Global Anti-Counterfeit Packaging Market Set to Grow at a CAGR of over 15% by 2020, Says Technavio
Technavio analysts forecast the global anti-counterfeit packaging market to reach around USD 134 billion by 2020, according to their latest report.
The report explains the main growth drivers of the anti-counterfeit packaging market, including the rising need for traceability systems and the increasing demand for anti-counterfeit packaging from emerging nations. “Counterfeiting has become a matter of concern for all businesses globally. As per the data provided by the World Customs Organization and the International Chamber of Commerce, 5-9% of the annual global trade is accounted for by counterfeit goods and products. Counterfeit packaging has become a common problem, posing many challenges to businesses, especially to companies operating in the F&B, pharmaceutical, and consumer goods industries,” explains Technavio’s lead research analyst, Sharan Raj M.
Related Posts
Kenya loses Sh70bn in counterfeit trade
Trade in counterfeits has grown into a Sh70 billion annual business, rivalling...
Viewpoint: A shot in the arm for generics producers
Domino inksThere is nowhere to hide from the Falsified Medicines Directive. It...
Italian Police Seize 1 Million Liters of Counterfeit Wine.
Italian police seized over one million liters of counterfeit wine during a series...
Fake goods worth millions confiscated in two EC busts.
The authorities have seized millions of rands worth of goods in two separate...