Pharmaceutical Primary Packaging Label Market Witness Highest Growth in Near Future | At a CAGR of 7.20% by 2030

PORTLAND, GA, UNITED STATES, December 24, 2024 /EINPresswire.com/ -- Pharmaceutical packaging involves the process of securely enclosing pharmaceutical products in suitable containers to protect them from external elements such as light, moisture, and contamination. It encompasses the design, development, and production of packaging materials and systems tailored to the specific requirements of medications. Pharmaceutical packaging ensures the integrity, stability, and safety of drugs throughout their lifecycle, from manufacturing to distribution and use by patients, while also facilitating dosing accuracy, regulatory compliance, and patient convenience.

According to the report, the global pharmaceutical primary packaging label industry generated $2.37 billion in 2020, and is expected to reach $4.76 billion by 2030, witnessing a CAGR of 7.2% from 2021 to 2030.

Get Sample Report at: https://www.alliedmarketresearch.com/request-sample/15786

Prime determinants of growth

Increase in cases of counterfeiting, surge in manufacturing of recyclable and biodegradable label products, and adoption of expanded content label design drive the growth of the global pharmaceutical primary packaging label market. However, stringent government regulations and standards restrain the market growth. On the other hand, usage of smart labeling for patient engagement and identification create new opportunities in the coming years.

The film segment to maintain its leadership status during the forecast period

Based on face material, the film segment accounted for the highest share in 2020, contributing to more than three-fifths of the global pharmaceutical primary packaging label market, and is estimated to maintain its leadership status during the forecast period. This is due to their durability, moisture resistance, and end-to-end sealing properties. However, the paper segment is expected to portray the highest CAGR of 7.3% from 2021 to 2030. This is due to advantages of paper label such as high image quality and clarity as well as excellent adherence of ink to the paper to provide details in a printed picture.

Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/15786

The cryogenic and refrigerated storage products segment to maintain its lead position by 2030

Based on storage type, the cryogenic and refrigerated storage products segment held the highest share in 2020, accounting for more than half of the global pharmaceutical primary packaging label market, and is projected to maintain its lead position throughout the forecast period. Moreover, this segment is estimated to witness the fastest CAGR of 7.4% from 2021 to 2030. This is due to rise in number of products that need refrigeration and new launches of labels to withstand cryogenic & refrigerated storage products conditions. The research also analyzes the non-refrigerated storage products segment.

North America to maintain its dominance in terms of revenue by 2030

Based on region, North America contributed to the largest market share in 2020, accounting for around two-fifths of the global pharmaceutical primary packaging label market, and is projected to maintain its dominance in terms of revenue by 2030. This is attributed to well-established healthcare system that demand proper pharmaceutical primary packaging labeling and stringent rules & regulations. However, LAMEA is projected to witness the fastest CAGR of 8.0% during the forecast period. This is due to increase in healthcare and pharmaceutical expenditure by governments in the region.

Leading market players:

Avery Dennison Corporation
CCL Industries
Consolidated Label Co.
Essentra Plc.
Herma GmbH
Lintec Corporation
MCC Label
ProMach
The 3M Company
UPM

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X