Anti-Counterfeit Pharmaceutical Packaging Market Overview
The report is titled as ‘Anti-Counterfeit Pharmaceutical Packaging Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the anti-counterfeit pharmaceutical packaging market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Anti-counterfeit pharmaceutical packaging market is expected to grow with significant rate in the near future.
In 2020, global anti-counterfeit pharmaceutical packaging market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period
Anti-Counterfeit Pharmaceutical Packaging Introduction
Packaging holds a vital role in the manufacturing process of commodities as it acts as a link binding production with marketing through which the goods reach from the manufacturing center to the end-consumers in a safe and well condition with a minimal entire cost. Packaging can also be comprehended as the unified system which can encircle or safeguard the products for distribution, preservation, storage, information, transportation, and sales.
At the same time, counterfeit is a matter of product security. Products deflected from their appropriate distribution channel, or marketed after their expiry date, or by alteration of the package are related to the issue of counterfeiting. To put it in simpler terms, counterfeits can be understood as unlicensed or illegal imitations of a trademarked brand, which are intently identical or similar to true articles. The aftermath of these illicit practices is fairly serious in terms of health issues, revenue-loss, and irrevocable reparations to brands. In this course of events, the anti-counterfeiting packaging solutions have turned out to be the ‘go-to solution’ for forestalling economic indemnifications, online frauds, health risks, and a raft of other illegal practices.
The various kinds of anti-counterfeit packaging, all across the world, both covert and overt, are successfully prohibiting the counterfeiting of susceptible products. Directly and indirectly, they are rescuing the lives and economic well-being of consumers. The anti-counterfeit packaging solutions includes 2-D barcodes, holograms, radio frequency identification (RIF), forensic techniques, visible or overt properties, hidden or covert markers, and serialization as well as track and trace solutions which are triumphantly safeguarding consumers from counterfeit products.
The growing implementation of policy and regulations for anti-counterfeiting packaging in order to prevent the meddling or the counterfeiting of packaged original and branded drugs is primarily projected to drive the growth of the global anti-counterfeit pharmaceutical packaging market in the following years.
Anti-Counterfeit Pharmaceutical Packaging Market Segmentation
The global anti-counterfeit pharmaceutical packaging market is segmented on the basis of packaging format, printing technology, adhesion, end-application, and region.
By Packaging Format
Vials & Ampoules
Blisters
Trays
Pouches & Sachets
Others
By Printing Technology
RFID
Security Inks & Coatings
Security Seals
Holograms
Mass Encryption
Barcode
Mass Serialization
By Adhesion
Removable
Repositionable
By End-Application
Medical & Supplies
Gloves
Scissors
Syringes & Needles
Surgical Tapes
Others
Medical Equipment
Surgical
Therapeutic
Diagnostic
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Anti-Counterfeit Pharmaceutical Packaging Market Key Players
Some of the key participating players in global Anti-Counterfeit Pharmaceutical Packaging market are:
BAYER AG
ATL Security Label Systems
CCL Industries
SICPA Holdings
Schott AG
Klockner Pentaplast Group
Nipro Corporation
Authentix Inc.
TruTag Technologies, Inc.
Alpvision SA
OpSec Security Inc.
3M
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Anti-Counterfeit Pharmaceutical Packaging
Advantages of Anti-Counterfeit Pharmaceutical Packaging
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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The anti-counterfeit pharmaceutical packaging market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in anti-counterfeit pharmaceutical packaging market.
The global anti-counterfeit pharmaceutical packaging market is segmented on the basis of packaging format, printing technology, adhesion, end-application, and region.
Some of the key participating players in global Anti-Counterfeit Pharmaceutical Packaging market are: BAYER AG, ATL Security Label Systems, CCL Industries, SICPA Holdings, Schott AG, Klockner Pentaplast Group, Nipro Corporation, Authentix Inc., TruTag Technologies, Inc., Alpvision SA, OpSec Security Inc., 3M.