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Global Anti-Counterfeit Pharmaceutical Packaging Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2018-2024
The Anti-Counterfeit Pharmaceutical Packaging Market’s segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR’s report also covers drivers and restraints in the anti-counterfeit pharmaceutical packaging market.Infinium Global Research’s report covers the annual growth of the global anti-counterfeit pharmaceutical packaging market. It also includes chapters on the global anti-counterfeit pharmaceutical packaging industry trends, geographic analysis, and competitive landscape.
The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
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Anti-Counterfeit Pharmaceutical Packaging Market: Industry Insights
Anti-counterfeit packaging is a process of assigning secure packaging to the products in order to minimize infringement or counterfeiting. This secure packaging process checks the safety of goods and prevents imitation. Anti-counterfeit packaging is especially used to prevent brand imitation and ease for consumers to differentiate between real products and counterfeit products.
Anti-Counterfeit Pharmaceutical Packaging Market: Drivers and Restraints
As per the United States Food and Drug admiration, it is estimated that counterfeits make up more than 10% of the global medicines market. Increasing occurrences of counterfeiting in the pharmaceutical industry across the globe are subsequently increasing the demand for the anti-counterfeit pharmaceuticals packaging market. Moreover, favourable government policies in pharmaceutical packaging is another major factor responsible for the growth of the market. However, lack of awareness about authenticating pharmaceutical products among the consumers is hampering the growth of the market. Innovation in anti-counterfeit packaging technology is expected to create lucrative growth opportunities for the anti-counterfeit pharmaceutical packaging market over the forecast period.
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Anti-Counterfeit Pharmaceutical Packaging Market: Segmentation
Based on technology anti-counterfeit pharmaceutical packaging market is segmented into holograms, security printing and graphics, security ink coatings, RFID and mass encoding. RFID segment is anticipated to contribute for maximum revenue over the forecast period. With the help of RFID (radio frequency identification) technology, the duplication of original material can be prevented. Moreover, RFID technology is opted by many key industries as it reduces manual costs and improves visibility resulting in the demand for RFID market is increasing.
Anti-Counterfeit Pharmaceutical Packaging Market: Regional Insights
Among the region, North America is expected to hold maximum share in anti-counterfeit pharmaceuticals packaging market followed by Europe. The countries in these regions have strict government policies about counterfeit manufacturing and sales. Moreover, growing awareness among the end- users is also driving the growth of the market in the North America region. The market in the Asia Pacific region is expected to grow as substantial rate during the forecast period. Due to manufacturers and sales about infringement of pharma-products.
Anti-Counterfeit Pharmaceutical Packaging Market: Competitive Analysis
The global Anti-counterfeit Pharmaceutical Packaging is highly competitive. The key players profiled in this report are DNA Sciences Inc., SICPA HOLDING SA., AlpVision, DuPont, AVERY DENNISON CORPORATION, ZIH Corp., AZ Coesia GmbH, CCL Industries Inc., and Amcor Limited. Acquisitions & mergers and agreement are the key parameters to remain competitive and to gain greater market share. For instance, in March 2018, Verify Me signed a technology-licensing agreement with intelligent packaging solutions provider eagile. eAgile is a world-class provider and innovator of IoT Solutions including RFID labels, tags, and intelligent packaging solutions. Under the terms of the agreement, eAgile will be able to offer its clients VerifyMe enabled HP Indigo Security ElectroInk (marketed as RainbowSecure).
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Reasons to Buy this Report:
• Comprehensive analysis of global as well as regional markets of the Anti-Counterfeit Pharmaceutical Packaging.
• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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