New York , United States- Report Ocean published the latest research report on the Anti-counterfeit Packaging market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Anti-counterfeit Packaging market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.
The global anti-counterfeit packaging market size was US$ 120.37 billion in 2021. The global anti-counterfeit packaging market size is forecast to reach US$ 349.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.6% during the forecast period from 2022 to 2030.
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A counterfeit product is a replica of a trademarked label that is the same as the real thing. Counterfeit products often appear to take advantage of the excellent value of the counterfeited product. Among counterfeit goods are clothing, jewelry, medications, cigarettes, electronic equipment, and others. Secure packaging is crucial to avoid counterfeit goods. An anti-counterfeiting packaging solution helps decrease product infringement and counterfeiting by assigning secure packaging to the product. Companies are taking anti-counterfeit measures to minimize revenue and loyalty losses resulting from counterfeiting.
The rise in fake products on the market, brand awareness, buyer awareness of product information, the advancements in printing technologies, and the impact of counterfeit packages on marketing strategies of products and consumer health are driving the anti-counterfeit packaging market.
With growing demands for packaging products in the food and beverage, personal care, and pharmaceutical industries, the anti-counterfeit packaging market is forecast to grow.
Anti-counterfeit packaging requires high installation and innovation expenses, which discourages new entrants and prospects from adopting such solutions, slowing the global industry growth.
The COVID-19 pandemic had positively impacted the global market growth. As a result of increased demand and sales of medicines and personal care, items increased significantly. Also, as firms and governments worldwide developed anti-counterfeiting campaigns to protect both brand image and consumer health, demand for the industry grew. Furthermore, the benefits of anti-counterfeit packaging include reducing the impact of Covid-19 and ensuring the safety and quality of their packaging materials while keeping track of their employees’ health and well-being.
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North America accounted for the largest share of revenue in the market. A growing consumer market for food and beverages, healthcare, cosmetics, and electronics is forecast to contribute significantly to the industry’s growth. The consumer demand for transparency is increasing, leading to an increase in product traceability. In addition to sophisticated anti-counterfeit rules, this market has grown. Due to this expanded demand, manufacturers incorporate advanced technologies into their equipment that enable efficient production tracking and identification.
The Asia Pacific region is forecast to grow at a high rate in the global market during the forecast period. The region is experiencing an increase in anti-counterfeit packaging due to increased consumer knowledge, which has resulted in a greater understanding of product information.
The leading prominent companies profiled in the global anti-counterfeit packaging market are:
The global anti-counterfeit packaging market segmentation focuses on Technology, End-User, and Region.
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Middle East & Africa (MEA)
What are the key findings of the report? ?This report provides comprehensive information on factors expected to influence the market growth and market share in the future. ?The report offers the current state of the market and future prospects for various geographical regions. ?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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