Anti-Counterfeiting Packaging Market Size, Share, Growth and Forecast Report
by Susan Hill Business ConsultantThe global anti-counterfeit packaging market is expected to
reach USD 184.87 billion by 2025, according to a new report by Grand View
Research, Inc. Increasing concerns pertaining to the losses incurred by goods
manufacturers through the sales of counterfeit products is expected to drive
the industry growth.
The industry is expected to be driven by the rising
consumer concerns regarding the harmful effects regarding the usage of
counterfeit products. High risk of health damage caused by the use of spurious
pharmaceutical products coupled with the growth of the counterfeit
pharmaceutical products are expected to emerge as the major factors responsible
for the growth
The industry exhibits the presence of a number of
manufacturers and technology providers, involved in strategies such as new
product development and capacity expansion to increase their overall presence.
In addition, the companies in the industry maintain high levels of secrecy with
respect to the product technology to ensure product security.
The global anti-counterfeit packaging market is
characterized by a number of regulations and laws, mandating the levels of
security to be ensured in various stages across the application industries. The
industry is characterized by increasing levels of product innovations to meet
the client requirements for the protection of goods across the supply chain.
Further key findings from the report suggest:
- Track and trace technology products are expected to grow at a CAGR
of over 9% by revenue, from 2016 to 2025 driven by the superior product
detection and tracking through the supply chain
- The use of holograms overt packaging is expected to be valued at
over USD 19 billion by 2025 due to high demand for the product by
application industries including consumer electronic & electrical
goods
- The demand for such packaging for food & beverage is expected to
grow at a CAGR of over 8% due to high demand for ensuring the security of
alcoholic beverages such as wine, whiskey, and premium scotch
- The industry in North America was estimated at over 33% of the
global market due to high demand by industries such as pharmaceutical,
food & beverage, and apparels by manufacturers located in the U.S. and
Canada
- The majority of the companies in the industry are integrated across the value chain from packaging technology to product distribution in order to ensure the secrecy of product technology. In addition, the companies are also involved in high investments in R&D for new product development
Access full research report on global anti-counterfeiting packaging market:
www.grandviewresearch.com/industry-analysis/anti-counterfeiting-packaging-market
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Created on Oct 17th 2019 00:45. Viewed 261 times.