India Anti-Counterfeit Packaging Market Zooming 2.7X to Touch Whopping Value of USD 30 Billion by 2030
India Anti-Counterfeit Packaging Market is flourishing due to heightened consumer awareness, stricter government regulations, the proliferation of advanced anti-counterfeit technologies like RFID, QR codes, and holographic labels, and burgeoning e-commerce sector.

Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated India Anti-Counterfeit Packaging Market size by value at USD 10.94 billion in 2023. During the forecast period between 2024 and 2030, Report Ocean expects India Anti-Counterfeit Packaging Market size to expand at a CAGR of 11.7% reaching a value of USD 29.8 billion by 2030. Anti-Counterfeit Packaging Market in India is propelled by the escalating prevalence of counterfeit products across industries like consumer electronics and food & beverages has intensified the demand for robust anti-counterfeiting solutions. These technologies, employing unique markers to ensure product authenticity, are gaining traction in the expanding packaging industry. The surge in e-commerce and the growing emphasis on brand protection are creating lucrative opportunities for anti-counterfeit packaging providers. Stricter regulations and ongoing technological advancements further fuel the growth of India Anti-Counterfeit Packaging Market during the period in analysis.

Opportunity - Increasing Focus on Thwarting Pharmaceutical Counterfeiting

Pharmaceutical counterfeiting remains a critical issue in India's healthcare sector, with an estimated 10.5% of medicines in low and middle-income countries, including India, being either substandard or falsified, as reported by the WHO in 2017. India's role as a major producer of 20-22% of the world's generic drugs exacerbates this risk amidst rising globalization and healthcare costs. Despite various initiatives to combat counterfeiting, including regulatory measures and the deployment of advanced anti-counterfeiting technologies, the problem persists due to the rapid emergence of new counterfeit schemes. The Indian government has responded by implementing stringent regulations to improve product traceability across the entire supply chain. This includes the adoption of tamper-evident packaging, product authentication, and sophisticated track-and-trace technologies. By assigning Unique Identifiers (UIDs) to products, and using permanent, readable codes, these technologies enhance the ability to monitor and secure the pharmaceutical supply chain, thereby reducing medication errors, mitigating theft, and preventing product diversion. These measures are crucial for ensuring the integrity and reliability of pharmaceutical products in India.

Impact of Escalating Geopolitical Tensions on India Anti-Counterfeit Packaging Market

Geopolitical tensions could have a multifaceted impact on the India Anti-Counterfeit Packaging Market. Increased trade restrictions and tariffs can strain supply chains, leading to delays and higher costs for essential materials and technologies. These disruptions can destabilize markets and hinder the implementation of effective anti-counterfeit measures. Moreover, geopolitical shifts can impact the availability and affordability of advanced packaging solutions, potentially limiting market growth and innovations.

Pharmaceutical Application Leads India Anti-Counterfeit Packaging Market

The pharmaceuticals segment holds the leadership position in India Anti-Counterfeit Packaging Market by application, due to their paramount importance in consumer safety. With the alarming rise of counterfeit drugs posing serious health risks, the pharmaceutical industry has been at the forefront of adopting innovative packaging solutions. RFID tags, QR codes, and holographic labels are just a few examples of the advanced technologies being deployed to enhance product traceability and authenticity. These solutions create an unbroken chain of custody, ensuring that drugs are genuine from the manufacturing plant to the consumer's hands. Stringent regulatory frameworks and the imperative to protect public health have further fueled the demand for secure packaging solutions in the pharmaceuticals sector. As a result, pharmaceutical companies have taken the lead in implementing robust anti-counterfeit measures, underscoring their commitment to safeguarding consumer trust and product integrity.

Competitive Landscape

The India Anti-Counterfeit Packaging Market is fragmented, with numerous players serving the market. The key players dominating the India Anti-Counterfeit Packaging Market include Avery Dennison Corporation, CCL Industries Inc, 3M, Jupiter Laminators, SATO Holdings Corporation, Zebra Technologies, AAPL Solutions, Holostik, Any Graphics Private Limited, and SML Group. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and India Anti-Counterfeit Packaging Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Anti-Counterfeit Packaging Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.