Portland, OR -- (ReleaseWire) -- 07/07/2014 -- With $57.4 billion in 2013, the global Anti-Counterfeit Packaging Market is expected to grow at a CAGR of 13.9% from 2013-2020, generating revenue of $142.7 billion by 2020.
Manufacturing companies suffer heavy losses due to counterfeiting of their products. Health risks are also involved due to counterfeit medicines and food products, since the counterfeit products are generally not approved by the regulatory authorities. The anti-counterfeit packaging market provides a solution to overcome these shortcomings by rendering secure packaging techniques and product tracking for various products. As the food and pharmaceuticals market keeps getting littered with new counterfeit companies every day, a majority of legitimate manufacturing companies are resorting to anti-counterfeit packaging market for safeguarding their products. Encouraging government policies too are helping the cause.
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Although a majority of companies have adopted anti-counterfeit packaging, there still remain a considerable number of companies which lack awareness of these techniques. These companies generally re-design their packaging, which only opens a window for the counterfeit market in the process. Globalization of retail sectors is also one of the major restraints the anti-counterfeit market faces in current scenario.
The anti-counterfeit packaging market is broadly classified on the basis of technology, viz. packaging and tracking; and application, viz. food packaging and pharmaceutical packaging.
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Regional markets for anti-counterfeit packaging market are North America, Europe, Asia-Pacific and ROW.
The major suppliers for these services include Alien Technology Corp., Alpvision, Zebra Technologies, Inksure Technologies, Avery Dennison, Flint Group, Catalent Pharma Solution, Inc., TraceLink Inc., Authentix Inc. and Sicapa.
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