Counterfeiting is gravely impacting the pharmaceuticals industry by causing substantial losses in terms of revenue and credibility. Counterfeit pharmaceutical products, labelled with the names of original and legitimate product manufacturers are entering local markets globally. This has become a matter of serious concern for pharmaceutical companies, and the threat of lawsuits is a constant worry. According to a report t is predicted that the global anti-counterfeit packaging market in food and pharmaceuticals is forecasted to attain market value of $142.7 billion by 2020 from $57.4 billion in 2013, growing at 13.9% CAGR during 2013 to 2020’. The anti-counterfeit packaging market size is estimated to grow from USD 82.05 Billion in 2015 to reach USD 153.95 Billion by 2020, at a CAGR of 13.41%. The segments considered for this report are based on technology, usage feature, end-use sector, and region. The segmentation based on technology consists of coding & printing, RFID, holograms, security labels, and packaging designs. Usage feature involves track & trace technologies, tamper evidence, overt features, covert features, and forensic markers.
It is now clear that by early 2019 (or possibly even late 2018), every pharma manufacturer that supplies Europe - originator, generics manufacturer, virtual pharma company, parallel traders, re-packagers or CMO - needs to have adapted their packs, implemented their tamper evidence capability, to have established their systems, processes and master data to be in full compliance with the EU-FMD, otherwise they are no longer in a position to sell their products in the European Market. In the long-term, we anticipate the prospects of anti-counterfeit packaging technologies to remain bright due to an array of innovative and cost-effective anti-counterfeit solutions, which are expected to be launched into the market. Growth will be driven by the increasing publicity of technological solutions for track-and-trace purposes and serialisation.
It gives us immense pleasure in welcoming you to “5th Annual Pharma Anti-Counterfeiting & Serialisation 2016 – “Competences to Combat Counterfeits”
For more information, follow the link to the event organizer website.
This event is not attended by Be4ward.