Anti-Counterfeit Label Market to Witness a Robust Growth Over 2023
It is projected that the global anti-counter packaging market will expand at a double-digit CAGR of 12% during the forecast period (2017-2023). Market Research Future (MRFR’s) study reveals that the uptake of Anti Counterfeit Label in industry verticals has been impressive in recent years. Anti Counterfeit Label solutions are increasingly used to reduce the inflow of fake products and raise the level of authenticity of genuine products. Counterfeit has been a major issue for most industries, having a crippling effect on revenues. Brands continue to incur huge losses due to counterfeiting. The value of counterfeit pharmaceutical business is close to USD 200 Bn valued annually. It is the largest business of fraudulent good worldwide. This makes Anti Counterfeit Label solutions highly sought-after and valued. Demand for innovative product tracking technologies has increased significantly. Moreover, favourable policies are introduced to support the adoption of anti-counterfeit soluti...