The global anti-counterfeiting packaging market size is projected to reach USD 189.9 billion by 2026, exhibiting a CAGR of 7.8% during the forecast period. Rising menace of flagrant counterfeiting on e-commerce platforms is likely to emerge as the central growth driver for this market, E-commerce platforms have become a breeding ground for counterfeiters to sell fake products to unsuspecting customers.
The report on this market states that the market value stood at USD 104.5 billion in 2018. Besides this, the report shares the following information:
- Diligent segmentation of the market and careful study of each segment;
- Detailed evaluation of the factors driving and restraining the market;
- Comprehensive research into the regional and competitive dynamics influencing the market; and
- Precise computation of market values and figures.
Market Driver
Concerted Efforts to Tackle Counterfeiting to Boost the Market
Counterfeiting practices are running rampant across all the major sectors and industries around the world. These practices have gained firm ground in critical sectors and have the potential to cause serious, long-term damage to the healthof consumers. For example, the World Health Organization estimates that roughly 10% of the pharmaceutical drugs and medicines sold in low- and middle-income countries are fake or substandard.
Information Source:
https://www.fortunebusinessinsights.com/anti-counterfeiting-packaging-market-102692
