Pharmaceuticals and Food Anti-Counterfeiting Technologies Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Competitive Scenario and Forecasts, 2015 to 2022

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Pharmaceuticals and Food Anti-Counterfeiting Technologies

Market Size, Market Share, Application Analysis, Regional

Outlook, Growth Trends, Competitive Scenario And

Forecasts, 2015 To 2022

Industry Insight

Counterfeiting enables the user to verify the authenticity of pharmaceuticals & drug products and use

disposable procedure to avoid authorization diversion. Pharmaceuticals and foods are protected in such

manner that the product package can only be used after defacing or damaging the package. Rising

awareness of consumer about counterfeiting and increasing availability counterfeited products in local

market are the prime drivers of the global pharmaceutical and food anti-counterfeiting technology

market.

Continuously increasing government support to eradicate counterfeited products in both developing

and developed economies is other supporting factor of growth of this market. The rising demand of

advanced technologies such as use of ultra-high RFID tag to trace pharmaceuticals and food products to

avoid counterfeiting.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

One of the research results in US declared that due to counterfeiting U.S. losses USD 300 billion worth of

revenue every year. It is basically done to avoid fake contents and protect the goodwill of the company

owing to counterfeited products affect the brand image and provide poor product quality at the same

time. Increasing rate of cheap and poor quality counterfeit products particularly pharmaceutical and

food industry is likely to drive the market over the forecast period. Major technologies coupled with

anti-counterfeiting market include convert feature enabling, visible feature enabling, forensic, and track

& trace technology. Emerging nation consist a large potential...