Overview
Safe packaging is among the most crucial techniques followed for avoiding cheating. Anti-counterfeit packaging ensures safe packaging for the products to ensure no infringement occurs. The process of anti-counterfeit is effective in terms of avoiding threats of imitation and acknowledges the authenticity, and ensuring greater safety of the products. The measures of anti-counterfeit are primarily handled by the companies to lower the losses incurred due to counterfeit. It thus encourages the generation of greater revenue and also encourages reliability.
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Growing rate of adoption among the manufacturers is the prime reason behind the significant expansion of the international anti-counterfeit packaging market. The concerns of lowering economic losses are among the major factors contributing to the adoption of the anti-counterfeit market. Greater concerns among the manufactures towards the health-related aspects are also one of the reasons contributing immensely towards the greater prospects of global anti-counterfeit market. Technological advancement is projected to make the market even more promising in forthcoming years.
Increasing expenses upon development of technologies for tracking products contributes towards the growth of the global anti-counterfeit market. At the same time, favorable policies set by the government are also one of the prime reasons behind the encouraging market prospects of global anti-counterfeit market. Growing demand from beverage and food processing industries to avoid duplicity widens the scope of the anti-counterfeit market. To be specific, the investment from government sectors from the developed nations is one of the prime reasons contributing to the growth of this market.
Segmentation
Global anti-counterfeit packaging market can be segmented on technology, usage feature, end-users, and region. Based on technology, the market is segmented further into a barcode, labels, RFID, holograms, and others. RFID segment is projected to remain the most dominant in the anti-counterfeit packaging market during the review period of 2023. Based on usage features, the market can be segmented into track & trace, tamper evidence, overt, covert, and forensic markers. Based on end-users, the market is segmented into healthcare, food & beverages, summer goods, apparel, automotive, etc. Among these, the Healthcare domain is expected to be most prominent.
Global Anti-Counterfeit Packaging Market
Geographically, global anti-counterfeit packaging market can be segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is forecasted to be the most dominant of all anti-counterfeit markets due to growing counterfeit practices. North America and Europe are projected to remain equally steady during the forecast period due to the growing focus on developing practicable anti-counterfeit packaging options. United States is forecasted as the most dominant market of all in this segment. UK and Germany are the major contributors to UK domain. Middle East and Africa are projected as the dominant markets in rest of the world.
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Industry news
According to latest reports, the global anti-Counterfeit packaging market is projected to grow at a significant CAGR of around 12% during the review period. Among these, the market is expected to remain the most significant in North American domain led mainly by the United States and Canada, mainly with greater government scope.
Read more related insights:
https://www.globenewswire.com/en/news-release/2021/06/24/2252779/0/en/Anti-Counterfeit-Packaging-Market-to-reach-USD-237-81-billion-by-2027-Report-by-Market-Research-Future-MRFR.html https://www.aggregateresearch.com/qanda/question/anti-counterfeit-packaging-market-2021-global-industry-analysis-by-size-share-growth-factors-competitive-landscape-with-regional-forecast-to-2027 https://www.yumpu.com/en/document/view/59981467/anti-counterfeit-packaging-market-research-report-forecast-to-2023 https://www.docdroid.net/kqvQit1/anti-counterfeit-packaging-market-share-pdf https://www.yumpu.com/en/document/view/60016638/anti-counterfeit-packaging-market-research-report-forecast-to-2023 https://www.tradove.com/blog/AntiCounterfeit-Packaging-Market-Size-Key-Drivers-Share-Trends-Growth-and-Analysis-Forecast-To-2023.html
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