03.22.17
According to the 2016 Brand Protection and Product Traceability Market Research report from PMMI, The Association for Packaging and Processing Technologies, counterfeiting is predicted to increase three percent 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 percent.
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,” says Paula Feldman, director, Business Intelligence, PMMI.
To download PMMI’s full 2016 Brand Protection and Product Traceability report visit PMMI's research here.
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,” says Paula Feldman, director, Business Intelligence, PMMI.
To download PMMI’s full 2016 Brand Protection and Product Traceability report visit PMMI's research here.
