Extended Text Labels Market to Witness an Outstanding Growth during 2020 - 2025 Shubham Jamdade
• July 22, 2021
Extended Text Labels Market: Introduction
Transparency Market Research delivers key insights for the extended text labels
market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2025. In terms of revenue, the global extended text labels market is projected to expand about 1.3x its current market value by the end of 2025, owing to ever-increasing demand from end usage such as general pharmaceuticals, clinical trials, animal health, and others across several countries, about which TMR offers detailed insights and forecasts in the extended text labels market report.
Extended text labels are used primarily in end-use industries, including pharmaceuticals, clinical trials, animal health, chemicals, and food & beverages. Extended text labels are also known as extended content labels. These are multi page labels, which provide enough printing space on limited printing space of packaging products. These labels are predominantly used in pharmaceuticals and clinical trials industries. TMR segmented the analysis of extended text labels market based on various factors such as label type, product type, material type, application, and end use across five regions. As per the TMR analysis, booklet/leaflet type extended text labels are expected to hold the largest market share during the forecast period, as they offer brand owners a modern, stylish way to market their products to end users.
Regulatory Environment Associated to Labeling of Pharmaceutical Products to Drive Extended Text Labels Market Many countries around the world are increasingly implementing strict laws and regulations related to labeling in pharmaceutical and clinical trials products. Recent trend shows manufacturers in prominent end-use industries are increasingly adopting extended text labels to be in compliance with governments’ regulations. For instance, the U.S. FDA issued new regulations for label requirements with expanded information. Such detailed labeling aims to provide information to the drug prescriber or doctor more than to the consumer.