Anti-Counterfeit Packaging Market - Forecast(2020 - 2025)
Anti-Counterfeit Packaging Market Overview: According to the most recent statistics released by the Organization of Economic Co-operation and Development in 2017, the world exports of manufactured counterfeit goods had grown 6% per year from 2001 and 2013 that translates to $1.6 trillion with China contributing to almost one-third of the sum. [1] This partially attributes to the practice of counterfeit packaging that has paced-up due to a lot of fraud companies reproducing counterfeit products of prominent brands belonging to various sectors across the globe. The practice not only violates the copyrights of many organizations but also deviates a major part of the customer base towards the pirated and replicated products, and that leads to financial damages. A gamut of organizations is incorporating anti-counterfeit packaging to ameliorate the situation which is leading to growth prospects in the anti-counterfeit packaging market that was gauged to be $95,400 million worth in 2018.