The global Anti-Counterfeit
Pharmaceuticals and Cosmetics Packaging Market
share report provides numbers for applications and regional segments of the
industry covering historical as well as forecast data for decision makers.
Anti-Counterfeit Pharmaceuticals and
Cosmetics Packaging Market size will witness a substantial growth due to
increasing awareness among consumers and manufacturers towards the side effects
of fake goods. Growth in international free trade and inadequate drug
regulation has led to an expansion of counterfeit drugs globally. Technologies
including track and trace have been launched to avoid imitation of the
products.
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This technology has emerged as
one of the best ways to prevent forged good manufacturing in the cosmetics
segment. Emerging technologies that includes authentication, RFID and
serialization has encouraged the anti-counterfeit pharmaceuticals and cosmetics
packaging market. Imitation can be done in the product, container, labelling or
packing. It can apply both on generic as well as branded products.
The government regulation
against forged goods is driving the demand for anti-counterfeit pharmaceuticals
and cosmetics packaging market. Stringent government regulations regarding
usage of barcodes and advance packing by manufacturers is projected to fuel
industry demand.
The supply chain of
anti-counterfeit pharmaceuticals and cosmetics packaging market begins from
medicine and cosmetic product manufacturers. The security of the products can
be strengthened by innovative packing and removal of intermediaries. The
anti-counterfeit measures include methods, techniques and devices that aid to
the protection of product while moving it from factories to the final customer.
Browse key industry insights from the report Anti-Counterfeit Pharmaceuticals and Cosmetics Packaging Market in
detail along with the table of contents:
The challenges that the anti-counterfeit pharmaceuticals and cosmetics
packaging market is facing includes poor regulation, higher number of
intermediaries and lack of awareness. High cost of the technology, and impact
on the products supply chain are some the factors that is restraining the growth
of the technology. The changing trend in the beautifying industry from branded
products to monotonous skin care products that are sold across the native
places has increased the risk of imitated goods.
The anti-counterfeit pharmaceuticals and cosmetics packaging is available
in several forms based on the technology used, that includes, track and trace,
RFID, serialization, authentication and barcodes. On the basis of application, the technology
is used in pharmaceutical and cosmetic industries.
Asia Pacific, led by India, China and Japan will witness descent growth
in anti-counterfeit pharmaceuticals and cosmetics packaging market. According
to the notice issued by directorate general of foreign trade, all the exported
goods in India will be tracked and traced using barcodes. This will help in
identification of forged material in the slot.
MEA is the
fastest growing economy for anti-counterfeit pharmaceuticals and cosmetics
packaging market in beauty and personal care products. Rise in the beauty and
personal care industry will increase the chances of forged goods that will help
the anti-counterfeit pharmaceuticals and cosmetics packaging market to grow.
North
America, led by the U.S. will witness subsequent growth in the anti-counterfeit
pharmaceuticals and cosmetics packaging market. Increase in the pharmaceutical
industry will drive the demand for the technology as the region alone holds
over 40% of the market worldwide. It is hosting major companies that includes
Johnson & Johnson, Pfizer and Merck. Besides, this region has always been a
pioneer in medical research and development that will provide support to the
product demand.
Key players
in the anti-counterfeit pharmaceuticals and cosmetics packaging market includes
Alien Technology, AlpVision, Flint Group, Pharma Secure, Sicapa, Authentix,
Zebra Technology, Inksure, Impinj, Bayer and Avery Dennison. In July 2016,
AlpVision signed a distribution contract for its cryptoglyph technology with a
Japanese IT firm, ISID. The agreement is for packing of goods. In the
partnership, the companies not only hope to respond to the increasing number of
forged products, but even for fake medicine, particularly those sold on the
websites that are operated by foreign drug vendors located in Singapore and
Hong Kong. The companies are even planning to expand their share and brand
image in other countries of the world.
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