Market Research Blog

Estimates suggest that the anti-counterfeit pharmaceutical packaging market will be worth US$ 108.1 billion by 2023. Projections indicate a substantial growth trajectory, with the market poised to soar to US$ 246.6 billion by 2033, boasting an impressive compound annual growth rate (CAGR) of 8.6%. This growth is attributed to the escalating need for enhanced security measures in the pharmaceutical industry to combat counterfeit drugs and ensure patient safety. As regulatory scrutiny intensifies and technological advancements continue to evolve, the demand for innovative anti-counterfeit packaging solutions is expected to surge, driving market expansion over the next decade.

The increasing emergence of new anti-counterfeiting technologies, such as edible micro tags can only be scanned through the utilization of the manufacturer’s proprietary equipment. It is also helping expand the global anti-counterfeit pharmaceutical packaging market.

Germany’s position as a leader in innovation and technology plays a pivotal role in the expected growth of the anti-counterfeit pharmaceutical packaging industry. With a projected market value of US$ 148.6 billion in 2023, Germany’s pharmaceutical packaging sector is set to thrive. This growth is primarily attributed to the nation’s robust commitment to technological advancements and its reputation for pioneering cutting-edge solutions.

Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-2385

The increasing prevalence of counterfeit pharmaceuticals poses a significant threat to public health. As awareness of this issue grows, pharmaceutical companies and regulatory bodies are taking strong measures to combat counterfeiting. It is done through advanced packaging solutions, which in turn drives the demand for anti-counterfeit pharmaceutical packaging.

Continuous advancements in anti-counterfeit technologies have made it feasible and cost-effective for pharmaceutical companies to implement robust security measures. Increasing strict regulation by governments and regulatory agencies for pharmaceutical packaging is likely to drive the market throughout the forecast period.

The growth of online pharmaceutical sales and e-commerce platforms has made it easy for counterfeit drugs to enter the market. E-commerce platforms are adopting anti-counterfeit packaging to protect consumers. The pharmaceutical industry’s continued growth and expansion into emerging markets are driving the need for anti-counterfeit measures.

Key Takeaways

• From 2018 to 2022, the anti-counterfeit pharmaceutical packaging market demand expanded at a CAGR of 6%
• Based on printing technology, the RFID segment is expected to account for a market share of 7.8% during the forecast period.
• Global anti-counterfeit pharmaceutical packaging demand in the United Kingdom is predicted to account for a CAGR of 8.4% through 2033.
• In the United States, the market is expected to account for a CAGR of 8.5% between 2023 and 2033.
• China is projected to expand by a value CAGR of 8.3% through 2033.
• By 2033, India’s anti-counterfeit pharmaceutical packaging market is anticipated to record a CAGR of 8.0%.

“The increasing consumer awareness and expansion of the pharmaceutical industry globally is anticipated to drive the market growth during the forecast period.” says an FMI analyst.

Business Growth Drivers:

1. Stringent Regulations: Increasing regulatory requirements and government initiatives aimed at combating counterfeit drugs have been a major driver. Regulatory bodies worldwide have mandated the implementation of anti-counterfeit measures to ensure patient safety and maintain the integrity of pharmaceutical products.
2. Rising Incidences of Counterfeiting: With the growth of the pharmaceutical industry, the incidents of counterfeit drugs entering the market have also risen. This has propelled pharmaceutical companies to invest in robust anti-counterfeit packaging solutions to protect their products and brand reputation.
3. Technological Advancements: Advances in anti-counterfeit technologies such as RFID (Radio Frequency Identification), barcoding, holograms, tamper-evident seals, and track-and-trace systems have made it easier for pharmaceutical companies to implement effective anti-counterfeit measures.
4. Increasing Awareness: Growing awareness among consumers regarding the dangers associated with counterfeit drugs has driven the demand for secure packaging solutions. Patients are increasingly demanding assurances about the authenticity and safety of the medicines they consume, pushing pharmaceutical companies to invest in anti-counterfeit measures.
5. Globalization of Pharmaceutical Supply Chains: The globalization of pharmaceutical supply chains has made them more vulnerable to counterfeiting. This has led to the adoption of comprehensive anti-counterfeit strategies to safeguard products throughout the supply chain, from manufacturing to distribution.

Industry Restraints:

1. Cost of Implementation: One of the primary restraints is the cost associated with implementing anti-counterfeit measures. Pharmaceutical companies may find it challenging to justify the initial investment required for deploying sophisticated anti-counterfeit technologies, especially for smaller or generic drug manufacturers.
2. Complexity and Integration Challenges: Integrating anti-counterfeit technologies into existing packaging processes can be complex and time-consuming. Pharmaceutical companies may face technical challenges in seamlessly integrating these solutions into their production lines without disrupting operations.
3. Resistance to Change: Resistance to change within the industry can hinder the adoption of anti-counterfeit technologies. Some companies may be hesitant to invest in new technologies or upgrade existing systems due to concerns about disruptions, compatibility issues, or reluctance to depart from traditional packaging methods.
4. Counterfeiters’ Innovation: Despite advancements in anti-counterfeit technologies, counterfeiters are also continually innovating their methods to bypass security measures. This ongoing cat-and-mouse game presents a challenge for pharmaceutical companies in staying ahead of counterfeiters and maintaining the efficacy of their anti-counterfeit strategies.
5. Global Variability in Regulations: Regulatory requirements for anti-counterfeit measures vary across different regions and countries, leading to compliance challenges for multinational pharmaceutical companies. Navigating the complex regulatory landscape and ensuring compliance with diverse standards can be a significant restraint for companies operating in multiple markets.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-2385

Competitive Landscape

Leading anti-counterfeit pharmaceutical packaging manufacturers increasingly focus on expanding their product offerings to strengthen their customer base. They are adopting growth strategies such as new product launches, partnerships, acquisitions, mergers, collaborations, etc.  They expand their global footprint and gain a competitive edge in the market by following these strategies.

Some pharma companies have set up departments whose primary function is safeguarding their brand name from counterfeiting and illicit replication, raising the demand for anti-counterfeit pharmaceutical packaging.

• IBM has been exploring the use of blockchain technology in pharmaceutical supply chains. They have collaborated with various pharmaceutical companies and regulatory bodies to create transparent and secure systems for tracking the provenance of pharmaceutical products
• Systech offers serialization and traceability solutions for pharmaceutical companies. Their platform helps pharmaceutical manufacturers comply with track-and-trace regulations and provides real-time visibility into the supply chain.
• Optel Group provides traceability and serialization solutions for the pharmaceutical industry. They have actively implemented track-and-trace systems to prevent counterfeit drugs from entering the supply chain.

Some of the key players in the global anti-counterfeit pharmaceutical packaging market are

• Alien Technology
• ATL Security Label Systems
• CCL Industries
• SICPA Holdings
• Schott AG
• Gerresheimer AG
• Klockner Pentaplast Group
• Ardagh Group S.A.
• Nipro Corporation
• Authentix Inc.
• TruTag Technologies Inc.
• Zebra Technologies Corporation
• Alpvision SA
• OpSec Security Inc.
• Savi Technology Inc.
• 3M
• Stevanato Group.

Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/2385

Key Segmentations:

By Packaging Format :

• Bottles & Jars
• Vials & Ampoules
• Blisters
• Trays
• Pouches & Sachets
• Others (Tubes, Syringes, etc.)

By Printing Technology :

• RFID
• Security Inks & Coatings
• Security Seals
• Holograms
• Mass Encryption
• Barcode
• Mass Serialization

By Adhesion :

• Permanent
• Removable
• Repositionable

By End-application :

• Pharma & Biological
• Medical & Supplies
• Gloves
• Scissors
• Syringes & Needles
• Surgical Tapes
• Others
• Medical Equipment
• Surgical
• Therapeutic
• Diagnostic

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

With a projected compound annual growth rate (CAGR) of 4.2%, the global beverage packaging market is set to achieve a valuation of US$ 164 billion by 2033. By 2023, the market is poised to reach US$ 108.7 billion, driven by initiatives aimed at incorporating environmentally friendly packaging alternatives and leveraging technological innovations. This growth trajectory reflects the industry’s commitment to sustainability and adaptation to changing consumer preferences. As beverage companies strive to reduce their carbon footprint and enhance product safety, the adoption of innovative packaging solutions is expected to play a pivotal role in shaping the market landscape over the coming years.

The beverage packaging market is experiencing substantial growth, fueled by various factors. One primary driver is the evolving preferences of consumers, leading to the adoption of packaging materials that enhance different aspects of beverage packaging.

Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-196

These materials are selected to improve properties such as strength, aroma retention, heat insulation, sealing, and moisture barriers, collectively contributing to the overall quality of the packaged beverage. There is a growing demand for smaller packaging formats, flexible bags, and pouches in the market. The integration of active and intelligent systems in beverage packaging is also boosting market growth, providing advanced features and functionalities.

The choice of packaging materials is a critical factor in the beverage packaging market. Various materials, such as glass, polymers, metals, and paperboard, are combined based on the chemical composition and value of the beverage. This diversity allows beverage manufacturers to select the most suitable option for their products, considering factors like extending shelf life and preserving beverage quality.

Several macroeconomic factors are positively influencing the growth of the beverage packaging market. The increasing global population and changing lifestyles are driving demand for convenient and efficient packaging technologies. Consumers, with rising disposable incomes, are inclined towards premium products.

The prominence of PET (polyethylene terephthalate) material as a popular choice for packaging raw materials is noteworthy. The transition from unpackaged to packaged products, particularly in emerging economies, presents lucrative opportunities for players in the beverage packaging market.

Business Drivers:

1. Innovation and Sustainability:
   • Growing consumer demand for sustainable packaging solutions has led to increased innovation in eco-friendly materials and designs.
   • Companies are adopting recycled and recyclable materials to reduce environmental impact.
2. Convenience and Portability:
   • The demand for on-the-go and convenient packaging options continues to drive innovation in lightweight and easy-to-carry beverage packaging.
3. Health and Wellness Trends:
   • Rising awareness of health and wellness has influenced the demand for packaging that preserves the nutritional content of beverages while providing information about ingredients and benefits.
4. Brand Differentiation:
   • Packaging plays a crucial role in brand differentiation. Companies invest in unique and visually appealing packaging to stand out on the shelves and attract consumers.
5. E-commerce Growth:
   • The increasing popularity of online shopping has driven the need for robust and protective packaging solutions to ensure the safe delivery of beverages.

Market Restraints:

1. Costs and Economic Factors:
   • Fluctuations in raw material prices and economic challenges can impact production costs, affecting the overall profitability of beverage packaging.
2. Environmental Concerns:
   • While sustainability is a driver, there are also challenges in finding cost-effective and truly sustainable alternatives. Balancing environmental concerns with economic viability can be a restraint.
3. Supply Chain Disruptions:
   • Disruptions in the supply chain, as seen during global events or natural disasters, can impact the availability and cost of packaging materials.
4. Changing Consumer Preferences:
   • Rapid shifts in consumer preferences can pose challenges for manufacturers who must adapt packaging designs and materials to meet evolving demands.
5. Stringent Regulations:
   • While regulatory compliance is a driver, overly strict regulations or sudden changes in standards can pose challenges for businesses in terms of adaptation and cost.

Key Takeaways from the Market Study

• The market in 2022 was valued at US$ 3 billion.
• The valuation of the market in 2018 was US$ 96.7 billion.
• Based on product type, liquid cartons are likely to register a market share of 35.2% by 2023.
• The beverage packaging market size expanded at a 1.9% CAGR between 2018 and 2022.
• India is expected to lead the market, expected to register a 6.1% CAGR until 2033.
• By application, beverage packaging for non-alcoholic drinks is expected to accumulate a 54.7% revenue share in 2023.

“Stringent governmental regulations addressing packaging waste and decomposition are considered one of the key restraints of the beverage packaging market,” comments a Future Market Insights analyst.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-196

Competitive Landscape

The sector possesses a considerable assortment of market contributors. Innovation and research assume a crucial role among these entities, primarily emphasizing incorporating environmentally sustainable product ranges as a fundamental element of their production initiatives.

Key players deploy various expansion tactics, such as partnerships, corporate mergers and acquisitions, and thorough examination of regulatory authorizations, to reinforce their foothold in the market.

The Major Key Players Are:

• Crown Holdings Inc.
• Amcor Limited
• Ardagh Group S.A
• Ball Corporation
• Gerresheimer AG
• Owens-Illinois Inc.
• Berry Global Inc.
• Beatson Clark Ltd.
• Intrapac International Corporation
• BA Glass Germany GmbH
• Nampak Ltd.
• Vidrala S.A
• Silgan Containers LLC
• Orora Packaging Australia Pty Ltd.

Key Developments

• In September 2022, a deal worth US$ 530 million was successfully concluded between Ball Corp and Arnest Group, involving the beverage packaging business in Russia. Following Russia’s invasion of Ukraine in March, the sustainable metal packaging manufacturer downsized its operations, including five production facilities in Russia.
• In October 2022, Berry Global continuously innovated and invested in working toward the world goal of a net-zero economy. As an industry leader, efforts were made to reduce greenhouse gas emissions and increase renewable energy uses

Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/196

Key Segmentations-

By Product Type:

• Liquid Cartons
• Beverage Cans
• Glass Bottles
• Plastic Bottles
• Others

By Material:

• Glass
• Plastic
• HDPE
• LDPE
• PET
• PP
• Metal
• Paper/Paperboard

By Application:

• Alcoholic Drinks
• Beer
• Wine
• Spirits
• Other Alcoholic Beverages
• Non-Alcoholic Drinks
• Fruit Juices
• Carbonated Drinks/Soda
• RTD Beverages
• Bottled Water
• Tea & Coffee
• Milk Products
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube