Anti-counterfeiting set to grow

The global anti-counterfeit packaging market is projected to reach US$206bn by 2021, at a CAGR of 14.0 per cent, with most of the growth coming from the Asia Pacific region.

The figures come from a report by market research firm MarketsandMarkets, which claims China and India look likely to drive the Asia-Pacific anti-counterfeit packaging market, with China predicted to dominate the region by 2021.

According to MarketsandMarkets, ‘pharmaceutical and healthcare of the end-use sector is projected to be the fastest-growing segment in the anti-counterfeit packaging market during the forecast period, to prevent the counterfeiting of medicines and healthcare products. On the basis of technology, the RFID segment is projected to grow at a highest rate in the forecast period due to its ability to read and capture information stored on the tag attached to the product.’

MarketsandMarkets says “As the anti-counterfeit packaging market in developed countries is maturing, the markets in China and India are projected to grow at higher rates to 2021. The Asia-Pacific region is projected to register the highest growth rate during the forecast period due to increasing awareness among consumers which has led to more consciousness about product-related information before actual consumption, thereby increasing the demand for anti-counterfeit packaging in this region.”

Source: Asian Printer