Anti-Counterfeiting Packaging Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Anti-Counterfeiting Packaging Market grew at a CAGR of 5.1% between 2017-2021 and is estimated to be US$ 1,36,525.1 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 48,612.81 Mn by 2032 end.
Protecting goods and products from being tampered with, copied, and duplicated at lower quality is known as anti-counterfeiting. Counterfeiting is known as the illegal production and marketing of goods, including their bearing and packaging, without the owner’s permission. Many anti-counterfeiting packaging systems have been adopted to keep the items from being copied and to give consumers authentic, original products.
Numerous technologies, including barcodes, holograms, and RFIDs, have found use in anti-counterfeiting measures. The market for anti-counterfeiting packaging is anticipated to increase due to escalating governmental restrictions and rising customer desire for unique products.
INCREASING FOCUS ON BRAND PROTECTION BY MANUFACTURERS TO FUEL MARKET DEMAND
Adding brand protection technology to the product’s packaging and labeling prevents losses resulting from tampering and diversion. The packaging, labeling, guarantees, certificates of warranty, and ownership documents are also fake, giving the object the appearance of being a legitimate item.
Barcodes, RFIDs, and holograms are a few authentication and brand protection technologies incorporated into the label and packaging’s original design. During the projection period, it is predicted that the market will grow rapidly due to the use of these anti-counterfeit technologies to offer an efficient solution.
THE HIGH COST OF PRODUCTION AND INVESTMENT IS LIMITING THE ADOPTION OF ANTI-COUNTERFEITING PACKAGING TECHNOLOGIES
Governmental regularisation has forced most businesses to adopt various anti-counterfeiting techniques because counterfeiting is primarily motivated by the desire for inexpensive goods, stoking the market demand for counterfeit goods.
Due to the expensive expense of producing new packaging technologies, many firms now engage in traditional counterfeiting practices. Additionally, investors frequently oppose the development of new technologies because they could result in a bigger loss for the business. These are a few of the main things preventing the market from expanding.
KEY MANUFACTURING SECTORS PROVIDE AN EXCELLENT BREEDING GROUND FOR THE PACKAGING COMPANIES TO EXPAND THEIR OPERATIONS
In growing nations, key industrial industries, including pharmaceuticals, food and beverage manufacturing, apparel and clothing manufacturing, and agriculture, are all experiencing rapid growth. This presents a great opportunity for packaging companies to expand their businesses.
Additionally, the covid pandemic saw a significant increase in the sales of pharmaceuticals and personal care items in these countries, which is anticipated to further fuel the demand for anti-counterfeit packaging in the coming years.
Market Segments Covered in Report
By Track & Trace Packaging Technology:
By Region and Country:
Why are holograms projected to ensure the most revenue during the forecast period?
A hologram is a laser light recording technique that enables recording a two- or three-dimensional image as a micro-relief diffraction pattern on a flat surface. In addition to blister packaging aluminum foil, holographic shrink sleeves, polyester-based tamper-evident labels, holographic induction cap seals, and holographic hot stamping foil, holograms are widely accessible in a variety of forms.
The market will rise during the forecast period due to using holograms in packaging to create anti-counterfeiting measures.
Why is the food & beverages segment expected to expand the fastest during the forecast period?
The food and beverage category is anticipated to grow favorably during the anticipated period. The main causes of the growth in demand for packaged food, which makes it vulnerable to counterfeiting, are changing lifestyles and expanding economies.
This causes the dissemination of falsely labeled, potentially dangerous food products to people. Food safety and product expiration are protected by various anti-counterfeiting technologies, including barcodes, labeling, and RFIDs. Therefore, it is anticipated that the segment will increase rapidly during the projection period due to high packaged food demand.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The competitive landscape of this market shows CCL Industries Inc. as the sole dominant force. One significant aspect of the company’s success can be attributed to its diverse product line of packaging methods and ongoing advancements to combat counterfeiting.
Some of the key developments that have taken place in the Anti-Counterfeiting Packaging Market include:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Technologies, Track & Trace Packaging Technology, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.5%.
Increasing focus on brand protection by manufacturers to fuel market demand.
Major global Anti-Counterfeiting Packaging Market players are CCL Industries Inc., 3M Company, Zebra Technologies Corporation, SML Group, SICPA HOLDING SA., Avery Dennison Corporation, AlpVision., Authentix., BrandWatch Technologies, Impinj, Inc., MicroTag Temed Ltd.
The high production and investment cost limits the adoption of anti-counterfeiting packaging technologies.
Europe is expected to account for the largest market revenue share in the Global Anti-Counterfeiting Packaging market.
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