The global cryogenic label market size is calculated at USD 1,219 million in 2024 and is predicted to reach around USD 2,227 million by 2034, expanding at a CAGR of 6.21% from 2024 to 2034.
The cryogenic labels market is a crucial branch of the packaging industry. This industry deals in manufacturing and distribution of labels that can withstand extreme conditions. Cryogenic labels comes in different sizes and configurations which finds application in tubes, plates, racks, vials, boxes and straws. These labels are manufactured using several materials consisting of nylon and polyester. It is pasted using different types of adhesives comprising of permanent adhesives and removable adhesives. The rising government investment for developing the healthcare infrastructure is driving the industrial growth. This market is expected to rise significantly with the growth of the pharmaceutical industry across the globe.
The rising advancements in cell therapies, genomics and some others along with numerous research activities related to regenerative medicine has driven the market expansion. Also, the rapid technological developments in labeling solutions coupled with rise in number of biobanks and genomic research institutes is playing a vital role in positively impacting the industry. Moreover, the growing application of these labels in several end-use sectors such as shipping, electronics, chemicals, healthcare and some others is anticipated to foster the growth of the cryogenic labels market.
The rising adoption of smart labelling technologies including RFID and barcode coupled with increased demand for sustainable labeling solutions is expected to create ample growth opportunities for the market players in the upcoming days.
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| Stats ID: | 7874 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7874 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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