Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market - Forecast(2024 - 2030)
Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market Overview
The Anti-counterfeit Pharmaceuticals and
Cosmetics Packaging Market size is forecasted to reach US$ 111.6 billion by 2027,
after growing at a CAGR of 15.8% during the forecast period 2022-2027. The
counterfeiting malpractice has been increasing rapidly and has become a matter
of concern for several original cosmetics and pharmaceutical manufacturers all
around the world. Hence, a wide range of anti-counterfeit technologies are being adopted worldwide in order to prevent the practice of counterfeiting in
the pharmaceuticals and cosmetics industries. Some of the common technologies
include holograms,
barcodes, mass serialization, tamper evidence technology, radio frequency
identification (RFID), and more. European countries sold the highest
amount of exported beauty and skincare goods such as lotion bottles, mascara
tubes, creams, foundation, and more, during 2020 with shipments valued at US$ 26.7
billion, which indicates around 44% of the global total. This is followed by
Asian exporters with related shipments at 43%, and North America by 10.7%. Such
increasing demand of cosmetics products in multiple regions across the world is
expected to increase the demand for anti-counterfeit packaging of these
cosmetic products, in order to maintain the brand’s authenticity and protect
the consumers from using fake or duplicate products. An increase in demand from the pharmaceuticals and cosmetics industries acts as the major driver for the market.
On the other hand, high costs associated with
anti-counterfeit technology systems is most likely to confine the market and hinder its growth.
COVID-19 Impact
There is no doubt that the COVID-19 lockdown
has impacted the anti-counterfeit cosmetics packaging industry too. Strict
lockdowns all over the world interrupted the entire supply and trade of raw
materials, which in turn, resulted in slow developments, and manufacturing from the cosmetics & skincare industry. However, a slow recovery in new cosmetics,
and skincare production has been witnessed across many countries around the
world since the end of 2020. According to recent research published on The
Business Line, India reported a growth of around 20% on annual retail sales of
cosmetics and other skincare products during the fourth quarter of 2020 and
is expected to grow in the upcoming years. In this way, a slow and steady
increase in production activities from the cosmetics & skincare industry is expected
to increase the demand for anti-counterfeit packaging of such cosmetic products
using technologies such as holograms, barcodes, mass serialization, tamper
evidence technology, radio frequency identification (RFID), and more, in order
to maintain the brand’s authenticity and protect the consumers from using fake
or duplicate products. All of these factors have led to the growth of the
market and it is expected to rise in the upcoming years as well.
Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market Report Coverage
The report: “Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market –
Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the
following segments of the Anti-counterfeit
Pharmaceuticals and Cosmetics Packaging Industry.
Key Takeaways
- Radio Frequency Identification (RFID) technology in Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market is expected to see the fastest growth, especially during the forecast period. Its wide range of characteristics and advantages made it stand out in comparison to other types of anti-counterfeit packaging technologies in the market.
- Cosmetics application in Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market is expected to see the fastest growth, owing to the increasing demand for anti-counterfeit packaging in the cosmetics industry.
- Asia-Pacific dominated the Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market in 2021, owing to its increasing demand from the cosmetic and pharmaceutical sectors of the region. For instance, Asia-Pacific sold a significant amount of exported beauty and skincare goods such as lotion bottles, mascara tubes, creams, foundation, and more, during 2020 with shipments valued at US$ 11.5 billion, which indicates around 43% of the global total.
Figure: Asia-Pacific Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market Revenue, 2021-2027 (US$ Billion)
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Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market Segment Analysis – By Technology
Radio Frequency Identification (RFID) technology
held a significant share in the Anti-counterfeit Pharmaceuticals and Cosmetics
Packaging Market in 2021, owing to its increasing demand for anti-counterfeit packaging
of pharmaceuticals and cosmetics due to the benefits they provide. RFID
technology provides several benefits in comparison to holograms, mass
serialization, tamper evidence technology, barcodes, and other types of
anti-counterfeit technologies such as real-time analytics and store KPIs, easy management
of shelf-life of the products, increased brand loyalty, and operational
efficiencies for in-store processes. Moreover, RFID technology also allows inventory
visibility along the entire supply chain and superior customer service quality.
Hence, all of these benefits of RFID technology are driving its demand over
other types of anti-counterfeit technologies.
Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market Segment Analysis – By Application
The Cosmetics application held the largest
share in the Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market in
2021 and is expected to grow at a CAGR of 16% between 2022 and 2027, owing to its increasing demand for anti-counterfeit packaging for cosmetics
products such as lotion bottles, mascara tubes, creams, foundation, and
more. There is an increase in demand for
the production of cosmetics, and skincare products, owing to an increase in
awareness regarding personal grooming across the world. For instance, according
to a study published on Fashion Network, skincare and sun care products
produced an average annual growth of 5.6% in 2020. Furthermore, countries like
France, Singapore, South Korea, and the US sold some of the largest amounts of
exported beauty and skincare goods during 2020 with shipments valued at US$ 9
billion, US$ 6.2 billion, US$ 6.1 billion, and US$ 5.1 billion respectively.
Since anti-counterfeit packaging is primarily used in cosmetics products in
order to maintain the brand’s authenticity and protect the consumers from using
fake or duplicate products, this will most likely drive the market growth
during the forecast period.
Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market Segment Analysis – By Geography
The Asia-Pacific held the largest share in the
Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market in 2021 up to 30%.
The consumption of Anti-counterfeit Pharmaceuticals and Cosmetics Packaging is
particularly high in this region due to its increasing demand from the cosmetic
and medical sectors of the region. For instance, a recent study published by
the Indian Ministry of Economy and Industry stated that the beauty and personal
care industry in the country reached up to US$ 10 billion in 2021, and it is
most likely to grow by around 6% in the upcoming years. Likewise, Shiseido, a
leading cosmetics and beauty brand in Japan, published a report which stated
that the net sales of the company based on cosmetics and personal care products
reached up to 745.4 billion yen (US$ 6.6 billion) during the fourth quarter of
2021, and it is expected to rise in the upcoming years as well. According to a
recent article published on Vogue, multiple globally reputed beauty brands
like Glossier, Ceremonia, Tata Harper, Dermalogica, and more, launched new cosmetics
and skincare products in August 2021.
Furthermore, recent reports from India Brand
Equity Foundation (IBEF) show that the Indian pharmaceutical sector supplies
over 50% of the global demand for various vaccines, 40% of the generic demand
for the US, and 25% of all medicines for the UK during the ongoing COVID-19 pandemic.
In this way, an increase in the production of cosmetics and pharmaceutical products will also increase the demand for anti-counterfeit packaging using technologies such as holograms, barcodes, mass serialization, tamper evidence technology, radio frequency identification (RFID), and more, in order to maintain the brand’s authenticity and protect the consumers from using fake or duplicate products. All of these factors are expected to boost the market growth in the upcoming years.
Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market Drivers
An increase in demand for cosmetics and personal care products is most likely to increase demand for the product
Anti-counterfeit packaging is
commonly used in moisturizing creams and lotion bottles, mascara tubes, lipsticks, shampoos, and perfumes in order to maintain the brand’s authenticity
and protect the consumers from using fake or duplicate products. According to a recent study published on Redseer, the Indian beauty
and personal care sector holds a major share of 75% and is expected to increase
by 9% by 2022, which includes daily required personal care products such as
shampoos, soaps, deodorants, shaving kits, hand cleaners and many more.
Likewise, according to a recent article published on the Vouge in 2021, 10 new
beauty products are to be launched from multiple leading brands across the
world such as Becca, Indya, Forrest Essentials, Jimmy Coo, Colorbar, Wow Skin,
Clinique, MyGlamm, and more. Hence, increased demand for cosmetics and personal
care products also increases the demand for anti-counterfeit packaging of these products, thus, resulting in the growth of the market in
the upcoming years.
An increase in demand for medical drugs and medicines is likely to increase demand for the product
According to a recent study published on JAMA
Network, there has been an increase in demand for drugs from public hospitals
globally in comparison to the pre-COVID-19 period. It states that drugs like
Azithromycin, Hydroxychloroquine, Corticosteroids, and Heparin have increased by
11.45%, 6.14%, 24.68%, and 49.05% respectively. Furthermore, according to the
data on therapeutic drug use in the U.S. published by National Centre for
Health Statistics, the number of drugs that were ordered and provided through
physician office visits reached around 2.9 billion, and the number of drugs
that were given or prescribed through hospital emergency department visits
reached around 336 million in 2020.
With an increasing demand for medical drugs and
medicines, the demand for anti-counterfeit packaging of
these medicines will also increase significantly, thus, leading to market
growth during the forecast period.
Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market Challenges
High costs associated with anti-counterfeit technology systems can cause an obstruction to the market growth
Many companies across the world are becoming
more aware of the problems associated with counterfeiting. It is of utmost importance
for companies to make sure that their trademarks are protected by effectively implementing
anti-counterfeiting technologies in order to deal with the threat. However,
high initial setup and innovation costs are required during the production of
anti-counterfeit packaging, which discourages both new companies and potential consumers
from fully accepting anti-counterfeit solutions. This, in turn, may confine the
growth of the market.
Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Industry Outlook
Technology launches, acquisitions, and R&D
activities are key strategies adopted by players in the Anti-counterfeit
Pharmaceuticals and Cosmetics Packaging Market. Anti-counterfeit
Pharmaceuticals and Cosmetics Packaging top 10 companies include:
- 3M
Company
- Abbey
Labels
- Alien
Technology Corp.
- Alpvision
SA
- Ampacet
Corporation
- Applied
DNA Sciences
- Arjo
Solutions
- ATL
Security Label Systems
- Authentix
Inc.
- Avery
Dennison Corp.
Recent Developments
- In August 2021, Avery Dennison Corporation announced the acquisition of Vestcom for an investment of USD 1.45 billion. The acquisition is expected to expand the company’s offerings in branded labeling for retail and consumer packaged goods industries.
- In May 2020, SICPA Holdings launched a new, integrated product security label with innovative, counterfeit-resistant, secure, and traceable codes, and covert features to protect consumers and brand image. This feature enables brand owners to support their consumer engagement, supply chain controls, and investigation & enforcement efforts.
- In March 2020, CCL Industries Inc. acquired Flexpol sp. z.o.o. (Flexpol), which currently trades as Innovia Poland. This acquisition is expected to enhance the existing capabilities of the company to serve the label industry in the European region.
Relevant Reports
LIST OF TABLES
1.Global GLOBAL ANTI-COUNTERFEIT PACKAGING MARKET BY TECHNOLOGIES Market 2023-2030 ($M)1.1 Authentication Packaging Technology Market 2023-2030 ($M) - Global Industry Research
1.1.1 Ink And Dyes Market 2023-2030 ($M)
1.1.2 Holograms Market 2023-2030 ($M)
1.1.3 Watermarks Market 2023-2030 ($M)
1.1.4 Taggants Market 2023-2030 ($M)
1.2 Track And Trace Packaging Technology Market 2023-2030 ($M) - Global Industry Research
1.2.1 Barcode Technology Market 2023-2030 ($M)
1.2.2 RFID Technology Market 2023-2030 ($M)
2.Global GLOBAL ANTI-COUNTERFEIT PACKAGING MARKET BY TECHNOLOGIES Market 2023-2030 (Volume/Units)
2.1 Authentication Packaging Technology Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Ink And Dyes Market 2023-2030 (Volume/Units)
2.1.2 Holograms Market 2023-2030 (Volume/Units)
2.1.3 Watermarks Market 2023-2030 (Volume/Units)
2.1.4 Taggants Market 2023-2030 (Volume/Units)
2.2 Track And Trace Packaging Technology Market 2023-2030 (Volume/Units) - Global Industry Research
2.2.1 Barcode Technology Market 2023-2030 (Volume/Units)
2.2.2 RFID Technology Market 2023-2030 (Volume/Units)
3.North America GLOBAL ANTI-COUNTERFEIT PACKAGING MARKET BY TECHNOLOGIES Market 2023-2030 ($M)
3.1 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Ink And Dyes Market 2023-2030 ($M)
3.1.2 Holograms Market 2023-2030 ($M)
3.1.3 Watermarks Market 2023-2030 ($M)
3.1.4 Taggants Market 2023-2030 ($M)
3.2 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
3.2.1 Barcode Technology Market 2023-2030 ($M)
3.2.2 RFID Technology Market 2023-2030 ($M)
4.South America GLOBAL ANTI-COUNTERFEIT PACKAGING MARKET BY TECHNOLOGIES Market 2023-2030 ($M)
4.1 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Ink And Dyes Market 2023-2030 ($M)
4.1.2 Holograms Market 2023-2030 ($M)
4.1.3 Watermarks Market 2023-2030 ($M)
4.1.4 Taggants Market 2023-2030 ($M)
4.2 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
4.2.1 Barcode Technology Market 2023-2030 ($M)
4.2.2 RFID Technology Market 2023-2030 ($M)
5.Europe GLOBAL ANTI-COUNTERFEIT PACKAGING MARKET BY TECHNOLOGIES Market 2023-2030 ($M)
5.1 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Ink And Dyes Market 2023-2030 ($M)
5.1.2 Holograms Market 2023-2030 ($M)
5.1.3 Watermarks Market 2023-2030 ($M)
5.1.4 Taggants Market 2023-2030 ($M)
5.2 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Barcode Technology Market 2023-2030 ($M)
5.2.2 RFID Technology Market 2023-2030 ($M)
6.APAC GLOBAL ANTI-COUNTERFEIT PACKAGING MARKET BY TECHNOLOGIES Market 2023-2030 ($M)
6.1 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Ink And Dyes Market 2023-2030 ($M)
6.1.2 Holograms Market 2023-2030 ($M)
6.1.3 Watermarks Market 2023-2030 ($M)
6.1.4 Taggants Market 2023-2030 ($M)
6.2 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Barcode Technology Market 2023-2030 ($M)
6.2.2 RFID Technology Market 2023-2030 ($M)
7.MENA GLOBAL ANTI-COUNTERFEIT PACKAGING MARKET BY TECHNOLOGIES Market 2023-2030 ($M)
7.1 Authentication Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Ink And Dyes Market 2023-2030 ($M)
7.1.2 Holograms Market 2023-2030 ($M)
7.1.3 Watermarks Market 2023-2030 ($M)
7.1.4 Taggants Market 2023-2030 ($M)
7.2 Track And Trace Packaging Technology Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Barcode Technology Market 2023-2030 ($M)
7.2.2 RFID Technology Market 2023-2030 ($M)
LIST OF FIGURES
1.US Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)2.Canada Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
3.Mexico Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
4.Brazil Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
5.Argentina Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
6.Peru Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
7.Colombia Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
8.Chile Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
9.Rest of South America Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
10.UK Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
11.Germany Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
12.France Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
13.Italy Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
14.Spain Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
15.Rest of Europe Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
16.China Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
17.India Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
18.Japan Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
19.South Korea Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
20.South Africa Anti-counterfeit Pharmaceuticals And Cosmetics Packaging Market Revenue, 2023-2030 ($M)
21.North America Anti-counterfeit Pharmaceuticals And Cosmetics Packaging By Application
22.South America Anti-counterfeit Pharmaceuticals And Cosmetics Packaging By Application
23.Europe Anti-counterfeit Pharmaceuticals And Cosmetics Packaging By Application
24.APAC Anti-counterfeit Pharmaceuticals And Cosmetics Packaging By Application
25.MENA Anti-counterfeit Pharmaceuticals And Cosmetics Packaging By Application
26.Alien Technology Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Alpvision, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Zebra Technologies Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Inksure Technologies Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Avery Dennison Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Flint Group Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Impinj Incorporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Datamax-O'neil, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Authentix Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Sicpa, Sales /Revenue, 2015-2018 ($Mn/$Bn)