Anti-counterfeiting market continues to grow
Anti-counterfeiting market continues to grow
2016-12-12 Globalisation is creating an increasingly complex, continuously growing supply chain, and counterfeiting has become a growing challenge. So it is critical for manufacturers to identify, capture and share accurate product information. North America’s Association for Packaging and Processing Technologies (PMMI) has released its 2016 Brand Protection and Product Traceability Market Research report, which predicts that counterfeiting will increase 3% per year worldwide. This rise will lead to increased growth in the anti-counterfeiting market over the next five years, with CAGRs ranging from 12.8 to 16%. According to the report, the growth of the global anti-counterfeiting market will outpace the overall combined market segment growth of food, beverage and pharmaceutical industries by roughly two to three times in the next five years. “As this trend continues to increase on a global level, it is of paramount importance that all involved in the packaging and processing industry make continued efforts to maintain tracking control in order to prevent counterfeiting and aid in product recall,” said Paula Feldman, director, Business Intelligence, PMMI. PMMI compiled the report from the insights of 75 brand manufacturers, industry experts and technology suppliers who shared their experiences complying with traceability regulations in the food, beverage and pharmaceutical industries.
Claims:
The copyrights of articles in the website belong to authors. Please inform us if there is any violation of intellectual property and we will delete the articles immediately.
Relevent Information
more »
» Predicted growth for India's dairy and soy food sector
» Global breakfast drinks market to reach US$83.83 billion by 2026 » Aussie oat noodles target Chinese market » Aussie fresh vegetable exports grow to $281m » Snack Food Market Expected Growth to $220 Billion by 2025 » Chocolate Market to Grow at CAGR of Nearly 7% by 2023 » Quality is king in China’s infant formula market, research shows » Predicted growth for APAC functional dairy products » Online alcohol sales are increasing » Coca-Cola buys France’s Tropico to grow in the fruit drinks market |
Hot Topic
|
Chinese Food Industry Magazine
TEL:886-2-28941823 FAX:886-2-28941837 E-mail:viya@foodsourcings.com
Copyright Notice © 2010 Foodsourcings All rights reserved.
Powered by Foodsourcings & Chinese Food Industry Magazine