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Anti-counterfeit packaging Market to $ 284.9 billion by 2030: Players Alien Technology Corp, Avery Dennison Corporation
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Anti-Counterfeit Packaging Market Size by Technology (Tamper Evidence, Mass Encoding, RFID, Hologram, Forensic Markers), End-use Industry (Food & Beverage, Automotive, Luxury goods Pharmaceuticals, Electrical & Electronics), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2030
Leading companies in the industry include 3D AG, 3M Company, Advance Track & Trace, AlpVision S.A., Ampacet Corporation, Applied DNA Science, Authentix, Inc., Avery Dennison Corporation, CCL Industries, DuPont, IMPINJ, Inc., Intelligent Label Solutions, SATO Holdings, SAVI Technology, Inc., SICPA Holdings SA, SML Group, Systech International, Tracelink Inc., TruTag Technologies, Inc. and Zebra Technologies Corporation among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
The technology segment is divided into mass encoding, RFID, hologram, tamper evidence, forensic markers. The mass encoding segment is predicted to be the largest market for anti-counterfeit packaging based on technology owing to its supply chain management and logistics product tracing solutions with the help of numerous nodes. Because of the expanding inclination of manufacturers, RFID is a growing segment. The application segment includes food & beverage, automotive, luxury goods, pharmaceuticals, electrical & electronics. The pharmaceuticals segment dominated the market with a market share around 30% in 2020. One of the factors leading to the surge in demand for anti-counterfeiting technologies in packaging is an increase in awareness regarding anti-counterfeit packaging and human health and safety. The APAC region is likely to drive demand for anti-counterfeit packaging in the pharmaceuticals industry, owing to rising urbanisation and industrialisation. Anti-counterfeiting technologies have become increasingly popular as a result of rigorous anti-counterfeiting legislation, the requirement for an efficient supply chain, and the availability of low-cost anti-counterfeiting solutions.
The overall growth of the packaging industry is expected to drive market growth, fueled by increased demand for packaging products from the food & beverage, personal care, and pharmaceutical industries. Furthermore, with companies and governments all over the world implementing anti-counterfeiting campaigns to protect both brand image and consumer health, demand for anti-counterfeit packaging is likely to increase throughout the forecast period.
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