Market Research Report
Global Anti Counterfeit Packaging Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||603552|
|Published||Content info||190 Pages
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|Global Anti Counterfeit Packaging Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023|
|Published: January 15, 2018||Content info: 190 Pages||
Anti-Counterfeit packaging confirms safety of the product by providing secured packaging. Global anti-counterfeit packaging market is expected to have a CAGR of about 13.8% during forecast period 2016-2023. Technological advancements in packaging as well as rising demand for secured packaging from end users promote market growth during forecast period. However, high cost involved in implementing anti-counterfeiting packaging and apprehension among the manufacturers about the security features of anti-counterfeiting packaging are the factors that restrain the growth of global anti-counterfeit packaging market during forecast period.
Geographically, North America is expected to dominate anti counterfeit packaging market during forecast period due to presence of major market players in this region. However, Asia Pacific is expected to be the fastest growing region during forecast period. The fastest growth rate in the region is witnessed due to evolving pharmaceuticals & healthcare and food & beverage industries which is likely to promote market growth in Asia Pacific. China is majorly responsible for the fastest growth rate of Asia Pacific during the forecast period.
Growth in the global anti-counterfeit packaging market is also influenced by the presence of major market players such as Alpvision SA (Switzerland), Ampacet Corporation (U.S.), Applied DNA Sciences Inc. (U.S.), Alien Technology Corporation (U.S.), CCL Industries Inc. (Canada), etc. To gain competitive advantage, major market players adopt strategies such as mergers & acquisitions, partnership, collaboration, product launch, joint ventures, etc.
Global anti-counterfeit packaging market report covers segmentation analysis by technology, usage feature and end user. Report covers segments by technology which includes, coding & printing technology, hologram, packaging design, Radio Frequency Identification (RFID), security labels and other technology. RFID technology majorly contributes to the market growth due to its increasing usage across end users. Usage feature of anti-counterfeit packaging include covert feature, forensic, overt feature, tamper evidence and track & trace. Track and trace is expected to dominate the market during forecast period due to its ability to locate a package at any point or location during the process of delivery. Furthermore, end users market segment includes consumer durables, clothing & apparel, food & beverage, industrial & automotive, pharmaceuticals & healthcare and other end users market. Food & beverages end user segment is expected to have the fastest growth rate during forecast period due to rising demand for packaged and branded products.