Bizizz Market Research has recently published a research report, “Anti-Counterfeit Packaging Market By Technology Type (Barcodes, RFID (Radio-frequency Identification), Taggants, Packaging Designs, Holograms, and Others), Usage features (Overt Features and Covert Features), End-users (Food & Beverage, Healthcare & Pharmaceuticals, Clothing & Apparel, Electronics & Automotive, Cosmetics & Personal, Care Consumer, Durables and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Anti-Counterfeit Packaging Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 103.6 Bn by 2027, witnessing a CAGR of 10.8 % during the forecast period. Key drivers of the market are by an increasing contribution of the government policies and product protection is stimulating its market.
Increased government regulatory policies and laws in order to protect the product is a key factor that is stimulating the market demand for the Anti-Counterfeit Packaging. Increased demand for the Anti-Counterfeit Packaging from the advanced developed industries including healthcare, personal care, food and beverages, electronics along with the consumer durables is plunging its market growth. Moreover improved measures for anti-theft are considerably promoting its market growth.
The Anti-Counterfeit Packaging market is anticipated to register a CAGR of over 10.8% during the forecast period.
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By End-user, Pharmaceuticals & Healthcare segment held a key/prominent share in Global Anti-Counterfeit Packaging Market in 2018.
The rapid growth of the pharmaceuticals & healthcare industry and increased safety concerns among all age groups are the major factors for the fastest growth of the segment in years to come. Growing counterfeiting activities in the manufacturing of healthcare products and rising demand for product labeling & differentiation is anticipated to further drive the segment growth throughout the forecast period. To protect the pharmaceutical products from illicit crimes, the manufacturers are inclined towards anti-counterfeit packaging, which is expected to enhance the segment growth over the forecast period.
North America is Anticipated to Dominate the Global Anti-Counterfeit Packaging Market during the Forecast Period (Please do capitalize each word)
North America has the highest share in the market and contributed to nearly 38% of the global market share in the same year. Increased concentration on developing sustainable protection options is the major reason for the dominance of the region. A surge in consumer demand for transparency is one of the key reasons for the dominant position of North America. Rising demand for food, healthcare, electronics, and cosmetics product is another factor expected to drive regional growth.
Global Anti-Counterfeit Packaging market is moderately consolidated with key players accounting for significant share in 2018. The companies are competing in the market for the taping opportunities with innovative products offerings.
Prominent players operating in the Global Anti-Counterfeit Packaging Market are: CCL Industries Inc., DuPont, AlpVision S.A, Authentic, Inc., Applied DNA Sciences Inc., Savi Technology, Inc., Avery Dennison, 3M Company, and Zebra Technologies Corporation, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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