Never is safety and integrity of a product more necessary than when talking about pharmaceutical products. The wrong dose, the wrong medicine or a counterfeit product can lead to expensive recalls or even have deadly outcomes. Luckily, the industry is tightening up on processes and packaging to ensure that these types of incidences occur less and less.
According to the report, “Anti-Counterfeiting Packaging Market by Technology (Authentication & Anti-Tempering, and Track & Trace), by Application (Food & Beverage, Pharmaceuticals, and Others)—Global Trends & Forecast to 2019,” by MarketsandMarkets (marketsandmarkets.com), the global anti-tampering, authentication and anti-counterfeit packaging market is projected to grow at a Compound Annual Growth Rate (CAGR) of 14.1% between 2014 and 2019. Authentication technologies are projected to grow at the highest CAGR of 16.3%, because of the increasing awareness about counterfeit products.