Security Labels Market: Growing Adoption of RFID in Pharmaceutical Packaging to Propel Growth; FDA Vouches For RFID Label


Published on : Mar 27, 2019

Albany, New York, March 27, 2019: The first communicators of a company, its brand image, product’s usage and its function— security labels are arduous things for the counterfeiters to replicate. Evidently, the brand value is propelled by security labels, and enchanting security labels play a pivotal role in creating a visual appeal for the product. There has been prevalence of various security features included on the label act as an inhibitor against counterfeiting—digital o holographic or a combination of both. For instance, the adoption of a bar code or a QR code coupled with holographic security features add multiple layers of security to the product.

These introductory insights are according to the report titled, “Security Labels Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been freshly added to Market Research Hub’s (MRH) ever-expanding repository.

The International Anti-Counterfeiting Coalition (IACC), a watchdog for trademark counterfeiting and the related theft of intellectual property, derailed the sale of ‘dangerous counterfeits sold on iOffer, a popular online marketplace at the end month of the first quarter in 2019. IACC warns that global trade in counterfeit and pirated goods is worth over a half a trillion dollars—e-commerce incorporating a considerable portion of these transactions. The watchdog further cautions both business and consumes about risk emanating from the purchase of fake good made of substandard and harmful components.

Against the backdrop of FDA’s reliance on RFID to ward off security threats in pharmaceutical packaging, manufacturers in the North American region are deploying security labels—RFID label—in the packaging of medicines. Meanwhile, beverage manufacturers in Europe are integrating their bottles with QR labels to supervise distribution, production and sales of alcoholic beverages.

Security Labels Market: Report Content

The report provides a coherent assessment on security labels market with the assistant of qualitative and quantitative assessment. The report delves into the segregation of the market to offer insights on the security labels. The report also delineates the drivers, restraints, opportunities and trends surrounding the security labels market.

The report incorporates executive summary and market overview section which provides an in-depth view of the security labels market. Moreover, the report on security labels embodies the market outlook along with attractiveness analysis which offers a coherent analysis of the market. The report also delineates cost structure analysis, pricing analysis, supply chain and market value projection to provide an actionable insights on the market. The report on security labels market elucidates overview section which delineates Porters’ Five Force Analysis, value chain analysis and trend analysis. Porters’ Five Force Analysis provides in-depth analysis on competitive scenario of the security labels market.

A robust assessment of competitive scenario of the security labels market is propelled by an exhaustive assessment of Porters’ Five Force Analysis offering inputs on potential strategic steps taken competitors. The report incorporates financial overview, portfolio of the product, recent development, namely.

Security Labels Market: Research Methodology

The analysis of the report is backed up by secondary research and primary research. The secondary sources encompasses Factiva, veracious paid source, resourceful database and trade journals. The primary source includes unbiased views of experts, seasoned analyst, including surveys and interviews. The report is propelled by absolute dollar opportunity analysis which substantiates the development of the security labels market.

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