Global Anti-Counterfeit Packaging Market: Market Segments: By Technology (Mass Encoding, RFID, Tamper Evidence, Hologram, Forensic); By Application (Pharmaceuticals & Healthcare, Food & Beverage, Clothing & Apparel & Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
In order to minimize counterfeiting or infringement, anti-counterfeit packaging is defined as the process of assigning secure packaging to the product. Anti-counterfeiting packaging is a secure packaging method that prevents imitation and confirms the products’ safety. Companies take anti-counterfeit steps, allowing them to reduce losses due to counterfeiting in terms of sales and loyalty.
Global Anti-Counterfeit Packaging Market is expected to project a notable CAGR of XX.X% in 2030.
Global Anti-Counterfeit Packaging Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. Due to growing concerns about the dilution of brand identity by the leading producers around the globe, the industry is expected to experience high growth.
Global Anti-Counterfeit Packaging Market: Segments
The mass encoding Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Anti-Counterfeit Packaging Market is segmented by type into Mass Encoding, RFID, Tamper Evidence, Hologram, Forensic. The greater market share in 2019 was accounted by the mass encoding segment and is projected to lead the Anti-Counterfeit Packaging market in terms of value during the forecast period. Through the numerous logistics and supply chain management nodes, the dominant market position of the mass encoding technology can be attributed to its product tracking solution. This is also due to the high-volume implementation of packaging innovations, helping producers to escape any technical hurdles.
Global Anti-Counterfeit Packaging Market: Market Dynamics
Stringent product safety regulations
The latest trend identified in the anti-counterfeit packaging market is the rise in strict product protection regulations related to counterfeiting. Since the market concentration of counterfeit products is constantly growing, strict regulations are imposed by the government of different countries to regulate counterfeiting activities.
High Cost of Technology
The introduction of anti-counterfeiting technologies is costly, so the safety of the drug is ignored by small producers which is likely to be impeded by the market growth of anti-counterfeit pharmaceutical packaging. Counterfeit drugs are specifically promoted by the increase in the number of cases in which patients do not consult a physician before buying prescription products.
Global Anti-Counterfeit Packaging Market: Regions
Global Anti-Counterfeit Packaging Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Anti-Counterfeit Packaging Market in the APAC region held the largest market share of XX.X% in 2018 with emerging economies such as China and India which is likely to continue during the forecast period. Because of growing concerns about the harm caused by the production of forged goods, the industry is expected to expand. It is estimated that China will account for the largest market share and dominate the market for Asia-Pacific anti-counterfeit packaging. Demand for anti-counterfeit packaging solutions in China is likely to be driven by the rising pharmaceutical & healthcare and food & beverage industries. In addition, the broad customer base of the country, the overall positive economic environment and the rise in production activities will drive demand in the packaging sector.
Global Anti-Counterfeit Packaging Market: Key Players
• Avery Dennison Corporation
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• CCL Industries Inc.
• 3M Company
• E.I. Du Pont De Nemours and Company
• Zebra Technologies Corporation
• Sicpa Holding SA
• AlpVision SA
• Applied Dna Sciences Inc.
• Uflex Limited
• Authentix Inc.
• Ampacet Corporation
• PharmaSecure Inc.
Global Anti-Counterfeit Packaging Market report also contains analysis on:
Global Anti-Counterfeit Packaging Market:
• Mass Encoding
• Tamper Evidence
• Pharmaceuticals and Healthcare
• Food and Beverage
• Clothing and Apparel
• Anti-Counterfeit Packaging Market Dynamics
• Anti-Counterfeit Packaging Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints