DALLAS, May 16, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global pharmaceutical label market looks promising with opportunities in the bottles, blister packs, parenteral containers, pre-fillable syringes, pre-fillable inhalers, and pouches. The global pharmaceutical label market is expected to reach an estimated $6.5 billion by 2024 with a CAGR of 5.7% from 2018 to 2024. The major drivers for this market are growth in the pharmaceutical industry along with growing healthcare expenditures in developing economies.
Browse 95 market data tables and 125 figures spread through 195 pages and in-depth TOC on “Global Pharmaceutical Label Market"
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In this market, different types of pharmaceutical label such as pressure sensitive label, glue applied label, sleeve label, in mold label, and others are used as label. On the basis of comprehensive research, Lucintel forecasts that the pressure sensitive labels will remain the largest segment over the forecast period because these labels are versatile, convenient to use, and available in different designs and patterns.
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North America is expected to remain the largest region due to recent technological advancements in pharmaceutical labels. APAC is expected to witness the highest growth rate over the forecast period due to its growing pharmaceutical industry and stronger prevention of counterfeit pharmaceutical products.
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Emerging trends, which have a direct impact on the dynamics of the pharmaceutical label industry, include increasing use of recyclable and biodegradable label products and adoption of expanded content label design. CCL Industries, 3M Company, Essentra, Avery Dennison Corporation, MCC Label, SATO Holding Corporation, and Consolidated Label and others are among the major pharmaceutical label manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed and forecasted for the global pharmaceutical label market by label type, material, application, end use, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Pharmaceutical Label Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com