the EU Anti-Falsification Directive, as of 2017, all prescription medicines will have to be furnished with a unique code number as well as a feature indicating that the outer package has not been tampered with. Counterfeit drugs are becoming a health risk for patients. The counterfeit rate among prescriptions sold through unlicensed and unauthorized websites is more than 45 %. Hence, by enabling anti-counterfeit technologies in their manufacturing processes, pharmaceutical companies can avert counterfeiting of many life-saving drugs.
Further, the report states that one challenge in market is inefficient anti-counterfeiting technologies. The greatest concern among the vendors in the global anti-counterfeit packaging market is the lack of information integration and inefficiency of devices used for anti-counterfeiting. Food and pharmaceutical products need fast delivery to ensure their optimum utilization. If companies are equipped with a centralized system, they are able to observe changes in inventory and can order shipment as per requirements. They can also efficiently make use of traceability equipment to trace the products in transit. Most of the time, companies face issues of equipment failure, which also acts as a hurdle for the global anti-counterfeit packaging market. For instance, the implementation of the RFID technology results in users experiencing many technological issues. Organizations must handle and keep track of large amounts of data that are read by RFID tags of products in order to overcome these issues. Apart from this, they must also be able to operate fully integrated software that enables this information to be used internally and externally in the future.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Anti-Counterfeit Packaging
Anti-counterfeit packaging is the process of providing secure packaging to products for reducing counterfeiting or imitation, thereby improving the safety of packaged goods. Anti-counterfeit packaging helps companies reduce losses incurred from counterfeiting and maintain their brand image. Governments in a number of nations are taking strong steps to stop counterfeiting and spread awareness among consumers to identify and to not buy counterfeit products. The practice of counterfeiting is more often seen in developing countries as consumers are not aware of the product authentication process. Consumers in remote or urban areas are the major buyers of counterfeit products owing to the lack of awareness about product authentication. Hence, anti-counterfeiting packaging technologies will help consumers to buy authentic and reliable products.
Complete Report Details @ https:// marketreportscenter. com / reports / 500965 / global-anti-counterfeitpackaging-market-2017-2021
Covered in this report
The report covers the present scenario and the growth prospects of the global anti-counterfeit packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated from different types of applications and types of technology used in anti-counterfeit packaging.