A report into the market has found that “high growth” will be seen in the next 10 years.
An anti-counterfeiting hologram
The report – Anti-counterfeit packaging technologies market forecast 2015-2025 & future prospects for leading companies – by market analysts Visiongain, outlines the future growth of the market for anti-counterfeiting packaging, addressing the “rapid growth of world trade” and the “opportunities for counterfeit products”, alongside the “challenging task for customs services to ban” the products.
The analysts anticipate that the global market will see “high growth in the upcoming years”, with the market worth $15.76 billion (€14.7 billion) now and expected to grow much more in the next 10 years. It adds that “the prospects of anti-counterfeit packaging technologies” will “remain bright” thanks to an “array of innovative and cost-effective anti-counterfeit solutions” set to be launched soon.
In turn, growth will also be driven “by the increasing publicity of technological solutions for track-and-trace purposes and serialisation”, while RFID technologies will “also help in driving revenue growth”, as well as being “expected to help drive sales up significantly in the emerging economies as these technologies begin to gain market penetration”. Additionally, “tougher government legislation” for IP protection is said to be something that will help the development of the sector.
Advancements in the technology, as well as “stronger collaboration” between companies, organisation and governments “will further support” the growth of the market in the developing and emerging economies. Companies highlighted in the report were: 3M; Aesica; Alien Technology; AlpVision; Authentix; Avery Dennison; CFC International Corporation; Digimarc; Impinj Inc.; New York Global Innovations Inc.; Sekuworks; TruTag Technologies; UPM raflatac; and Zebra Technologies.