About the Pharmaceutical Labeling Market
Labels are primarily printed pieces of paper, polymer, or film attached to a product, which contains important information about the product and the company. Types of labels available in the market are in-mold labels, pressure-sensitive labels, heat-shrink labels, roll-fed labels, barcode labels, laser labels, and digital labels. The terms packaging and labeling are often used together as each package contains a label or is always labeled. So, numerous vendors in this market are involved in the production of packaging products to meet the rising consumer needs. Digital labels are presently gaining popularity in many retail outlets. The numerous products launched by vendors are attracting players to adapt technologically advanced label products, which is propelling the growth of the market.
Technavio’s analysts forecast the global pharmaceutical labeling market to grow at a CAGR of 4.32% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global pharmaceutical labeling market for 2016-2020. To calculate the market size, the report takes into account the total revenue generated by the manufacturers from the sales of pharmaceutical labels.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pharmaceutical Labeling Market 2016-2020
Technavio recognizes the following companies as the key players in the global pharmaceutical labeling market: 3M, Avery Dennison, Bemis, CCL Industries, Essentra, LINTEC, and SATO Holdings.
Other Prominent Vendors in the market are: Advanced Labels, Allen Plastic, Axon, Clabro Label, Classic Label, Consolidated Label, Edwards label, Jet Label, Maverick Label, MCC Label, Mercian Labels, Metro Label, Progressive Label, and Taylor Label.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is positively impacting the market is the rising demand for sustainable labels. The growing environmental concern and the necessity to reduce pollution have emphasized on the use of resins derived from renewable resources and the use of recyclable materials in labeling especially plastic. So, vendors are increasing investment in the development of eco-friendly labels and promoting environmental sustainability. For instance, Spear, a major label converter, is trying to connect its consumers with recycling groups that collect used-up release liners after application. Other major vendors such as Avery Dennison and UPM Raflatac are also launching recyclable and biodegradable label products in the market.”
According to the report, a key growth driver is the growing demand for sleeve labels. Sleeve labels are inexpensive and have advantages such as they can be made of polyvinyl chloride, which is a low-cost material, they eliminate the need for colored containers, and they offer innovative advertising prospects. Heat-shrink labels can smoothly cover the curves of the container that would otherwise be difficult for normal adhesive labels. Besides wrapping the shoulders or cap of a container, sleeve labels can be used for a full-body 360° coverage.
Further, the report states that one challenge that could hamper market growth is the inefficient product labeling process.
3M, Avery Dennison, Bemis, CCL Industries, Essentra, LINTEC, SATO Holdings, Advanced Labels, Allen Plastic, Axon, Clabro Label, Classic Label, Consolidated Label, Edwards label, Jet Label, Maverick Label, MCC Label, Mercian Labels, Metro Label, Progressive Label, Taylor Label.
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