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(Medical-NewsWire.com, January 10, 2023 ) The global "Anti-counterfeit Packaging Market in terms of value, is projected to reach USD 211.3 billion by 2026, at a CAGR of 12.5%. The Anti-counterfeit Packaging Market is growing rapidly in accordance with the growth in the packaging market, globally. Growing awareness about the unscrupulous counterfeiting activities among manufacturers and a decrease in the cost of tracing anti-counterfeit technologies are expected to fuel the market growth of the region in the coming years. The anti-counterfeit packaging market is classified on the basis of technology, end-use sector, and region.
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High growth potential in the emerging Asia Pacific markets is expected to provide new growth opportunities to players in the anti-counterfeit packaging market. Asia Pacific is projected to be the fastest-growing region in the global anti-counterfeit packaging market during the forecast period, with China being the largest market in this region. Developing economies such as China and India are projected to be the emerging markets, making Asia-Pacific the fastest-growing region in the anti-counterfeit packaging market.
These emerging economies focus on adopting the latest technologies and manufacturing processes in various industrial segments. The growth of the anti-counterfeit packaging market in this region is driven by factors such rise in counterfeiting activities, increasing brand awareness, mindfulness amongst buyers about product information, the growing e-commerce industry, developments in printing technologies, and growing concerns regarding the impact of counterfeit packaging on the brand image of products and consumer health.
The pharmaceuticals segment is estimated to be the fastest-growing as well as the largest application segment in the anti-counterfeit packaging market. This trend is projected to continue during the forecast period, due to increased counterfeiting activities in developing countries and increased awareness toward human health & safety. Further, recent incidences of raids on counterfeiters in developed economies has driven pharmaceutical companies in North America and Europe to develop packaging with covert technologies to ensure brand image security.
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Browse in-depth TOC on "Anti-counterfeit Packaging Market”
151 - Market Data Tables
31 - Figures
210 - Pages
On the basis of technology, the RFID technology segment is estimated to be the fastest-growing segment as it uses radio waves to read and capture information stored on the tag attached to the product. RFID are used extensively in the packaging industry.
The major players include Avery Dennison (US), CCL Industries Inc. (Canada), 3M Company (US), DuPont (US), Zebra Technologies Corporation (US), SICPA Holding SA (Switzerland), AlpVision S.A (Switzerland), Applied DNA Sciences Inc. (US), Savi Technology, Inc. (US), and Authentix, Inc. (US). Companies have adopted strategies such as new product launches, expansions & investments, and acquisitions to cope with the increasing demand in the emerging markets.
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