DUBLIN–(BUSINESS WIRE)–The “Anti-counterfeit Packaging Market (Mass Encoding, RFID, Tamper Evidence, Hologram, Forensic Markers), End-use Industry ( Food & Beverage, Pharmaceuticals, Electrical & Electronics, Automotive, Luxury goods), and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global market for anti-counterfeit packaging is projected to grow from USD 117.2 billion in 2021 to reach USD 211.3 billion by 2026, at an estimated CAGR of 12.5%.
The anti-counterfeit packaging market is driven by factors such as rise in counterfeit products in the market, increasing brand awareness, cognizance amongst 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 and consumer health. The growing pharmaceutical & healthcare sector is projected to be the fastest-growing end-use Industry in the forecast period.
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. Further, recent incidences of counterfeit medicines being caught in both developed and emerging economies have pushed for demand for anti-counterfeit packaging solutions. Emerging markets, such as the Asia-Pacific region, also contributed to an increase in the application of anti-counterfeit packaging. High set-up costs is the major restraint for the anti-counterfeit packaging industry.
RFID technology of the technology segment projected to grow at the highest CAGR during the forecast period
The RFID technology from the technology segment is projected to grow at the highest rate between 2021 and 2026. The RFID technology reads and captures information stored on the tag attached to the product. RFID are used extensively 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 production through distribution and retailing.
In terms of both value and volume, the Asia Pacific anti-counterfeit packaging market is projected to grow at the highest CAGR during the forecast period.
In terms of value and volume, the Asia Pacific region is projected to grow at the highest CAGR from 2021 to 2026 due to the strong demand from countries such as China, India, and Japan. Factors, including an increase in the demand for authentic products, awareness amongst buyers regarding banes of counterfeit products, developments in packaging technologies, and increasing counterfeiting activities, are expected to drive the market for anti-counterfeit packaging market in the Asia Pacific region.
Market Dynamics
Drivers
- Laws & Regulations Enforced by Governments
- Increase in the Focus of Manufacturers on Brand Protection
- Track & Trace Technology to Maintain an Efficient Supply Chain
- Growth of the Parent Industry
Restraints
- Existence of Technologies That are Non-Deterrent to Counterfeiters
- Huge Setup Cost
Opportunities
- Growing Demand from Emerging Economies
- Remote Authentication of Products
- Surge in Sales of Pharmaceutical and Healthcare Products
Challenges
- Spreading Awareness Regarding Anti-Counterfeit Technologies for Brand Protection
- High R&D Investment
Companies Mentioned
- Avery Dennison Corporation
- Ccl Industries Inc.
- 3M Company
- Sato Holdings
- Dupont
- Zebra Technologies Corporation
- Intelligent Label Solutions
- Sml Group
- Sicpa Holding Sa.
- Systech International
- Applied Dna Sciences Inc.
- Alpvision S.A.
- Savi Technology, Inc.
- Authentix, Inc.
- Ampacet Corporation
- 3D Ag
- Tracelink Inc.
- Advanced Track & Trace
- Eluceda
- Impinj, Inc
- Trutag Technologies, Inc.
- Edgyn
- Microtag Temed Ltd.
- Agfa Graphics
For more information about this report visit https://www.researchandmarkets.com/r/bygnlr
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900