05-Jan-2023 | Facts and Factors
According to Facts and Factors, the global anti-counterfeit pharmaceuticals and cosmetics packaging market size was worth around USD 9.21 billion in 2021 and is predicted to grow to around USD 316 billion by 2030 with a compound annual growth rate (CAGR) of roughly 13.41% between 2022 and 2030.
The pharmaceuticals and cosmetics industry is highly sensitive to counterfeiting and is one of the most targeted industries in terms of manufacturing & selling fake products. There are various reasons that influence the increasing number of cases related to counterfeit products. Some of them include the absence of strict rules & regulations surrounding the sale or production of such products, and a lack of awareness and infrastructure to check and maintain product authenticity.
Browse the full “Anti-Counterfeit Pharmaceuticals and Cosmetics Packaging Market Size, Share, Growth Analysis Report By Application (Pharmaceuticals and Cosmetics & Personal Care), By Technology (Track & Trace Packaging Technology and Authentication Packaging Technology), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/anti-counterfeit-pharmaceuticals-and-cosmetics-packaging-market
In regions that are not politically or economically stable, and the law & order of the region does not have the necessary control, it is easy to build fake product manufacturing facilities and sell the products without getting caught. However, various companies have stepped and initiated comparisons and projects to counter the fake pharmaceutical and cosmetic product market. One such method adopted is the use of advanced packaging solutions that help businesses and consumers track and trace the authenticity of the products.
The global anti-counterfeit pharmaceuticals and cosmetics packaging industry market is projected to grow due to the growing number of players in the market providing innovative solutions due to constant research & development. The packaging solutions have various options that include the use of barcodes, holograms, covert markers, and serialization. For instance the use of luminescent topcoats which is an analog solution.
The topcoat remains invisible in broad daylight and can only be seen when seen under ultraviolet light. It is a customizable option which means that every company can have its own topcoats pattern that defines if the product is fake or genuine. The method is largely employed by pharmaceutical drug suppliers. Other methods include the use of smart labels, unique quick response (QR) codes, blockchain, and track & trace measures.
The growing limitation during the coming years is projected to be the ease of imitability of counterfeit packaging. The manufacturers of fake products have the same access to information as the original players and hence it is becoming more common for the fake product manufacturers to copy the counterfeit packaging systems deployed by the corporations which in turn eliminates the advantages offered by the solutions.
The increasing efforts on a national scale to curb counterfeit product sales may create growth opportunities while the complexity associated with the design of anti-counterfeit packaging may act as a major challenge for the players.
Segmental Overview
The global anti-counterfeit pharmaceuticals and cosmetics packaging market is segmented based on technology, application, and region
Based on technology, the global market divisions are track & trace packaging technology and authentication packaging technology. In 2021, the fastest-growing segment was the authentication packaging technology segment due to higher product adoption. Trace & track is gaining popularity but is currently highly priced and involves the use of digital systems. Authentication packaging makes use of watermarks, inks & dyes, taggants, and holograms. In October 2017, Estee Lauder confiscated more than 2.6 million pieces of fake products.
Based on application, the global market segments are pharmaceuticals and cosmetics & personal care. The global market was dominated by the pharmaceuticals segment because although the cosmetics industry faces these issues, the number of cases in the medicinal drug industry has increased tremendously in the last decade. The industry received a lot of support from government agencies as well due to the high health risks associated with the consumption of counterfeit drugs. In densely populated regions, where access to healthcare is of primary concern, the market for fake medicines has a large scope due to unawareness amongst the population and the absolute need to get medical care at any cost. For instance, the flow of counterfeit drugs in the open market of Bangladesh is around 24900 crore taka.
Regional Overview
North America or projected to register the highest growth in the global anti-counterfeit pharmaceuticals and cosmetics packaging market due to the presence of some of the most dominating players providing advanced packaging solutions. The higher investment in pushing technological growth in the countries of the US and Canada is projected to further help the regional market growth.
The country governments have also upscaled their efforts to limit or eliminate the sale of counterfeit products in the economy. For instance, the US Food & Drugs Administration authority revealed a new Counterfeit Detection Device #3 on national television in 2012. The scanning device was supposed to be used for detecting fake products. Growth in Europe is projected to be driven by the increasing government efforts to manage the concern.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 9.21 Billion |
Projected Market Size in 2030 |
USD 316 Billion |
CAGR Growth Rate |
13.41% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2030 |
Key Market Players |
AlpVision, U-NICA Solutions AG, Impinj Inc., NanoMatriX International Limited, Authentix, OpSec, and others. |
Key Segment |
By Application, Technology, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Landscape
The global anti-counterfeit pharmaceuticals and cosmetics packaging market is led by players like AlpVision, U-NICA Solutions AG, Impinj Inc., NanoMatriX International Limited, Authentix, OpSec, and others.
Recent Developments:
- In November 2022, Graphic Packaging International launched a new serialization solution to be used in medical packaging. The new system was launched at the "Convention on Pharmaceutical Ingredients held in Germany. The new launch is capable of storing complex coding data and keeping up with the growing cases of counterfeit drugs in the global market
- In October 2021. Aprisa, a science-driven luxury skincare brand announced that it will collaborate with Covectra to provide the company with solutions to manage brand protection and provide anti-counterfeit packaging services
The global anti-counterfeit pharmaceuticals and cosmetics packaging market is segmented as follows:
By Application
- Pharmaceuticals
- Cosmetics & Personal Care
By Technology
- Track & Trace Packaging Technology
- Authentication Packaging Technology
By Regional
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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