Latest Updated Market Research Report With COVID-19 Impact on Anti-counterfeit Clothing and Accessories Packaging Market 2020 newyorktelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorktelegraph.com Daily Mail and Mail on Sunday newspapers.
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The Global Anti-counterfeit Pharmaceuticals and Cosmetics Packaging Market was valued at USD 70.16 billion in 2019, is estimated to reach USD 335.90 billion by 2030, expanding at a CAGR of 15.3% during the forecast period from 2020 to 2030.
Rapid increase in counterfeiting activities, specifically in the pharmaceuticals and cosmetic industries are creating demand for anti-counterfeiting measures. The anti-counterfeit pharmaceuticals and cosmetics packaging assist in avoiding piracy of products, ensure the trade of authentic pharmaceutical and cosmetic products, and prevent counterfeiting activities. There are several technologies used to prevent counterfeiting activities including authentication technology, track & trace technology, serialization, RFID readers, and barcodes scanners among others.