Global
Anti-Counterfeit Pharmaceutical and Cosmetics Packaging Market - Industry Analysis, Size, Growth, Trends, Opportunities, and
Forecast, 2014-2020 forecasts the anti-counterfeit pharmaceutical and cosmetics
packaging market to grow at a CAGR of 15.7% during 2015-2020. The hologram
authentication technology segment accounted for about 52% share in 2014 and
would continue to lead the market through 2020, mainly due to varied products
and economic pricing. E-pedigree authentication technology would be the fastest
growing segment among RFID anti-counterfeit technologies market, estimated to
grow at a CAGR of 21.5% during 2015-2020.Counterfeiting of pharmaceutical and
cosmetic products have emerged as a serious concern for the original product
manufacturers. Life threatening consequences due to counterfeit pharmaceutical
and cosmetics products have increased the risk of losing brand equity and
revenue by the manufacturers, which in turn, fuels the demand for
anti-counterfeit technologies.
Authentication packaging technology garnered a
promising market share as compared to track and trace technologies in 2014.
However, the growing adoption of track and trace technologies, such as RFID,
Barcode and ePedigree, in product tracking and inventory management would
surpass the authentication technology segment by 2020. The emerging product
tracking technique, "ePedigree track and trace," would consolidate
its position in the track and trace technology market over the forecast period.
This is due to the mandatory drug safety and authentication regulatory impositions.
Factors, such as higher cost of track and trace technology, limited awareness
about product security, and complex operational procedures, would hinder the
market growth. However, active initiatives from anti-counterfeit trade
associations, and pharmaceutical companies would endorse the adoption of
anti-counterfeit technologies.
Key finding of
the study:
- The ePedigree authentication application held market share of about 12.2% in RFID technologies segment in 2014, and is expected to see rapid growth over the forecast period
- North America will continue to lead the global market throughout the forecast period
- Asia-Pacific is projected to be the fastest growing region during 2015-2020
North America and Europe collectively accounted for
most of the market revenue in 2014, thus, are considered as potential regions
in the global pharmaceutical and cosmetics anti-counterfeit packaging market.
Higher adoption rate of traceable technologies by manufacturers and active
measures taken by the government, pharmaceutical companies and anti-counterfeit
trade associations largely contribute to the growth of the market in these
regions. Asia-Pacific would be the fastest growing region largely supplemented
by the presence of large number of pharmaceutical and cosmetics manufacturers.
Product launch, acquisitions, and collaborations are
the key strategies adopted by manufacturers to sustain in the market. Key
players profiled in this report are Alien Technology Corp., Alpvision, Zebra
Technologies, Inksure Technologies, Avery Dennison, Flint Group, Impinj, Inc.,
Honeywell (Datamax-O'Neil), Authentix, Inc. and Sicapa.
For
further information on this report, please visit-
http://mrr.cm/4zf
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