Global Anti-Counterfeit Packaging Market Expected Grow at A CAGR of 8.4% 2019-2026
The global
anti-counterfeit packaging market was valued at USD 106.87 Bn in 2018
and is expected to reach USD 204.76 Bn in 2026, growing at a CAGR of
8.4% during the forecast period.
Anti-counterfeit
packaging is basically a process in which secure packaging is assigned to the
product to minimize infringement. Prevention of imitation is one of the
benefits offered by anti-counterfeiting packaging. The growth of the
anti-counterfeit packaging market is primarily driven by the growth in the
manufacturing industry. The anti-counterfeit packaging is witnessing elevated
demand from the healthcare industry, owing to the growing concern of health
safety increasing counterfeiting activities in the healthcare products
manufacturing.
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The RFID segment
expected to dominate the market throughout the forecast period Based on the
product, the global anti-counterfeit packaging market has been segmented into
RFID and Barcode. The RFID of anti-counterfeit packaging accounted for
approximately 52% of the share in the global anti-counterfeit packaging market
in 2018. While barcode accounted highest CAGR of around 11 % in the global
anti-counterfeit packaging market during the forecast period. Barcode is widely
adopted for its cost-effectiveness. These benefits are expected to enhance the
demand and sales for the barcode segment across the developed and developing
countries in the global market.
Based on feature, the
overt segment is expected to grow at a CAGR of around 10% throughout the
forecast period Based on the feature, the market has been segmented into overt
and covert. The overt feature segment accounts of the largest share in the
market and are expected to grow at a CAGR of around 10% during the forecast
period. Based on end-use industry, the food & beverage segment is expected
to dominate during the forecast period Based on end-use industry, the market
has been segmented into food & beverage and healthcare among others.
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The food & beverage
segment accounts of the largest share in the market and held for more than 35%
of the total market in 2018. The major factors that are driving the growth of
this segment are the rising demand for product standardization in the food and
beverage industry across developing countries such as India, China, and Indonesia.
Asia-Pacific to dominate the anti-counterfeit packaging market throughout the
forecast period Asia-Pacific accounted for nearly 38% share of the global
anti-counterfeit packaging market in 2018 and is expected to dominate the
market throughout the forecast period.
The rapid growth in the
food & beverage sector in emerging economies such as China and India are
one of the major driving factors for the region in the global market. North
America is expected to hold the highest CAGR in the global market during the
forecast period.
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The manufacturers are
investing in North American countries to meet the demand for the healthcare
sector. Company Profiles and Competitive Intelligence: The major players
operating in the global anti-counterfeit packaging market are Avery Dennison
(US), CCL Industries Inc. (Canada), 3M Company (US), DuPont (US), Zebra
Technologies Corporation (US), SICPA Holding SA (Switzerland), AlpVision S.A
(Switzerland), Applied DNA Sciences Inc. (US), S Savi Technology, Inc. (US),
and Authentix, Inc. (US) among others.
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