NEWARK, Del, July 19 2022 (GLOBE NEWSWIRE) — The global anti-counterfeit pharmaceutical packaging market is expected to grow on an opulent note at the rate of 8.4% between 2022 and 2027. It could reach US$149.1 billion by the year 2027.
The global anti-counterfeit packaging market was valued at approximately US$70 billion in 2018, translating into a US$3.5 billion worth opportunity for pharmaceutical anti-counterfeiting technology. The global anti-counterfeit pharmaceutical packaging market is expected to grow at a CAGR of 8.4% during the forecast period.
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Key points to remember
- The application of appropriate measures to prevent the flow of illegal drugs into the market tends to drive the growth of the anti-counterfeit pharmaceutical packaging market.
- The anti-counterfeit pharmaceutical packaging market is responding with a positive growth rate, which is expected to continue during the forecast period.
- The innovation of a new technology known as “micro-tag” has been developed, an edible technology for the identification, authentication, brand protection and quality assurance of drugs that may stimulate sales in the anti-counterfeit pharmaceutical packaging market.
- Technological advancements continue to create opportunities for the anti-counterfeit pharmaceutical packaging market. These factors are likely to help revolutionize anti-counterfeit pharmaceutical packaging products over the forecast period.
- North America and Europe together account for about half of the market share in the anti-counterfeit pharmaceutical packaging market.
Alien Technology, ATL Security Label Systems, CCL Industries, SICPA Holdings, Schott AG, Gerresheimer AG, Klockner Pentaplast Group, Ardagh Group SA, Nipro Corporation, Authentix Inc., TruTag Technologies, Inc., Zebra Technologies Corporation, Alpvision SA, OpSec Security Inc., Savi Technology Inc., 3M, Stevanato Group are some of the key companies profiled in the full version of the report.
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Some pharmaceutical companies have set up departments whose primary function is to protect their brand against counterfeiting and illicit reproduction, thus increasing the demand for anti-counterfeit pharmaceutical packaging.
With advancements in technology, pharmaceutical manufacturers are also incorporating innovative options to conventional solutions such as the integration of authentication and track and trace elements. All these factors favor an increase in the demand for anti-counterfeit pharmaceutical packaging products. Tier II pharmaceutical companies also prefer similar approaches.
More insights into the Anti-Counterfeit Pharmaceutical Packaging Market
North America is the largest pharmaceutical and biological research center exporting biopharmaceuticals to all regions. Additionally, the companies are making large investments in research, which is likely to boost the growth of the anti-counterfeit pharmaceutical packaging market in the region.
The United States is expected to account for approximately 90% of the North American anti-counterfeit pharmaceutical packaging market share by value. The growth is reflected due to the strict laws regarding anti-counterfeiting activities.
The dominance of the United States in the anti-counterfeit pharmaceutical packaging market is attributed to an increasing preference for advanced and expensive technologies such as RFID by leading manufacturers.
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Europe is second for similar reasons. The top three regions leading the anti-counterfeit pharmaceutical packaging market in Europe are Denmark, Belgium and Germany.
Asia-Pacific is expected to accelerate the pace of anti-counterfeit pharmaceutical packaging market in the future with improved healthcare infrastructure.
Key Segments Covered by Anti-Counterfeit Pharmaceutical Packaging Industry Research
By packaging format:
- Bottles and jars
- Vials and ampoules
- Pouches & Bags
- Others (Tubes, Syringes, etc.)
By printing technology:
- Security inks and coatings
- Security seals
- Mass encryption
- Mass serialization
Per final application:
- Pharmaceutical & Biological
- Medical material
- Syringes and Needles
- Surgical tapes
- Medical equipement
- North America Anti-Counterfeit Pharmaceutical Packaging Market
- Latin America Anti-Counterfeit Pharmaceutical Packaging Market
- European anti-counterfeit pharmaceutical packaging market
- East Asia Anti-Counterfeit Pharmaceutical Packaging Market
- South Asia Anti-Counterfeit Pharmaceutical Packaging Market
- Oceania anti-counterfeit pharmaceutical packaging market
- Middle East and Africa (MEA) Anti-Counterfeit Pharmaceutical Packaging Market
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About FMI – Packaging Market
In the latest study, FMI offers a detailed study of the Global Packaging Industry Market for the forecast period 2022-2027. This study also highlights the key sales promotion drivers of the Anti-Counterfeit Pharmaceutical Packaging market through detailed segmentation. Our research studies serve as a benchmark of market guidelines for leading industry manufacturers, channel partners and government agencies.
1.1. Market overview
1.2. Market analysis
1.3. Analysis and recommendations
1.4. Opportunity analysis
2. Presentation of the market
2.1. Market Taxonomy
2.2. Market definition
3. Market Context
3.1. Global Economic Outlook
3.2. Global Packaging Market Outlook
3.3. Pharmaceutical and Healthcare Industry Outlook
3.4. Anti-Counterfeit Packaging Market Outlook
3.5. Global Active, Intelligent and Intelligent Market Outlook
3.6. Macroeconomic factors
3.7. Prediction factors – Relevance and impact. TOC Details Click Here
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Download a free copy of the FMI white paper on “Smart Packaging for the Circular Economy” in collaboration with Graham Packaging and Avery Dennison
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