Anti Counterfeit Pharmaceutical & Cosmetic Packaging Market Outlook
The global anti-counterfeit pharmaceutical & cosmetic packaging market size was USD 108 Billion in 2023 and is likely to reach USD 226 Billion by 2032, expanding at a CAGR of 8.5% during 2024–2032. The market growth is attributed to the increasing manufacturing of pharmaceutical and cosmetic products.
The growing emphasis on the safety of pharmaceutical products from getting contaminated and damaged is fueling the market. Anti-counterfeit packaging is made to be extremely difficult to replicate. This packaging protects the health of consumers as well as enables them to make better purchasing decisions, as it ensures that healthcare items are supplied to consumers and healthcare professionals safely and securely. Anti-counterfeiting technologies play a significant role in the pharmaceutical supply chain. The demand for anti-counterfeit packaging has increased since the COVID-19 pandemic.
Increasing demand for pharmaceutical and cosmetic products across the globe is anticipated to boost the demand for anti-counterfeit packaging. These products are required to be securely packaged and appropriately labeled to prevent product damage and injury to consumers. Several strategies, including unique identifiers, tamper-evident seals, and holographic labels, are used to ensure that the product is authentic and safe. Barcodes, digital signatures, and tracking and traceability systems are also used to confirm the legitimacy of the product. These measures enable consumers to purchase genuine products.
The anti-counterfeit packaging market is growing at a rapid pace due to evolving regulatory landscapes, technological advancements, and the need for brand protection. Several pharmaceutical and cosmetics companies are using this packaging to protect their products and maintain brand integrity. Target areas of counterfeit packaging include cosmetics and personal care products, particularly in high-volume and low-value markets. Enforcement initiatives include the Anti-Counterfeiting Trade Agreement (ACTA) and the Business Response Group (BRG), formed by the International Trade Association (INTA) and the International Chamber of Commerce’s Business Action.
Impact of Artificial Intelligence (AI) on the Anti-counterfeit Pharmaceutical & Cosmetic Packaging Market
The integration of artificial intelligence (AI) in the anti-counterfeit pharmaceutical and cosmetic packaging industry has the potential to significantly improve product authentication, supply chain monitoring, risk management, real-time tracking, personalized anti-counterfeiting strategies, and customization for different packaging formats. AI-powered image recognition detects counterfeit products with high accuracy, while blockchain integration creates tamper-proof and transparent records of product origin and movement throughout the supply chain.
AI-powered data analytics identify suspicious patterns and potential counterfeiting activities, enabling proactive risk management strategies. Real-time tracking and tracing provide great transparency and visibility to identify potential points of diversion or counterfeiting. Machine learning algorithms predict future trends and adapt anti-counterfeiting strategies based on specific product types, regions, or distribution channels. AI has the ability to work effectively with diverse packaging formats, ensuring comprehensive protection across different product categories.
Incorporating artificial intelligence (AI) in anti-counterfeit pharmaceutical & cosmetic packaging is projected to help detect counterfeit products with high accuracy and predict future trends. Machine learning for predictive analytics is anticipated to help adapt anti-counterfeiting strategies based on specific product types, regions, or distribution channels.
Anti-counterfeit Pharmaceutical & Cosmetic Packaging Market Dynamics
Major Drivers
Increase in purchasing of over-the-counter (OTC) drugs is a major factor driving the market. Around 80% of drugs used in day-to-day life are ordered online and consumers are embracing e-commerce as convenient option. Since the pandemic, 4.3 million adults across the UK have ordered medicines online for the first time. This rising number of online pharmacies are driving the global market.
Increasing awareness about the safety and efficacy of the pharmaceutical and cosmetic products is fueling the demand for anti-counterfeit packaging. This packaging ensures that pharmaceutical items are transported from the producer to the patient in a safe and effective manner. Therefore, rising demand for proper packaging boosts the market.
Advancements in packaging technology, such as integration of blockchain, AI, and big data analytics, are anticipated to drive the global market during the forecast period. Approval and acceptance of packaging products with advanced inbuilt technologies are significantly driving the global market. Additionally, the increasing number of medicines and cosmetic supplies is boosting the market.
Existing Restraints
High cost of anti-counterfeit packaging is expected to hinder the global market during the projection period. Moreover, difficulties occur in implementing anti-counterfeit technology in other sectors are expected to limit the market growth in the coming years.
Limited acceptance of these packaging technologies in developing nations due to a lack of technical assistance is limiting the market. Additionally, consumers are tricked by barcodes and RFID, making them easy to copy and impeding the market.
Emerging Opportunities
The anti-counterfeit pharmaceutical and cosmetic packaging market is undergoing innovation due to growing concerns about product authenticity and safety. Emerging opportunities in the market include advanced authentication technologies, such as covert and overt security features, biometric authentication, and serialization and track-and-trace systems. Sustainable and eco-friendly solutions, such as biodegradable packaging materials, used in biodegradable and compostable packaging address plastic waste concerns and promote sustainable practices. Incorporating recycled content in anti-counterfeit packaging contributes to a circular economy and reduces the environmental footprint.
Consumer engagement and education are also crucial in combating counterfeiting. Mobile app-based authentication and educational campaigns empower consumers to make informed decisions and combat counterfeiting. Manufacturers cater to consumers by offering cost-effective and scalable anti-counterfeiting technologies, as demand for pharmaceuticals and cosmetics rises in developing countries. Additionally, collaboration with local governments and enforcement agencies is expected to establish a robust anti-counterfeiting ecosystem.
Scope of the Anti-counterfeit Pharmaceutical & Cosmetic Packaging Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Anti-counterfeit Pharmaceutical & Cosmetic Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2023
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Historic Data
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2017–2022
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Forecast Period
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2024–2032
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Segmentation
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Technology (Ink & Dyes, Security Inks, Holograms, Watermarks, Track-and-Trace, Bar Code, RFID, and Taggants) and Applications (Food Packaging, Pharmaceutical Packaging, Over the Counter Drugs, and Prescription Drugs)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M; Alien Technology Corp; AlpVision; Authentix; Avery Dennison Corporation; Graphic Packaging International; Honeywell International Inc.; Impinj Inc.; KISICO GmbH; NanoMatriX International Limited; and Zebra Technologies Corp.
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Anti Counterfeit Pharmaceutical & Cosmetic Packaging Market Segment Insights
Technology Segment Analysis
Based on technology, the anti-counterfeit pharmaceutical & cosmetic packaging market is divided into ink & dyes, security inks, holograms, watermarks, track-and-trace, bar code, RFID, and taggants. The RFID technology segment is expected to expand at a significant growth rate during the projection period due to its high sensitivity and specificity. RFID offers several advantages compared to manual systems or barcodes. It automatically reads the tag of the product, even if the tag is obscured or hidden by an item. Enhanced security, accuracy, and efficiency and increased performance with 99.9% reliability, of RFID boost the segment.
The track-and-trace technology segment is expected to grow significantly during the forecast period owing to the development of blockchain technology and the Internet of Things (IoT), which enable improved asset monitoring and transaction recording. The advent of novel technologies, such as blockchain and digital identities, and the aspirations of retailers and brand owners to enhance supply chain efficiency and tackle the threat of counterfeit merchandise propels the segment.
Applications Segment Analysis
On the basis of applications, the global market is segregated into food packaging, pharmaceutical packaging, over-the-counter drugs, and prescription drugs. The pharmaceutical packaging segment is anticipated to register a considerable CAGR in the coming years due to the rising concerns about the safety and protection of drugs from getting damaged or contaminated. Moreover, increasing R&D activities in the development of advanced packaging, which are lightweight, durable, and sustainable, is boosting the segment.
Regional Analysis
In terms of region, the global anti-counterfeit pharmaceutical & cosmetic packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period owing to the rising demand for pharmaceutical and cosmetic products. According to AstraZeneca, North America is expected to sell pharmaceutical products of USD 706 billion by 2025. Additionally, the technological advancements by pharma and cosmetic manufacturing companies and large disposable income in this region fuel the regional market.
Segments
The anti-counterfeit pharmaceutical & cosmetic packaging market has been segmented on the basis of
Technology
- Ink & Dyes
- Security Inks
- Holograms
- Watermarks
- Track-and-Trace
- Bar Code
- RFID
- Taggants
Applications
- Food Packaging
- Pharmaceutical Packaging
- Over the Counter Drugs
- Prescription Drugs
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 3M
- Alien Technology Corp.,
- AlpVision
- Authentix
- Avery Dennison Corporation
- Graphic Packaging International
- Honeywell International Inc.
- Impinj Inc.,
- KISICO GmbH
- NanoMatriX International Limited
- Zebra Technologies Corp.,
Competitive Landscape
Key players competing in the global anti-counterfeit pharmaceutical & cosmetic packaging market are 3M; Alien Technology Corp; AlpVision; Authentix; Avery Dennison Corporation; Graphic Packaging International; Honeywell International Inc.; Impinj Inc.; KISICO GmbH; NanoMatriX International Limited; and Zebra Technologies Corp.
These companies adopt development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
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In September 2022, Graphic Packaging International announced a novel serialization solution for pharmaceutical space packaging. The new system was supposed to make data management pharma compliance easy and solve the problems related to the distribution of fake goods. The company added that its system handles lengthy and intricate coding specifications.
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In September 2022, KISICO GmbH partnered with Colysis GmbH, a provider of cloud-based touchpoint technology, and develop a secure and intelligent closure for medical equipment that has an NFC tag. The NFC-tagged closure is developed to deliver digital information and prevent counterfeit in medical products. Furthermore, according to KISICO, the majority of their closure designs are compatible with NFC tags, and each tag and closure are customized to fit the needs of the bottle or product.
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In January 2022, Optel Group, a major supply chain traceability company, announced that it acquired the Track and Trace division of Körber Business Area Pharma, a significant global technology company. The acquisition allows Optel Group to achieve its diversification goals by giving the company a second footing in the European market and enabling it to leverage the unit's competence in pharmaceutical and agrochemical track-and-trace systems.
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In July 2021, Authentix acquired Strategic IP Information Pte Ltd (SIPI), an online provider of trademark and content rights protection. The acquisition allows Authentix to expand its digital security technology portfolio to encompass online content rights management and anti-counterfeiting solutions, broadening the range of services available to clients seeking brand protection.
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