Anti-Counterfeit Packaging Market: Set to Explode and Reach US$ 219.4 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled "Anti-Counterfeit Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global anti-counterfeit packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the anti-counterfeit packaging market?

The global anti-counterfeit packaging market size reached US$ 110.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 219.4 Billion by 2028, exhibiting a growth rate (CAGR) of 12.1% during 2023-2028.

What is anti-counterfeit packaging?

Anti-counterfeit packaging involves the process of assigning secure packaging to a product in an attempt to reduce the incidences of infringement and counterfeiting of products. It results in preventing the imitation and production of unauthorized replicas of a trademarked product while safeguarding its authenticity. This benefits numerous companies by minimizing losses caused due to counterfeiting in terms of revenue and loyalty. As a result, it is widely deployed across a vast range of industrial verticals, including electronics, healthcare, pharmaceutical, automotive, and food and beverage.

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What are the growth prospects and trends in the anti-counterfeit packaging industry?

The global market is majorly driven by the rising awareness among the masses regarding the unapproved reproductions of counterfeit products of trademark labels across numerous industries. This has encouraged several players to adopt anti-counterfeiting packaging measures in order to minimize the instances of duplication of their products, which is providing an impetus to the market growth. This is further supported by various regulations implemented by the governments of several countries that are focused on reducing the production and distribution of imitation products significantly. The market is further driven by the integration of these packaging solutions with technological innovation to ensure extremely secure packaging for use in numerous industries. For instance, the launch of micro tags and Radio Frequency Identification (RFID)-based track and trace solutions are gaining widespread prominence among end users. Some of the other factors contributing to the market growth include the rising brand consciousness among the masses and considerable growth in the e-commerce sector. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 12.1% during 2023-2028.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Technology:

Barcodes
RFID (Radio-Frequency Identification)
Holograms
Taggants
Others

Breakup by Feature Type:

Overt Features
Covert Features

Breakup by End Use Industry:

Food and Beverage
Healthcare
Automotive
Consumer Electronics
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

3M Company
AlpVision SA
Applied DNA Sciences Inc.
Authentix Inc.
Avery Dennison Corporation
CCL Industries Inc.
DuPont de Nemours Inc.
Savi Technology Inc.
SICPA Holding SA
SML Group Limited
Zebra Technologies Corporation.

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This release was published on openPR.