Anti-Counterfeit Pharmaceutical & Cosmetic Packaging Market to Grow at 15.3% CAGR by 2030
Anti-counterfeit pharmaceutical and cosmetic packaging Industry is expected to grow at the CAGR of 15.3% and is expected to reach USD 335.90 Bn in 2030, according to a new research report by Next Move Strategy Consulting.
According to the report, the global anti-counterfeit pharmaceutical and cosmetic packaging market growth is driven by prevalence of various diseases which has led to increase in demand for the pharmaceutical products, increasing number of pharmaceutical companies, and rising healthcare spending. Growing geriatric population, rising the prevalence of chronic diseases, and advancement in anti-counterfeit pharmaceutical and cosmetic packaging technology have boosted the growth of the anti-counterfeit pharmaceutical and cosmetic packaging market. Increasing government support for Research & Development (R&D) and increasing availability of findings for research will change the anti-counterfeit pharmaceutical and cosmetic packaging market trends. However, strict rules for the manufacturing of the pharmaceutical products, limited availability of the raw material and high cost of the anti-counterfeit pharmaceutical and cosmetic packaging is responsible for restraining the anti-counterfeit pharmaceutical and cosmetic packaging market growth of the during the forecasted period.
On the basis of type, the global anti-counterfeit pharmaceutical and cosmetic packaging market are segmented into ink and dyes, and track and trace technology. Ink and dyes is further segmented into holograms, watermarks, and taggants. Whereas, track and trace technology is sub segmented into barcode technology, and RFID technology.
By application, market is segmented into pharmaceuticals (over the counter drugs and prescription-based drugs) and cosmetics and personal care. Pharmaceuticals dominate the anti-counterfeit pharmaceutical and cosmetic packaging market in terms of application. Presence of huge pharmaceutical companies, rising demand for the pharmaceutical products, and increasing prevalence of various diseases have duelling the overall market growth.
Regionally, the global anti-counterfeit pharmaceutical and cosmetic packaging market is majorly segmented into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America accounts for the largest share in the global anti-counterfeit pharmaceutical and cosmetic packaging market owing to the well-developed healthcare sector, presence of huge number of pharmaceutical companies and huge patient pool. Additionally, rising government support for research and development have supported the anti-counterfeit pharmaceutical and cosmetic packaging market growth. Europe holds the second leading market owing to the availability of funds and strong government support and the presence of leading players. The Asia Pacific is the fastest growing market owing to the presence of a huge patient pool, developing economies, increasing government support, and rising geriatric population. Presence of rapidly developing economies in this region has supported the growth of the market. However, Latin America and the Middle East and Africa holds the least share in the market.
According to the report, some the key players in the anti-counterfeit pharmaceutical and cosmetic packaging market are Inksure Technologies, Alien Technology Corp., Flint Group, Impinj Incorporation, Avery Dennison, Alpvision, Zebra Technologies, Authentix Inc. Honeywell (Datamax-O'Neil), and Sicapa.
Browse key industry insights spread across 192 pages with 231 market data tables & 30 figures & charts from the report at https://www.nextmsc.com/report/anti-counterfeit-pharmaceuticals-and-cosmetics-packaging-market in detail along with the table of contents:
Key Insights from the Anti-counterfeit pharmaceutical and cosmetic packaging Market Report:
- North America dominates the global anti-counterfeit pharmaceutical and cosmetic packaging market owing to the well-developed pharmaceutical sector, huge spending on the labelling and packaging and continuously increasing demand for the pharmaceutical products.
- The major player in the global market are Inksure Technologies, Alien Technology Corp., Flint Group, Impinj Incorporation, Avery Dennison, Alpvision, Zebra Technologies, Authentix Inc. Honeywell (Datamax-O'Neil), and Sicapa.
The report anti-counterfeit pharmaceutical and cosmetic packaging market – segmented by technology, application and geography
Anti-counterfeit pharmaceutical and cosmetic packaging Market, Segmented By Technology
- Ink and Dyes
- Holograms
- Watermarks
- Taggants
- Track and trace technology
- Barcode technology
- RFID technology
Anti-counterfeit pharmaceutical and cosmetic packaging Market, Segmented By Application
- Pharmaceuticals
- Over the counter drugs
- Prescription based drugs
- Cosmetics and personal care
Anti-counterfeit pharmaceutical and cosmetic packaging Market, Segmented by Geography
North America
- United States
- Canada
- Rest of North America
South America
- Brazil
- Rest of South America
Europe
- Russia
- Germany
- United Kingdom
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East & Africa
- Israel
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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