Trending...
- New Rochelle: Department of Parks & Recreation Announces Summer Programming in Neighborhood Parks
- 2021 Community Garage Sales and Superfleas Return to the City of Rochester Public Market
- EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit on Behalf of Champignon Brands Inc. Investors – SHRMF
The anti-counterfeit packaging market size is predicted to generate a revenue of $208.3 billion by 2023.
NEW YORK - Nyenta -- The increasing concerns being raised many product manufacturing organizations in several countries over the losses incurred due to the sales of counterfeit products are causing a sharp rise in the demand for anti-counterfeit packaging solutions across the world. In addition to this, the concerns being raised by several pharmaceutical organizations over the damages caused due to the usage of spurious products are augmenting the demand for anti-counterfeit packaging technologies around the world.
Depending on technology, the market is divided into track & trace, forensic, overt, and covert categories. Amongst these, the track & trace category recorded the highest growth in the market in the past. This was because of the large-scale usage of packaging technologies that allow manufacturing organizations to track and trace their shipments and mitigate the occurrence of technological impediments. Based on application, the anti-counterfeit packaging market is classified into food & beverage, pharmaceutical & healthcare, and clothing & apparel.
More on Nyenta.com
Out of these, the pharmaceutical & healthcare category registered the highest growth in the market during the last few years. The emergence of online pharmacies, the huge involvement of various under-regulated wholesalers and retailers, and the low production costs are encouraging the manufacturing companies to adopt anti-counterfeit packaging solutions. Furthermore, the implementation of government regulations and policies makes it necessary for packaging companies and manufacturers to adopt these technologies in order to ensure the quality of their products.
Geographically, the anti-counterfeit packaging market (https://www.psmarketresearch.com/market-analysis/anti-counterfeit-packaging-market) registered the highest growth in North America in the past years, as per the observations of P&S Intelligence, a market research company based in India. This was because of the huge production capacities of organizations working in the food and beverages, clothing and apparels, and pharmaceutical industries in the U.S., Mexico, and Canada. The market is predicted to record the fastest growth in the Asia-Pacific (APAC) region in the future.
More on Nyenta.com
Hence, it can be said with full confidence that the demand for anti-counterfeit packaging solutions will explode all over the world in the upcoming years, primarily because of the rising concerns being raised over the sales of counterfeit products by various organizations across different verticals.
Depending on technology, the market is divided into track & trace, forensic, overt, and covert categories. Amongst these, the track & trace category recorded the highest growth in the market in the past. This was because of the large-scale usage of packaging technologies that allow manufacturing organizations to track and trace their shipments and mitigate the occurrence of technological impediments. Based on application, the anti-counterfeit packaging market is classified into food & beverage, pharmaceutical & healthcare, and clothing & apparel.
More on Nyenta.com
- Medley Announces Key Executive Promotions
- ACEDS and TRU Staffing Partners Announce Expanded Partnership
- VanEck Announces Revised Net Asset Value Information for VanEck Vectors® Digital Transformation ETF (DAPP)
- Cape Coral, Fort Myers, Naples Real Estate Broker CEO Is Concerned About The 17 Million Americans Behind on Their Mortgage Payments
- The Block announces the successful close of a management buyout to form the only employee-owned firm in crypto research, news and information services
Out of these, the pharmaceutical & healthcare category registered the highest growth in the market during the last few years. The emergence of online pharmacies, the huge involvement of various under-regulated wholesalers and retailers, and the low production costs are encouraging the manufacturing companies to adopt anti-counterfeit packaging solutions. Furthermore, the implementation of government regulations and policies makes it necessary for packaging companies and manufacturers to adopt these technologies in order to ensure the quality of their products.
Geographically, the anti-counterfeit packaging market (https://www.psmarketresearch.com/market-analysis/anti-counterfeit-packaging-market) registered the highest growth in North America in the past years, as per the observations of P&S Intelligence, a market research company based in India. This was because of the huge production capacities of organizations working in the food and beverages, clothing and apparels, and pharmaceutical industries in the U.S., Mexico, and Canada. The market is predicted to record the fastest growth in the Asia-Pacific (APAC) region in the future.
More on Nyenta.com
- Rochester: Appointments Available at Vaccination Sites This Weekend
- hellowater®, the Water That Works™ brand launches hellowater Defense power by CYTO+
- Celebrate Golden Week in Tokyo with 1,000 Colorful Carp Streamers
- Astronics Establishes Muirhead Avionics, a division of AMETEK®MRO, as Approved Calibration Service Center for Europe, U.K. and Middle East
- Global Esters Market Analysis, Share, Growth Drivers and Future Analysis
Hence, it can be said with full confidence that the demand for anti-counterfeit packaging solutions will explode all over the world in the upcoming years, primarily because of the rising concerns being raised over the sales of counterfeit products by various organizations across different verticals.
Source: P&S Intelligence
Filed Under: Business
0 Comments
Latest on Nyenta.com
- Islip Arts Council and AARP Announce Virtual Open Call for Forever Young Exhibit
- What should you know about temporary fence panels?
- PocketSuite Partners With ShearShare to Help Stylists Boost Business
- KBRA Assigns Preliminary Ratings to CoreVest American Finance 2021-1
- The Anderson Group Real Estate Services' New Concierge Program Aims To Help Nashville-area Homeowners Sell For Top Dollar
- Hike, Run & Have Fun with Your Dog This Spring!
- Identity Podcast Be Mindful Feat. Lesley Webb
- Winners Announced for TRU Staffing Partners Scholarship Program 2021
- S-Docs Achieves FedRAMP Moderate and DoD IL-4 Compliance
- GBKSOFT launches Delivery Department
- AdvisorSmith Finds the Most and Least Profitable Types of Property & Casualty Insurance
- Bronx ACS Lawyer Announces Dismissal Of OCFS Indicated Case
- Wealthspring Capital Debuts SPAC Hedge Fund
- The Environmental Cost of Retail Returns Explored in Coresight Research's New Report, The Hidden Cost of Retail Returns, Commissioned by Newmine
- Biostimulants Market Share, Key Players, Growth and Future Analysis
- JPMorgan Chase Targets More Than $2.5 Trillion over 10 Years to Advance Climate Action and Sustainable Development
- West Coast Customs icon launches "CarCoin" NFT, giving away an original WCC designed vehicle to celebrate
- Columbia Care Launches First of Its Kind Medical Cannabis Capsule in UK; Provides More Precise Dosing Option and Longer Lasting Therapeutic Benefits for Physicians and Patients
- Cobwebs Technologies WEBINT Platform Enables Enterprises to Obtain Open-Source Intelligence to Enhance Their Risk Detection and Strengthen Their Assets Protection
- 2021 Community Garage Sales and Superfleas Return to the City of Rochester Public Market