The Anti-counterfeiting packaging is an effective procedure of assigning protected packaging to the product in command to decrease the counterfeiting or infringement. The determination of the anti-counterfeiting packaging is to safeguard the imitation and confirms protection of the goods.
According to the report analysis, ‘Global Anti-counterfeit Packaging in Consumer Goods Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ states that in the worldwide anti-counterfeit packaging in the consumer goods market there are various entities which presently operational more actively for leading the fastest market growth and recording the handsome value of market share around the globe over the near years more positively while delivering the better consumer satisfaction, disseminating the awareness related to the benefits of such, establishing the new product and numerous research and development programs, analyzing and studying the government’s regulations and employing the young workforce includes Avery Dennison, Sun Chemical, Zebra Technologies, DNP, NHK SPRING, Flint Group, Toppan, 3M, Essentra, dupont, KURZ, OpSec Security, Lipeng, Shiner, Taibao, Invengo, De La Rue, Schreiner ProSecure, CFC, UPM Raflatac, Techsun, impinj and numerous others.
Additionally, the global market for Anti-counterfeit Packaging in Consumer Goods is expected to grow at a CAGR of roughly 12.5% over the next five years, will reach 104700 million USD in 2024, from 51800 million USD in 2019.
Whereas, during the recent trends, the industry absorption of anti-counterfeiting packaging in consumer goods is moderately low. The foremost producers of anti-counterfeiting packaging product are principally in US, Europe, Japan and China. All manufacturers across the sphere are dedicated to the enhancement of product quality. Recently, in the anti-counterfeiting packaging in consumer goods industry, the USA and EU producers occupy near 4/5 of the market, while Chinese products province the domestic market, owing to the immature technologies.
Although the sales of anti-counterfeiting packaging in consumer goods carry a lot of choices, the study group commends the new contestants who just have money but without technical improvement, raw materials advantage and downstream support, do not arrive into the anti-counterfeiting packaging in consumer goods field hurriedly.
The Counterfeiting is a predominant replication in the mainstream of the consumer industries. Therefore, the anti-counterfeiting packaging technologies have effective applications in broad range of industries involving food and beverage, entertainment, automotive, pharmaceutical, cosmetics, electronics and apparel amongst others. The Food and beverage industry registered for the majority of the anti-counterfeiting packaging in consumer goods market. However, the pharmaceutical segment is predicted to increase fastest among application sector owing to high implementation rates of anti-counterfeiting packaging technologies by the industry of pharmaceutical.
The effective growth in the consumer awareness, fresh application location, technological advancements and positive increase in the requirement for the secured packaging are some of the foremost factors of this market. In addition, the significant growth in the government guidelines and emphasis laid on eradicating the counterfeit good in developing and developed economies is set to trigger the market growth. Therefore, in the near years, it is anticipated that the market of anti-counterfeit packaging in consumer goods will increase around the globe over the upcoming years more progressively.
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Ankur Gupta, Head Marketing & Communications