Technology

Anti-Counterfeit Packaging Market size is set to grow by USD 170.9 billion from 2024-2028, booming E-commerce industry boost the market, Technavio

Published

3 months ago

June 19, 2024

NEW YORK, June 19, 2024 /PRNewswire/ — The global anti-counterfeit packaging market size is estimated to grow by USD 170.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 16.71% during the forecast period. Booming E-commerce industry is driving market growth, with a trend towards advent of smart and intelligent packaging. However, high cost of anti-counterfeit technology poses a challenge. Key market players include Advanced Track and Trace, Alien Technology LLC, AlpVision SA, Ampacet Corp., Angstrom Technologies Inc., Applied DNA Sciences Inc., Authentix Inc., Avery Dennison Corp., CCL Industries Inc., EM Microelectronic Marin SA, Flint Group, Impinj Inc., MicroTag Temed Ltd, Prooftag SAS, Savi Technology Inc., SICPA HOLDING SA, Thermo Fisher Scientific Inc., TruTag Technologies Inc., UFlex Ltd., and Zebra Technologies Corp..

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Anti-Counterfeit Packaging Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.71%

Market growth 2024-2028

USD 170.9 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.88

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 30%

Key countries

US, Germany, France, China, and India

Key companies profiled

Advanced Track and Trace, Alien Technology LLC, AlpVision SA, Ampacet Corp., Angstrom Technologies Inc., Applied DNA Sciences Inc., Authentix Inc., Avery Dennison Corp., CCL Industries Inc., EM Microelectronic Marin SA, Flint Group, Impinj Inc., MicroTag Temed Ltd, Prooftag SAS, Savi Technology Inc., SICPA HOLDING SA, Thermo Fisher Scientific Inc., TruTag Technologies Inc., UFlex Ltd., and Zebra Technologies Corp.

Market Driver

Smart and intelligent packaging is a cutting-edge technology that enhances product value and quality by monitoring and reporting product conditions to consumers. This innovation offers various benefits, including product authenticity confirmation, extended shelf life, and problem alerts. The use of advanced technologies like microsensors, printed electronics, and RFID chips further strengthens its anti-counterfeit capabilities. Despite being in its early stages, this market holds significant growth potential due to ongoing advancements.

The Anti-Counterfeit Packaging Market is experiencing significant growth due to the increasing trend of counterfeit products in various industries. Brands are investing in advanced technologies like holograms, QR codes, and track-and-trace systems to protect their products from counterfeiting. The use of branded packaging and secure seals is also on the rise. Companies are focusing on creating complex packaging designs to make it difficult for counterfeiters to replicate. The use of chemicals and materials that are difficult to imitate is also becoming popular. The cost of counterfeit products can be detrimental to businesses, so investing in anti-counterfeit packaging is a necessary expense. The future of anti-counterfeit packaging looks promising with the continuous development of new technologies.

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Market Challenges

• The RFID technology and anti-counterfeit packaging market face significant challenges due to high initial deployment costs. On average, implementing RFID chips into the supply chain costs over USD10,000. Active tags with additional features can cost over USD100. These costs hinder adoption, particularly for small- and medium-sized vendors. The deployment of flexible solutions, essential for adapting to changing business requirements, also involves high costs. The rise in mobility and remote managing of manufacturing sites adds to these expenses. Despite expected declines in authentication equipment prices, the high initial investment remains a barrier to market growth. Companies must aggressively market the benefits of these solutions to overcome reluctance to invest.

• The Anti-Counterfeit Packaging Market faces several challenges in ensuring product authenticity and consumer protection. Disruptive technologies like Brand Protection Codes, Holograms, and Track-and-Trace systems are crucial in combating counterfeit activities. However, costs associated with these technologies can be prohibitive for some businesses. Additionally, the need for global standards and regulations to govern anti-counterfeit packaging is essential. Consumers expect reliable and secure packaging solutions, and failure to meet these expectations can result in reputational damage and financial losses. Furthermore, the rise of e-commerce and cross-border trade increases the complexity of anti-counterfeit measures. Proactive strategies, such as regular audits and collaborations with industry stakeholders, can help mitigate these challenges.

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Segment Overview

This anti-counterfeit packaging market report extensively covers market segmentation by

Application 1.1 Healthcare products1.2 Consumer goods1.3 OthersTechnology 2.1 Authentication2.2 TraceabilityGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Healthcare products- The Anti-Counterfeit Packaging Market is a significant business sector, focusing on preventing the production and distribution of counterfeit goods. This market utilizes various technologies such as holograms, RFID tags, and tamper-evident labels to ensure product authenticity. Companies invest in these solutions to protect their brand reputation and consumer trust. The market’s growth is driven by increasing consumer awareness and stringent regulations against counterfeit products.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Anti-Counterfeit Packaging Market is experiencing significant growth due to the rising incidents of counterfeiting, particularly in eCommerce and luxury packaging sectors. Brand protection is a top priority for businesses, leading to the adoption of track-and-trace solutions such as QR codes and Blockchain technology. These technologies enable the creation of trackable packaging solutions, enhancing product authenticity and reducing supply chain disruptions. Strict regulations and global trade expansion are also driving market growth. However, a lack of awareness and historical performance concerns may hinder future growth prospects. Environmental concerns are also being addressed through the use of sustainable raw materials in anti-counterfeit packaging solutions.

Market Research Overview

The Anti-Counterfeit Packaging Market is a significant industry that focuses on developing and implementing innovative solutions to prevent the production and distribution of counterfeit goods. This market encompasses various technologies such as holograms, RFID tags, microprinting, and tracking codes to ensure product authenticity. The use of advanced materials and techniques in anti-counterfeit packaging is on the rise, driven by the increasing global trade and the need for consumer protection. The market is also influenced by regulatory frameworks and industry standards that mandate the use of anti-counterfeit measures. The growth of e-commerce and the proliferation of counterfeit goods online further underscore the importance of this market. The market is expected to witness robust growth in the coming years due to these factors.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationHealthcare ProductsConsumer GoodsOthersTechnologyAuthenticationTraceabilityGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

SK hynix Applies CXL Optimization Solution to Linux

Published

50 mins ago

September 23, 2024

HMSDK, a proprietary memory control solution lauded for its performance, is now available on Linux, the world’s largest open source operating systemHMSDK optimizes performance between heterogeneous memories, increasing bandwidth by 30% and performance by over 12%The company will foster the ecosystem by increasing software competitiveness as well as AI memory such as HBM

SEOUL, South Korea, Sept. 22, 2024 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that the key features of its Heterogeneous Memory Software Development Kit (HMSDK)1 are now available on Linux2, the world’s largest open source operating system.

1Heterogeneous Memory Software Development Kit (HMSDK): SK hynix’s proprietary software development kit. It enables effective memory control, improving the performance of heterogeneous memory systems such as CXL memory.

2Linux: An operating system developed in 1991 by Linus Torvalds that has since expanded to become the world’s largest open source operating system. Most operating systems for cloud systems and supercomputers, as well as smartphones, cars, and appliances, are built on Linux.

HMSDK is SK hynix’s proprietary software for optimizing the operation of Compute Express Link (CXL)3, which is gaining attention as a next-generation AI memory technology along with High Bandwidth Memory (HBM). Having received global recognition for HMSDK’s performance, SK hynix is now integrating it with Linux. This accomplishment marks a significant milestone for the company as it highlights the company’s competitiveness in software, adding to the recognition for its high-performance memory hardware such as HBM.

3Compute Express Link (CXL): A next-generation interface that efficiently connects CPU, GPU, memory, and other components in high-performance computing systems to support massive, ultra-fast computation. By applying CXL to existing memory modules, the capacity can be expanded by more than 10 times.

In the future, developers around the world working on Linux will be able to use SK hynix’s technology as the industry standard for CXL memory, putting the company in an advantageous position for global collaboration on next-generation memory.

SK hynix’s HMSDK enhances memory package’s bandwidth by over 30% without modifying existing applications. It achieves this by selectively allocating memory based on the bandwidth between existing memory and expanded CXL memory. Additionally, the software improves performance by more than 12% over conventional systems through optimization based on access frequency, a feature which relocates frequently accessed data to faster memory.

The semiconductor industry anticipates full commercialization of CXL in the second half of 2024, coinciding with the release of the first server CPUs featuring the “CXL 2.0” specification. In preparation for this, SK hynix is currently validating CXL 2.0 memory in 96 GB and 128 GB capacities with customers. The company plans to begin mass production by the end of the year.

“For the development and spread of AI systems such as large language models (LLMs), it is now necessary to significantly improve not only semiconductors but also the level of system applications to support them,” said Youngpyo Joo, Head of Software Solution at SK hynix. “With this Linux integration and collaboration, we will strive to improve our status as a total AI memory solutions provider by innovating technologies and expanding the ecosystem in this field.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), flash memory chips (“NAND flash”), and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

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SOURCE SK hynix Inc.

Technology

TeraBox Is Set to Provide Premier Cloud Storage Solutions to Top Indonesian University Faculty and Students

Published

50 mins ago

September 23, 2024

Transforming Classrooms: TeraBox’s 1TB Free Cloud Storage Becomes Essential for Educators and Students

TOKYO, Sept. 23, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, also a favored cloud storage solution among Indonesian users, held its first large-scale campus event at prominent Indonesian universities such as University Diponegoro, Universitas Indonesia, and Institut Teknologi Sepuluh Nopember. The company hosted numerous offline events, attracting interactions from more than 30,500 students and teachers, and handed out 85,000 flyers. Event videos posted on the universities’ official Instagram and YouTube accounts received tens of thousands of views. TeraBox looks forward to deepening its collaboration with academic institutions to offer innovative cloud storage solutions for students.

In an era where digital resources are integral to academic success, TeraBox is committed to becoming an essential tool for students, providing a secure and efficient way to save and share curriculum files and materials, simplifying file management. By offering a massive 1TB (1024GB) of free cloud storage space per account, TeraBox alleviates the challenges of managing extensive educational materials, such as e-books, digital textbooks, learning notes, and experimental data in the new semester to come. Furthermore, TeraBox enhances productivity by enabling students to engage in online assignments and collaborative projects, fostering sharing, collaboration, and communication among students and between students and teachers. TeraBox not only addresses issues related to insufficient memory on devices like smartphones and laptops, but also significantly boosts efficiency in data management in an environmentally friendly manner.

Understanding the need for seamless collaboration, TeraBox features user-friendly sharing options that allow students and faculties to create links with just one click. This facilitates easy sharing of multiple files simultaneously, which can greatly improve collaborative efforts among peers. Whether accessing files from mobile devices or desktops, students can manage their documents effortlessly anytime and anywhere. Feedback from offline surveys reveals that many users in Indonesia are impressed with TeraBox’s offering of 1TB (1024GB) of free storage space. This generous storage not only meets the needs of university students for sharing various social and lifestyle content but also eliminates the necessity of creating multiple accounts with other storage services to fulfill their storage requirements.

As of July 2024, TeraBox boasts over 320 million registered users worldwide, with more than 20 million active daily users across over 231 countries and regions. The platform ensures top-tier security by employing advanced measures such as TLS/SSL protocols, encryption algorithms, and access controls. TeraBox is accredited with ISO standards (ISO 27001/27701/27018) certifications to protect the safety of data storage and transmission. These technologies also guarantee the stored and transmitted information is safe through client-side endpoint encryption within a large-scale distributed system architecture.

About TeraBox

TeraBox, developed by Flextech Inc., is a globally trusted cloud storage app headquartered in Tokyo, Japan. With a focus on intelligent, efficient, and secure cloud storage, TeraBox is dedicated to providing users with innovative and user-friendly solutions for their data storage needs. Download the TeraBox App on Android, iOS, Linux, Mac, and Windows devices, or visit www.terabox.com for online access. To learn more about the fantastic Referral Program, please visit the provided site.

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SOURCE Flextech Inc.

Technology

Elmo Motion Control Exhibiting at Industrial Automation Show in Shanghai, China

Published

50 mins ago

September 23, 2024

Elmo brings live demonstrations to present the power of motion to Hall 5.1 in Booth E181.

PETAH TIKVA, Israel, Sept. 23, 2024 /PRNewswire/ — Elmo Motion Control, a global technology leader in motion control solutions, announces its participation at the annual IAS (Industrial Automation Show) exhibition at NECC in Shanghai, China, from September 24 to September 28. At the show, Elmo will display the Platinum line of servo drives, which include fully certified Functional Safety capabilities in small yet powerful packages, and conduct live demonstrations.

Elmo’s featured demonstrations will include an operating customer XYZT stage dynamic demo with four-axis movement controlled by a single multi-axis servo drive – the Platinum Quartet. Also on the floor will be a multi-axis gantry machine from our customer PBA Systems PTE Ltd and more. In addition, visitors can be the first in China to see the future of motion control – the next-generation motion controller with artificial intelligence readiness and a new line of multi-axis servo drives.

“We look forward to greeting visitors at this year’s show and presenting the latest Elmo products. On display throughout our booth is the future of motion control and the experience of seeing our multi-axis products in action. This year, we created an environment for machine developers to learn about advanced motion performance for any application in real-time,” stated Dr. Wayne Chen, Elmo China GM.

About Elmo Motion Control

Elmo has been a motion control technology leader for over 35 years, with millions of servo drives working 24/7 worldwide. Elmo offers complete motion control solutions from design to delivery of cutting-edge servo drives, network-based multi-axis motion controllers, and integrated servo motors. All solutions can be customized and configured using Elmo’s proprietary advanced and easy-to-use software tools for any machine in any industry, such as semiconductors, lasers, robots, life sciences, industrial automation, AGV, and more. The company employs more than 350 personnel with headquarters in Israel and offices in the United States, China, Germany, Italy, Korea, Singapore, and an additional manufacturing facility in Poland. Elmo has a worldwide distribution network. By advancing motion control with state-of-the-art technology, Elmo makes smart machines even smarter. As of 2022, Elmo is a Bosch Rexroth company.

For more information, visit www.elmomc.com or email marketing@elmomc.com.

Elmo Motion Control:
Robert Dugan, Marketing Manager at Elmo Motion Control
T: +972-(3)-929-2300 (ext. 368)
E: robertd@elmom.com

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SOURCE Elmo Motion Control, Ltd.