As per their “Anti-Counterfeit Packaging Market” report, the global market was valued at USD 168.54 billion in 2023, growing at a CAGR of about 12.5% during the forecast period from 2024 - 2032 to reach USD billion by 2032.

Anti-counterfeit packaging is a specialized packaging solution that protects products from duplicating and unauthorized handling and ensures product security and authenticity. Technology advances in anti-counterfeit packaging work through RFID tags, holograms, and tamper-evident seals with QR codes and forensic markers to protect both consumer safety and brand reputation along with safeguarding against counterfeits. Anti-counterfeit packaging techniques protect industries including pharmaceuticals, food and beverages, electronics, cosmetics, and luxury goods from counterfeit threats by keeping their authenticity intact while protecting consumer safety. The solutions serve the dual purpose of protecting brands from counterfeit attempts and meanwhile allowing for complete supply chain visibility required by regulatory bodies. The combination of e-commerce growth with globalization has resulted in heightened requirements for secure packaging because counterfeit products are now more common in online stores. Modern supply chains and product security strategies demand innovative anti-counterfeit packaging solutions since businesses need to combine brand protection with safety measures and regulatory compliance thus driving continuous market demand growth.

Access sample report (including graphs, charts, and figures):

https://univdatos.com/reports/Anti-Counterfeit-Packaging-Market?popup=report-enquiry

Stringent regulatory framework is driving high demand in North America

The North American anti-counterfeit packaging market is experiencing rapid growth due to strong regulatory requirements and heightened consumer concerns about product security. Strict laws under the U.S. Food and Drug Administration (FDA) alongside the European Medicines Agency (EMA) work toward protecting North American consumers by fighting against counterfeits within the pharmaceutical, food and beverage, and luxury sectors. Under the U.S. Drug Supply Chain Security Act (DSCSA) pharmaceutical companies must adopt anti-counterfeit packaging solutions because this law forces them to meet serialization and traceability requirements. The increasing consumer understanding of counterfeit product risks has generated market demand for tamper-evident security packaging solutions. The development of e-commerce and the increased sophistication among counterfeiters demand state-of-the-art packaging technologies including RFID, holograms, and QR codes to verify product authenticity. Among other factors supporting North American market growth, major international companies from the pharmaceuticals and electronics sectors within this region have adopted anti-counterfeit measures and implemented secure packaging to defend their brands against counterfeit products and decrease financial harm.

Increasing prevalence of counterfeit products in e-commerce in the United States

The United States anti-counterfeit packaging market is growing substantially as counterfeit products steadily multiply through e-commerce channels. The growth of online shopping platforms created an increase in counterfeit goods circulating through digital channels which include fake pharmaceutical products, electronic devices, and luxury items. To protect their products and safeguard brand authenticity U.S. businesses are spending money on advanced systems that fight counterfeits. Companies utilize advanced packaging features including QR codes, RFID tags, and holograms to let consumers check the authenticity of their online orders specifically focusing on high-risk products.

Click here to view the Report Description & TOC: https://univdatos.com/reports/Anti-Counterfeit-Packaging-Market

For instance, In 2023, The U.S. Drug Enforcement Administration (DEA) seized more than 80 million fentanyl-laced fake pills and nearly 12,000 pounds of fentanyl powder. DEA has issued warnings about illegal online pharmacies selling counterfeit pills laced with fentanyl and methamphetamine, highlighting the scale of this issue.

Rising consumer demand for product safety is driving high demand in Canada

Canadian consumers lead to the growth of anti-counterfeit packaging markets through escalating demands for product authenticity and safety measures. A growing number of Canadian customers now recognize potential dangers from fake items particularly within pharmaceuticals, food, and personal care product sectors. Canadian Consumer Packaging and Labeling Act regulations along with other government standards have triggered increased implementation of anti-counterfeit security solutions because they ensure consumer product safety and correct identification through proper labeling. Improved packaging solutions have become necessary for Canadian businesses to safeguard their brands against counterfeit activities which are becoming more prominent on online marketplaces. Anti-counterfeit technologies serving Canada's healthcare along with pharmaceutical industries protect public health while allowing compliance with international standards.

Conclusion

In conclusion, factors, such as stringent regulatory framework, increasing prevalence of counterfeit products in e-commerce, and rising focus on product safety in the countries of North America are accelerating the growth of the anti-counterfeit packaging market in this region. Moreover, the rapid advancement of anti-counterfeit technologies, such as RFID, blockchain, smart packaging, and holograms, is further driving the growth of the anti-counterfeit packaging market. According to the Univdatos Market analysis, the growing prevalence of counterfeit products across industries like pharmaceuticals, food and beverages, and luxury goods drives the anti-counterfeit packaging market. As per their “Anti-counterfeit packaging Market” report, the global market was valued at USD 168.54 billion in 2023, growing at a CAGR of about 12.5% during the forecast period from 2024 - 2032 to reach USD billion by 2032.

Contact Us:

UnivDatos

Email: contact@univdatos.com 

Contact no: +1 978 733 0253

Website: www.univdatos.com