According to FutureWise analysis the market for Anti-counterfeit Pharmaceutical Packaging in 2023 is US$ 108.19 billion, and is expected to reach US$ 209.63 billion by 2031 at a CAGR of 8.62%.
Anti-counterfeiting refers to all the different methods and techniques used to help protect the supply chain of pharmaceutical goods. Strategies are implemented to help limit the number of counterfeit products on the market for consumers and patients to purchase unwittingly. Packaging is the coordinated approach that encloses and protects the dosage form. Counterfeit drugs are the leading cause of mortality, morbidity, and failure of public interest in the healthcare system. High prices and renowned brands make the pharma market most susceptible, which accounts for serious concerns about obesity, cardiovascular, and antihyperlipidemic drugs and drugs like sildenafil. Packaging includes covert and overt technologies like barcodes, sealing tapes, holograms, and radio frequency identification devices to maintain the integrity of the pharmaceutical product. To date, all the available techniques are synthetic and provide considerable protection against counterfeiting, but they have certain limitations that can be overcome by applying natural methods and using the principles of nanotechnology.
Overt features are expected to help the users confirm a pack's authenticity. Such features will be significantly visible and complex or costly to reproduce. They include optical variable coatings with changing colors, thermochromic inks, and watermarks. Inkjet is used for printing variable text on packaging. The process can be untidy and only sometimes provides the print quality necessary for creating small codes, which must stay clear for weeks or months. This requirement for quality codes led to the development of the barcodes.
FutureWise Market Research has published a report that provides an insightful analysis anti-counterfeit pharmaceutical packaging market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, anti-counterfeit pharmaceutical packaging market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.