Press release
Anti-Counterfeiting Traceability System Market to Experience Strong Growth, Projected to Boom at a CAGR of 14.10% by 2032
Anti-Counterfeiting Traceability System
The Anti-Counterfeiting Traceability System market is expected to grow from USD 71,924.14 million in 2024 to USD 181,092.83 million by 2032, with a CAGR of 14.10% during the forecast period (2024-2032).
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List of Prominent Players in the Anti-Counterfeiting Traceability System Market:
Tracetoo S.R.L
Cypheme
Aliyun
Chekkit
Optel Group
Cognex Corporation
Neurotags
Pixelplex
Panpass Information Technology Co., Ltd
Techsun Group
Others
Anti-Counterfeiting Traceability System Segmentation:
By Type
• Individual Traceability
• Batch Traceability
By Application
• Medicine
• Food and Drinks
• Cosmetic
• Electronic Consumer Goods
By End-user
• Manufacturers
• Retailers
• Government Bodies
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Drivers of the Anti-Counterfeiting Traceability System Market:
1. Demand for Product Authenticity:
- Increasing consumer awareness of counterfeit risks.
- High demand for authentic and traceable products in sectors like pharmaceuticals, food, luxury goods, and electronics.
2. Regulatory Requirements:
- Stricter laws, especially in healthcare, to combat counterfeit products.
- Regulations require traceability systems to ensure product safety and authenticity.
3. Health and Safety Risks:
- Counterfeit products can harm consumers and damage brand reputation.
4. Technological Advancements:
- Innovations in blockchain, IoT, and AI improve traceability system efficiency and security.
- Blockchain provides a transparent, tamper-proof ledger, while IoT enables real-time product tracking.
5. Compliance Focus:
- Growing need for businesses to comply with regulations, boosting adoption of anti-counterfeiting systems.
6. Sustained Market Growth:
- Rising counterfeit threats and evolving technology continue to drive market expansion.
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Gauri Dabi | Business Development
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Future Market Consulting
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