DUBLIN–(BUSINESS WIRE)–The “Anti-Counterfeit Packaging Technologies Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028” report has been added to ResearchAndMarkets.com’s offering.
Anti-counterfeit packaging technologies market is expected to reach $420.97 billion by 2028 with 12.8% CAGR during the forecast period from 2020 to 2028. In 2019, North America led the anti-counterfeit packaging technologies market. The Asia Pacific is estimated to be the fastest-growing region between 2020 and 2028.
Counterfeit is an issue related to product security. Counterfeit product trade is over a trillion-dollar market. Counterfeit products have a huge potential to cause economic damages to any region or country. Rapid globalization along with reducing financial and custom control and liberating economies are offering a huge opportunity to this market.
According to the World Customs Organization, the trade of counterfeit goods to generate a value of over $650 billion, annually. Strong international trade, lack of trade regulations, and globally weak supply chains are some factors posturing a constant challenge to customs authorities around the world. The custom authorities strive to achieve a trade-off between regulating and facilitating trade, which in turn leads to the inflow of counterfeited products in the world economy.
Food & Beverages industry propelling the growth of anti-counterfeit packaging technologies market
Currently, Food & Beverages is one of the leading end-use industries by value, accounted for over 35% in 2019, and expected to retain its prominence with the highest CAGR throughout the forecast period. Counterfeit in the food & beverages industry includes product faking, product substitution, product adulteration, product copy, unauthorized refill, etc. The anti-counterfeit packaging technologies market is projected to witness robust growth in the food and beverages sector during the forecast period owing to an incessant demand for packaged food & beverages.
Coding & Printing technology segment identified as the dominant type in 2019
Coding & Printing technology accounted for approximately 35% of the anti-counterfeit packaging market in 2019 and expected to maintain its dominance during the forecasted period. Coding and printing can be used as both the overt and covert approach, which gives an edge to this technology over other technologies. Factors such as low cost, easy application, easy recognition, and incorporation of covert technology with overt are expected to propel the technology growth during the forecast period from 2020 to 2028. The coding & printing technology market was followed by holograms and security labels in 2019.
Rise in manufacturing sector propelling the growth of anti-counterfeit packaging technologies in the Asia Pacific
Asia-Pacific is projected to witness the fastest growth registering a CAGR of 15.1% during the forecast period from 2020 to 2028. This growth can be attributed to high economic growth, heavy investments in automotive & industrial and food & beverages industries, and a rise in the manufacturing sector of this region. Further, increasing demand for quality products, rising population, and growing end-use industries have led to innovation and developments in these industries, making Asia-Pacific a strong end-use application hub, globally. Asia has a majority of counterfeit products and expected to grow tremendously in the near future as per OECD (Organization for Economic Co-operation and Development).
Key questions answered in this report
- Which are the expected largest type and end-use industry segments in the market during the forecast period from 2020 to 2028?
- Which are the expected fastest-growing segments in the market for the forecast period?
- What are the current market trends in the anti-counterfeit packaging technologies market and valuable opportunities for the players?
- How the regulatory framework affects the global as well as the regional markets?
- What different roles are played by the manufacturers, government, and other bodies to curb counterfeiting?
- What are the market size and trends in emerging and developed markets?
Key Topics Covered:
1. Preface
2. Executive Summary
3. Global Anti-counterfeit Packaging Technologies Market: Market Dynamics
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Future Prospects
3.3. Competitive Landscape: Market Positioning of Key Players, 2019
4. Global Anti-counterfeit Packaging Technologies Market Size (US$ Bn), by Type, 2018 -2028
5. Global Anti-counterfeit Packaging Technologies Market Size (US$ Bn), by End-use Industry, 2018 -2028
6. Global Anti-counterfeit Packaging Technologies Market Size (US$ Bn), by Geography, 2018 -2028
6.1. Overview
6.1.1. Market Share Analysis by Geography, 2019 vs. 2028
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Latin America (LATAM)
6.6. Middle East and Africa (MEA)
7. Profiles
7.1. Competitive Dashboard
7.2. 3M
7.3. Avery Dennison
7.4. Digimarc
7.5. Zebra Technologies Corp Inc.
7.6. Sicpa Holding SA
7.7. Alpvision SA
7.8. Applied DNA Sciences Inc.
7.9. Savi Technology, Inc.
7.10. Authentix, Inc.
7.11. E. I. du Pont de Nemours and Company
7.12. CCL Industries Inc
7.13. Other Notable Players
For more information about this report visit https://www.researchandmarkets.com/r/ot50x.