Cryogenic Label Market Outlook from 2024 to 2034
Amidst the rise of precision medicine and the reliance of the global healthcare sector on biobanks, the demand for cryogenic labels has reached an all-time high. These labels, which find applications in a wide range of industries across sectors, are observed to be making their way into fields beyond healthcare and academia. The USD 1,166.8 million cryogenic label market as of 2024 is further slated to expand with breakthroughs in drug development.
The pharmaceutical sector’s boom, since the recent pandemic, has also influenced the market. Entities involved in this industry utilize its potential for tracking and identifying samples critical for vaccine development, production, and distribution. Hefty investments by pharma companies, both public as well as private, have also contributed to its expansion in the recent past.
The market growing at a CAGR of 6.20% is very likely to take the valuation to a staggering USD 2,126.6 million by the end of 2034. This rapid rise in the valuation is attributed to cryogenic labels finding increased adoption across a wide range of industries such as biotechnology, food processing, industrial manufacturing, aerospace, veterinary medicine, and academic research institutions.
| Attributes |
Details |
| Market Value for 2024 |
USD 1,166.8 million |
| Projected Market Value for 2034 |
USD 2,126.6 million |
| Value-based CAGR of the Market for 2024 to 2034 |
6.20% |
Cryogenic Label Industry Trends
- Cryogenic labels are now being integrated with digital technologies such as barcode systems, RFID tags, and laboratory information management systems. These additions help automate data capture, real-time tracking, and seamless integration, thus improving the overall performance of these labels.
- Like in other industries, sustainability has also influenced the market as companies involved in manufacturing are curating labels that are not only cost-effective but also sustainable. This has helped companies attract eco-conscious consumers and businesses to the market.
- Tamper-evident features are also being introduced in cryogenic labels. This is primarily done to prevent unauthorized access to samples and ensure data integrity throughout the sample lifecycle.
Category-wise Insights
Permanent Cryogenic Labels are Getting More Preference Compared to Removable Ones
Cryogenic labels come in two variants. The permanent ones and the removable ones. On the basis of adhesives, the permanent ones hold the prime market share of 71.10% as of 2024.
| Attributes |
Details |
| Adhesive |
Permanent |
| Market Share (2024) |
71.10% |
- The demand for permanent cryogenic labels is touching the skies as they are designed to withstand harsh conditions, such as ultra-low temperatures, chemical exposure, and physical abrasion.
- Permanent cryogenic labels are also getting increasingly preferred by manufacturing units across industries as they provide tamper-resistant identification, ensuring that labels remain attached to sample containers and cannot be easily removed or altered.
Cryogenic Labels Find their Way in the Booming Healthcare and Pharmaceutical Sector
Cryogenic labels find their applications in a wide range of end-use industries such as healthcare, biopharmaceutical, pharmaceutical, food processing, etc. Among these, the healthcare and pharmaceutical end use segment holds a substantial share of 29.60% in 2024.
| Attributes |
Details |
| End Use |
Healthcare and Pharmaceutical |
| Market Share (2024) |
29.60% |
- The demand is skyrocketing in the healthcare and pharmaceutical industries as they are used to accurately identify and track samples such as blood, plasma, serum, tissues, and other biological specimens stored at ultra-low temperatures.
- Post-pandemic boom in these industries has also led to the increased adoption of these labels for vaccine development, clinical trials management, biobanking, and cold chain logistics.
Country-wise Insights
| Countries |
CAGR (2024 to 2034) |
| India |
7.60% |
| China |
7.10% |
| Thailand |
6.90% |
| Canada |
5.90% |
| South Korea |
5.60% |
India’s Booming Pharmaceutical Industry Proves to be a Boon for Cryogenic Label Market
The market in India is slated to develop at a CAGR of 7.60% during the forecasted period.
- India's pharmaceutical industry has been rapidly advancing, especially post-pandemic, thanks to hefty investments by public and private companies in the sector. This modernization of the sector has created a conducive environment for its adoption in the country's pharma industry.
- The market in India is also growing because of its applications in the food and beverage industry. Indian companies involved in these industries have to cater to the demands of a billion consumers. This sheer enormity of consumers therefore forces companies to strengthen their cold storage facilities which requires cryogenic labels in large quantities.
China’s Dominance in the Chemical Sector Profits the Cryogenic Label Market
China is also one of the most lucrative countries in this market. It is very likely to progress at a CAGR of 7.10%.
- China is one of the leading countries when it comes to the production of specialized chemicals. Around forty percent of the world’s chemicals are produced in China and exported to various countries for industrial use. This export-oriented production naturally generates a huge demand for cold storage solutions which in turn creates its clamor.
- China’s healthcare sector is considered one of the most progressive in the world. It also utilizes the capabilities of cryogenic labels for storing biological samples, pharmaceuticals, patient specimens, biomaterials, laboratory samples, and medical devices at ultra-low temperatures.
Thailand’s Hospitality Sector Paves the Way for its Cryogenic Label Market
The market in Thailand is also a promising one. It is slated to rise at a CAGR of 6.90% through 2034.
- Thailand is blessed with lush mountains and beautiful beaches. Each year millions of tourists flock to the nation to take advantage of its inexpensive accommodation, vibrant culture, and stunning natural landscapes. Hotels, resorts, and wellness centers also make use of these labels for various purposes.
- This consumer group usually uses cryogenic labels for managing cold chain logistics. Wellness and spas also use these labels for labeling containers or equipment used in treatments involving cryotherapy, cold therapy, or other temperature-controlled therapies.
Canada’s Biobanking Industry Takes Care of its Cryogenic Label Market
The market in Canada is also very likely to flourish in the coming years. It is slated to inflate at a CAGR of 5.90% through 2034.
- Canada has always been at the forefront of global biobanking technology. Canada’s market is flooded with numerous multinational companies seeking cryogenic storage facilities in the country. This automatically generates its demand in the country.
- Canada-based companies involved in the medicare sector also generate great demand for conducting clinical trials. They also rely on cryogenic labels to label and track samples collected from study participants.
South Korean Cryogenic Label Market Benefits from its Advanced Skincare Sector
The future of the market in South Korea also looks very bright. The market is slated to surge at a CAGR of 5.60% through 2034.
South Korea also generates excellent demand due to its well-established skincare industry. Manufacturing units involved in the cosmetics sector take advantage of cryogenic labels to accurately label and track various components and ingredients used in skincare products.
Competitive Landscape
The cryogenic label market is a well-established one with a multitude of companies vying for international dominance. Post-pandemic, its prominence has shattered the ceilings as companies are increasingly pouring more financial capital in improving their cryogenic storage facilities. This has opened new doors for cryogenic label manufacturers to curate sustainable and affordable offerings that cater to the demands of eco-conscious consumers and businesses.
Recent Developments
- In July 2022, Schreiner MediPharm developed Freeze-Lock, a cryo label enduring sub-zero temps for medications like COVID-19 vaccines. It featured two layers ensuring adhesive strength and readability, meeting storage demands for crucial therapies.
- In August 2021, FLEXcon Company, Inc. launched its revamped PHARMcal® line, offering track and trace solutions for pharmaceutical labeling. The simplified product range streamlines selection for customers, ensuring consistent quality and performance across global availability.
- In May 2020, Mactac unveiled new cryogenic labels designed for extreme temperatures as low as -320 degrees Fahrenheit. The labelstocks featured advanced adhesives and were intended for use in medical research, clinical laboratories, and biobanks, providing reliable identification in harsh conditions.
- In October 2022, Avery Dennison engineered a new portfolio of label materials, the Pharmaceutical and Healthcare Collection, meeting rigorous standards. This collection addressed growing demands for innovation in pharmaceutical labeling amid heightened focus on health and wellness during the pandemic.
Key Companies
- Brady Corporation
- Thermo Fisher Scientific Inc.
- GA International Inc.
- Weber Packaging Solutions, Inc.
- LabTAG - Division of GA International Inc.
- CryoSafe - Custom Biogenic Systems
- Cryo Coders
- Cryo Ink
- Tektag
- CryoElite
- Nalgene
- Eppendorf
- Remel Inc.
- Bel-Art - SP Scienceware
- CryoChoice
- Cryo-ID
- StarLabel Products
- Cryo Supplies
- Cryo Labels
- TydenBrooks Security Products Group
Key Coverage in the Cryogenic Label Market
- Market segmentation of cryogenic labeling products
- Consumer preferences for cryogenic labels in the market
- Market forecast for the cryogenic labels industry
- Market research on the durability and adhesion of cryogenic labels
- Market analysis of distribution channels for cryogenic labeling products
