Anti-Counterfeiting Packaging Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forec
The global anti-counterfeit packaging market size is forecasted to value over USD 211 billion by 2026 end and grow at a CAGR of 7.2% during the forecast period, 2019 to 2026. With the rise in duplication and artificial products, the need for anti-counterfeiting packaging is vital in todayu2019s world. Global anti-counterfeiting packaging market tends to make distinct packaging for different products of different industries. The need arises in certain industries such as the food and beverages industry and the medicine and pharmaceutical industry as well as the electronics industry. These industries have similar products and thus in order to differentiate them, anti-counterfeiting packaging plays a big role. With an increase in awareness among consumeru2019s about duplicates and their harmful effects, the packaging ensures security and quality of the product. This thus fuels the growth of the market. With the aid of technology, more industries are being catered to and thus expanding the reach of this market globally. Manufacturers are using anti-counterfeit technologies to ensure secure and unique packaging of their products to minimise losses or reduction in consumer base due to forgery. New developments in this industry are the introduction of regulations to keep things in order and promote this market expanding trade furthermore. The Anti-Counterfeiting Trade Agreement by the United States and the specific labelling and serialization measures are taken by the EU Commission is expected to push the marketu2019s profits, especially in the developed nations, during the forecast period. Developing nations such as China, India, South Korea, Brazil, and Turkey have introduced regulations in order to toughen the security of the supply chain, especially in the pharmaceuticals industry. Silicon dioxide based tags are being used as it is accepted by the US Food and Drug Administration as one of the u2018Generally Recognized as Safe (GRAS) substances which is fit for human consumption. Since the manufacturers and producers have to maintain secrecy about the products and their packaging to ensure security, thus creating more need for this market. Request a Sample Report @ https://www.futurewiseresearch.com/request-sample.aspx?id=38&page=requestsample Global Anti-Counterfeiting Packaging Market: Segmentation By Technology Type: Tags RFID Barcode Holograms Others During the forecast period, the RFID segment is projected to grow at the highest CAGR. In terms of value, this segment garnered the second-largest market share in 2017 and thus is expected to have the highest growth. This growth can be attributed to its versatile usage in almost every industry. The barcode sector constituted the highest share and is expected to have a high growth rate during the forecast period. By End User: Food & Beverage Pharmaceutical Medical Devices Consumer Electronics Automotive FMCG Others The pharmaceutical segment is projected to experience the fastest growth during the forecast period. This is due to the growing concern of health safety and counterfeits. Increasing demand for distinct labelled products is supposed to drive the market. By Region: Europe North America APAC Latin America Rest of the World In 2018, North America had the highest market share in the global anti-counterfeit packaging market. This was followed by Europe and the Asia Pacific. However, although the anti-counterfeit packaging market in developed countries is expanding, the markets in China and India are projected to grow at a higher rate. The Asia Pacific region is expected to witness the highest growth rate. Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=38&page=askfordiscount Competitive Landscape: Tier 1 players- Established companies in the market with a major market share Tier 2 players- Emerging players which are growing rapidly New Entrants High initial capital investments have had an unfavourable impact on the profitability of this industry. The global market is run by firms such as Avery Dennison Corporation (US), CCL Industries Inc. (Canada), 3M Company (US), DuPont (US), AlpVision S.A (Switzerland), Zebra Technologies Corporation (US), SICPA Holding SA (Switzerland), Applied DNA Sciences Inc. (US), SAVI Technology, Inc. (US), and Authentix, Inc. (US). These major market shareholders have adopted various strategies such as introduction of new products, acquisitions, agreements & partnerships, and expansions to expand business and opportunities. FutureWise Takeaways Growth prospects SWOT analysis Key trends Key data points affecting market growth Objectives of the Study: To provide with an exhaustive analysis on the global anti-counterfeiting packaging market by technology type, by the end user industry, and region To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) To evaluate and forecast micro-markets and the overall market To predict the market size, in key regions (along with countries)u2014North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions Profiling of companies to evaluate their market shares, strategies, financials, and core competencies Inquire further details about this report at: sales@futurewiseresearch.com About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry u2013 a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: sales@futurewiseresearch.com Phone: 44 141 628 9353 / 1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
37 views • 3 slides
