the highest standards of packaging and labeling is therefore considered imperative.

Get accurate market forecast and analysis on the Packaging and Labeling (Healthcare) Services Market. Request a sample to stay abreast on the key trends impacting this market: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11162

The healthcare industry has been exhibiting high demand for primary packaging. The segment held over 60.7% of the market based on type in 2014. Furthermore, TMR forecasts primary packaging to continue as the leading segment in the market through the forecast period. Besides this, the secondary packaging segment is expected to report a CAGR of 5.9% during the forecast period.

Regionally, Europe has emerged as the most lucrative market for packaging and labeling due to the presence of numerous pharma and biotech companies in the region. It held over 31.3% share in the market in 2014. Besides this region, the market will also witness attractive opportunities in Asia Pacific.

Spurred by the increasing demand for anti-counterfeit drug packaging technologies, TMR forecasts the market to surge at a CAGR of 5.3% between 2015 and 2023. The global packaging and labeling services market is expected to reach US$136.27 bn by 2023. TMR has pegged the market’s overall value at US$84.61 bn in 2014.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Packaging and Labeling (Healthcare) Services Market is expanding at a CAGR of 5.3% from 2015 to 2023 here

News-ID: 628911 • Views: 570

More Releases from Transparency Market Research

Wind Turbine Operations and Maintenance Market Demand and Growth Analysis with F …
Overview TMR’s report on the Wind Turbine Operations and Maintenance Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Wind Turbine Operations and Maintenance Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Wind
Petroleum Coke Market Shares, Strategies and Opportunities 2020
Overview TMR’s report on the Petroleum Coke Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Petroleum Coke Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Petroleum Coke Market over the forecast period.
Bunker Fuel Market Segmentation and Forecast Analysis up to 2020
Overview TMR’s report on the Bunker Fuel Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Bunker Fuel Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Bunker Fuel Market over the forecast period.
Concentrated Solar Power Market Detailed Analysis and Forecast up to 2020
Overview TMR’s report on the Concentrated Solar Power Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Concentrated Solar Power Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Concentrated Solar Power Market over

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the