Future Proof Pharma Labels Market
Future Proof Pharma Labels Market Forecasts to 2030 - Global Analysis By Labeling Type (In-Mold Labels, Glue-Applied Labels, Pressure-Sensitive Labels, Sleeve Labels, Heat Transfer Labels and Other Labeling Types), Printing Type, Material, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Future Proof Pharma Labels Market is growing at a CAGR of 17.1% during the forecast period. Future Proof Pharma Labels is pharmaceutical labels designed to withstand future regulatory changes, technological advancements, and evolving industry standards. These labels are intended to remain compliant and effective over time, ensuring that important information such as drug dosage, administration instructions, warnings, and expiration dates are accurately conveyed to healthcare professionals and patients.
According to the World Health Organization, globally, counterfeiting costs the pharma industry USD 75 billion every year.
Market Dynamics:
Driver:
Growing emphasis on patient safety
Future-proofing strategies in this market increasingly focus on enhancing label designs and information clarity to reduce medication errors and improve patient outcomes. Emphasis is placed on incorporating user-friendly instructions, clear dosage information, and prominent warnings about potential risks. Additionally, advancements in technology, such as QR codes for accessing detailed medication information, are being integrated to further enhance safety measures.
Restraint:
Complexity of integration
The integration of market in the pharmaceutical industry presents several complexities due to the need for efficient anti-counterfeiting solutions, adherence to stringent regulations, and the deployment of RFID technology for monitoring drug quality and movement. Additionally, the distribution process in certain regions is managed manually, leading to difficulties in managing proper inventory and expiry dates. These complexities highlight the challenges in implementing and managing future-proof pharma labels, especially in regions with complex distribution structures and manual processes
Opportunity:
Rising need for accurate medication information
The market is witnessing a rising need for accurate medication information driven by increasing regulations, patient safety focus, and technological advancements. The integration of track-and-trace technologies and smart labels is enhancing supply chain visibility and patient-centric labeling solutions. Furthermore, the adoption of digital printing technologies is revolutionizing the market, allowing pharmaceutical companies to produce durable, tamper-evident labels with dynamic data.
Threat:
Limited awareness
Limited awareness persists in the market, primarily due to the complex and evolving nature of labeling regulations and technologies. Many pharmaceutical companies, especially smaller ones, may not be fully informed about the benefits and requirements of future-proof labeling solutions. Smaller pharmaceutical companies may not be fully informed about the benefits and requirements of future-proof labeling solutions due to limited resources and expertise. Moreover, the diverse global regulatory landscape further complicates awareness efforts.
Covid-19 Impact:
The COVID-19 pandemic has significantly impacted the Future Proof Pharma Labels Market, prompting a heightened focus on safety, traceability, and regulatory compliance. With the pharmaceutical industry facing unprecedented challenges, there's a growing demand for labels that ensure product authenticity, tamper-evidence, and serialization to track vaccine distribution and combat counterfeit drugs. Moreover, the pandemic has accelerated the adoption of digital solutions, such as QR codes and RFID technology, enhancing supply chain resilience and enabling remote monitoring.
The pressure-sensitive labels segment is expected to be the largest during the forecast period
The pressure-sensitive labels segment is expected to be the largest during the forecast period. With advancements in material science and printing technologies, pressure-sensitive labels are poised to meet evolving industry needs, including serialization and anti-counterfeiting measures. Their ease of application and ability to adhere to various surfaces make them a preferred choice for pharmaceutical packaging, enhancing efficiency and ensuring accurate product identification and tracking throughout the supply chain.
The flexographic printing segment is expected to have the highest CAGR during the forecast period
The flexographic printing segment is expected to have the highest CAGR during the forecast period. With increasing demands for traceability, security, and regulatory compliance, flexographic printing offers high-quality, durable labels capable of withstanding stringent environmental conditions. Moreover, advancements in flexographic technology, such as improved ink formulations and substrate compatibility, ensure that pharmaceutical labels meet evolving industry standards.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to their adoption of innovative labeling solutions, including smart labels and tamper-evident features. Moreover, rising demand for personalized medicine and track-and-trace capabilities further fuels market expansion. With a focus on enhancing efficiency and safety throughout the supply chain, the pharmaceutical labels market in is expected to experience sustained growth and evolution in the coming years.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The region is witnessing a rise in pharmaceutical consumption due to factors such as population growth, increasing healthcare awareness, and rising income levels. This growth in pharmaceutical consumption directly contributes to the demand for pharmaceutical labels. There is a growing emphasis on patient safety in the pharmaceutical industry, leading to increased demand for labels that facilitate accurate medication administration and dosage instructions.
Key players in the market
Some of the key players in Future Proof Pharma Labels market include Denny Bros Ltd., Loftware, Inc., R.R. Donnelley & Sons Company, 3M Company, CCL Industries Inc., UPM Raflatac, Inc., Essentra PLC, WS Packaging Group, Inc., Schreiner Group GmbH & Co. KG, Covectra, Inc., Avery Dennison Corporation, Taylor Communications, Zebra Technologies, Honeywell, Graphic Label, Inc., DuPont and Sato Corporation.
Key Developments:
In July 2023, CCL Industries Inc., has announced the acquisition of Faubel & Co. Nachfolger GmbH (“Faubel”), a specialist in labels for pharmaceutical clinical trials. The acquisition marks a strategic move by CCL Industries to build a stronger global presence in the healthcare sector and positions the company as a key player in clinical trials labeling.
In March 2023, 3M announced a collaboration with Guardhat, an industry-leading connected safety software company. Given the importance of connectivity as a key ingredient in safety programs, 3M is transferring its Safety Inspection Management (SIM) software to Guardhat.
Labeling Types Covered:
• In-Mold Labels
• Glue-Applied Labels
• Pressure-Sensitive Labels
• Sleeve Labels
• Heat Transfer Labels
• Other Labeling Types
Printing Types Covered:
• Offset Printing
• Screen Printing
• Digital Printing
• Flexographic Printing
• Other Printing Types
Materials Covered:
• Foil
• Paper
• Plastic
• Film
• Other Materials
Technologies Covered:
• Radio Frequency Identification (RFID) Labels
• E-code Labels
• Smart Labels
• Near Field Communication (NFC)
• Other Technologies
Applications Covered:
• Bottle Labels
• Vial & Ampoule Labels
• Blister Packs
• Syringe Labels
• Tube Labels
• Other Applications
End Users Covered:
• Retail Pharmacies
• Contract Research Organizations
• Hospitals & Clinics
• Pharmaceutical Manufacturers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Future Proof Pharma Labels Market, By Labeling Type
5.1 Introduction
5.2 In-Mold Labels
5.3 Glue-Applied Labels
5.4 Pressure-Sensitive Labels
5.5 Sleeve Labels
5.6 Heat Transfer Labels
5.7 Other Labeling Types
6 Global Future Proof Pharma Labels Market, By Printing Type
6.1 Introduction
6.2 Offset Printing
6.3 Screen Printing
6.4 Digital Printing
6.5 Flexographic Printing
6.6 Other Printing Types
7 Global Future Proof Pharma Labels Market, By Material
7.1 Introduction
7.2 Foil
7.3 Paper
7.4 Plastic
7.5 Film
7.6 Other Materials
8 Global Future Proof Pharma Labels Market, By Technology
8.1 Introduction
8.2 Radio Frequency Identification (RFID) Labels
8.2.1 Anti-tampering
8.2.2 Improved inventory management
8.3 E-code Labels
8.3.1 Serialization
8.3.2 Aggregation
8.4 Smart Labels
8.4.1 Time-temperature indicators
8.4.2 Temperature sensors
8.4.3 Tamper-evident features
8.5 Near Field Communication (NFC)
8.6 Other Technologies
9 Global Future Proof Pharma Labels Market, By Application
9.1 Introduction
9.2 Bottle Labels
9.3 Vial & Ampoule Labels
9.4 Blister Packs
9.5 Syringe Labels
9.6 Tube Labels
9.7 Other Applications
10 Global Future Proof Pharma Labels Market, By End User
10.1 Introduction
10.2 Retail Pharmacies
10.3 Contract Research Organizations
10.4 Hospitals & Clinics
10.5 Pharmaceutical Manufacturers
10.6 Other End Users
11 Global Future Proof Pharma Labels Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Denny Bros Ltd.
13.2 Loftware, Inc.
13.3 R.R. Donnelley & Sons Company
13.4 3M Company
13.5 CCL Industries Inc.
13.6 UPM Raflatac, Inc.
13.7 Essentra PLC
13.8 WS Packaging Group, Inc.
13.9 Schreiner Group GmbH & Co. KG
13.10 Covectra, Inc.
13.11 Avery Dennison Corporation
13.12 Taylor Communications
13.13 Zebra Technologies
13.14 Honeywell
13.15 Graphic Label, Inc.
13.16 DuPont
13.17 Sato Corporation
List of Tables
1 Global Future Proof Pharma Labels Market Outlook, By Region (2021-2030) ($MN)
2 Global Future Proof Pharma Labels Market Outlook, By Labeling Type (2021-2030) ($MN)
3 Global Future Proof Pharma Labels Market Outlook, By In-Mold Labels (2021-2030) ($MN)
4 Global Future Proof Pharma Labels Market Outlook, By Glue-Applied Labels (2021-2030) ($MN)
5 Global Future Proof Pharma Labels Market Outlook, By Pressure-Sensitive Labels (2021-2030) ($MN)
6 Global Future Proof Pharma Labels Market Outlook, By Sleeve Labels (2021-2030) ($MN)
7 Global Future Proof Pharma Labels Market Outlook, By Heat Transfer Labels (2021-2030) ($MN)
8 Global Future Proof Pharma Labels Market Outlook, By Other Labeling Types (2021-2030) ($MN)
9 Global Future Proof Pharma Labels Market Outlook, By Printing Type (2021-2030) ($MN)
10 Global Future Proof Pharma Labels Market Outlook, By Offset Printing (2021-2030) ($MN)
11 Global Future Proof Pharma Labels Market Outlook, By Screen Printing (2021-2030) ($MN)
12 Global Future Proof Pharma Labels Market Outlook, By Digital Printing (2021-2030) ($MN)
13 Global Future Proof Pharma Labels Market Outlook, By Flexographic Printing (2021-2030) ($MN)
14 Global Future Proof Pharma Labels Market Outlook, By Other Printing Types (2021-2030) ($MN)
15 Global Future Proof Pharma Labels Market Outlook, By Material (2021-2030) ($MN)
16 Global Future Proof Pharma Labels Market Outlook, By Foil (2021-2030) ($MN)
17 Global Future Proof Pharma Labels Market Outlook, By Paper (2021-2030) ($MN)
18 Global Future Proof Pharma Labels Market Outlook, By Plastic (2021-2030) ($MN)
19 Global Future Proof Pharma Labels Market Outlook, By Film (2021-2030) ($MN)
20 Global Future Proof Pharma Labels Market Outlook, By Other Materials (2021-2030) ($MN)
21 Global Future Proof Pharma Labels Market Outlook, By Technology (2021-2030) ($MN)
22 Global Future Proof Pharma Labels Market Outlook, By Radio Frequency Identification (RFID) Labels (2021-2030) ($MN)
23 Global Future Proof Pharma Labels Market Outlook, By Anti-tampering (2021-2030) ($MN)
24 Global Future Proof Pharma Labels Market Outlook, By Improved inventory management (2021-2030) ($MN)
25 Global Future Proof Pharma Labels Market Outlook, By E-code Labels (2021-2030) ($MN)
26 Global Future Proof Pharma Labels Market Outlook, By Serialization (2021-2030) ($MN)
27 Global Future Proof Pharma Labels Market Outlook, By Aggregation (2021-2030) ($MN)
28 Global Future Proof Pharma Labels Market Outlook, By Smart Labels (2021-2030) ($MN)
29 Global Future Proof Pharma Labels Market Outlook, By Time-temperature indicators (2021-2030) ($MN)
30 Global Future Proof Pharma Labels Market Outlook, By Temperature sensors (2021-2030) ($MN)
31 Global Future Proof Pharma Labels Market Outlook, By Tamper-evident features (2021-2030) ($MN)
32 Global Future Proof Pharma Labels Market Outlook, By Near Field Communication (NFC) (2021-2030) ($MN)
33 Global Future Proof Pharma Labels Market Outlook, By Other Technologies (2021-2030) ($MN)
34 Global Future Proof Pharma Labels Market Outlook, By Application (2021-2030) ($MN)
35 Global Future Proof Pharma Labels Market Outlook, By Bottle Labels (2021-2030) ($MN)
36 Global Future Proof Pharma Labels Market Outlook, By Vial & Ampoule Labels (2021-2030) ($MN)
37 Global Future Proof Pharma Labels Market Outlook, By Blister Packs (2021-2030) ($MN)
38 Global Future Proof Pharma Labels Market Outlook, By Syringe Labels (2021-2030) ($MN)
39 Global Future Proof Pharma Labels Market Outlook, By Tube Labels (2021-2030) ($MN)
40 Global Future Proof Pharma Labels Market Outlook, By Other Applications (2021-2030) ($MN)
41 Global Future Proof Pharma Labels Market Outlook, By End User (2021-2030) ($MN)
42 Global Future Proof Pharma Labels Market Outlook, By Retail Pharmacies (2021-2030) ($MN)
43 Global Future Proof Pharma Labels Market Outlook, By Contract Research Organizations (2021-2030) ($MN)
44 Global Future Proof Pharma Labels Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
45 Global Future Proof Pharma Labels Market Outlook, By Pharmaceutical Manufacturers (2021-2030) ($MN)
46 Global Future Proof Pharma Labels Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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