Latest
industry research report on: Global Anti-counterfeit Pharmaceuticals
Packaging Market : Industry Size, Share, Research, Reviews,
Analysis, Strategies, Demand, Growth, Segmentation, Parameters,
Forecasts
Counterfeiting is gravely
impacting the pharmaceuticals industry by causing substantial losses
in terms of revenue and credibility. Counterfeit pharmaceutical
products, labelled with the names of original and legitimate product
manufacturers are entering local markets globally. This has become a
matter of serious concern for pharmaceutical companies, and the
threat of lawsuits is a constant worry. Players in the pharmaceutical
industry around the globe are increasingly working on ways to stop
counterfeit products from penetrating the markets in order to prevent
negative impact on their sales revenue and brand image.
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Counterfeit
pharmaceutical products are so very well packed that normal
identification techniques are unable to differentiate between
legitimate or original packaging and counterfeit ones. These products
then end up being sent to the retail market for sale. Forged
products, due to sub-standard quality, pose severe health concerns
among consumers, which results in steadily diminishing brand image of
original products. Each year, multi-million dollar losses are
incurred by players in the global pharmaceutical industry due to
presence of counterfeit products in their supply chain.
Pharmaceutical
products are one of the basic needs of consumer and this high need
for medication invariably results in them coming in contact with
counterfeit products due to the abundant availability of such
products in local markets. Anti-counterfeit pharmaceuticals packaging
has emerged as one of the most effective solutions to limit
counterfeiting in the pharmaceutical industry. Growing incidence of
counterfeiting in the pharmaceutical industry is resulting in
increasing demand for anti-counterfeit pharmaceuticals packaging.
This market is expected to expand at a significantly high growth rate
over the forecast period as a result.
Innovation
in anti-counterfeit packaging technology and growing awareness among
end-users are factors attributing majorly to growth of the
anti-counterfeit pharmaceuticals packaging market. Government
regulations in various countries across the globe is prompting
players in the global market to invest more in advanced
anti-counterfeit technologies. Due to these factors, the
anti-counterfeit pharmaceuticals packaging market is expected to
account for substantially high revenue growth over the forecast
period.
High
capital expenditure of anti-counterfeit technology systems and their
impact on the product distribution system and supply chain network of
companies is making investors a little hesitant to set up
manufacturing plants. These are some of the factors that are expected
to act as restraint to the growth of the anti-counterfeit
pharmaceuticals packaging market over the forecast period.
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The global anti-counterfeit
pharmaceuticals packaging market is segmented on the basis of
technology and regions. The technology segment is categorized into
authentication packaging technology and track and trace packaging
technology. The authentication technology is further sub-segmented
into ink & dyes, holograms, watermarks and taggants. The track
and trace packaging technology segment is sub-segmented into barcode
technology and RFID technology.
Geographically, the global
anti-counterfeit pharmaceuticals packaging market is segmented into
seven main regions namely North America, Latin America, Western
Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East &
Africa, and Japan. Due to higher consumer awareness, North America is
expected to hold largest market share in the global anti-counterfeit
pharmaceuticals packaging market, followed by Europe. The market in
Asia Pacific is also expected to grow at a significant rate, adding
more value to the global anti-counterfeit pharmaceuticals packaging
market over the forecast period.
Some key players in the global
market include Zebra Technologies, Alien Technology Corp., AlpVision,
Avery Dennison Corp., SICPA HOLDING SA, Microtrace, LLC, Impinj, Inc.
and others.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. Geographies analyzed under this research
report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides
comprehensive analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this
Report
This report provides
pin-point analysis for changing competitive dynamics
It provides a forward
looking perspective on different factors driving or restraining
market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
It helps in understanding
the key product segments and their future
It provides pin point
analysis of changing competition dynamics and keeps you ahead of
competitors
It helps in making informed
business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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