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Furthermore, the market is observed to witness extensive growth due to increasing concerns among consumers for dangerous effects regarding the utilization of counterfeit products. Moreover, increasing momentum for counterfeit pharmaceutical products along with huge risk for health due to the adoption of unauthentic pharmaceutical products is expected to accentuate the growth of anti-counterfeit packaging market across the globe.<br><br>Based on technology, the anti-counterfeit packaging market is divided into covert, overt, forensic, and track and trace. Of all, the track and trace category
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Global Anti-Counterfeit Packaging Market Furthermore, the market is observed to witness extensive growth due to increasing concerns among the consumers for dangerous effects regarding the utilization of counterfeit products. Moreover, increasing momentum for the counterfeit pharmaceutical products along with huge risk for health due to the adoption of unauthentic pharmaceutical products is expected to accentuate the growth of anti-counterfeit packaging market across the globe. Based on technology, the anti-counterfeit packaging market is divided into covert, overt, forensic, and track and trace. Of all, the track and trace category have been contributing largest revenue throughout the forecast period. This technology is used for locating the package at any point of time at the time of delivery process of a product and further adds significant value to that product.
Global Anti-Counterfeit Packaging Market The implementation of these technologies involves high cost and increasing concerns of the manufacturers pertaining to security structures of these packaging technology is expected to hamper the growth of the global anti-counterfeit packaging market. Globally industry players are leveraging market growth through research and development for technological upgradation in products, mergers and acquisitions in order to improve revenue of company. Additionally, key players in this market undertake collaborations and joint ventures to develop effective business strategies.
Global Anti-Counterfeit Packaging Market North American anti-counterfeit packaging market hold the largest share in the global anti-counterfeit packaging market, contributing more than 40.0% share by 2024 and is expected to witness a CAGR of 11.1% during the forecast period 2019–2024. The largest share of this market in the region is attributed towards the existence of large market players. Atlantic Zeiser GmbH, Amcor Limited, Authentix Inc., Applied DNA Sciences Inc., CCL Industries Inc., Avery Dennison Corporation, Sicpa Holding SA, Zebra Technologies Corporation, Inksure Technologies Inc., Flint Group, TraceLink Inc., and AlpVision SA.
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