3 Jun 2019 California; The global anti-counterfeit packaging market is expected to reach USD 184.87 billion by 2025, according to a new report by Grand View Research, Inc. Increasing concerns pertaining to the losses incurred by goods manufacturers through the sales of counterfeit products is expected to drive the industry growth.
The industry is expected to be driven by the rising consumer concerns regarding the harmful effects regarding the usage of counterfeit products. High risk of health damage caused by the use of spurious pharmaceutical products coupled with the growth of the counterfeit pharmaceutical products are expected to emerge as the major factors responsible for the growth
The industry exhibits the presence of a number of manufacturers and technology providers, involved in strategies such as new product development and capacity expansion to increase their overall presence. In addition, the companies in the industry maintain high levels of secrecy with respect to the product technology to ensure product security.
The global anti-counterfeit packaging market is characterized by a number of regulations and laws, mandating the levels of security to be ensured in various stages across the application industries. The industry is characterized by increasing levels of product innovations to meet the client requirements for the protection of goods across the supply chain.
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Further key findings from the report suggest
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www.grandviewresearch.com/industry-analysis/anti-counterfeiting-packaging-market
Grand View Research has segmented the global anti-counterfeiting packaging market on the basis of product, application, and region:
Product Outlook (Revenue, USD Million, 2014 - 2025)
Application Outlook (Revenue, USD Million, 2014 - 2025)