Global Market for Anti-counterfeit Pharmaceutical Packaging to Witness Considerable Upsurge During 2016-2026
Fake medicines affect the pharma company's reputation along with the patients. Thus, an increasing number of pharmaceutical companies are using anti-counterfeit solutions with the packaging of their products. Among the various packaging options, water, hologram and bar code are conventional methods. New and innovative options like integrating authentic overt features with covert elements, forensics and track and trace elements are being adopted by the pharmaceutical companies, thanks to the advancement in technology.
3M track and Trace solutions are expected to lead the entire market by 4.5% share and are expected to leave the other contenders behind. Avery Dennison and Sicpa Holdings are expected to give fierce competition to the market leaders during the projected period. This widespread and fragmented market is filled with competitors who offer anti counterfeit pharmaceutical packaging. In the current scenario these targeted companies are predicted to cover 12% of the entire market share and the rest will contribute to 82% of the global Anti-counterfeit pharmaceutical packaging market.
Request to Sample Report - https://www.futuremarketinsights.com/reports/sample/rep-gb-2385
Region wise, North America is expected to dominate in the global anti-counterfeit pharmaceutical packaging market during the forecast period. Even in 2015, North America led the market for anti-counterfeit pharmaceutical packaging by accounting for 34% of the total share of the global market in terms of revenue. North America being the largest pharmaceuticals and biologics research hub, exports bio pharma products across all geographies. Another factor that will boost growth of the pharmaceutical sector in the region is the significant investment of companies in R&D.
The fastest growing market over the forecast period is predicted to be Latin America with a CAGR of 12.7% between 2016 and 2026. In MEA region Africa's changing economic profile is influencing local as well as international players to expand their markets in the region. In the Middle East and Africa, the anti counterfeit pharmaceutical market is estimated to expand at a fast paced CAGR of 11.5% by 2026 due to the growth in the economy of the region.
The anti counterfeit pharmaceutical packaging is segmented on the basis of technology into security inks and coatings, security printing and graphics, RFID (active tags, semi active tags, passive tags) hologram, mass encoding (Barcode application, digital mass serializatio) and others (Electromagnetic, Surveillance technologies). The value of RFID technology segment in the global anti-counterfeit pharmaceutical packaging market was US$331.8 mn in 2015 and is expected to come close to a market value of US$1,146.8 mn by 2026, expanding at a CAGR of 12.3% from 2016 to 2026. The segment is anticipated to create an incremental $ opportunity of US$ 786.8 Mn between 2016 and 2026.
Request Report TOC @ https://www.futuremarketinsights.com/askus/rep-gb-2385
The global anti-counterfeit pharmaceutical packaging market is segmented on the basis of usage feature as convert features, forensic markers, divert features, tamper evidence, and track & trace technologies. The track & trace technologies segment is predicted to be worth US$ 2,742.5 mn by 2026 and expand at a CAGR of 13.1% over the forecast period. The track and trace segment is estimated to account for 40% by 2026.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Market for Anti-counterfeit Pharmaceutical Packaging to Witness Considerable Upsurge During 2016-2026 here
News-ID: 998861 • Views: 455
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small