The anti-counterfeit pharmaceutical packaging market is estimated to be valued at USD 108.1 billion in 2023 according to estimates. The market is expected to reach USD 246.6 billion by 2033 developing at a CAGR of 8.6%.
Anti-counterfeit Pharmaceutical Packaging Trend Analysis
Attributes | Key Insights |
---|---|
Anti-counterfeit Pharmaceutical Packaging Market Estimated Size in 2023 | USD 108.1 billion |
Projected Market Value in 2033 | USD 246.6 billion |
Value-based CAGR from 2023 to 2033 | 8.6% |
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A study by our analysts found that a 7.6% CAGR was experienced between 2018 and 2022 in the market. Global demand for anti-counterfeit pharmaceutical packaging is predicted to increase at a CAGR of 8.6% from 2023 to 2033.
Several agencies, such as the US FDA & WHO, enforce appropriate measures to prevent illegal drug channeling in the market. In turn, it drives the growth of anti-counterfeit pharmaceutical packaging. These efforts encourage pharma manufacturers to explore new possibilities.
Pharmaceutical manufacturers are also integrating innovative options with conventional solutions, such as integrating authentication and track & trace elements with the advancement in technology.
The increasing emergence of new anti-counterfeiting technologies, such as edible micro tags can only be scanned through the utilization of the manufacturer's proprietary equipment. It is also helping expand the global anti-counterfeit pharmaceutical packaging market.
The anti-counterfeit pharmaceutical packaging market is responding at a positive growth rate, likely to continue during the forecast period.
Historical CAGR from 2018 to 2022 | 7.6% |
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Forecast CAGR from 2023 to 2033 | 8.6% |
The table below showcases revenues in the top 5 leading countries, spearheaded by the United States and the United Kingdom. Through 2033, these two countries are likely to dominate the market, with market values of USD 187.5 billion and USD 176.4 billion comparatively.
Expected Market Values in 2033
Germany | USD 148.6 billion |
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India | USD 145.3 billion |
The United States | USD 187.5 billion |
China | USD 167.5 billion |
The United Kingdom | USD 176.4 billion |
Forecast CAGRs from 2023 to 2033
Germany | 8.1 % |
---|---|
India | 8.0% |
The United States | 8.5 % |
China | 8.3% |
The United Kingdom | 8.4% |
The United States is estimated to expand at a CAGR of 8.5% in the anti-counterfeit pharmaceutical packaging market by 2033 in North America. The market is expected to reach a valuation of USD 187.5 billion by the end of 2033.
The presence of stringent anti-counterfeiting laws that mandate traceability and authentication in the leading economy of the United States is driving the market in the region. Also, the rising preference for expensive and technologically superior solutions by regional manufacturers is supplementing the growth of the market.
China is expected to account for a CAGR of 8.3% in 2023. The pharmaceutical market in China is among the largest in the world, but it faces significant challenges related to counterfeit drugs. The government of China has introduced serialization and traceability requirements for pharmaceuticals to combat counterfeit products, driving the market demand.
Local companies and international players are investing in anti-counterfeit technologies to tap into this growing market. The government of China has introduced serialization requirements, promoting the use of QR codes and RFID technology for track-and-trace, which are expected to boost the market growth in the country.
India is anticipated to offer attractive growth opportunities for the global anti-counterfeit pharmaceutical packaging market. The anti-counterfeit pharmaceutical packaging market is expected to grow in the county due to the booming pharmaceutical industry and the growing online retail sales of pharmaceuticals.
Key drivers expanding the market in India include growing consumer demand for safe, authentic products, and the need for secure packaging solutions. A low number of government policies are unable to prevent drug stores from distributing pharmaceutical products without registration, leading to increased counterfeiting. The anti-counterfeit pharmaceutical packaging market in India is estimated to be worth nearly USD 145.3 billion in 2023.
Germany is expected to have a market value of USD 148.6 billion in the anti-counterfeit pharmaceutical packaging industry in 2023. The market in Germany is expected to grow due to technological advancements in packaging solutions.
The country is a leader in innovation and technology. As the demand for high-quality packaging solutions grows, manufacturers in Germany are developing new and innovative ways to prevent counterfeiting.
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RFID technology is expected to account for a significant share of the global market owing to its efficiency and efficacy in tracking high-value items. This sector is expected to develop at a CAGR of 7.8 through 2033. Equipped with microchips, RFID tags offer functionality that can be utilized for security purposes.
RFID-enabled packages have proven useful in preventing fake drug concentration in the global market. The growing adoption of RFID technology is propelling the global anti-counterfeit pharmaceutical packaging market forward.
Bottle and jar sales are expected to record a 7.6 % CAGR from 2023 to 2033. The bottles & jars packaging format is mostly used in pharmaceuticals for the packaging of various drugs. Bottles and jars are commonly used containers for various medications, including pills, tablets, capsules, and liquid formulations.
A bottle or jar can be assigned a unique serial number encoded in a barcode on the packaging label. This allows for precise tracking and traceability, making detecting counterfeit products in the supply chain easier.
Category | %CAGR |
---|---|
RFID | 7.8% |
Bottles & Jars | 7.6% |
Players in the global anti-counterfeit pharmaceutical packaging market are increasing their investments in research and development. It is to come up with new types of unique anti-counterfeiting technologies like RFID, among others.
Some of the key anti-counterfeiting printing technologies used by manufacturers in the global market include security inks and coatings, holograms, barcodes, RFID, security seals, mass encryption, and mass serialization.
Attributes | Details |
---|---|
Estimated Market Size in 2023 | USD 108.1 billion |
Projected Market Valuation in 2033 | USD 246.6 billion |
Value-based CAGR 2023 to 2033 | 8.6% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
Key Market Segments Covered | Packaging Formats, Technology, End Applications, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
Key Companies Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
The market is expected to be valued at USD 108.1 billion in 2033.
The market is expected to reach USD 246.6 billion by 2033.
The sales are expected to flourish at a CAGR of 8.6% through 2033.
The RFID segment is likely to account for a market CAGR of 7.8% in 2023.
The United States is likely to be the top-performing market and is expected to account for a CAGR of 8.5% by 2033.
Estimated Size, 2025 | USD 1,133.9 million |
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Projected Size, 2035 | USD 1,494.5 million |
Value-based CAGR (2025 to 2035) | 2.8% |
Market Size (2023) | USD 35.48 billion |
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Sales Forecast (2033) | USD 83.23 billion |
Market CAGR (2023 to 2033) | 8.9% |
Market Size (2023) | USD 1.5 billion |
---|---|
Market Size (2033) | USD 3.5 billion |
Market CAGR (From 2023 to 2033) | 8.7% |
Market Value (2023) | USD 31.0 billion |
---|---|
Market Expected Value (2033) | USD 52.2 billion |
Market Projected CAGR (2023 to 2033) | 5.3% |
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