Anti-counterfeiting Packaging Technologies in the U.S. Pharmaceutical and Food Industries
U.S. sales of anti-counterfeiting packaging technologies to the drug and food industries amounted to almost $34.2 billion in 2006. Sales are projected to reach $43 billion in 2012, representing a compound annual growth rate (CAGR) of 3.2% over the 2007 to 2012 period.
U.S. sales of authentication packaging technologies to the drug and food industries amounted to almost $10.3 billion in 2006. Sales are projected to grow at a CAGR of 6.0% over the 2007 to 2012 period, to reach $16.9 billion.
U.S. sales of track and trace packaging technologies to the drug and food industries amounted to $23.9 billion in 2006. Sales are projected to grow at a CAGR of 1.6% over the 2007 to 2012 period, to reach $26.1 billion.
Global counterfeiting is a growing problem, which poses significant health and safety concerns for consumers and law enforcement agencies as well as creates financial concerns for legitimate businesses worldwide. As part of the global market, the U.S. pharmaceutical and food industries are not immune from the increasingly sophisticated activity of counterfeiters. Anti-counterfeiting initiatives include the use of technology-based measures, regulatory provisions, secure business practices, consumer education, and increased collaborative surveillance by domestic and international law enforcement agencies.
BCC reviews these anti-counterfeiting initiatives and examines, in detail, available authentication and track and trace technologies with applications in the packaging of pharmaceutical and food products. The study underscores the market drivers in the adoption of both technologies. The report presents a balanced view of the current usage, challenges, and areas of prospective applications of anti-counterfeiting packaging technologies in the U.S. pharmaceutical and food industries.
SCOPE OF STUDY
This report contains:
Descriptions of anti-counterfeiting packaging technologies and their potential applications
The current U.S. market status of anti-counterfeiting technologies, trends, with forecasts for growth over the next 5 years
Technological issues, including the latest developments
A discussion of anti-counterfeiting initiatives including regulatory provisions, secure business practices, consumer education, and increased collaborative surveillance by domestic and international law enforcement agencies
Profiles of major manufacturers/suppliers of authentication and track and trace packaging technologies.
This report is the result of extensive research covering materials from diverse sources. BCC surveyed numerous scientific and industry publications on anti-counterfeiting technologies to develop a qualitative and quantitative analytical framework for the findings documented in this report. Communications with various government and industry experts provided supplemental information on aspects of the study. Data on manufacturers' shipments and international trade were obtained from U.S. government sources.
ABOUT THE AUTHOR
Rachel Agheyisi worked for more than 16 years in academia and consulting. She holds a Ph.D. in Economics from McMaster University in Canada and currently works as a freelance market research analyst for BCC Research.