At 14% CAGR to 2021, Anti-Counterfeit Packaging Market Led by RFID Technology
Jan 30, 2017
The global anti-counterfeit packaging market is projected to grow from USD 107.26 billion in 2016 to reach USD 206.57 billion by 2021 at a CAGR of 14% while RFID technology of the technology segment projected to grow at the highest CAGR during the forecast period.
Pune, India - January 30, 2017 /MarketersMedia/ —
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.
Complete report on global anti-counterfeit packaging market spread across 205 pages, profiling 18 companies and supported with 145 tables and 43 figures is now available at http://www.reportsnreports.com/reports/470606-anti-counterfeit-packaging-market-by-technology-rfid-coding-printing-holograms-security-labels-usage-feature-track-trace-tamper-evidence-overt-covert-features-end-use-food-beverages-pharmaceuticals-automotive-global-forecasts-to-2020.html .
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.
The RFID technology of the technology segment is projected to grow at the highest rate between 2016 and 2021. The RFID technology reads and captures information stored on the tag attached to the product. RFID are 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.
The various suppliers of anti-counterfeit packaging and related products in this report such as Avery Dennison Corporation (U.S.), CCL Industries Inc. (Canada), 3M Company (U.S.), E.I. du Pont de Nemours and Company (U.S.), Zebra Technologies Corporation (U.S.), SICPA Holding SA (Switzerland), AlpVision S.A (Switzerland), Applied DNA Sciences Inc. (U.S.), Savi Technology, Inc. (U.S.) and Authentix, Inc. (U.S.).
Request a discount on a copy of Anti-Counterfeit Packaging Market by Technology (Coding & Printing, RFID, Hologram, Security labels, Packaging Design), Usage Feature (Track & Trace, Tamper Evidence, Overt, Covert, Forensic Markers), End-use Sector, and Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=470606 .
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by North America. In Asia-Pacific, China is the largest consumer for anti-counterfeit packaging, followed by Japan. China, with its growing food & beverage and pharmaceutical &healthcare industries, is expected to drive the anti-counterfeit packaging market. Japan, with its growing inclination toward convenient products, is expected to impact the anti-counterfeit packaging market in the Asia-Pacific region.
Ask for a representative sample copy of this research at http://www.reportsnreports.com/contacts/requestsample.aspx?name=470606 .
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Release ID: 165432
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