Dublin, 24 December 2020 (GLOBE NEWSWIRE) – Report “Market size of counterfeit packaging technologies, market size, market share, application analysis, regional outlook, growth trends, key players, competitive strategies and forecasts, 2020 to 2028. ” was published added ResearchAndMarkets.com’s offer.
The counterfeit packaging technology market is expected to reach $ 420.97 billion by 2028 with 12.8% CAGR over the forecast period from 2020 to 2028. In 2019, North America led the counterfeit chain packaging technology market. The Asia-Pacific region is estimated to be the fastest growing between 2020 and 2028.
Counterfeiting is a product safety issue. The trade in counterfeit products exceeds a trillion billion dollars. Counterfeit products have a huge potential to cause economic damage to any region or country. Rapid globalization, along with reduced financial and customs controls and liberating economies, offer a huge opportunity to this market.
According to the World Customs Organization, the trade in counterfeit goods generates a value of over $ 650 billion a year. Strong international trade, lack of trade regulations and globally weak supply chains are some of the factors that pose a constant challenge to customs authorities around the world. Customs authorities are trying to reach a compromise between regulating and facilitating trade, which in turn leads to an influx of counterfeit products into the world economy.
Expansion of trade between countries, easy payment and well-established distribution channels also prove useful for counterfeiting activities. An Internet distribution channel extended across national borders has boosted the flow of goods around the world. However, the anonymity provided to counterfeiters with an unlimited market, along with cheap communication and investment, are some of the main factors that have opened up opportunities for trade in counterfeit products. Further, the weak and compromised enforcement of both national and international intellectual property rights has made market falsification low entry barriers.
Counterfeiting poses a significant threat to public health and safety and is detrimental to global trade. Anti-counterfeiting packaging technologies can prove useful, providing an important service to manufacturers, governments and consumers. Technology such as coding and printing is leading the market in 2019 and is expected to maintain its dominance over the forecast period. The use of holograms is also a proven technology that acts as a barrier to counterfeiting counterfeit products and their packaging. Preserves revenue, marketing investments of manufacturers, customer loyalty and brand image.
Above all, anti-counterfeit packaging technologies verify the authenticity of the product, monitor it and monitor it to ensure the safety of products and brands, while protecting consumers, brands and government organizations from the harmful effects of counterfeiting. These technologies help eliminate potential fraud that exploits the image of a manufacturer that harms the growth of the product market. Key players operating in the market are Banknote Corporation of America Inc., Sennett Security Products LLC, 3M Company, Avery Dennison Corporation, CCL Industries Inc., Digimarc. and Zebra Technologies Corp Inc., among others.
The food and beverage industry is stimulating the growth of the market for packaging technology for counterfeit products
Currently, Food and Beverage is one of the leading end-use industries in terms of value, accounting for more than 35% in 2019, and is expected to retain a prominent place with the highest CAGR over the forecast period. Counterfeits in the food and beverage industry include product counterfeiting, product replacement, product replacement, product copying, unauthorized bottling, etc. The market for counterfeit packaging technologies is projected to witness strong growth in the food and beverage sector over the forecast period thanks to continued demand for packaged food and beverages. Moreover, changing consumer preferences and growing food safety concerns require more effective solutions to mitigate the risk of counterfeit products in industry. The counterfeit food and beverage market is estimated to grow by $ 49 billion a year, creating a huge opportunity for packaging technologies against counterfeit products.
The coding and printing technology segment was identified as the dominant type in 2019
Coding and printing technology accounted for approximately 35% of the anti-counterfeiting packaging market in 2019 and was expected to maintain its dominance over the forecast period. Encoding and printing can be used as both open and covert access, which gives this technology an advantage over other technologies. Factors such as low cost, ease of use, easy recognition and incorporation of secret technology are expected to drive technology growth over the projected period from 2020 to 2028. The encoding and printing technology market was followed by holograms and security labels in 2019. RFID technology is projected to record the fastest growth over the forecast period. Features such as supply chain tracking, a high level of protection against duplication, enabled non-human identification using wireless capabilities and remote label reading will drive the growth of technology. 3M, among prominent players using RFID technology to track the supply chain at the point of production and at the point of sale, for example for retail. Benefits associated with the RFID system include accurate billing, increased inventory visibility, and improved recall management
Rise in the manufacturing sector that fuels the growth of packaging technology for counterfeit products in the Asia-Pacific region
The Asia-Pacific region is projected to grow the fastest, with a CAGR of 15.1% over the forecast period from 2020 to 2028. This growth can be attributed to high economic growth, large investments in the automotive and industrial and food industries, and growth in the manufacturing sector. of this region. Further, growing demand for quality products, population growth, and a growing end-use industry have led to innovation and development in these industries, making Asia and the Pacific a powerful hub for end-use globally. Asia has the majority of counterfeit products and is expected to grow slightly in the near future according to the OECD (Organization for Economic Co-operation and Development). As a result, the demand for packaging technologies against counterfeit products is growing rapidly. Counterfeiters indirectly contribute to the GDP of their home country. In Asian countries, the problem of counterfeiting is widespread due to the huge flow of counterfeit goods in their economy. The influx of counterfeit goods results in tax losses for governments and damage to local producers. The global market for packaging technologies against counterfeit products is segmented into five regions: North America, the Asia-Pacific region, Europe, Latin America, and the Middle East and Africa.
New product development is a key strategy adopted by Zebra Technologies, a pioneering printing solutions company
Zebra Technologies, a pioneer in delivering printing solutions for business enhancement and security, has introduced Zebra Brand Protection Solutions that includes a new line of secure labels, cards, labels, ribbons and readers – the industry’s first line of bar code concealed print media. This new product line is effective against the fight against brand redirection, counterfeiting and gray marketing. Other notable players competing in the counterfeit packaging technology market are Savi Technology, Inc., Sicpa Holding SA, 3 M, Applied DNA Sciences Inc., DuPont, Avery Dennison Corporation, Alpvision SA, Authentix, Inc., etc.
Key questions answered in this report
- What are the expected largest segments of types and end uses on the market in the projected period from 2020 to 2028?
- What are the expected fastest growing market segments in the forecast period?
- What are the current market trends in the market for counterfeit product packaging technologies and valuable opportunities for players?
- How does the regulatory framework affect the global as well as the regional market?
- What different roles do manufacturers, governments and other bodies play in combating counterfeiting?
- What are the market sizes and trends in emerging and developing markets?
2.1. Market snapshot
2.2. Global market for anti-counterfeiting packaging technologies, by type, 2019
2.3. Global market for anti-counterfeiting packaging technologies, by end-use industry, 2019
2.4. Global market for technologies for packaging counterfeit products, by geography, 2019
3. Global market for anti-counterfeiting packaging technologies: market dynamics
3.2. Market dynamics
3.2.3. Future prospects
3.3. Competitive landscape: Positioning key players in the market, 2019
4. Global market size of counterfeit technology packaging technologies (billions of US dollars), by type, 2018 -2028
4.1.1. Analysis of market share by type, 2019 compared to 2028 (value,%)
4.2. Encoding and printing
4.5. Security stickers
4.6. Packaging design
4.7. Other (digital mass sterilization, digital mass encryption and surveillance technologies)
5. Global size of the market for anti-counterfeiting packaging technologies (billion US dollars) by end-use industry, 2018-2028
5.1.1. Market share analysis by final industry, 2019 to 2028 (value,%)
5.2. Food and drink
5.3. Health and pharmacy
5.4. Transport and industry
5.5. Consumer products
5.7. Other (handbags, wallets, jewelery, toys, optical media, books, etc.)
6. Global market size of counterfeit technology packaging technologies (billions of US dollars), by geography, 2018-2028.
6.1.1. Market share analysis by geography, 2019 compared to 2028
6.2. North America
6.4. Asia Pacific
6.5. Latin America (LATAM)
6.6. Middle East and Africa (MEA)
7.1. Competitive control panel
7.2.1. Business description
7.2.2. Financial information (depending on data availability)
7.2.3. Product portfolio
7.2.4. Business strategy
7.3. Avery Dennison
7.5. Zebra Technologies Corp Inc.
7.6. Sicpa Holding SA
7.7. Alpvision SA
7.8. Applied DNA Sciences Inc.
7.9. Savi Technology, Inc.
7.10. Authentix, Inc.
7.11. EI du Pont de Nemours and company
7.12. CCL Industries Inc.
7.13. Other significant players
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