The global anti-counterfeit pharmaceutical packaging market is expected to grow on an opulent note at the rate of 8.4% between 2022 and 2027. It could reach US$ 149.1 Billion by the year 2027.
The Anti-counterfeit Pharmaceutical Packaging Market has witnessed substantial growth in recent years due to the rising concerns surrounding counterfeit drugs. As per the World Health Organization (WHO), around 10% of medical products circulating in low and middle-income countries are counterfeit, posing a grave threat to patient safety. To address this issue, pharmaceutical companies are increasingly adopting anti-counterfeit packaging technologies to protect their products and safeguard public health.
The use of anti-counterfeit technologies such as RFID, holograms, and barcode scanning is increasing in the pharmaceutical industry to combat counterfeiting. RFID technology is expected to hold a significant share of the anti-counterfeit pharmaceutical packaging market due to its ability to provide real-time tracking and monitoring of products.
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The Market Landscape of Anti-counterfeit Pharmaceutical Packaging
The Anti-counterfeit Pharmaceutical Packaging Market is experiencing rapid growth, driven by the increasing adoption of anti-counterfeit measures in the pharmaceutical industry. Here are some key market insights:
- Market Size and Growth: The global anti-counterfeit pharmaceutical packaging market is projected to reach a value of $5.28 billion by 2027, growing at a CAGR of 12.4% from 2021 to 2027. This growth is primarily attributed to the rising prevalence of counterfeit drugs and the implementation of stringent regulations by regulatory authorities.
- Technological Innovations: The market is witnessing significant advancements in anti-counterfeit packaging technologies. These innovations include the use of holograms, tamper-evident seals, unique identification codes, RFID tags, and track-and-trace systems. These technologies provide enhanced security and enable real-time tracking of pharmaceutical products throughout the supply chain.
- Regional Market Dynamics: North America currently dominates the anti-counterfeit pharmaceutical packaging market, owing to the stringent regulations and the presence of key market players in the region. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing pharmaceutical production and the need to combat counterfeit drugs in emerging economies.
Developing Economies to Hold Promising Investment Opportunities during the Forecast Period
China & Japan cumulatively account for more than half of the total Asia Pacific anti-counterfeit pharmaceutical packaging market. This is accredited to the fastest-growing pharmaceutical market, particularly on the back of increasing number of population, coupled with rising regulations in pharmaceutical sector of China and India. The economical manufacturing environment and developing economy are vital factors driving the anti-counterfeit pharmaceutical packaging market in the APAC region.
Growing penetration of local manufacturers in their respective regions also fuels the anti-counterfeit pharmaceutical packaging market growth in the region. Furthermore, developing economies of Latin America such as Mexico and Argentina are expected to have potential in the anti-counterfeit pharmaceutical packaging market during the forecast period. Illegal sale of pharmaceutical drugs is a growing concern, most particularly in developing countries of Latin America where the lack of healthcare concern forces people to seek cheaper drugs.
This is hamstringing the anti-counterfeit pharmaceutical packaging market growth. In the absence of effective system and regulations, the market of counterfeit drugs and other medical supplies has been increased. Also, semi-legal copying of branded drugs by legitimate local companies would remain a high-profile problem. All these factors will create an impact on the growth of the anti-counterfeit pharmaceutical packaging in the coming years.
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Approach towards Electronic Track and Trace to Secure the Supply of Drugs
For secure supply of drugs from manufacturers to end users, one of the key requirements is the ability to trace, validate, and verify the authenticity of the drug at each and every stage of the supply chain. It is expected to boost the demand for anti-counterfeit pharmaceutical packaging in the near future. In electronic track and trace technology, each unit is serialized and allows building the drug pedigree.
These pedigrees include information about manufacturers, distributors, and wholesalers who handles the drug. This helps in tracing the product at any stage and reduces counterfeiting, which stimulates the anti-counterfeit pharmaceutical packaging market growth.
Increased Number of Self-prescribed Patients Opting for Less Expensive Pharma Products
~ 5% of the U.S adults are using medication without any professional prescription. Increase in number of self-prescribed patients is hampering the anti-counterfeit pharmaceutical packaging market. Sometimes, end users of pharma products opt for counterfeit products, as they are less expensive compared to the original medications. This perception of patients is restraining the anti-counterfeit pharmaceutical packaging market growth.
Global Anti-Counterfeit Pharmaceutical Packaging Market: Competitive Landscape
Anti-counterfeit pharmaceutical packaging manufacturers have taken steps to tackle the menace of counterfeited medicines through innovative packaging techniques, which is still in the infancy stage but future looks promising. Advancement in technology is expected to spur the demand for anti-counterfeit pharmaceutical packaging products. Large pharmaceutical companies such as Pfizer and GlaxoSmithKline have introduced RFID tags on the packaging of Viagra and Trizivir, an HIV treatment product, which is driving the anti-counterfeit pharmaceutical packaging market growth.
Some of the key players in the global anti-counterfeit pharmaceutical packaging market are
- Alien Technology
- ATL Security Label Systems
- CCL Industries
- SICPA Holdings
- Schott AG
- Gerresheimer AG
- Klockner Pentaplast Group
- Ardagh Group S.A.
- Nipro Corporation
- Authentix Inc.
- TruTag Technologies Inc.
- Zebra Technologies Corporation
- Alpvision SA
- OpSec Security Inc.
- Savi Technology Inc.
- 3M
- Stevanato Group.
Key Segments Covered in Anti-Counterfeit Pharmaceutical Packaging Industry Research
By Packaging Format :
- Bottles & Jars
- Vials & Ampoules
- Blisters
- Trays
- Pouches & Sachets
- Others (Tubes, Syringes, etc.)
By Printing Technology :
- RFID
- Security Inks & Coatings
- Security Seals
- Holograms
- Mass Encryption
- Barcode
- Mass Serialization
By Adhesion :
- Permanent
- Removable
- Repositionable
By End-application :
- Pharma & Biological
- Medical & Supplies
- Gloves
- Scissors
- Syringes & Needles
- Surgical Tapes
- Others
- Medical Equipment
- Surgical
- Therapeutic
- Diagnostic
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