The report forecasts the global pharmaceutical labeling market to grow at a CAGR of 4.32% during the period 2016-2020. Commenting on the report, an analyst from the research 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.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market opportunity assessment for different types of pharmaceutical labels