Market Research Report
Anti-Counterfeit Packaging Market by Technology (RFID, Barcode, Hologram, Taggants), Usage Feature (Overt & Covert), End-Use Industry (Food & Beverage, Healthcare, Electronics & Automotive, Consumer Durables) and Region - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||147598|
|Published||Content info||188 Pages
Delivery time: 1-2 business days
|Anti-Counterfeit Packaging Market by Technology (RFID, Barcode, Hologram, Taggants), Usage Feature (Overt & Covert), End-Use Industry (Food & Beverage, Healthcare, Electronics & Automotive, Consumer Durables) and Region - Global Forecast to 2023|
|Published: December 13, 2018||Content info: 188 Pages||
“Growing demand from the pharmaceuticals & healthcare industry to drive the market for anti-counterfeit packaging”
The global market for anti-counterfeit packaging is projected to grow from USD 105.9 billion in 2018 to reach USD 182.2 billion by 2023, at a CAGR of 11.5%. The anti-counterfeit packaging market is driven by factors such as rise in counterfeit products in the market, increasing brand awareness, awareness among buyers about product information, the growing e-commerce industry, developments in printing technologies, and concerns regarding the impact of counterfeit packaging on the brand image of products. The growing pharmaceutical & healthcare sector is projected to be the fastest-growing end-use industry in the next five years. Due to stringent laws & regulations enacted by the government and increasing importance given to package security by manufacturers, the demand for anti-counterfeit packaging technologies is projected to grow in this sector. Emerging markets, such as the Asia Pacific region, have contributed to an increase in the application of anti-counterfeit packaging in packaging products. The high set-up costs is the major restraint for the anti-counterfeit packaging industry.
The RFID technology is projected to grow at the highest rate between 2018 and 2023. The RFID technology reads and captures information stored on the tag attached to the product. RFID technologies are extensively used in the packaging industry as they include tags, readers, and software services. By using tags and readers, products can be traced in seconds; this helps improve and track the supply chain process from the production units through distribution and retailing.
The Asia Pacific region is projected to be the fastest-growing market during the forecast period, followed by North America. In the Asia Pacific, China is projected to be the largest consumer for anti-counterfeit packaging, followed by Japan. China, with its growing food & beverage and pharmaceutical & healthcare industries, is projected to drive the anti-counterfeit packaging market. The growing inclination toward convenient products is projected to impact the anti-counterfeit packaging market in Japan.
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of anti-counterfeit packaging. The distribution of primary interviews is as follows:
The various suppliers of anti-counterfeit packaging and related products in the report are as follows:
The report defines, segments, and projects the anti-counterfeit packaging market size on the basis of technology, usage feature, end-user industry, and region. The study analyzes competitive developments such as partnerships, agreements, contracts, collaboration, and joint ventures, acquisitions, expansions & investments, and new product launches/technological advancements activities in the anti-counterfeit packaging market.
This report will help the market leaders/new entrants in this market in the following ways:
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.