Anti-counterfeit Pharmaceutical Packaging Market is Growing Rapidly with Toppan Printing collaborating with Amcor to provide NFC tag-based anti-counterfeiting solution

 

Pharmaceutical packaging for pharmaceuticals is made from a number of different materials, including plastics and glass. Most manufacturers will use plastic or glass for the packaging of their medications since it is the easiest and most cost-effective option available. However, there are those manufacturers that use other materials to develop their packaging for pharmaceuticals. Plastic and glass are used to create 'pressure boxes' and these manufacturers ensure that the boxes are manufactured to the highest quality standards possible. Each box is then packed with high-quality cardboard, which ensures that the packaging will withstand harsh environments.

Stringent laws and regulations enforced by governments are expected to drive growth of the global anti-counterfeit pharmaceutical packaging market. The government of many countries has enforced stringent regulations and laws to curb the counterfeiting of products. Furthermore, in September 2020, the International Trademark Association (INTA) announced to step up its efforts to combat counterfeit products with new laws under consideration. Moreover, in December 2019, in the U.S., the SANTA Act (Stopping All Nefarious Toys in America Act) was introduced that set requirements for online marketplaces selling toys to verify seller information and disclose it to consumers. Furthermore, in June 2020, Europol sized over 1,300 tons of fake pesticides, which could fill 458 Olympic-sized pools. Such factors are expected to drive growth of the global anti-counterfeit pharmaceutical packaging market. Furthermore, rising focus of manufacturers on brand protection is expected to boost the global anti-counterfeit pharmaceutical packaging market growth in the near future.

High initial cost combined with major R&D investment is expected to restrain growth of the global anti-counterfeit pharmaceutical packaging market. However, increasing demand from emerging economies and the availability of remote authentication of products technology can present lucrative growth opportunities in the global anti-counterfeit pharmaceutical packaging market. Among regions, North America is expected to witness significant growth in the global anti-counterfeit pharmaceutical packaging market. This is owing to the presence of stringent anti-counterfeit laws across the region. Furthermore, Europe is expected to register a robust growth rate, owing to the presence of prominent medical and pharmaceutical companies such as AstraZeneca, Johnson & Johnson, Sanofi, Roche Ltd., and GlaxoSmithKline plc in the region.

Major companies involved in the global anti-counterfeit pharmaceutical packaging market are Zebra Technologies, Impinj, Inc., Alien Technology Corp., Microtrace, LLC, AlpVision, SICPA HOLDING SA, and Avery Dennison Corp.

For instance, in September 2019, Toppan Printing collaborated with Amcor to provide NFC tag-enabled anti-counterfeiting solutions for the wine and spirits market.