Amid increasingly stringent security regulations and an alarmingly high number of fake products on the market, anti-counterfeiting technologies are the latest trend to take the packaging industry by storm. According to Smithers Pira, the anti-counterfeit packaging market is set to grow at a compound annual growth rate of 5.3 percent, reaching 3.6 billion USD by 2022.
Counterfeit pharmaceutical packaging continues to soar. Is your pharma packaging design compliant with the most recent Good Manufacturing Practices? Find out now.
Extending trade zones
Fueling the demand for anti-counterfeiting packaging is the extension of trade zones which makes it easier for counterfeiters to move their goods across international borders. Rising to the occasion, brand owners and anti-counterfeiting technology suppliers are introducing sophisticated solutions including mobile digital channels to authenticate products and improve supply chain security.Anti-counterfeit packaging for life-critical products
Both Europe and the US play a large part in the anti-counterfeit packaging trend, having introduced new mandatory labelling systems and tamperproof fixtures for life-cricital products, i.e. pharmaceuticals, food and beverages. Food was the most secured sector in 2017, accounting for 38.8 percent of the anti-counterfeit packaging market. Smithers Pira also notes the World Health Organization (WHO) will soon make track-and-trace systems obligatory for the tobacco industry.GMP-compliant pharmaceutical packaging
