Anti-counterfeit Pharmaceutical Packaging Market Size, Share, Growth Report 2032

Anti-Counterfeit Pharmaceutical Packaging Market: Industry Perspective

The global counterfeit pharmaceutical packaging market is estimated to reach USD 255.19 billion by 2028, growing at a 12.58% CAGR during the forecast period from USD 44.01 billion in 2021. This report discusses market research on the counterfeit pharmaceutical packaging market, its growth factors, as well as its challenges. The report also mentions the opportunities available to potential investors in the anti-counterfeit pharmaceutical packaging market, discussing the recent changes due to COVID-19.

Request Free Sample

Anti-counterfeit Pharmaceutical Packaging Market: Overview

Fake medications, like counterfeit goods, are a global problem, with the largest fraud company in the world worth more than $260 billion per year. Anti-counterfeit pharmaceutical packaging has been introduced to the market as a result, thereby maintaining quality, originality, and security. These packages guarantee that the customer is buying authentic medical goods.

In 2016, the worldwide worth of counterfeit drugs was estimated to be between USD 70 and $260 billion, posing a serious threat to people's health all over the world. The rising markets, which are also major drug importers, are the ones that are most affected by this trade.

China, India, South Korea, Brazil, and Turkey have all adopted steps to improve the pharmaceutical industry's supplier safety. Silicon dioxide-based tags are used because they are generally recognized as safe (GRAS) and suitable for human consumption, according to US regulators.

COVID-19 Impact:

The packing industry's supply lines were severely affected as the COVID-19 spread, leading to a shortage of basic materials such as plastics and labeling sheets. There's also a slight reduction in fast-moving consumer goods (FMCG) sales in the first quarter of 2020, as people were concerned about catching COVID from touching packaging materials. On the other hand, verification technology and packaging industries focused on resolving issues such as successfully communicating the benefits of anti-counterfeit wrapping in dealing with pandemic effects and ensuring the quality & safety of their product packaging while keeping a close eye on wellness programs and patient health safety.

Anti-counterfeit Pharmaceutical Packaging Market: Growth Drivers

Increased need for safe drugs to affect the global market positively

The rise of anti-counterfeit pharmaceutical packaging may be related to the increasing need for secure pharmaceutical medication packaging as a result of the expanding number of counterfeit products, which can compromise pharma businesses' reputations as well as patients' health. According to surveys, one out of every ten medical items sold in poor nations is fake or poor. The market for anti-counterfeit pharmaceutical packaging is expected to increase as more policies and regulations for anti-counterfeiting packaging are implemented to tamper evident or counterfeit packaged original and trademark medications.

Request Free Sample

Anti-counterfeit Pharmaceutical Packaging Market: Restraints

High setup costs to restrain the global market growth

Anti-counterfeit packaging requires a high starting cost of development, which discourages the adoption of anti-counterfeit choices, reducing product demand. Furthermore, without proper customer awareness, many existing solutions are easy to replicate restricting business development.

Anti-counterfeit Pharmaceutical Packaging Market: Opportunities

Introduction of edible micro tags to boost market opportunities

A US-based business created a new technology called "micro tag" which is an edible packaging alternative used to identify, authenticate, protect brands, and ensure the purity of medications. Each tag has a unique identifier that can only be detected with the company's specialized equipment. The anti-counterfeit pharmaceutical packaging industry continues to benefit from technical improvements. Over the forecast period, all of these developments and innovations are expected to aid in the revolution of the global anti-counterfeit pharmaceutical packaging market.

Anti-counterfeit Pharmaceutical Packaging Market: Challenges

The booming market for fake drugs and lack of information among customers pose a major threat

Customers' understanding of using these devices to assess an item's inventiveness is a challenge for anti-counterfeit packaging manufacturers. Customers need to be informed about technology so that counterfeit pharmaceutical product sales can be prevented. Developing these solutions costs a lot of money, putting pressure on the sector's growth.

Report Scope:

Anti-counterfeit Pharmaceutical Packaging Market: Segmentation      

The global anti-counterfeit pharmaceutical packaging market is segregated based on technology, application, and region. RFID, security inks or coatings, security visuals, holographic, mass encodings, and others are the segregation of the market depending on types of technology. The RFID industry is predicted to grow at a rapid pace as it is used in labeling data on medicinal products and also used to prevent the duplication of original objects.

Covert characteristics, overt characteristics, forensic signs, tamper-proof, track & trace techniques, and others are the applications of anti-counterfeit pharmaceutical packaging. The track & trace techniques sector will retain a larger part of the market given its technological advancements and application, such as tracking down objects to determine their locations.

Recent Developments

• In 2021, Avery Dennison Corporation purchased Vestcom for USD 1.47 billion increasing its share in the branded labeling market, and improving its position and hold in the market.
• In May 2020, SICPA Industries changed the market landscape and increased competition by launching new varieties of product safety labels, and its assistive technical support that can be used by franchisers in customer service, supply chain management, and enforcement activities.

Anti-counterfeit Pharmaceutical Packaging Market: Regional Landscape

North America to lead the global market in the forecast period                                                                        

North America is the world's greatest pharmaceutical and biologics research hub, exporting biopharmaceutical goods to all corners of the globe. Additionally, firms are investing heavily in exploration, which is expected to drive the anti-counterfeit pharmaceutical packaging market in the region forward.

The surge is attributed to strict anti-counterfeiting legislation, with new drugs requiring a statewide tracking system for all prescription medications. Moreover, the United States' leadership in the global anti-counterfeit pharmaceutical packaging market might be ascribed to notable producers' rising demand for innovative and pricey technology such as RFID.

In the United States, regulatory agencies have adopted regulations requiring identification and transparency as fundamental ways to ensure the protection of public health and reduce risk, which is fueling the need for anti-counterfeit pharmaceutical packaging. On an identical basis, Europe is ranked second. Belgium, Denmark, and Germany are the major European countries to lead the anti-counterfeit pharmaceutical packaging industry. With improvements in the healthcare system, Asia Pacific is likely to gain traction in the anti-counterfeit pharmaceutical packaging industry.

Anti-counterfeit Pharmaceutical Packaging Market: Competitive Landscape

Some drug manufacturers have created teams whose sole purpose is to protect their trademark against counterfeiting and illegal duplication, resulting in an increase in the need for anti-counterfeit pharmaceutical packaging. All of these issues contribute to a rise in the need for anti-counterfeit pharmaceutical packaging where the following companies are playing a major role in the market:

Global Anti-Counterfeit Pharmaceutical Packaging Market Segmentation follows:

• Alien Technology Corp.
• Flint Group
• Alpvision
• Sicapa
• Zebra Technologies
• TraceLink Inc.
• Inksure Technologies
• Catalent Pharma Solution Inc.
• Avery Dennison

By Technology

• Holograms
• Security Printing & Graphics
• Security Ink Coatings
• RFID
• Mass Encoding

By Application

• Covert Characteristics
• Overt Characteristics
• Forensic Indicators
• Tamper Proof
• Track & Trace Techniques
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa