$188 Bn Anti-Counterfeit Packaging Market Insights
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Posted On: 09/24/2020 5:09:01 PM
$188 Bn Anti-Counterfeit Packaging Market Insights and Outlook 2020-2025
August 28, 2020 10:34 ET | Source: Research and Markets
Dublin, Aug. 28, 2020 (GLOBE NEWSWIRE) -- The "Anti-Counterfeit Packaging Market by Technology (Mass Encoding, RFID, Tamper Evidence, Hologram, Forensic Markers), End-use Industry, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Market for Anti-Counterfeit Packaging is Projected to Grow from USD 106.3 Billion in 2020 to Reach USD 188.2 Billion by 2025, at a CAGR of 12.09% .
Growing demand from the pharmaceutical & healthcare sector to drive the market for anti-counterfeit packaging.
The anti-counterfeit packaging market is driven by factors such as rise in counterfeit products in the market, increasing brand awareness, awareness among buyers about product information, the growing e-commerce industry, developments in printing technologies, and concerns regarding the impact of counterfeit packaging on the brand image of products. The growing pharmaceutical & healthcare sector is projected to be the fastest-growing end-use sector in the next five years.
Due to stringent laws & regulations enacted by the government and increasing importance given to package security by manufacturers, the demand for anti-counterfeit packaging technologies is projected to grow in this sector. Emerging markets, such as the Asia-Pacific region, have contributed to an increase in the application of anti-counterfeit packaging in packaging products. The high set-up costs are the major restraint for the anti-counterfeit packaging industry.
RFID technology of the technology segment projected to grow at the highest CAGR during the forecast period.
The RFID technology of the technology segment is projected to grow at the highest rate between 2020 and 2025. The RFID technology reads and captures information stored on the tag attached to the product. RFID is used extensively in the packaging industry as they include tags, readers, and software services. By using tags and readers, products can be traced in seconds; this helps improve and track the supply chain process from production through distribution and retailing.
In terms of both value and volume, the Asia Pacific anti-counterfeit packaging market is projected to grow at the highest CAGR during the forecast period.
In terms of value and volume, the Asia Pacific region is projected to grow at the highest CAGR from 2020 to 2025 due to the strong demand from countries such as China, India, and Japan . Factors, including an increase in the demand for authentic products, awareness of buyers regarding product information, developments in packaging technologies, and increasing counterfeiting activities, are expected to drive the market for anti-counterfeit packaging market in the Asia Pacific region.
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The above is excerpted from: https://www.globenewswire.com/news-release/20...-2025.html
August 28, 2020 10:34 ET | Source: Research and Markets
Dublin, Aug. 28, 2020 (GLOBE NEWSWIRE) -- The "Anti-Counterfeit Packaging Market by Technology (Mass Encoding, RFID, Tamper Evidence, Hologram, Forensic Markers), End-use Industry, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Market for Anti-Counterfeit Packaging is Projected to Grow from USD 106.3 Billion in 2020 to Reach USD 188.2 Billion by 2025, at a CAGR of 12.09% .
Growing demand from the pharmaceutical & healthcare sector to drive the market for anti-counterfeit packaging.
The anti-counterfeit packaging market is driven by factors such as rise in counterfeit products in the market, increasing brand awareness, awareness among buyers about product information, the growing e-commerce industry, developments in printing technologies, and concerns regarding the impact of counterfeit packaging on the brand image of products. The growing pharmaceutical & healthcare sector is projected to be the fastest-growing end-use sector in the next five years.
Due to stringent laws & regulations enacted by the government and increasing importance given to package security by manufacturers, the demand for anti-counterfeit packaging technologies is projected to grow in this sector. Emerging markets, such as the Asia-Pacific region, have contributed to an increase in the application of anti-counterfeit packaging in packaging products. The high set-up costs are the major restraint for the anti-counterfeit packaging industry.
RFID technology of the technology segment projected to grow at the highest CAGR during the forecast period.
The RFID technology of the technology segment is projected to grow at the highest rate between 2020 and 2025. The RFID technology reads and captures information stored on the tag attached to the product. RFID is used extensively in the packaging industry as they include tags, readers, and software services. By using tags and readers, products can be traced in seconds; this helps improve and track the supply chain process from production through distribution and retailing.
In terms of both value and volume, the Asia Pacific anti-counterfeit packaging market is projected to grow at the highest CAGR during the forecast period.
In terms of value and volume, the Asia Pacific region is projected to grow at the highest CAGR from 2020 to 2025 due to the strong demand from countries such as China, India, and Japan . Factors, including an increase in the demand for authentic products, awareness of buyers regarding product information, developments in packaging technologies, and increasing counterfeiting activities, are expected to drive the market for anti-counterfeit packaging market in the Asia Pacific region.
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The above is excerpted from: https://www.globenewswire.com/news-release/20...-2025.html
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