Expanding at a CAGR of 8.7%, the global anti-counterfeit cosmetic packaging market is projected to increase from a valuation of US$ 32.6 Bn in 2022 to US$ 49.5 Bn by 2030.
For original cosmetics makers worldwide, the practise of counterfeiting has become a serious source of concern. The cosmetics sector is being negatively impacted by counterfeiting on a global scale, which has caused countless direct and indirect losses for the players in the market. Numerous fake goods bearing the names of the top companies in the sector are finding their way onto the local market. To avoid the influence of these items on their sales revenue, firms in the global cosmetics industry are working harder to block the penetration of counterfeit products into the market. In addition, the poor quality of counterfeit goods harms the company’s reputation and brand image.
The counterfeit packaging on branded beauty goods is so convincingly duplicated that standard detection methods cannot detect it, allowing these products to enter the retail market. Due to the poor product quality of the fake goods, buyers often experience serious adverse effects, such as skin rashes, infections, etc., which further damage the brand reputation of the offending company. Due to the prevalence of fake goods in its supply chain, the worldwide cosmetics sector experiences significant revenue losses every year.
Global Anti-Counterfeit Cosmetics Packaging Market: Major Players
Global Anti-Counterfeit Cosmetics Packaging Market: By Types
Ink and Dyes
Global Anti-Counterfeit Cosmetics Packaging Market: By Applications
This anti-counterfeit cosmetic packaging market report details recent developments, trade laws, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market participants, analyses opportunities in terms of emerging revenue pockets, changes in market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, prod Contact Analytics Market Research for an Analyst Brief to learn more about the anti-counterfeit cosmetic packaging market. Our staff will assist you in making an informed choice to expand your market.
Customers are growing more cautious about counterfeit goods in order to get the most value out of the money they spend on cosmetics products. Additionally, a number of governments are stepping up their efforts to combat the use of fake cosmetics. This gives multinational corporations more confidence to invest in cutting-edge anti-counterfeit solutions. Due to these factors, it is predicted that the global anti-counterfeit cosmetics packaging market would develop at a much faster rate throughout the forecast period, reaching multiple millions of US dollars by the end of the forecast period.
Manufacturers of anti-counterfeit cosmetic packaging are implementing cutting-edge technological technologies to better distinguish between genuine and questionable cosmetic products. Security seals and RFIDs are two strategies that could be used to tackle the problem of counterfeit goods worldwide. The likelihood of cosmetics’ packaging being tampered with while in transit is increased. Therefore, in order to identify potential package maltreatment, e-commerce behemoths are implementing smart packaging solutions. Additionally, these techniques aid in determining product authenticity prior to shipping, allowing them to recall the item if it turns out to be dishonest.
Advanced counterfeit detection systems are expensive and take up a sizable percentage of organisational expenditures. Although it makes detection easier, a security system does not solve the issue entirely. As a result, vendors must continually upgrade their equipment, which is an expensive endeavour. Small-scale manufacturers are particularly affected since they do not operate at a sufficient size. These vendors have much lower profit margins and revenue inflow as a result of their limited market penetration, which makes them hesitant to engage in cutting-edge technologies for the detection of fake cosmetics.