According to a new report from Smithers, brand protection, track and trace, and other anti-counterfeiting technologies in packaging are increasing in use, as economies across the globe adjust to a post-COVID world.
Data from the newly published report – The Future of Anti-Counterfeiting, Brand Protection & Security Packaging to 2026 – apparently shows that demand for these components will reach $3.25 billion in 2021.
The pandemic is contributing to an accelerated forecast compound annual growth rate (CAGR) of 5.6% for 2021-2026, yielding a total market value of $4.26 billion in 2026.
From a global perspective, the report argues that demand for anti-theft, product authentication, tamper-evidence, and track and trace components will continue to grow; even in Europe and North America, which it says are largely static markets for standard packaging.
Full article: Packaging Europe