The Global Anti-Counterfeit Pharmaceuticals and Cosmetics Packaging Market size valued to USD 70.16 billion in 2019, is predicted to reach USD 335.90 billion by 2030, witnessing a growing CAGR of 15.3% from 2020-2030. The rapid increase in counterfeiting activities, specifically in pharmaceuticals and cosmetic market, propels the high-volume low-quality manufacturing nature of this market. The Anti-counterfeit Pharmaceuticals and Cosmetics Packaging assist in avoiding piracy of products in the market, hence boosting the trade of authentic pharmaceutical and cosmetic products and at the same time prevents such counterfeit activities. Based on different kind of end-users, the technologies used to prevent counterfeiting activities include, track and trace technology, RFID readers, serialization, authentication technology, and barcodes scanners. Market Segmentations and Scope of the Study: The global anti-counterfeit pharmaceuticals and cosmetics packaging market share analysis is based on technology, application, and geography. Based on technology, the market is segmented into track and trace technology and authentication technology. The track and trace technology are sub segmented into Barcode technology and RFID technology. The authentication technology is divided into Ink and Dyes, Holograms, Watermarks, and Taggants. Based on application the market is fragmented into pharmaceuticals and cosmetics & personal care. The pharmaceutical segment is further sub segmented into over the counter drugs and Prescription based drugs. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, AsiaPacific, Europe, and RoW. Request
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pharmaceuticals-and-cosmetics-packaging-market/request-sample Geographical Analysis North America shall dominate the global anti-counterfeit pharmaceuticals and cosmetics packaging market throughout the forecast period, accounting the highest market shares. Factors such as ever-increasing medical research and development sector in this region along with consistently multiplying pharmaceutical industries, are responsible for fostering the market growth throughout the forecast period. Europe being the second-largest market in terms of revenue, is anticipated to show a significant growth, owing to major contribution by Pharmaceutical and Medical cosmetic companies in the anti-counterfeit pharmaceuticals and cosmetics packaging market. Asia Pacific region specifically the emerging economies shall show a significant growth in the global anti-counterfeit pharmaceuticals and cosmetics packaging market, representing the highest CAGR value. The factors accountable for this
growth are majorly increasing awareness about authenticated pharmaceutical drugs and cosmetic products, upsurge in awareness campaigns regarding the use of original products. Inquire before buying- https://www.nextmsc.com/anti-counterfeit-pharmaceuticalsand-cosmetics-packaging-market/inquire-before-buying Competitive Landscape The anti-counterfeit pharmaceuticals and cosmetics packaging market, which is highly competitive, consist of various market players. Some of the major market players are Alien Technology, Zebra Technologies, Alpvision, Inksure Technologies, Flint Group, Avery Dennison, Impinj Incorporation, Sicapa, Authentix, and Honeywell among others. The market players have adopted product launches, facility expansions and collaborations as their key strategies to gain substantial share in the global anti-counterfeit pharmaceuticals and cosmetics packaging market. For instance, in April 2019, Alien Technology announced its next-generation RIFD semiconductor integrated circuits named ‘Higgs-9 IC’ featuring the latest high-memory inlays. Furthermore, in February 2020, one of the major players Impinj Incorporation introduced its RAIN RFID reader labelled Impinj R700; designed for enterprisegrade RAIN deployments. R700 reader is designed to deliver the best receive sensitivity, fastest network connectivity, and powerful edge processing for next-generation IoT solutions, hence offering the superior performance. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts. For more insights, please visit, https://www.nextmsc.com
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