58.JPG)
The Global Anti-Counterfeit Packaging Market Size is valued at USD 157.26 billion in 2023 and is predicted to reach USD 455.77 billion by the year 2031 at a 14.53% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The market is predicted to grow significantly due to increased demand for brand protection solutions for pharmaceutical products.
- Growing concerns about product authenticity and safety, government laws against counterfeit packaging, and increased demand for high-quality packaging all contribute to global market growth.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- One of the significant concerns restraining industry growth is the absence of global standards for anti-counterfeit technologies and practices.
Anti-counterfeit packaging is the process of giving the goods secure packaging to reduce theft or counterfeiting. Anti-counterfeiting packaging is the practice of safe packaging that ensures product safety and thwarts imitation. Companies use anti-counterfeit measures, which aid them in minimizing loss from counterfeiting in terms of income and customer loyalty.
The economic harm to the business and the health hazards to consumers are the two main elements encouraging the adoption of anti-counterfeit packaging. In 2012, losses at pharmaceutical businesses were estimated to be $514 billion. The main cause of this loss of revenue is drug counterfeiting for over-the-counter use. Thus, cutting-edge technologies for product tracking would reduce economic harm and further encourage anti-counterfeit packaging market growth. Additionally, favorable government rules for food and pharmaceutical packaging, which are a major driving force in this industry, encourage anti-counterfeit solutions.
However, the anti-counterfeit packaging market expansion is hindered by consumers' lack of knowledge regarding the need to authenticate food and pharmaceutical items. An additional obstacle to the market's expansion is the growing impact on the process of product distribution, the rising expense of infrastructure, and the growing lack of knowledge, which together represent the main reasons limiting anti-counterfeit packaging market growth.
Recent Developments:
- In April 2022, the opening of Avery Dennison's brand-new, cutting-edge production facility in Greater Noida was announced. Through this new facility, the business will centralize its manufacturing processes in order to better meet client expectations while utilising new technology and increasing efficiencies.
- In July 2021, Strategic IP Information Pte Ltd., Asia's top online brand and content rights protection company, was bought by Authentix (SIPI). Through this tactical purchase, Authentix's portfolio of digital security technologies will now encompass online anti-counterfeiting and content rights solutions, broadening the range of services we can provide to clients seeking brand protection.
Competitive Landscape:
Some of the anti-counterfeit packaging market players are:
- 3D AG (Switzerland)
- 3M Company (US)
- Advanced Track and Trace (France)
- AlpVision S.A. (Switzerland)
- Ampacet Corporation (US)
- Applied DNA Sciences Inc (US)
- Atlantic Zeiser GmBH (Germany)
- Authentix, Inc.
- Avery Dennison Corporation (US)
- CCL Industries (US)
- Du Pont De Nemours and Company
- Impinj Inc. (US)
- Intelligent Label Solutions (UK)
- SATO Holdings (Japan)
- Savi Technology Inc.
- SICPA Holding SA (Switzerland)
- SML Group (Hong Kong)
- Systech International (US)
- Tracelink Inc. (US)
- TruTag Technologies, Inc. (US)
- Zebra Technologies Inc. (US)
Market Segmentation:
The anti-counterfeit packaging market is segmented on technologies and application. Based on technologies, the market is segmented into authentication packaging technology (ink and dyes, security inks, holograms, overt holograms, covert hologram, watermarks, physical paper watermark, digital watermark, taggants, detection taggants, identification taggants) and track and trace packaging technology (barcode technology ((bar code labels, paper barcode labels, aluminum barcode labels, polyester barcode labels and ceramic barcode labels)), and RFID technology (low-frequency RFID, Ultra-high frequency RFID, high-frequency RFID)).
On the basis of application, the market is categorized into food packaging (canned food packaging, convenience food packaging, baby food, packaged bakery products, confectionery, packaged dairy products, packaged meat products, packaged seafood) and pharmaceutical packaging (over-the-counter drugs, prescription based drugs).
Based On Technologies, The Pharmaceutical Packaging Segment Is Accounted As A Major Contributor To The Anti-Counterfeit Packaging Market
The pharmaceutical packaging category grabbed the highest revenue share, and it is anticipated that it will continue to maintain that position during the anticipated time. Under the label of the packaged good is where the RFID microchip is located. Utilizing tracking and authentication, RFID technology is utilized in the production process to secure and manage product movement. RFID technologies have been implemented due to the increased demand for technology in governmental and medical institutions to maintain structured records of goods and guard against counterfeiting. These elements are responsible for RFID's market domination.
The Pharmaceutical Packaging Segment Witnessed Growth At A Rapid Rate
The pharmaceutical packaging category is anticipated to grow significantly over the forecast period. Anti-counterfeiting is mostly used in the healthcare and pharmaceutical industries because using fake medications can result in drug recalls, legal action, harm to consumers' safety, and reduced brand loyalty. The obvious preventive action done to guarantee that medications in the supply chain are real is the adoption of anti-counterfeit technologies. The expansion of this market would be supported by the increased demand from the pharmaceutical industry for providing and offering genuine pharmaceuticals to consumers.
North America Anti-Counterfeit Packaging Market Hold A Significant Revenue Share In The Region
North America anti-counterfeit packaging market is expected to register the highest market share in revenue in the near future. This is mostly due to the large number of businesses that produce consumer goods, food, and medicine and have used anti-counterfeit packaging. With a projected $65.4 billion in revenue in 2023, the U.S. is predicted to dominate the North American anti-counterfeit packaging market.
In addition, the Asia Pacific is projected to grow rapidly in the global anti-counterfeit packaging market mainly because manufacturers are becoming more conscious of dishonest counterfeiting practices. The market is expected to grow due to the region's expanding population and rising disposable income, which are driving up demand for packaged foods in the area.
Anti-Counterfeit Packaging Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 157.26 Bn |
|
Revenue forecast in 2031 |
USD 455.77 Bn |
|
Growth rate CAGR |
CAGR of 14.53% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, Volume (Unit)and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Technologies And Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
3D AG (Switzerland), 3M Company (US), Advanced Track and Trace (France), AlpVision S.A. (Switzerland), Ampacet Corporation (US), Applied DNA Sciences Inc (US), Atlantic Zeiser GmBH (Germany), Authentix, Inc., Avery Dennison Corporation (US), CCL Industries (US), Du Pont De Nemours and Company, Impinj Inc. (US), and Intelligent Label Solutions |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
