Indonesia Anti-counterfeit Packaging Market Outlook (2018 to 2032)

Year Value
2018 5.59
2019 6.38
2020 7.3
2021 8.4
2022 9.68
2023 11.1
2024 12.73
2025 14.6
2026 16.74
2027 19.2
2028 21.87
2029 24.89
2030 28.34
2031 32.27
2032 36.74
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Indonesia Anti-counterfeit Packaging Market Outlook (2018 to 2032)

Synopsis
The above chart is Indonesia Anti-counterfeit Packaging Market Outlook (2018 to 2032)

Market Dynamics

the outlook for indonesia’s anti-counterfeit packaging market is an optimistic one. with a young population of more than 250 million people, indonesia is a potential growth market for antifraud packaging solutions and technologies. according to the association of indonesian packaging manufacturers (the indonesian packaging association or ipa), “global brands increasingly demand strong measures to fight illegal counterfeiting detrimental to the reputation of product and company” to meet these demands, the beer and beverage industries have focused on adopting leading edge technologies such as near field communication (nfc) and qr code-enabled package authentication practices. such approaches let consumers easily and efficiently authenticate their purchases by scanning the product’s packaging code with a smartphone or other mobile device. ultraviolet security coating technology on packaging is also gaining popularity, providing an additional layer of security and protection to the product. pharmaceuticals, meanwhile, have adopted advanced rfid tracking systems which allow for real-time tracking of supply chains, from production to consumer delivery. these technologies provide total traceability from production through distribution and are embedded in the packaging for extra security. the indonesian government is backing industry efforts to stamp out counterfeiting. the ministry of trade has proposed a comprehensive anti-counterfeiting action plan, which entails tightening customs regulations and introducing tougher punishments for offenders. furthermore, the government is working to merge all companies participating in the anti-counterfeiting ecosystem into a single platform, enabling better coordination between the various stakeholders in the sector. overall, the indonesian anti-counterfeit packaging market is expected to remain an attractive growth area in the foreseeable future with the government and private sector continuing to invest heavily in protecting product authenticity. technological advancements, such as cloud technology and nanotechnology, will further help improve the security and protection of products. with strong governmental support, the indonesian anti-counterfeit packaging market is poised for long-term growth and development.

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