Pharmaceuticals Leading the Charge: The Fastest-Growing Segment in Anti-Counterfeit Packaging Market | Top Key Players Analysis
The anti-counterfeit packaging industry refers to the production of packaging materials that are designed to prevent the counterfeiting and imitation of products. These #packaging solutions are used by various industries, including #foodandbeverage, #pharmaceuticals, #cosmetics, and #electronics, to protect their products from being tampered with, duplicated, or misrepresented.
The scope of the anti-counterfeit packaging industry is expected to expand significantly by 2023 due to the increasing prevalence of counterfeit products and the need for enhanced security measures. According to a report by MarketsandMarkets, the global?anti-counterfeit packaging market size?is projected to grow from USD 117.2 billion in 2021 to USD 211.3 billion by 2026, at a CAGR of 12.5% from 2021 to 2026.
Browse?151 market data Tables and?31 Figures spread through?210 Pages and in-depth TOC on?"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"
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The growth of the industry is driven by factors such as the rise in demand for product authentication and traceability, stringent government regulations, and the need to protect brand reputation. Additionally, advancements in technology such as smart packaging solutions, such as radio-frequency identification (RFID) and near-field communication (NFC), are expected to further drive the growth of the anti-counterfeit packaging industry.
Anti-counterfeit Packaging Market Key Players?
The anti-counterfeit packaging market has been dominated by large players, such as the 艾利丹尼森 Corporation (US), CCL Industries Inc. (Canada), 3M 公司 Company (US), 杜邦 (US), and Zebra Technologies Corporation (US). The other players in the market are SICPA HOLDING SA (Switzerland), AlpVision S.A (Switzerland), Applied DNA Sciences Inc. (US), Savi Technology , Inc. (US), and Authentix , Inc. (US). These players have adopted various growth strategies, including expansions, investments, new product developments, and acquisitions, to increase their market shares and enhance their product portfolios.
Avery Dennison Corporation (US)?held the leading position in the global anti-counterfeit packaging market in 2020. The company has maintained its leadership position through its strong distribution network cross Asia Pacific, Europe, the Americas, and emerging markets. Avery Dennison Corporation is among the leading manufacturers of packaging products for many of the end-use industries it serves. It has adopted new product launches as its key strategy to capture the market. In October 2021, Avery Dennison announced addition of a topcoat for label films in order to expand its Fasson Roll pressure-sensitive labels’ durability and printability. This initiative is expected to significantly expand the shelf appeal and communication efficiency of the Fasson-brand paper and film label materials.
CCL Industries Inc. (Canada)?is a global provider of innovative and sustainable packaging solutions for a better, safer, and healthier lifestyle. The company innovates and offers anti-counterfeit packaging solutions for various applications. CCL Industries adopted acquisitions to gain a competitive advantage in the market. In March 2020, CCL Industries Inc. acquired Flexpol Sp. Z.o.o. (Flexpol), which currently trades as Innovia Poland. This acquisition is expected to enhance the existing capabilities of the company to serve the label industry in the European region. It helped CCL Industries to expand its geographical reach, for seizing new projects, strengthen its product & service portfolio, and cater to the untapped markets.
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"In terms of value, pharmaceutical segment is estimated to be the fastest-growing segment"
The pharmaceutical segment is estimated to be the fastest-growing segment in the anti-counterfeit packaging market in terms of value. This is due to the increasing prevalence of counterfeit drugs and the need to protect public health.
Counterfeit drugs pose a significant threat to public health as they may contain harmful ingredients, incorrect dosages, or may not contain any active ingredients at all. The use of anti-counterfeit packaging solutions such as holograms, tamper-evident labels, and track and trace technologies can help to ensure the authenticity of pharmaceutical products and prevent counterfeiting.
Furthermore, regulatory bodies such as the FDA and the European Medicines Agency (EMA) have implemented strict regulations regarding the packaging and labeling of pharmaceutical products to prevent counterfeiting. This has further increased the demand for anti-counterfeit packaging solutions in the pharmaceutical industry.
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"Asia Pacific is projected to be the fastest-growing region in the anti-counterfeit packaging market"
Asia Pacific is projected to be the fastest-growing region in the anti-counterfeit packaging market due to the increasing demand for anti-counterfeit packaging solutions in various industries such as food and beverage, healthcare, and consumer goods.
The region is home to some of the fastest-growing economies in the world, such as China, India, and Indonesia, which are experiencing rapid urbanization and a rise in disposable incomes. This has led to an increase in demand for branded and high-quality products, which has, in turn, fueled the demand for anti-counterfeit packaging solutions to protect these products from counterfeiting and imitation. Additionally, governments in the region are implementing strict regulations to prevent the counterfeiting of products, particularly in the pharmaceutical and food and beverage industries.
The report states that factors such as the growing population, increasing disposable income, and rising awareness about counterfeit products are driving the growth of the market in the region.