Anti-Counterfeiting Packaging Market Size to Hit USD 189.9 Billion by 2026; Increasing Focus on Brand Protection by Companies to Fuel the Market Demand: Fortune Business Insights(TM)
PUNE, India, April 29, 2020 /PRNewswire/ -- The global anti-counterfeiting packaging market size is projected to reach USD 189.9 billion by 2026, exhibiting a CAGR of 7.8% during the forecast period. Rising menace of flagrant counterfeiting on e-commerce platforms is likely to emerge as the central growth driver for this market, according to the new Fortune Business Insights(TM) report, titled "Anti-Counterfeiting Packaging Market Size, Share & Industry Analysis, By Technology (RFID, Holograms, Barcode, and Others), By End-Use (Food & Beverages, Healthcare & Pharmaceutical, Industrial & Automotive, Consumer Electronics, and Others), and Regional Forecast, 2019-2026". E-commerce platforms have become a breeding ground for counterfeiters to sell fake products to unsuspecting customers.
A study conducted by a community media platform called Local Circles found that approximately 20% of the products sold on e-commerce sites are counterfeit. The widespread presence of such fake products across online marketplaces poses a grave threat not just to the well-being of the consumer, but also to investments being made into these companies. In response, e-commerce giants such as Amazon and Alibaba are implementing advanced anti-counterfeiting measures to protect both consumers and investors, which are leading the anti-counterfeiting packaging market trends.
Browse Summary Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/anti-counterfeiting-packaging-market-102692
Worldwide COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To Get Sample PDF With "Short-Term and Long-Term Impact Of COVID-19" On Anti-Counterfeiting Packaging Market,
Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/anti-counterfeiting-packaging-market-102692
The report on this market states that the market value stood at USD 104.5 billion in 2018. Besides this, the report shares the following information:
-- Diligent segmentation of the market and careful study of each segment;
-- The detailed evaluation of the factors driving and restraining the
market;
-- Comprehensive research into the regional and competitive dynamics
influencing the market; and
-- Precise computation of market values and figures.
Market Driver:
Concerted Efforts to Tackle Counterfeiting to Boost the Market
Counterfeiting practices are running rampant across all the major sectors and industries around the world. These practices have gained firm ground in critical sectors and have the potential to cause serious, long-term damage to the health of consumers. For example, the World Health Organization estimates that roughly 10% of the pharmaceutical drugs and medicines sold in low- and middle-income countries are fake or substandard. This, and many such findings, has spurred governments into action.
For instance, China came out with a law in early 2019 that holds sellers and e-commerce platforms jointly accountable for counterfeit products sold on such platforms. Many leading technology companies are also coming to the fore with advanced solutions. For instance, IBM developed the Crypto Anchor Verifier, an Artificial Intelligence- and blockchain-based counterfeit detector that runs on a smartphone. These independent efforts have considerably augmented the potential of this market.
Regional Analysis
North America to Hold Commanding Lead; Asia-Pacific to Showcase Remarkable Growth
With a market size of USD 37.28 billion in 2018, North America is slated to dominate the anti-counterfeiting packaging market share during the forecast period owing to extensive utilization of superior anti-counterfeiting packaging solutions. This is further propelled by the surging demand for packaged food and beverage products in the region, which is boding well for the market.
Asia-Pacific is expected to present plenty of lucrative opportunities on account of rapid economic growth in India and China. Moreover, private players and the government in China are focused on effectively tackling the high rate of counterfeiting in the country through policy and technology, thereby fueling this market. In Europe, stable demand for consumer electronics will mainly drive the growth of the market.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/anti-counterfeiting-packaging-market-102692
Competitive Landscape:
Launch of Novel Solutions to Animate Competitive Fervor among Players
Incorporation of advanced, intelligent technologies in the e-commerce industry has paved the way for key players in this market to innovate and come out with next-gen solutions, as per the anti-counterfeiting packaging market report. As a result, some of the top companies are focusing on launching new products to entrench their market position, while some are acquiring businesses to expand their portfolio.
Industry Developments:
-- March 2020: The US-based RFID provider SML RFID introduced the RFID
FactoryCare(TM) intending to smoothen the supply chain in fashion
retailing by enabling manufacturers to efficiently manage RFID-tagged
products. Furthermore, the product will enhance item visibility all
through the supply chain process and ensure foolproof delivery.
-- March 2020: Avery Dennison Corporation, the US-based adhesive
manufacturer, announced the successful acquisition of the transponder
business arm of Smartrac, a leading developer and manufacturer of RFID
inlays based in the Netherlands. The deal was sealed at an estimated
value of EUR225 million.
List of Key Companies Covered in the Anti-Counterfeiting Packaging Market Research Report are:
-- MicroTag Temed Ltd.
-- BrandWatch Technologies
-- AlpVision
-- SICPA HOLDING SA.
-- Zebra Technologies Corporation
-- CCL Industries Inc.
-- Impinj, Inc.
-- Authentix.
-- Avery Dennison Corporation
-- SML Group
-- 3M Company
Quick Buy - Anti-Counterfeiting Packaging Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102692
Detailed Table of Content:
-- Introduction
-- Research Scope
-- Market Segmentation
-- Research Methodology
-- Definitions and Assumptions
-- Executive Summary
-- Market Dynamics
-- Market Drivers
-- Market Restraints
-- Market Opportunities
-- Key Insights
-- Key Emerging Trends in Global Market
-- Latest Technological Advancements
-- Insights on Regulatory Scenario
-- Porters Five Forces Analysis
-- Key developments: Mergers, Acquisition, Collaboration, Partnership,
and Joint Venture
-- Anti-Counterfeiting Packaging Market Analysis, Insights and Forecast -
By Technology
-- Key Findings
-- Market Analysis, Insights and Forecast - By Technology
-- RFID
-- Holograms
-- Barcode
-- Others
TOC Continued...!
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/anti-counterfeiting-packaging-market-102692
Browse Related Reports:
Smart Label Market Size, Share & Industry Analysis, By Technology (Electronic Article Surveillance (EAS) Security, RFID, Sensing Labels, Near Field Communication Tag, and QR Code/2D Barcode), By End-User (Retail, Healthcare & Pharmaceuticals, Food & Beverages, Consumer Electronics, Supply Chain and Logistics, Transportation, and Others) and Regional Forecast, 2019-2026
Beverage Packaging Market Size, Share & Industry Analysis, By Material (Plastic, Glass, Metal, and Others), By Product (Can, Bottle & jars, Pouch, Carton, and Others), By Application (Alcoholic and Non-alcoholic) and Regional Forecast, 2019-2026
Food Packaging Market Size, Share & Industry Analysis, By Materials (Glass, Metal, Paper & Paperboard, Wood, and Plastics [Polypropylene, Polyethylene, PET, and Others]), By Product (Rigid, Semi-Rigid, and Flexible) By Application (Fruits & Vegetables, Bakery & Confectionery, Dairy Products, Meat, Poultry & Seafood, Sauces, Dressings and Condiments, and Others), and Regional Forecast, 2019-2026
Cosmetic Packaging Market Size, Share & Industry Analysis, By Material Type (Plastic, Glass, Metal, Others), By Cosmetic Type (Hair Care, Skin Care, Make-up, Nail Care, Others) Others and Regional Forecast, 2019-2026
Smart Food Packaging Market Size, Share & Industry Analysis, By Type (Active Packaging, Controlled Packaging, Modified Atmosphere Packaging, Others), By Material (Plastic, Metal, Glass, Paper, Aluminium, and Plastic) Others and Regional Forecast, 2019-2026
Packaging Machinery Market Size, Share & Industry Analysis, By Machine Type (Bottling Line, Cartoning, Case Handling, Closing, Filling & Dosing, Form, Fill & Deal, Labelling, Decorating & Coding, Palletizing, Wrapping & Bundling and Others), By End User (Food, Beverages, Pharmaceuticals, Personal Care and Toiletries, Household, Industrial and Agricultural Chemicals and Others) and Regional Forecast, 2019-2026
Food Packaging Equipment Market Size, Share & Industry Analysis, By Equipment Type (Filling, Bottling, Case Cartoning, Labelling and Palletizing), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages and Others) and Regional Forecast, 2019-2026
About Us:
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights(TM) Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1-424-253-0390
UK : +44-2071-939123
APAC : +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights(TM)
LinkedIn | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/anti-counterfeiting-packaging-market-9836
View original content to download multimedia:http://www.prnewswire.com/news-releases/anti-counterfeiting-packaging-market-size-to-hit-usd-189-9-billion-by-2026-increasing-focus-on-brand-protection-by-companies-to-fuel-the-market-demand-fortune-business-insights-301049179.html
SOURCE Fortune Business Insights
