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The global pharmaceutical labeling market research predicts the market to grow at a CAGR of more than 4% over the forecast period. Color printing enables organizations to market their brands effectively to customers by emphasizing and focusing on the key features of the products. The proliferation of communication messages directed toward identical customer segments by different companies has led to increasing difficulty in customers identifying brands of a particular company. To overcome such problems, vendors are increasingly focusing on color inkjet printing as it helps the customer understand and retain the communication message on the label.
In this pharmaceutical labeling market analysis, factors such as the recent advances in technology are predicted to spur the growth prospects of the market over the predicted period. The global pharmaceutical labeling market has witnessed many innovations and technological advancements in the last few years. Besides the traditional water-based technology and hot-melts technology, several new technologies like ultra-barrier technology have emerged in the market. This technology enables the use of a transparent ultra-barrier film with low water and oxygen transport rates that meet the needs of new products employing organic light-emitting diodes.
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During 2015, the pressure sensitive labels segment dominated the market and accounted for more than 71% of the pharmaceutical labeling market share. Paper, coated paper films, and plastic films are the most commonly used materials to manufacture pressure-sensitive labels. These labels are convenient to use, are available in different designs and patterns, and are versatile.
In terms of geography, North America led the global pharmaceutical labeling market and is expected to reach close to USD 917 million by 2020. Factors such as the flexibility provided to manufacturers in terms of performance and design and increasing importance for enhanced shelf life and better visibility of product in pharmaceutical retail outlets are likely to contribute to this market’s growth in North America.
The global pharmaceutical labeling market is highly competitive and is characterized by the presence of both well-diversified global and regional players. The vendors compete on the basis of product price, design, product innovation, product line, and quality and service. Moreover, they are investing in research and development to develop advanced packaging and labeling solutions. The competitive environment is expected to intensify with an increase in product extensions, innovations in technology, an increase in product extensions, and mergers and acquisitions.
According to the pharmaceutical labeling market forecast, the key vendors in this market are -
Other prominent vendors analyzed in this report are Advanced Labels, Advanced Labels, Axon, Clabro Label, Classic Label, Consolidated Label, Edwards Label, Jet Label, Maverick Label, MCC Label, Mercian Labels, Metro Label, Progressive Label, and Taylor Label.
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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
PART 07: Market segmentation by label types
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: Explore Technavio
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