The global pharmaceuticals and food anti-counterfeiting technologies market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is estimated to rising demand for advanced technologies.
Original pharmaceutical and food product is called as counterfeiting. Some major technology linked with anti-counterfeiting includes covert features enabling, visible feature enabling, forensic & track, and trace technologies. U.S. FDA reported that the pharmaceutical manufacturers in the U.S. have an approximate revenue loss of over USD 250 billion every year due to counterfeiting. Furthermore, these products have low quality and affect the goodwill of the manufacturer.
Rising need for advanced technologies such as the ultra-high RFID and presence of untouched opportunities in Asia-based countries with high counterfeiting incidences such as China is anticipated to drive the market. China accounts for over 60% of the customs seizures globally reported by the World Customs Organization.
The report on the pharmaceuticals and food anti-counterfeiting technologies market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Pharmaceuticals And Food Anti-Counterfeiting Technologies Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Applications (Food and Pharmaceuticals), Technology (Inks & Dyes, Authentication, Holograms, Taggants, Watermarks, Bar Codes, Trace & Track, RFID, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Inksure Technologies; Alien Technology; CFC International; Sun Chemical; Data System International; Datamax; Intermec Technologies; Unibar Inc.; and Impinj Inc. |
Based on applications, the global pharmaceuticals and food anti-counterfeiting technologies market is bifurcated into food and pharmaceuticals. The pharmaceuticals segment accounts for a key share of the market owing to high importance of quality and presence of safety norms and regulations implemented by organizations. Meanwhile, the food segment is anticipated to expand at a rapid pace during the forecast period due to growing awareness of manufacturers and improving infrastructure.
On the basis of technology, the market is divided into inks & dyes, authentication, holograms, taggants, watermarks, bar codes, trace & track, RFID, and others. The authentication segment accounts for a key share of the market owing to inventory & packaging management facets, traceability, and high accurate features exhibited by this technology. On the other hand, the RFID segment is anticipated to expand at a rapid pace during the forecast period attributed to rising initiatives undertaken by regulatory authorities.
In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
North America accounts for a key share of the market owing to sophisticated healthcare infrastructure easing the implementation of these technologies. The market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to rapidly growing healthcare infrastructure and technology.
The global pharmaceuticals and food anti-counterfeiting technologies market has been segmented on the basis of
Key players competing in the pharmaceuticals and food anti-counterfeiting technologies market include Inksure Technologies; Alien Technology; CFC International; Sun Chemical; Data System International; Datamax; Intermec Technologies; Unibar Inc.; and Impinj Inc.
Major market players are continuously indulging in the activities such as mergers & acquisitions, research & developments, investments for innovative products, and collaborations.
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