Weak legislation and insufficient surveillance in Europe have contributed to a growing food fraud market across the bloc, said experts at the GFSI Conference last week.
Counterfeiting is predicted to increase 3% per year worldwide leading to a rise in the anti-counterfeiting market over the next five years with CAGRs ranging from 12.8% to 16%, says PMMI (Association for Packaging and Processing Technologies).
Counterfeiting is a major problem in the global food and drink industry with the level of fraud estimated at around $50bn a year, an audience at the American Association for the Advancement of Science (AAAS) annual meeting heard yesterday.
CCL Container has developed packaging that it claims is virtually
impossible to replicate - an important consideration given concerns
about food safety.