Global Anti-Counterfeit Packaging Market by Technology, End-user and Region - Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 8, 2019--The “Global Anti-Counterfeit Packaging Market - Segmented by Technology, End User, and Region - Growth, Trends, and Forecast (2019-2024)” report has been added to ResearchAndMarkets.com’s offering.
The Anti-Counterfeit Packaging Market was valued at USD 121.98 billion in 2017, and is expected to reach a market value of USD 264.09 billion by 2023, registering a CAGR of 13.74% during the forecast period (2018-2023).
The report discusses various technological aspects of this market, such as holograms and RFID. Regions considered for the scope of this report are North America, Europe, and others. The study also emphasizes the impact of government regulations and enforcements to curb counterfeiting on the demand.
Anti-counterfeiting packaging is incorporated to prevent imitation, and confirms the safety of the goods. These measurements are taken by companies to help them minimize losses due to counterfeiting, in-terms of revenue and loyalty. The counterfeiting industry is flourishing, and it is not just the consumer goods market that is affected. There has been an increase in the counterfeit prescription drugs, car parts, and technologies, such as cell phone batteries, flooding the market, in the recent years.
Despite government enforcements and policies, counterfeiting of products is still continuing. According to estimates from OECD, the cross-border counterfeit market accounted for just under USD 1 trillion in 2016. Thus, the demand for anti-counterfeit packaging market is expected to be driven by the enactment of stringent laws to eliminate the production of spurious products.
Increasing Focus of Companies on Brand Protection
One of the most evident aspects of enterprise brand protection is the relentless battle against the counterfeiters. The proliferation of counterfeiting demands brand owners and packaging/printing partners to, together, create a multi-layered protection plan, to ensure that the packaging and labels protect their brands and deter those trying to profit at their expense.
Products related to food, pharmaceutical, and other retail products are experiencing loss due to counterfeiting, in terms of revenue and intangible assets. Moreover, a change in the brand recall packaging method can create difficulties in identifying the original product, and it can help counterfeiters to create more fake products. Thus, the increasing efforts by manufacturers to drive down the losses incurred due to counterfeit products is expected to drive the anti-counterfeit packaging market.
Increasing Demand from the Pharmaceutical Sector to Drive the Anti Counterfeit Packaging Market
Regulations are stringent, and quality is crucial within the pharmaceutical sector. The legislation is constantly evolving as breakthroughs in research are made, and new technology becomes available. Moreover, packaging has to reflect, support, and communicate these changes. Driven by concerns regarding negative effects of spurious drugs, anti-counterfeit packaging for pharmaceutical products is expected to emerge as one of the fastest growing segment.
Moreover, the lack of awareness for authentical pharmaceutical products among the consumers further boosts the counterfeiting process. This further is expected to drive the demand for anti-counterfeiting solutions. Additionally, the online trade of drugs and black market sales further poses a significant barrier against combating counterfeiting. Also, national borders do not limit the circulation of fake and harmful products.
Increasing Demand from Asia-Pacific to Drive the Anti Counterfeit Packaging Market
Asia-Pacific is considered as a hub for the manufacturing of counterfeit products. According to INTA, the global trend in counterfeiting and piracy is forecast to increase during 2018-2022, with China at the heart of the production of fake goods, from clothes to electronics, risky counterfeit medicines, and cosmetics. Moreover, the UNODC and the World Customs Organization estimate 75% of counterfeit products seized globally in 2010 were manufactured in East Asia, majorly in China.
The region is expected to witness the fastest growth rate due to the evolving pharmaceuticals, healthcare, and food & beverage industries, which are likely to promote the demand for anti-counterfeit packaging solutions. Also, increasing government regulations emphasizing more on eliminating counterfeit products in countries, such as China, is expected to drive the market.
- Alien Technology LLC.
- Avery Dennison Corp.
- Angstrom Technologies Inc.
- CCL Industries Inc.
- Sicpa Holding S.A.
- Advanced Track & Trace
- TruTag Technologies Inc.
- Spectra Systems Corporation
- Atlantic Zeiser GmbH
- Nosco Inc.
Key Topics Covered
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Anti Counterfeit Packaging Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Anti Counterfeit Packaging Market
4.2.1 Increasing Focus of Companies on Brand Protection
4.2.2 Government Regulations and Enforcements to Curb Counterfeiting
4.3 Factors Restraining the Anti Counterfeit Packaging Market
4.3.1 High Set-up Costs
4.4 Industry Attractiveness - Porter’s Five Industry Forces Analysis
4.5 Industry Value Chain Analysis
5. Global Anti Counterfeit Packaging Market - Segmentation
5.1 Anti Counterfeit Packaging Market By Technology
5.1.2 Coding and Prinitng
5.2 Anti Counterfeit Packaging Market By End User
5.2.1 Food & Beverage
5.2.4 Consumer Electronics
5.2.5 Clothing and Apparel
5.3 Anti Counterfeit Packaging Market By Region
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East & Africa
6. Anti Counterfeit Packaging Market Competitive Intelligence - Company Profiles
6.1 Alien Technology LLC
6.3 Avery Dennison Corp.
6.4 Angstrom Technologies Inc.
6.5 CCL Industries Inc.
6.6 Sicpa Holding S.A.
6.9 Advanced Track & Trace
6.10 TruTag Technologies Inc.
6.11 Spectra Systems Corporation
6.13 Atlantic Zeiser GmbH
6.14 Nosco Inc.
List is Not Exhaustive
7. Anti Counterfeit Packaging Market Investment Analysis
8. Outlook of the Anti Counterfeit Packaging Market
For more information about this report visit https://www.researchandmarkets.com/research/nplkrn/global?w=4
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
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PUB: 04/08/2019 06:22 AM/DISC: 04/08/2019 06:22 AM