Anti-Counterfeit Packaging Market To Reach USD 248.90 Billion By 2026.
Anti-Counterfeit Packaging Market Size – USD 111.70 Billion in 2018, Market Growth – CAGR of 10.4%, Anti-Counterfeit Packaging Industry Trends – High demand from the pharmaceutical industry.
The rising focus of manufacturers on brand protection to lower the counterfeit is driving the market for the anti-counterfeit packaging market.
The global anti-counterfeit packaging market is forecast to reach USD 248.90 Billion by 2026, according to a new report by Reports and Data. The rise in globalization has increased the level of counterfeit across the globe. Counterfeit goods include jewelry, electronic equipment, clothing, medications, and cigarettes, among others. Secure packaging is witnessing a high demand to avoid counterfeit products.
Anti-counterfeiting packaging is the action of assigning secure packaging to the product to minimize counterfeiting and infringement. The market for counterfeit products is growing across the globe, and manufacturers are working harder to combat this threat. Counterfeiting is a significant threat in many market sectors. The pharmaceutical industry is the most at risk because of the proliferation of dangerous and illegal substance used in counterfeit drugs.
Companies are adopting anti-counterfeiting packaging to prevent imitation and confirm the safety of the goods. Moreover, counterfeiting leads to reduced profitability and loss in brand value for the affected company.
Lear MoreAnti-Counterfeit Packaging Market To Reach USD 248.90 Billion By 2026.
Anti-Counterfeit Packaging Market Size – USD 111.70 Billion in 2018, Market Growth – CAGR of 10.4%, Anti-Counterfeit Packaging Industry Trends – High demand from the pharmaceutical industry.
The rising focus of manufacturers on brand protection to lower the counterfeit is driving the market for the anti-counterfeit packaging market.
The global anti-counterfeit packaging market is forecast to reach USD 248.90 Billion by 2026, according to a new report by Reports and Data. The rise in globalization has increased the level of counterfeit across the globe. Counterfeit goods include jewelry, electronic equipment, clothing, medications, and cigarettes, among others. Secure packaging is witnessing a high demand to avoid counterfeit products.
Anti-counterfeiting packaging is the action of assigning secure packaging to the product to minimize counterfeiting and infringement. The market for counterfeit products is growing across the globe, and manufacturers are working harder to combat this threat. Counterfeiting is a significant threat in many market sectors. The pharmaceutical industry is the most at risk because of the proliferation of dangerous and illegal substance used in counterfeit drugs.
Companies are adopting anti-counterfeiting packaging to prevent imitation and confirm the safety of the goods. Moreover, counterfeiting leads to reduced profitability and loss in brand value for the affected company.
North America held the largest share of 31.4% in 2018 in the anti-counterfeit packaging market. High demand from healthcare products, electronics, food and beverages, and cosmetics, is driving the growth of this market. Awareness among consumers is quickly leading to an increase in demand for transparency, which is boosting the traceability of these products. In order to cater to the rising demand, manufacturers are coming up with innovative technologies in equipment with specific functionalities for efficient identification and tracking of products.
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Communication, Coordination and Collaboration- Strengthening the fight against counterfeiting and smuggling, Karnataka
31/08/2019 | Karnataka
The connectivity of the world’s population has increased phenomenally during the past decades extending the reach of illicit trade to the remotest corners. Technological advent, fast communication channels and globalisation have given impetus to the exponential growth of illicit trade in dangerous forms, such as counterfeiting, smuggling and piracy. According to the World Economic Forum, the economic leakages from illicit trade creates an annual drain on the global economy of $2.2 trillion, which is nearly 3% of the world’s economy.
In order to discuss this growing concern, FICCI CASCADE organised a seminar on “Communication, Coordination and Collaboration: Strengthening the Fight against Counterfeiting and Smuggling” in association with the National Law School of India University, Bengaluru on 31st August 2019. Mr. Ullas Kamath, Chairman, Karnataka State Council, FICCI in his welcome address said that while the national GDP was growing at a rate of 5%, the growth of counterfeit goods was outpacing it at nearly 10%. He added that it was imperative to understand the need for safeguarding the rights of legitimate industry towards developing competitiveness in various sectors of the economy. Mr. Najib Shah, Former Chairman, Central Board of Indirect Taxes and Customs and Think Tank Member, FICCI CASCADE in his theme address, stated that “the realization of the damage counterfeiting causes is not appreciated. On the other hand, smuggling results in generation of unaccounted wealth and is the immediate trigger for criminal activities. We should aim to work towards creating an environment where people will want to be innovators and manufacturers and importers without fear of their work being plagiarised or having to compete with smugglers”.
“Compounding the problem is that counterfeiting has a nebulous definition”, observed Hon’ble Ms. Justice Prathiba M. Singh, Judge, Delhi High Court, the Chief Guest at the programme. While commending FICCI CASCADE’s continued campaign in addressing the menace of smuggling and counterfeiting, Justice Pratibha Singh emphasized on the need for education, awareness and sensitization campaigns amongst consumers, specially the country’s youth, to effectively deal with the problem of illicit trade.
Prof. Dr. M.K. Ramesh, Vice-Chancellor, National Law School of India University, in his address, mentioned that “tackling the menace of counterfeiting and smuggling should be of prime importance with zero defect and zero-effect on the environment. The image of India will shine globally if we strengthen our enforcement of laws, evolve strategies to address this issue and at the same time safeguard the intellect”. The Vice-Chancellor extended his support and ensured the Law School’s commitment to work with FICCI CASCADE in its fight against smuggling and counterfeiting.
The seminar generated discussions on shortcomings in the existing legal framework and likely solutions among senior officials including Mr. Pravin Pawar, DIG-CID, Karnataka State Police, Mr. P P Hegde, Criminal Lawyer, Karnataka High Court, Dr. Nagarathna, National Law School, Mr. S K Murthy, Patent Counsel, Intel India and Ms. Vijayalakshmi Malkani, IP Counsel, Hindustan Unilever. Hon’ble Mr. Justice Manmohan Sarin, Former Lok Ayukta, NCT of Delhi, Chief Justice, High Court of Jammu & Kashmir, Judge, High Court of Delhi and Think Tank Member, FICCI CASCADE, who chaired the panel discussion, said that “our society sees counterfeit goods as a cost-effective alternative to the real thing. But how many people realise that the income from fake goods is funding illegal activities?”. DIG CID Mr. Pawar remarked that many junior police officers lacked the skills required to tackle illicit trading activities. “The police’s priority is basic law and order. Even when anti-counterfeiting busts are effective, convictions are low because of slow justice in courts” he added.
The subsequent panel discussions focused on the issue of online counterfeiting, potential solutions with respect of enforcement and policy guidelines by concerned government departments. Eminent panelists in the deliberations included Mr. A. K, Jyotishi, Chief Commissioner of Customs, Bengaluru Zone, Mr. T G Venkatesh, Additional Director, DRI, Bengaluru Zone, Mr. Harikrishna Holla, Advocate, Dr. Anita A Patil, Assistant Professor, NLSIU, Mr. Pradeep Dixit, General Manager-Industry Affairs, ITC and Mr. Diwakar Singh Pundir, Head Legal & IP, Marico Limited. Mr. P C Jha, Advisor, FICCI CASCADE and Former Chairman, Central Board of Indirect taxes and Customs, while chairing the session, highlighted that in the last twenty years, the volume of counterfeiting activities globally had increased 100 times and the size of trade in counterfeited goods was 10% of the legal international trade amounting to 2% of the world’s overall economic output. “The problem of illicit trade is much more serious than it is commonly perceived”, he emphasized.
Prof. (Dr.) T. Ramakrishna, Professor of Law, Chair of Intellectual Property Rights, Head, CIPRA, Head, Institute of Excellence on Standards and IPR, elaborated on the best practices in dealing with the counterfeiting issue globally, citing laws in the US, Turkey, Canada, UAE and Japan, along with Mr. Ranjan Narula, Managing Partner, RNA, who spoke on the laws in the US and Canada.
The event witnessed enthusiastic participation of over 100 industry captains, representative from consumer forums, lawyers, government officials and other stakeholders. The program concluded with the participating delegates agreeing on the following proposals:
1. The primary concern in tackling the growing phenomenon of illicit trade is the implementation and enforcement of laws, as the legal framework is adequate.
2. There is a need to train judicial and police officers for ease of implementation and prosecution of such cases.
3. The need to understand that the consumers are also an important stakeholder. Involving them to fight the increasing menace is essential to tackle this isuue.
4. Naming and shaming both users and producers of counterfeit products is another essential mechanism, which will lead to shunning of the products by the consumers themselves, thereby leading to a change in the mindset of the people.
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Pharmaceuticals and Food Anti-Counterfeiting Technologies Market 2019: Worldwide Industry Details by Top Manufacture, Price, Raw Materials, Supply-Demand, Recent Trends, Share, Development Trend and End User Analysis, Outlook for 2022
Global Pharmaceuticals and Food Anti-Counterfeiting Technologies Market 2019 research report presents you an in-depth analysis of market size, share, growth, trends, cost structure, CAGR, statistical and comprehensive data of the global market.
Global “Pharmaceuticals and Food Anti-Counterfeiting Technologies Market” gives exceptional analysis of industry over the time period of 2019-2022. The analysis states all the factors affecting the growth of the Pharmaceuticals and Food Anti-Counterfeiting Technologies market, highlighting the industry peers, growth, latest trends, market size, current and future growth analysis with up to date information.
Global Pharmaceuticals and Food Anti-Counterfeiting Technologies Industry 2019 Market Research Report is spread across122pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector. Likely, the report also focuses on global major manufacturers of Pharmaceuticals and Food Anti-Counterfeiting Technologies market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
Lear MorePharmaceuticals and Food Anti-Counterfeiting Technologies Market 2019: Worldwide Industry Details by Top Manufacture, Price, Raw Materials, Supply-Demand, Recent Trends, Share, Development Trend and End User Analysis, Outlook for 2022
Global Pharmaceuticals and Food Anti-Counterfeiting Technologies Market 2019 research report presents you an in-depth analysis of market size, share, growth, trends, cost structure, CAGR, statistical and comprehensive data of the global market.
Global “Pharmaceuticals and Food Anti-Counterfeiting Technologies Market” gives exceptional analysis of industry over the time period of 2019-2022. The analysis states all the factors affecting the growth of the Pharmaceuticals and Food Anti-Counterfeiting Technologies market, highlighting the industry peers, growth, latest trends, market size, current and future growth analysis with up to date information.
Global Pharmaceuticals and Food Anti-Counterfeiting Technologies Industry 2019 Market Research Report is spread across122pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector. Likely, the report also focuses on global major manufacturers of Pharmaceuticals and Food Anti-Counterfeiting Technologies market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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Chennai: Gold worth Rs 52.5 lakh seized by customs.
Chennai: Customs officials at the Chennai international airport on Saturday detected three cases of gold smuggling, and one case of smuggling of saffron, cigarettes and mobile phones and watches worth Rs 52.5 lakh.
Officials said on Saturday morning that AIU officials intercepted Rawther Naina (25) and Pakkeer Mohamed (25) from Ramanathapuram, who had arrived from Singapore by Air India Express flight. Later in the day, Mohamed Abdul (25) also from Ramanathapuram, who had arrived from Dubai via Colombo by a Sri Lankan Airlines flight was intercepted on suspicion of carrying gold on their person.
On intense questioning, all three admitted to having concealed gold in the form of rubbery material in their rectum. As many as 937 grams of gold valued at Rs 36.51 lakh were recovered and seized under the provisions of Customs Act 1962.
In another case, Zakir Hussain (24) of Sivaganga, who arrived from Dubai via Colombo by a Sri Lankan Airlines flight was intercepted. As he appeared to be nervous, the examination of his checked-in baggage was carried out.
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NFR’s STF team seizes foreign origin cigarettes worth Rs 5.5 lakh.
A Special Task Force (STF) of Commercial Department of Northeast Frontier Railway (NFR) recovered foreign origin cigarettes worth Rs. 5.5 lakh being transported illegally in an express train at Guwahati Railway Station recently.
The train from which the smuggled foreign-made cigarettes were recovered was 15646 Guwahati-Lokmanya Tilak Terminas Express.
Acting on specific information, the STF team led by assistant commercial manager D.J. Barman, conducted search in the train at Guwahati Railway Station leading to recovery of the contraband items, informed NFR chief public relations officer Pranav Jyoti Sharma.
“The team apprehended five persons for trying to transport the goods with false declaration in the Parcel Way Bill,” Sharma informed on Tuesday.
Commercial department had for the first time in Northeast Frontier Railway formed the Special Task Force (STF) on August 13, 2019 as a part of a special initiative for clean and transparent working.
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Foreign brand cigarettes seized from Delhi-bound Rajdhani Express.
PATNA: Joint teams of Directorate of Revenue Intelligence (DRI) and Railway Protection Force on Monday night seized a huge consignment of foreign brand cigarettes from Delhi-bound Rajdhani Express at Patliputra junction.
Acting on a tip-off, the joint team raided the SLR van of the express train (12423 Dibrugarh-NDLS Rajdhani express).
Inspector General of RPF Ravindra Verma said, “On receiving a memo from the regional unit of DRI, officers of RPF post recovered 10 packages containing cigarettes from a Paris-based company, the estimated value of which is Rs 37,50,000. The DRI officials will take further legal action.”
The consignment was smuggled from Myanmar to New Delhi through an active racket.
Earlier this year in January, foreign-brand cigarettes of estimated market value of Rs 36 lakh was seized at the same Patliputra junction.
Lear MorePossible terror subtext in recent Gujarat drug busts
Rising pressure on drug traffickers to push surplus opium production in Afganistan — processed into heroin in Pakistan — via sea route.
At least two seizures of heroin — 100 and 200 kg each — since the beginning of this year and a few smaller tranches later have put the security agencies on high alert in Gujarat. The estimated market price of 300 kg of heroin could be anything between Rs 1,200 crore and Rs 1500 crore
While the 1600-km long coastline of Gujarat had always been exploited by the smugglers in the past, the current haul indicates a more sinister geopolitical development, that has not only prompted the state anti-terror apparatus and the Indian Coast Guard (ICG) to move in, but ET has reliably learnt it has attracted the attention of the US investigative agencies as well.
A senior official in one of the agencies now monitoring the developments maintained on the condition of anonymity that with huge surplus production of opium in Afganistan, which is processed into heroin in Pakistan, there is a growing pressure on the narco traders to increase their supply through the sea route.
“While LoC remains too hot for such adventures, the vigil along the international border in Punjab and Rajasthan has also been heightened, leaving the sea route as the preferred zone for the smugglers,” said the official. He also said that with the Combined Task Force-150 (a multinational coalition of naval task force) maintaining a strong vigil over the Strait of Hormuz, Gujarat coast becomes an obvious choice for the Af-Pak narco-traffickers.
In the backdrop of US President Donald Trump’s plan to withdraw troops from Afganistan coupled with Pakistan’s enhanced belligerence over Kashmir, observers feel that the traffic would only increase in the days to come as the narco-economy is the principal feeder for terror groups operating in the Af-Pak region.
The use of Gujarat coastline as part of the transit route for the contraband has also raised concern among the agencies because if the terror network is being rebuilt, it can be exploited to push in arms and explosives into the country.
Lear MoreFake spare parts’ growth beats auto sales.
CHENNAI: The Rs 22,000-crore counterfeit auto parts industry — growing faster than car and bike sales, and which doubled in the last five years — is giving headaches to original equipment manufacturers (OEMs). They are now hoping that the draft rules to eradicate spurious spares, which were notified in July, will get operational soon.
According to the Authentication Solution Providers’ Association (ASPA), the overall counterfeit product industry in India is worth Rs 1 lakh crore, causing the government tax losses of Rs 40,000 crore. While fake products are common in agriculture (fertilisers and pesticides) or even FMCG, they are life-threatening in the automotive and pharmaceutical industry, said ASPA president Nakul Pasricha.
“Counterfeiting is a huge problem in the auto parts after-market segment,” said Pasricha. “The total auto after-market in 2018-19 grew by 9.6% to Rs 67,491 crore ($10 billion) from Rs 61,601 crore ($9 billion) in the previous fiscal. Counterfeit auto components account for 30-40% of the overall after-market for components in retail outlets.”
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