Global Anti-Counterfeit Packaging Market
Posted by ashwini on January 25th, 2021
Global Anti-Counterfeit Packaging Market was valued at US$ 105.7 Bn in 2019 and is expected to reach US$ 257.9 Bn by 2027, at a CAGR of 11.79% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Based on the usage feature, the overt segment is expected to propel the global anti-counterfeit packaging market growth in the forecast period. It can locate the package at any point during the delivery process and add substantial value to the product, which is surging the global anti-counterfeit packaging market growth in a positive way. On the basis of end-user industry, the pharmaceutical segment is projected to fuel the global anti-counterfeit packaging market growth during the forecast period as increased usage of anti-counterfeit packaging in this industry across the globe. The rising concerns regarding health among consumers globally is propelling the global anti-counterfeit packaging market growth.
The increase in manufacturing activities in emerging economies such as India and China, which are expected to drive the global anti-counterfeit packaging market growth during the forecast period. The global anti-counterfeit packaging market growth is driven by increased demand from the various end-user industry such as food & beverage and pharmaceutical industries. The rising expansion of pharmaceutical & healthcare industry and an increasing number of counterfeit products in the market, which is boosting the global anti-counterfeit packaging market growth in a positive way. The rise in demand for product differentiation and labeling for their authentication is estimated to drive the global anti-counterfeit packaging market growth in the near future. However, lack of awareness regarding authenticating pharmaceutical and food products among the population, which is estimated to hamper the global anti-counterfeit packaging market growth during the forecast period.
In terms of region, the Asia Pacific is estimated to hold the largest share in the global anti-counterfeit packaging market during the forecast period as increased industrialization and globalization in this region. China is expected to drive the global anti-counterfeit packaging market in the forecast period as increased expansion of pharmaceutical & healthcare and food & beverage industries. Moreover, emerging economies such as India and China has a large number of the consumer base, overall economic growth, and growth in manufacturing activities which are expected to propel the demand in the packaging industry. North America is projected to generate highest CAGR in the global anti-counterfeit packaging market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Anti-Counterfeit Packaging Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Anti-Counterfeit Packaging Market.
Global Anti-Counterfeit Packaging Market, by Technology
• Food & beverage
• North America
• Alien Technology, LLC.
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About the Authorashwini
Joined: July 8th, 2020
Articles Posted: 101
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