Lucintel’s latest market report analyzed that pharmaceutical label provides attractive opportunities in the bottles, blister packs, parenteral containers, pre-fillable syringes, pre-fillable inhalers, and pouches. The pharmaceutical label market is expected to reach $6.9 billion by 2025 with a CAGR of 5.3%. In this market, a pressure sensitive label is the largest segment by label type, whereas bottles are largest by end use industry. The increasing use of recyclable and biodegradable label products and adoption of expanded content label design provides strategic growth path in this market.
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Based on label type, the pharmaceutical label market is segmented into pressure sensitive label, glue applied label, sleeve label, in mold label, and others. The pressure sensitive label segment is accounted for the largest share of the market in 2020 because these labels are versatile, convenient to use, and available in different designs and patterns and sleeve label segment is expected to register the highest CAGR during the forecast period because this label can be used for 360° degree branding and messaging of the product.
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The pharmaceutical label market is marked by the presence of several big and small players. Some of the prominent players offering pharmaceutical label include CCL Industries, 3M Company, Essentra, Avery Dennison Corporation, MCC Label, SATO Holding Corporation, and Consolidated Label and others.
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