Future-proof Pharma Labels Market Share

Market Share of Future-proof Pharma Labels Industry

The Future-proof Pharma Labels Market is moderately competitive owing to the presence of individual players providing solutions in the market. The market appears to be consolidated primarily because few of the players occupy a significant share of the market. The major strategies adopted by critical players in the market are product innovations and strategic partnerships to expand their product offerings, expand their geographic reach, and stay ahead of the competition. Some of the major players in the market are CCL Industries Inc., Avery Dennison Corporation, and NiceLabel.

• January 2020 - Schreiner MediPharm showcased new robust RFID Pharma-Label and secure supply chain solutions. The new Robust RFID-Label from Schreiner MediPharm consists of a label-integrated RFID tag secured by the label's unique construction. Thus, potential damage to the RFID chip, for instance, due to mechanical impact during the manufacturing and handling processes, can be avoided.
• March 2020 - Avery Dennison Corporation has completed the acquisition of the transponder business of Smartrac for the purchase price of EUR 225 million. Smartrac engages in the development and manufacturing of RFID inlays. It has intense research and development capabilities and a track record for developing and commercializing effective, high-value, and high-quality RFID products.

Future-proof Pharma Labels Market Leaders

1. CCL Industries

2. Avery Dennison Corporation

3. UPM Raflatac, Inc.

4. Schreiner Group

5. NiceLabel (Euro Plus d.o.o.)

*Disclaimer: Major Players sorted in no particular order