Skip to main content

Anti-counterfeit Food Packaging Market: Influential Factors Determining the Trajectory of the Market

The malpractice of introducing counterfeit products is severely affecting the global food industry, causing legitimate and well-established brands tangible and intangible losses. Such unethical practices affect the revenue of food companies and also creates distrust towards brands among end-users. Major players in the global food industry are constantly striving to remove counterfeit products from their supply chain, as these affect their sales revenue, thus impacting profits.

Besides this, poor quality of counterfeit products affects respective brand image of various companies and also raises severe health concerns among consumers. Well-industrialised counterfeit products are so well packaged that normal detection techniques are unable to effectively spot any difference during regular inspection, and these products are sent to the retail market for sale. Each year, major players in the global food industry suffers losses, estimated in hundreds of million dollars, due to the presence of counterfeit products in the market.

Anti-counterfeit food packaging technology has emerged in the recent past, and has been proving to be an efficient and important solution against counterfeiting globally. Since food products are available easily at all levels of the market, the food industry is most vulnerable. Increasing cases of counterfeiting in the food industry are forcing manufacturers to use anti-counterfeit food packaging at various levels, and this is expected to increase growth of the concerned market significantly over the forecast period.

The global anti-counterfeit food packaging market is projected to account for significantly high revenue by end of 2024. Several efficient and innovative technologies are fast emerging in the market for validation of original products, which are gaining popularity among manufacturers globally. In addition, increasing use of highly efficient RFID technologies is one of the most significant factors expected to drive overall growth of the anti-counterfeit food packaging market globally.

Brochure For Recent Industry Insights https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9320

Rising health awareness among consumers, understanding of the hazards associated with forged or counterfeit products, and emergence of anti-counterfeit technologies are factors expected to fuel growth of the global anti-counterfeit food packaging market over the forecast period. Besides, increasing government regulations for eliminating counterfeit food products from local markets is also encouraging global companies to invest more in advanced anti-counterfeit technologies.

Intense capital expenditure for anti-counterfeit technology setups and their impact on the product distribution system and supply chain network are factors expected to hamper growth of the anti-counterfeit food packaging market.

For Detail Analysis Get Table Of Content https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=9320

The global anti-counterfeit food packaging market is segmented on the basis of technology and regions. The technology segment is categorized into authentication packaging technology and track and trace packaging technology. The authentication technology is further sub-segmented into ink & dyes, holograms, watermarks and taggants. The track and trace packaging technology is sub-segmented under barcode technology and RFID technology.

In terms of geography, the global anti-counterfeit food packaging market is segmented into seven main regions namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan. Due to high awareness about the technology and products, North America is expected to hold the largest market share in the global anti-counterfeit food packaging market, followed by Europe. The Asia Pacific anti-counterfeit food packaging market is expected to expand at the highest CAGR in terms of revenue over the forecast period.

Some key players in the market include Zebra Technologies, Alien Technology Corp., AlpVision, Avery Dennison Corp., SICPA HOLDING SA and others.

Comments

Popular posts from this blog

Aerospace Window Frame Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Aerospace window frames are used in the cockpit windshields and passenger cabin windows to provide rigidity to the windows. Metal window frame is used widely in aircrafts. Increase demand of cockpit windshield frame in different countries such as India, Brazil and China among others is the one of the major factor boosting the market for aerospace window frame during the forecast period of 2017 – 2025. Based on aircraft type, the global aerospace window frame market is segmented into wide body aircraft, narrow body aircraft, very large aircraft, general aviation and regional aircraft. Among various aircraft types, in 2016, the wide body aircraft segment is estimated to be the major market followed by very large aircraft and expected to be the same during the forecast period of 2017 – 2025. Increasing regional and commercial aircraft deliveries is expected to be one of the major factor fueling the regional aircraft segment in global aerospace window frame market during the fo...

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

  Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology.  A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liqu...

Light Weapons Market: Key Players and Production Information analysis with Forecast 2025

Light weapons are weapons which are used by two or three persons serving as a crew, although some of them may be carried and used by a single person. Light weapons are basically used by militaries around the world and its applications have increased widely among armed groups. They include, inter alia, heavy machine guns, hand-held under-barrel and mounted grenade launchers, portable anti-aircraft guns, portable anti-tank guns, recoilless rifles, portable launchers of anti-tank missile and rocket systems, portable launchers of anti-aircraft missile systems as well as mortars of a caliber of less than 100 millimeters. The latest generation of light weapons is more destructive, more portable, and generally more competent than older systems, raising concerns about their uncontrolled generation. Light weapons are represented by their durability, cost effectiveness, accessibility and utility. In terms of military and non-military demand, such criteria perfectly match the needs of those who...