Anti-counterfeit Electronics And Automobiles Packaging Market - Forecast(2024 - 2030)
Anti-counterfeit Electronics And Automobiles Packaging Market Overview
The Anti-counterfeit Electronics And Automobiles Packaging Market size is projected to reach US$20.6 billion by 2027, after growing at a CAGR of 9.1% during the forecast period 2022-2027. The malpractice of counterfeiting is on the rise and has become a source of concern for many original automobile and electronics manufacturers worldwide. As a result, a wide range of anti-counterfeit technologies such as holograms, barcodes, watermarks, radio frequency identification and more are being adopted globally to prevent the practice of counterfeiting in the automobile and electronics industries. The booming application of anti-counterfeit packaging in the electronics industry is the primary reason for the anti-counterfeit electronics And automobiles packaging market growth. However, in 2020, the COVID-19 pandemic caused ripples in the anti-counterfeit electronics and automobiles packaging industry growth. In 2021, the ease of COVID-19-related regulations resulted in a surge in the production of products, including electronics, automotive and more. This, in turn, accelerated the anti-counterfeit electronics and automobiles packaging industry growth. Also, the bolstering automotive industry is expected to fuel the demand for anti-counterfeit electronics and automobiles packaging. As a result, the Anti-counterfeit Electronics And Automobiles Packaging market size would grow during the forecast period.
Report Coverage
The "Anti-counterfeit Electronics And Automobiles Packaging Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Anti-counterfeit Electronics And Automobiles Packaging Market.
Key Takeaways
- Asia-pacific dominated the Anti-counterfeit Electronics And Automobiles Packaging Market, owing to the electronics industry growth in the region. According to Invest India, in 2014-2015, India’s electronics production was US$29 billion and in 2020-2021, it grew to US$67 billion, which is more than double.
- The ongoing developments associated with the hologram, barcode and technologies would spur market growth in the upcoming years.
- Moreover, the government initiatives for the protection of malpractices for counterfeit are accelerating the market growth.
- However, the high cost of Anti-counterfeit technology may restrict the Anti-counterfeit Electronics and Automobiles Packaging industry growth during the forecast period of 2022-2027.
Anti-counterfeit Electronics And Automobiles Packaging Market Segment Analysis – by Product Type
The track and trace packaging technologies segment held the significant Anti-counterfeit Electronics And Automobiles Packaging Market share in 2021 and is expected to grow at a CAGR of 9.3% during the forecast period 2022-2027. Track and trace package technologies like RFID, barcode and others offer various advantages like real-time analytics, improved brand loyalty and operational efficiencies in contrast to holograms, Watermarks and other anti-counterfeiting technologies. Additionally, inventory visibility across the entire supply chain and higher customer service quality are made possible by RFID technology. As a result, the demand for Track and Trace packaging technologies is increasing as compared to other anti-counterfeit technology types. This factor is accelerating the Anti-counterfeit Electronics And Automobiles Packaging market growth.
Anti-counterfeit Electronics And Automobiles Packaging Market Segment Analysis – by End-use Industry
The electronics segment held the largest Anti-counterfeit Electronics And Automobiles Packaging Market share in 2021 and is projected to grow at a CAGR of 9.5% during the forecast period 2022-2027. Electronics brands are protected by anti-counterfeit packaging from the harm that might happen from fake goods, such as lost sales, a damaged reputation and safety risks. According to Japan Electronics and Information Technology Industries Association (JEITA), in 2020, the worldwide electrical and electronics production was US$3,033.7 billion and in 2021, it was about US$3,330.6billion, an increase of about 9.8%. Also, according to Global System for Mobile Communication, there would be 700 million new mobile subscribers in the world by the year 2025. Hence, the surge in electronics production is expected to boost the demand for Anti-counterfeit Packaging. This, in turn, would propel the market growth in the coming years.
Anti-counterfeit Electronics And Automobiles Packaging Market Segment Analysis – by Geography
Asia-pacific is the dominating region in this market as it held the largest Anti-counterfeit Electronics And Automobiles Packaging Market share of up to 48% in 2021. The sectoral growth of Asia-pacific economies is been fueled by the growth of various industries such as electrical & electronics, automotive and more. Factors such as government policies aiding the electronics industry, emerging economies, technological advancement and more factors are vital for the growth of the electronics industries growth in Asia-pacific. For instance, in April 2020, the Indian government implemented Production Linked Incentive Scheme (PLI) for the electronic and electrical industry to increase electronics industry production. Moreover, according to Japan Electronics and Information Technology Industries Association (JEITA), in 2020, the total electronics production in Japan was ¥9,964,769 million (US$93,389.82 million) and in 2021, it was ¥10,954,346 million (US$99,772.18 million), an increase of 9.9%. Therefore, the growth of the electronics industry in Asia-pacific is accelerating the demand for anti-counterfeit packaging. As a result, the Anti-counterfeit Electronics And Automobiles Packaging market size is growing.
Anti-counterfeit Electronics And Automobiles Packaging Market Drivers
Booming Automobiles Production:
The counterfeit products utilized in automobiles are of such poor quality that they endanger countless lives in addition to impairing the performance of the vehicle in which they are used. Auto parts brands can safeguard their customers against fakes with the help of NeuroTags Anti-counterfeiting solution. The increasing adoption of passenger cars, the rapid pace of industrialization and other factors are spurring the growth of the transport industry. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2021, the global automotive production was 80,145,988 units, an increase of 2% over 2020. Thus, the growth of automobiles productions is fueling the demand for Anti-counterfeit Packaging to ensure protection from duplicate products. This variable is driving the market growth.
Stringent International Organization & Government Regulations for Counterfeit Products:
The goal of counterfeit organizations is to make enormous profits, mainly from imitation electronics and vehicles. The automotive and electronics industries are a common target for counterfeiters, partially, because of the complexity of their goods and the numerous opportunities it presents for imitation. Thus, governments and organizations are imposing restrictions on automobiles and electronics counterfeit products to reduce the losses due to counterfeiting. For instance, public awareness campaigns similar to the UK's have been going on for a while and groups like the Automotive Anti-Counterfeiting Council, a consortium of the 11 major American automakers, are working to prohibit the sale of automobile counterfeiting products. Also, in 2021, major e-commerce sites like eBay took steps to implement anti-counterfeit policies because the online market is such a hotbed for the sale of counterfeit goods. Thus, the restrictions related to automobiles and electronics counterfeit products are aiding the Anti-counterfeit Electronics And Automobiles Packaging market growth.
Anti-counterfeit Electronics And Automobiles Packaging Market Challenge
High Costs Associated with Anti-counterfeit Technology:
Companies all across the world are becoming increasingly conscious of the issues posed by counterfeiting. It is vital for businesses to ensure that their trademarks are secured by successfully adopting anti-counterfeiting solutions to combat the threat. However, the creation of anti-counterfeit packaging requires substantial upfront setup and innovation expenses, which deter both new businesses and potential customers from fully embracing anti-counterfeit solutions. Additionally, some current technologies, like barcodes and QR codes, are simple to copy or spoof without the right customer awareness. Thus, the high cost associated with the anti-counterfeit technology may restrict the Anti-counterfeit Electronics and Automobiles Packaging industry growth during the projected forecast period.
Anti-counterfeit Electronics And Automobiles Packaging Industry Outlook:
Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Anti-counterfeit Electronics And Automobiles Packaging Market. The top 10 companies in the Anti-counterfeit Electronics And Automobiles Packaging Market are:
- Giesecke & Devrient (G&D)
- Impinj Incorporation
- Datamax-O'Neil (Honeywell)
- Alien Technology Corp
- AlpVision
- InkSure Technologies Inc
- IAI industrial systems
- Zebr Technologies Corp
- Avery Dennison Corp
- Applied DN Science
Recent Developments
- In July 2021, Authentix, the industry leader in authentication and information services, acquired Strategic IP Information Pte Ltd, Asia's top online brand and content rights protection provider (SIPI). The acquisition also involved Anti-counterfeit for automobile applications.
- In May 2020, SICPA, a leader in product security, revenue realization and track & trace solutions, introduced new, integrated product security labels with cutting-edge, counterfeit-resistant visual effects and secure traceable codes. This product can covert features to safeguard brands and customers as the prevalence of fake goods reaches an all-time high.
- In March 2020, Flexpol sp. z o.o. (Flexpol), which was doing business as Innovia Poland, was acquired by CCL Industries Inc. The company's capacity to support the Anti-counterfeit label business in the European continent was strengthened by this acquisition.
Relevant Reports
Report Code: CPR 0113
Report Code: FBR 0354
Report Code: ESR 48664
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global Global Anti-Counterfeit Packaging Market By Technology Market 2023-2030 ($M)1.1 Market Dynamic Market 2023-2030 ($M) - Global Industry Research
1.2 Authentication Packaging Technology Market 2023-2030 ($M) - Global Industry Research
1.2.1 Anti-Counterfeit Authentication Packaging Technology Market By Geography Market 2023-2030 ($M)
1.2.2 Anti-Counterfeit Authentication Packaging Technology Market By Type Market 2023-2030 ($M)
1.2.3 Ink And Dye Market 2023-2030 ($M)
1.2.4 Hologram Market 2023-2030 ($M)
1.2.5 Watermark Market 2023-2030 ($M)
1.2.6 Taggants Market 2023-2030 ($M)
1.3 Track And Trace Packaging Technology Market 2023-2030 ($M) - Global Industry Research
1.3.1 Anti-Counterfeit Track Trace Packaging Technology Market By Geography Market 2023-2030 ($M)
1.3.2 Anti-Counterfeit Track Trace Technology Market By Type Market 2023-2030 ($M)
1.3.3 Barcode Technology Market 2023-2030 ($M)
1.3.4 Rfid Technology Market 2023-2030 ($M)
2.Global Global Anti-Counterfeit Packaging Market By Technology Market 2023-2030 (Volume/Units)
2.1 Market Dynamic Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Authentication Packaging Technology Market 2023-2030 (Volume/Units) - Global Industry Research
2.2.1 Anti-Counterfeit Authentication Packaging Technology Market By Geography Market 2023-2030 (Volume/Units)
2.2.2 Anti-Counterfeit Authentication Packaging Technology Market By Type Market 2023-2030 (Volume/Units)
2.2.3 Ink And Dye Market 2023-2030 (Volume/Units)
2.2.4 Hologram Market 2023-2030 (Volume/Units)
2.2.5 Watermark Market 2023-2030 (Volume/Units)
2.2.6 Taggants Market 2023-2030 (Volume/Units)
2.3 Track And Trace Packaging Technology Market 2023-2030 (Volume/Units) - Global Industry Research
2.3.1 Anti-Counterfeit Track Trace Packaging Technology Market By Geography Market 2023-2030 (Volume/Units)
2.3.2 Anti-Counterfeit Track Trace Technology Market By Type Market 2023-2030 (Volume/Units)
2.3.3 Barcode Technology Market 2023-2030 (Volume/Units)
2.3.4 Rfid Technology Market 2023-2030 (Volume/Units)
3.North America Global Anti-Counterfeit Packaging Market By Technology Market 2023-2030 ($M)
3.1 Market Dynamic Market 2023-2030 ($M) - Regional Industry Research
3.2 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
3.2.1 Anti-Counterfeit Authentication Packaging Technology Market By Geography Market 2023-2030 ($M)
3.2.2 Anti-Counterfeit Authentication Packaging Technology Market By Type Market 2023-2030 ($M)
3.2.3 Ink And Dye Market 2023-2030 ($M)
3.2.4 Hologram Market 2023-2030 ($M)
3.2.5 Watermark Market 2023-2030 ($M)
3.2.6 Taggants Market 2023-2030 ($M)
3.3 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
3.3.1 Anti-Counterfeit Track Trace Packaging Technology Market By Geography Market 2023-2030 ($M)
3.3.2 Anti-Counterfeit Track Trace Technology Market By Type Market 2023-2030 ($M)
3.3.3 Barcode Technology Market 2023-2030 ($M)
3.3.4 Rfid Technology Market 2023-2030 ($M)
4.South America Global Anti-Counterfeit Packaging Market By Technology Market 2023-2030 ($M)
4.1 Market Dynamic Market 2023-2030 ($M) - Regional Industry Research
4.2 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
4.2.1 Anti-Counterfeit Authentication Packaging Technology Market By Geography Market 2023-2030 ($M)
4.2.2 Anti-Counterfeit Authentication Packaging Technology Market By Type Market 2023-2030 ($M)
4.2.3 Ink And Dye Market 2023-2030 ($M)
4.2.4 Hologram Market 2023-2030 ($M)
4.2.5 Watermark Market 2023-2030 ($M)
4.2.6 Taggants Market 2023-2030 ($M)
4.3 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
4.3.1 Anti-Counterfeit Track Trace Packaging Technology Market By Geography Market 2023-2030 ($M)
4.3.2 Anti-Counterfeit Track Trace Technology Market By Type Market 2023-2030 ($M)
4.3.3 Barcode Technology Market 2023-2030 ($M)
4.3.4 Rfid Technology Market 2023-2030 ($M)
5.Europe Global Anti-Counterfeit Packaging Market By Technology Market 2023-2030 ($M)
5.1 Market Dynamic Market 2023-2030 ($M) - Regional Industry Research
5.2 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Anti-Counterfeit Authentication Packaging Technology Market By Geography Market 2023-2030 ($M)
5.2.2 Anti-Counterfeit Authentication Packaging Technology Market By Type Market 2023-2030 ($M)
5.2.3 Ink And Dye Market 2023-2030 ($M)
5.2.4 Hologram Market 2023-2030 ($M)
5.2.5 Watermark Market 2023-2030 ($M)
5.2.6 Taggants Market 2023-2030 ($M)
5.3 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Anti-Counterfeit Track Trace Packaging Technology Market By Geography Market 2023-2030 ($M)
5.3.2 Anti-Counterfeit Track Trace Technology Market By Type Market 2023-2030 ($M)
5.3.3 Barcode Technology Market 2023-2030 ($M)
5.3.4 Rfid Technology Market 2023-2030 ($M)
6.APAC Global Anti-Counterfeit Packaging Market By Technology Market 2023-2030 ($M)
6.1 Market Dynamic Market 2023-2030 ($M) - Regional Industry Research
6.2 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Anti-Counterfeit Authentication Packaging Technology Market By Geography Market 2023-2030 ($M)
6.2.2 Anti-Counterfeit Authentication Packaging Technology Market By Type Market 2023-2030 ($M)
6.2.3 Ink And Dye Market 2023-2030 ($M)
6.2.4 Hologram Market 2023-2030 ($M)
6.2.5 Watermark Market 2023-2030 ($M)
6.2.6 Taggants Market 2023-2030 ($M)
6.3 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Anti-Counterfeit Track Trace Packaging Technology Market By Geography Market 2023-2030 ($M)
6.3.2 Anti-Counterfeit Track Trace Technology Market By Type Market 2023-2030 ($M)
6.3.3 Barcode Technology Market 2023-2030 ($M)
6.3.4 Rfid Technology Market 2023-2030 ($M)
7.MENA Global Anti-Counterfeit Packaging Market By Technology Market 2023-2030 ($M)
7.1 Market Dynamic Market 2023-2030 ($M) - Regional Industry Research
7.2 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Anti-Counterfeit Authentication Packaging Technology Market By Geography Market 2023-2030 ($M)
7.2.2 Anti-Counterfeit Authentication Packaging Technology Market By Type Market 2023-2030 ($M)
7.2.3 Ink And Dye Market 2023-2030 ($M)
7.2.4 Hologram Market 2023-2030 ($M)
7.2.5 Watermark Market 2023-2030 ($M)
7.2.6 Taggants Market 2023-2030 ($M)
7.3 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Anti-Counterfeit Track Trace Packaging Technology Market By Geography Market 2023-2030 ($M)
7.3.2 Anti-Counterfeit Track Trace Technology Market By Type Market 2023-2030 ($M)
7.3.3 Barcode Technology Market 2023-2030 ($M)
7.3.4 Rfid Technology Market 2023-2030 ($M)
LIST OF FIGURES
1.US Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)2.Canada Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
3.Mexico Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
4.Brazil Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
5.Argentina Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
6.Peru Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
7.Colombia Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
8.Chile Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
9.Rest of South America Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
10.UK Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
11.Germany Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
12.France Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
13.Italy Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
14.Spain Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
15.Rest of Europe Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
16.China Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
17.India Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
18.Japan Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
19.South Korea Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
20.South Africa Anti-Counterfeit Electronics And Automobiles Packaging Market Revenue, 2023-2030 ($M)
21.North America Anti-Counterfeit Electronics And Automobiles Packaging By Application
22.South America Anti-Counterfeit Electronics And Automobiles Packaging By Application
23.Europe Anti-Counterfeit Electronics And Automobiles Packaging By Application
24.APAC Anti-Counterfeit Electronics And Automobiles Packaging By Application
25.MENA Anti-Counterfeit Electronics And Automobiles Packaging By Application
26.Alien Technology Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Alpvision, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Zebr Technology Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Avery Dennison Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Giesecke Devrient, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Impinj Incorporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Datamax-O'Neil, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Applied Dn Science, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Inksure Technology Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Iai Industrial System, Sales /Revenue, 2015-2018 ($Mn/$Bn)