Anti-counterfeiting solutions to protect consumers and brands
Counterfeiting is predicted to increase 3% per year worldwide, according to a research report from The Association for Packaging and Processing Technologies (PPMI).
In turn, this will lead to increased growth in the anti-counterfeiting market over the next five years with CAGRs ranging from 12.8% to 16%. The growth of the global anti-counterfeiting market will outpace the overall combined market segment growth of food, beverage and pharmaceutical industries by roughly two to three times in the next five years.
“As this trend continues to increase on a global level, it is of paramount importance that all involved in the packaging and processing industry make continued efforts to maintain tracking control in order to prevent counterfeiting and aid in product recall,” says Paula Feldman, director of business intelligence from PMMI.
“With North America alone accounting for 50% percent of the total growth of the global anti-counterfeit food packaging market in 2014, it is increasingly important that we as an industry continue to take the necessary action to protect our brands, as well as those around the globe.”
Brand owners looking for anti-counterfeiting solutions will find them among the 400 exhibitors at Pack Expo East 2017, the industry’s premier trade show experience in the East returning to Philadelphia (27 Feb–1 March 2017).
