London, 06 January 2015 – The Global Anti-counterfeit Packaging Market is expected to grow at a CAGR of 16.23 percent from 2015-2019, says research firm TechNavio.
Rapid urbanization and heightened health awareness have increased spending on pharmaceuticals, which has made a huge impact on the Global Anti-counterfeit Packaging Market.
According to the latest report by TechNavio, the demand for product traceability has increased in recent years, both in healthcare and across other industries. Product traceability systems are aimed at keeping a record of product flow, and also keep track of product attributes throughout the production process.
“The manufacturing and distribution process of any product is very complex, therefore companies consider traceability systems as the best tool to solve all counterfeit-related challenges,” says Faisal Ghaus, Vice President of TechNavio.
Product traceability tools help companies provide fresh and reliable products to their consumers, thereby helping to reduce counterfeiting of products. Many technologies like infrared, RFID, biometrics systems and sensors offer product traceability convenience for businesses.
“In areas like the US and the UK, consumers are ready to pay top dollar for products containing traceability certificates and point-of-origin information on the food products,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
