Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market by Technology (Track and Trace Technology and Authentication Technology), by Application (Pharmaceuticals and Cosmetics & Personal Care)- Global Opportunity Analysis and Industry Forecast, 2020 – 2030
Industry: Materials and Chemical | Publish Date: 17-Jun-2020 | No of Pages: 326 | No. of Tables: 183 | No. of Figures: 153 | Format: PDF | Report Code : N/A
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Market Definition
The global Anti-Counterfeit Pharmaceuticals and Cosmetics Packaging Market size valued to USD 70.16 billion in 2019, is predicted to reach USD 335.90 billion by 2030, witnessing a growing CAGR of 15.3% from 2020-2030.
The rapid increase in counterfeiting activities, specifically in pharmaceuticals and cosmetic market, propels the high-volume low-quality manufacturing nature of this market. The Anti-counterfeit Pharmaceuticals and Cosmetics Packaging assist in avoiding piracy of products in the market, hence boosting the trade of authentic pharmaceutical and cosmetic products and at the same time prevents such counterfeit activities. Based on different kind of end-users, the technologies used to prevent counterfeiting activities include, track and trace technology, RFID readers, serialization, authentication technology, and barcodes scanners.
Market Dynamics and Trends
The global anti-counterfeit pharmaceuticals and cosmetics packaging market is observing a substantial market growth due to stringent regulations regarding usage of barcodes and advanced packaging by manufacturers, government regulations against counterfeit goods, presence of several number of intermediates, as well as increasing consumer awareness towards side-effects of fake goods. Besides, counterfeiting may be performed with container, labelling, packaging, or products; that may be generic or branded. The progression in track and trace technologies as well as the rise in multi-layered authentication technologies, are expected to bring revolutionary growth in the global market in future.
However, high cost of anti-counterfeit technology, complex operations, decentralization of pharmaceutical industry and reduction in manufacturer’s control over the supply chain are expected to inhibit the growth of the global market during the forecast period.
Moreover, factors such as increase in international trade, strict government regulations towards forged goods specifically in the developing countries, as well as cutting-edge product launches by the market players to strengthen the anti-counterfeit system, are expected to create lucrative opportunities in the global market in future.
Market Segmentations and Scope of the Study
The global anti-counterfeit pharmaceuticals and cosmetics packaging market share analysis is based on technology, application, and geography.
Based on technology, the market is segmented into track and trace technology and authentication technology. The track and trace technology are sub segmented into Barcode technology and RFID technology. The authentication technology is divided into Ink and Dyes, Holograms, Watermarks, and Taggants. Based on application the market is fragmented into pharmaceuticals and cosmetics & personal care. The pharmaceutical segment is further sub segmented into over the counter drugs and Prescription based drugs. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Asia-Pacific, Europe, and RoW.
Geographical Analysis
North America shall dominate the global anti-counterfeit pharmaceuticals and cosmetics packaging market throughout the forecast period, accounting the highest market shares. Factors such as ever-increasing medical research and development sector in this region along with consistently multiplying pharmaceutical industries, are responsible for fostering the market growth throughout the forecast period.
Europe being the second-largest market in terms of revenue, is anticipated to show a significant growth, owing to major contribution by Pharmaceutical and Medical cosmetic companies in the global market.
Asia Pacific region specifically the emerging economies shall show a significant growth in the global market, representing the highest CAGR value. The factors accountable for this growth are majorly increasing awareness about authenticated pharmaceutical drugs and cosmetic products, upsurge in awareness campaigns regarding the use of original products.
Competitive Landscape
The anti-counterfeit pharmaceuticals and cosmetics packaging industry, which is highly competitive, consist of various market players. Some of the major market players are Alien Technology, Zebra Technologies, Alpvision, Inksure Technologies, Flint Group, Avery Dennison, Impinj Incorporation, Sicapa, Authentix, and Honeywell among others.
The market players have adopted product launches, facility expansions and collaborations as their key strategies to gain substantial share in the global market.
For instance, in April 2019, Alien Technology announced its next-generation RIFD semiconductor integrated circuits named ‘Higgs-9 IC’ featuring the latest high-memory inlays.
Furthermore, in February 2020, one of the major players Impinj Incorporation introduced its RAIN RFID reader labelled Impinj R700; designed for enterprise-grade RAIN deployments. R700 reader is designed to deliver the best receive sensitivity, fastest network connectivity, and powerful edge processing for next-generation IoT solutions, hence offering the superior performance.
Key Benefits
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The anti-counterfeit pharmaceuticals and cosmetics packaging market report provides a quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the anti-counterfeit pharmaceuticals and cosmetics packaging market trend including current and future trends for depicting the prevalent investment pockets in the market.
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The report provides detailed information related to key drivers, restraints, opportunities and their impact on the global market.
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The report incorporates competitive analysis of the market players along with their market share in the global market.
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The study elaborates SWOT analysis and Porters Five Forces model for the market.
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Value chain analysis in the anti-counterfeit pharmaceuticals and cosmetics packaging market study provides a clear picture of the stakeholders’ roles.
Anti-Counterfeit Pharmaceuticals and Cosmetics Packaging Market Key Segments
By Technology
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Track and Trace Technology
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Barcode Technology
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RFID Technology
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Authentication technology
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Ink and Dyes
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Holograms
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Watermarks
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Taggants
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By Application
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Pharmaceuticals
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Over the Counter Drugs
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Prescription Based Drugs
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Cosmetics & Personal Care
By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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India
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Japan
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Korea
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Australia
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Rest of Asia-Pacific
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RoW
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Latin America
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Middle East
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Africa
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Report Scope and Segmentation
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Parameters |
Details |
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Analysis Period |
2019–2030 |
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Base Year Considered |
2019 |
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Forecast Period |
2020–2030 |
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Market Size Estimation |
Billion (USD) |
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Market Segmentation |
By Technologies (Authentication Packaging Technology, Track and Trace Packaging Technology) By Application (Pharmaceutical Application, Cosmetic Application) |
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Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, Spain, France, Rest of Europe), Asia-Pacific (China, Japan, India, Korea, Australia, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
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Companies Profiled |
Alien Technology, Zebra Technologies, Alpvision, Inksure Technologies, Flint Group, Avery Dennison, Impinj Incorporation, Sicapa, Authentix, and Honeywell. |
KEY PLAYERS
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Alien Technology
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Zebra Technologies
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Alpvision
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Inksure Technologies
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Flint Group
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Avery Dennison
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Impinj Incorporation
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Sicapa
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Authentix
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Honeywell
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