Anti-Counterfeit Packaging Market Scope and Key Players Analysis by 2030
Anti-Counterfeit Packaging Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 159.10 Million |
| Market Size by 2030 | US$ 435.98 Million |
| Global CAGR (2022 - 2030) | 13.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
COVID-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemicals & materials industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Due to the pandemic-induced economic recession, consumers became more cautious and selective in their purchasing decisions. Nonessential purchases were significantly reduced by consumers due to low incomes and uncertain earning prospects, especially in developing regions. Many manufacturers of anti-counterfeit packaging faced a decline in profits due to reduced consumer demand during the initial phase of the pandemic. However, by the end of 2021, many countries were fully vaccinated, and the governments of these countries announced relaxation in certain regulations, including lockdowns and travel bans. People started traveling to different places, which increased the demand for anti-counterfeit packaging, boosting the anti-counterfeit packaging demand. All these factors had a positive impact on the growth of the anti-counterfeit packaging market across the globe.
Competitive Landscape and Key Companies:
A few of the prominent players operating in the global anti-counterfeit packaging market include Arjo AB, Octane5 International LLC, Antares Vision SpA, CCL Industries Inc, Avery Dennison Corp, The Label Printers LP, KURZ Transfer Products LP, Gestion Groupe Optel Inc, Brady Corp, and Constantia Flexibles International GmbH. These players offer high-quality anti-counterfeit packaging and cater to a large number of consumers in the global market.
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