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India's authentication market to reach Rs 16,575 crore by 2028, driven by anti-counterfeiting needs.
India's authentication and traceability market is forecast to grow to Rs 16,575 crore by 2028-29, with a CAGR of 11.3%.
The industry was valued at Rs 9,705 crore in FY 2023-24, marking a 7.4% growth since 2019-20.
Key drivers include the rise in counterfeiting, growing e-commerce, consumer awareness, and regulatory mandates.
Sectors like pharmaceuticals, consumer products, cosmetics, and automotive components are leading demand.
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El mercado de autenticación de la India alcanzará los 16.575 millones de rupias en 2028, impulsado por las necesidades de lucha contra la falsificación.