The global anti-counterfeit pharmaceutical packaging market is projected to experience significant growth at a rate of 8.4% between 2022 and 2027. By the year 2027, it is anticipated to reach a valuation of US$ 149.1 billion.
In 2018, the global anti-counterfeit packaging market was valued at around US$ 70 billion, creating an opportunity worth US$ 3.5 billion specifically for anti-counterfeit technology in the pharmaceutical sector. During the forecast period, the global anti-counterfeit pharmaceutical packaging market is expected to grow at a compound annual growth rate (CAGR) of 8.4%.
This growth is driven by several factors, including the increasing prevalence of counterfeit drugs and the need to protect consumers from these counterfeit products. Counterfeit pharmaceuticals pose a significant risk to public health and safety, making anti-counterfeit packaging solutions crucial in ensuring the authenticity and integrity of pharmaceutical products.
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Governments and regulatory authorities are also implementing stricter regulations to combat counterfeit drugs, which further drives the demand for anti-counterfeit pharmaceutical packaging. Pharmaceutical companies are increasingly adopting advanced packaging technologies, such as track-and-trace systems, holograms, tamper-evident labels, and unique identification codes, to enhance product security and traceability.
Additionally, the growing pharmaceutical industry, advancements in packaging technologies, and increasing awareness among consumers about counterfeit drugs contribute to the growth of the anti-counterfeit pharmaceutical packaging market.
Overall, the market is expected to experience substantial growth in the coming years, offering significant opportunities for manufacturers and suppliers of anti-counterfeit packaging solutions in the pharmaceutical sector.
Key Takeaways
- Enforcement of appropriate measures to prevent illegal drug channeling in the market tends to drive the anti-counterfeit pharmaceutical packaging market growth.
- The anti-counterfeit pharmaceutical packaging market is responding at a positive growth rate, which is likely to continue during the forecast period.
- Innovation of new technology known as “micro tag” has been developed which is an edible one meant for identification, authentication, brand protection, and quality assurance of medicines are likely to spur sales in the anti-counterfeit pharmaceutical packaging market.
- Technological advancements continue to create opportunities for the anti-counterfeit pharmaceutical packaging market. Such factors are likely to help in revolutionizing anti-counterfeit pharmaceutical packaging products during the forecast period.
- North America & Europe cumulatively account for approximately half of the market share in the anti-counterfeit pharmaceutical packaging market.
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Competitive Landscape
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 are some of the key companies profiled in the full version of the report.
Some pharma companies have set up departments whose primary function is to safeguard their brand name from counterfeiting and illicit replication, thereby raising the demand for anti-counterfeit pharmaceutical packaging.
With the advancement in technology, pharmaceutical manufacturers are also integrating innovative options with conventional solutions such as integrating authentication and track & trace elements. All these factors support an increase in demand for anti-counterfeit pharmaceutical packaging products. Tier II pharma companies also prefer similar approaches.
More Insights into the Anti-counterfeit Pharmaceutical Packaging Market
North America is the largest pharmaceuticals and biologics research hub that exports bio-pharma products across all geographies. Moreover, companies are making significant investments in research, which is likely to boost the growth of the anti-counterfeit pharmaceutical packaging market in the region.
The United States is anticipated to account for approximately 90% of North America’s anti-counterfeit pharmaceutical packaging market share in terms of value. The growth is reflected because of the stringent laws regarding anti-counterfeit activities.
The dominance of the United States in the anti-counterfeit pharmaceutical packaging market is attributed to an increasing preference for advanced and expensive technologies such as RFID by prominent manufacturers.
Europe stands second on similar grounds. The first three regions leading the anti-counterfeit pharmaceutical packaging market in Europe are Denmark, Belgium, and Germany.
The Asia-Pacific is expected to pick up pace in the anti-counterfeit pharmaceutical packaging market going forward with improvement in healthcare infrastructure.
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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
By Region:
- North America Anti-Counterfeit Pharmaceutical Packaging Market
- Latin America Anti-Counterfeit Pharmaceutical Packaging Market
- Europe Anti-Counterfeit Pharmaceutical Packaging Market
- East Asia Anti-Counterfeit Pharmaceutical Packaging Market
- South Asia Anti-Counterfeit Pharmaceutical Packaging Market
- Oceania Anti-Counterfeit Pharmaceutical Packaging Market
- Middle East & Africa (MEA) Anti-Counterfeit Pharmaceutical Packaging Market
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