Latest news with #NFC-enabled
Mint
20-05-2025
- Business
- Mint
Piccadily Becomes The 1st Indian Alcobev Company to Adapt NFC Technology to Combat Counterfeiting
In a pioneering move to safeguard consumers and reinforce trust in premium Indian spirits, Piccadily Agro Industries Limited has become the first Indian alco-bev company to implement ForgeStop's cutting-edge anti-counterfeit smart label technology for its acclaimed Indri Single counterfeiting rampant in India—where it's said that more Scotch is consumed than Scotland even produces—Piccadily has taken a bold and proactive step. By integrating NFC-enabled smart labels into its packaging, the company is setting a new benchmark in authenticity and transparency, investing significantly to ensure consumers receive only genuine, original products, reinforcing trust in premium Indian InfoTap© Labels on Piccadily products utilize EM Microelectronic echo-V chips with 128bit AES encryption and dynamically changing tokens - giving them bank level security and making them virtually impossible to fake. They also feature tag-tamper detection - alerting a consumer if the bottle seal has ever been broken - this prevents bottle re-use, a major issue with Alcohol counterfeiting that is difficult to combat with other technologies. Its platform creates a unique digital twin of every product at the moment of production and secures the product until it's enjoyed by the customer. The software allows for app-free authentication and provides batch level product information - making it the most user-friendly anti-counterfeit technology available. This technology can be connected to the blockchain generating an immutable product journey - securing supply static technologies such as QR codes or holograms, this NFC tap and verify experience allows customers to simply tap their smartphones to the bottle to instantly confirm its authenticity and view batch-level information. 'As a brand committed to authenticity and quality, we're proud to be the first Indian single malt brand to take this bold step,' said Praveen Malviya, CEO (IMFL), Piccadily Agro Industries Limited. 'Counterfeit alcohol is a serious issue in India and globally. With ForgeStop's smart technology, our customers can enjoy Indri with the confidence that what's in the bottle is exactly what we crafted.' "We're proud to partner with Piccadily Distilleries, a globally recognized brand leading the way in product integrity. With ForgeStop's smart label technology, consumers can instantly verify authenticity and access product information with a simple tap—no app required. It's a seamless blend of security and brand storytelling,' said Terry Katz, CEO of ForgeStop. As per the TRACIT (Transnational Alliance to Combat Illicit Trade) September 2023 report on India, a significant share of alcohol sold in India is counterfeit—well above the global average—and the problem is escalating rapidly. Counterfeit alcohol not only harms brands but also poses serious risks to consumer this first-of-its-kind initiative, Piccadily is elevating the standards of transparency, safety, and innovation in the Indian spirits industry—paving the way for a more secure and connected future for whisky lovers.*Source- Source (TRACIT Report on India): Source (OECD Illicit Trade Report): Stock Ticker: (PICCADIL | 530305 | INE546C01010) About Piccadilly Agro Industries Limited (PAIL) Piccadilly Agro Industries Limited (PAIL) is a publicly listed company on the Bombay Stock Exchange (BSE: PICAGRO). The company operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Agro Industries Limited has established itself as a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. The company boasts a robust portfolio that includes premium expressions of Indri single malt whisky, blended malt whisky brands and Camikara, premium sugarcane juice aged 2022, Piccadilly Agro Industries Limited made a significant mark with the launch of 'Indri' its flagship single malt whisky brand, aimed at catering to discerning consumers who appreciate quality and craftsmanship in spirits. By focusing on premiumization strategies and leveraging its technical capabilities, the company has successfully positioned itself as a leader in the Indian single malt whisky market by becoming the 'fastest growing single malt whisky brand' in 2024. Website: About ForgeStop ForgeStop is a connected product technology company that helps brands deliver engaging, trusted product experiences while protecting against counterfeiting, supply chain fraud, and lost consumer trust. Its smart label platform enables interactive product experiences that protect brands and engage buyers. Website: Nazish Khan, Avian WE, nazishk@ +91-9538385162
NDTV
20-05-2025
- Business
- NDTV
Piccadily Becomes The 1st Indian Alcobev Company To Adapt NFC Technology To Combat Counterfeiting
New Delhi, Delhi, India - Business Wire India In a pioneering move to safeguard consumers and reinforce trust in premium Indian spirits, Piccadily Agro Industries Limited has become the first Indian alco-bev company to implement ForgeStop's cutting-edge anti-counterfeit smart label technology for its acclaimed Indri Single Malt. With counterfeiting rampant in India - where it's said that more Scotch is consumed than Scotland even produces - Piccadily has taken a bold and proactive step. By integrating NFC-enabled smart labels into its packaging, the company is setting a new benchmark in authenticity and transparency, investing significantly to ensure consumers receive only genuine, original products, reinforcing trust in premium Indian spirits. ForgeStop InfoTap Labels on Piccadily products utilize EM Microelectronic echo-V chips with 128bit AES encryption and dynamically changing tokens - giving them bank level security and making them virtually impossible to fake. They also feature tag-tamper detection - alerting a consumer if the bottle seal has ever been broken - this prevents bottle re-use, a major issue with Alcohol counterfeiting that is difficult to combat with other technologies. Its platform creates a unique digital twin of every product at the moment of production and secures the product until it's enjoyed by the customer. The software allows for app-free authentication and provides batch level product information - making it the most user-friendly anti-counterfeit technology available. This technology can be connected to the blockchain generating an immutable product journey - securing supply chains. Unlike static technologies such as QR codes or holograms, this NFC tap and verify experience allows customers to simply tap their smartphones to the bottle to instantly confirm its authenticity and view batch-level information. "As a brand committed to authenticity and quality, we're proud to be the first Indian single malt brand to take this bold step," said Praveen Malviya, CEO (IMFL), Piccadily Agro Industries Limited. "Counterfeit alcohol is a serious issue in India and globally. With ForgeStop's smart technology, our customers can enjoy Indri with the confidence that what's in the bottle is exactly what we crafted." "We're proud to partner with Piccadily Distilleries, a globally recognized brand leading the way in product integrity. With ForgeStop's smart label technology, consumers can instantly verify authenticity and access product information with a simple tap-no app required. It's a seamless blend of security and brand storytelling," said Terry Katz, CEO of ForgeStop. As per the TRACIT (Transnational Alliance to Combat Illicit Trade) September 2023 report on India, a significant share of alcohol sold in India is counterfeit-well above the global average-and the problem is escalating rapidly. Counterfeit alcohol not only harms brands but also poses serious risks to consumer health. With this first-of-its-kind initiative, Piccadily is elevating the standards of transparency, safety, and innovation in the Indian spirits industry-paving the way for a more secure and connected future for whisky lovers. *Source- Source (TRACIT Report on India) Source (OECD Illicit Trade Report) Stock Ticker: (PICCADIL | 530305 | INE546C01010) About Piccadilly Agro Industries Limited (PAIL) Piccadilly Agro Industries Limited (PAIL) is a publicly listed company on the Bombay Stock Exchange (BSE: PICAGRO). The company operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Sugar. Piccadilly Agro Industries Limited has established itself as a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. The company boasts a robust portfolio that includes premium expressions of Indri single malt whisky, blended malt whisky brands and Camikara, premium sugarcane juice aged rum. In 2022, Piccadilly Agro Industries Limited made a significant mark with the launch of 'Indri' its flagship single malt whisky brand, aimed at catering to discerning consumers who appreciate quality and craftsmanship in spirits. By focusing on premiumization strategies and leveraging its technical capabilities, the company has successfully positioned itself as a leader in the Indian single malt whisky market by becoming the 'fastest growing single malt whisky brand' in 2024. About ForgeStop ForgeStop is a connected product technology company that helps brands deliver engaging, trusted product experiences while protecting against counterfeiting, supply chain fraud, and lost consumer trust. Its smart label platform enables interactive product experiences that protect brands and engage buyers.
Business Upturn
19-05-2025
- Business
- Business Upturn
Piccadily Becomes The 1st Indian Alcobev Company to Adapt NFC Technology to Combat Counterfeiting
By Business Wire Published on May 19, 2025, 16:50 IST Piccadily Agro Industries Ltd. New Delhi, Delhi, India: In a pioneering move to safeguard consumers and reinforce trust in premium Indian spirits, Piccadily Agro Industries Limited has become the first Indian alco-bev company to implement ForgeStop's cutting-edge anti-counterfeit smart label technology for its acclaimed Indri Single Malt. With counterfeiting rampant in India—where it's said that more Scotch is consumed than Scotland even produces—Piccadily has taken a bold and proactive step. By integrating NFC-enabled smart labels into its packaging, the company is setting a new benchmark in authenticity and transparency, investing significantly to ensure consumers receive only genuine, original products, reinforcing trust in premium Indian spirits. ForgeStop InfoTap© Labels on Piccadily products utilize EM Microelectronic echo-V chips with 128bit AES encryption and dynamically changing tokens – giving them bank level security and making them virtually impossible to fake. They also feature tag-tamper detection – alerting a consumer if the bottle seal has ever been broken – this prevents bottle re-use, a major issue with Alcohol counterfeiting that is difficult to combat with other technologies. Its platform creates a unique digital twin of every product at the moment of production and secures the product until it's enjoyed by the customer. The software allows for app-free authentication and provides batch level product information – making it the most user-friendly anti-counterfeit technology available. This technology can be connected to the blockchain generating an immutable product journey – securing supply chains. Unlike static technologies such as QR codes or holograms, this NFC tap and verify experience allows customers to simply tap their smartphones to the bottle to instantly confirm its authenticity and view batch-level information. 'As a brand committed to authenticity and quality, we're proud to be the first Indian single malt brand to take this bold step,' said Praveen Malviya, CEO (IMFL), Piccadily Agro Industries Limited. 'Counterfeit alcohol is a serious issue in India and globally. With ForgeStop's smart technology, our customers can enjoy Indri with the confidence that what's in the bottle is exactly what we crafted.' 'We're proud to partner with Piccadily Distilleries, a globally recognized brand leading the way in product integrity. With ForgeStop's smart label technology, consumers can instantly verify authenticity and access product information with a simple tap—no app required. It's a seamless blend of security and brand storytelling,' said Terry Katz, CEO of ForgeStop. As per the TRACIT (Transnational Alliance to Combat Illicit Trade) September 2023 report on India, a significant share of alcohol sold in India is counterfeit—well above the global average—and the problem is escalating rapidly. Counterfeit alcohol not only harms brands but also poses serious risks to consumer health. With this first-of-its-kind initiative, Piccadily is elevating the standards of transparency, safety, and innovation in the Indian spirits industry—paving the way for a more secure and connected future for whisky lovers. *Source- Source (TRACIT Report on India): Source (OECD Illicit Trade Report): Stock Ticker: (PICCADIL | 530305 | INE546C01010) About Piccadilly Agro Industries Limited (PAIL) Piccadilly Agro Industries Limited (PAIL) is a publicly listed company on the Bombay Stock Exchange (BSE: PICAGRO). The company operates primarily in two strategic business segments: Distillery and Sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Sugar. Piccadilly Agro Industries Limited has established itself as a key player in the alcoholic beverages industry, particularly renowned for its expertise in malt spirits. The company boasts a robust portfolio that includes premium expressions of Indri single malt whisky, blended malt whisky brands and Camikara, premium sugarcane juice aged rum. In 2022, Piccadilly Agro Industries Limited made a significant mark with the launch of 'Indri' its flagship single malt whisky brand, aimed at catering to discerning consumers who appreciate quality and craftsmanship in spirits. By focusing on premiumization strategies and leveraging its technical capabilities, the company has successfully positioned itself as a leader in the Indian single malt whisky market by becoming the 'fastest growing single malt whisky brand' in 2024. Website: About ForgeStop ForgeStop is a connected product technology company that helps brands deliver engaging, trusted product experiences while protecting against counterfeiting, supply chain fraud, and lost consumer trust. Its smart label platform enables interactive product experiences that protect brands and engage buyers. Website: Click here for Media Contact Details Submit your press release Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences.
Yahoo
16-05-2025
- Business
- Yahoo
NFC-Enabled Packaging Market to Grow by $14 Billion by 2034: Industry Trends, Growth Drivers, Future Opportunities, Regulatory Landscape, Business Strategies, Financial Insights, and SWOT Analysis
Dublin, May 16, 2025 (GLOBE NEWSWIRE) -- The "NFC Enabled Packaging Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to Global NFC Enabled Packaging Market was valued at USD 5.1 billion in 2024 and is estimated to grow at a CAGR of 14.1% to reach USD 19.2 billion by 2034. This growth reflects a rising global focus on smarter, more sustainable packaging solutions driven by evolving consumer expectations and industry-wide digitization trends. NFC (Near Field Communication) technology is gaining rapid traction as businesses across sectors aim to streamline operations, ensure regulatory compliance, and elevate customer engagement. As packaging becomes more than just a protective layer - serving as an interactive communication tool - NFC is transforming how brands connect with their consumers. Increasing demand for real-time data access, product transparency, and digital authentication is accelerating the integration of NFC-enabled packaging, especially in industries like pharmaceuticals, food and beverage, and logistics. Consumers are now more conscious about product origins, safety, and environmental impact, leading to a preference for smart packaging formats that can convey critical information at a tap. Simultaneously, industries are leveraging this technology to enhance efficiency in supply chain operations and minimize counterfeiting risks. Regulatory agencies are also encouraging the adoption of smart packaging to support sustainable development goals, waste reduction, and improved traceability across value chains. This broader ecosystem of innovation and accountability is setting the stage for the long-term adoption of NFC-enabled packaging globally. The NFC-enabled packaging market is categorized into NFC-embedded labels and stickers and NFC tags with NFC tags accounting for 68.3% of the market share in 2024. These tags are highly regarded for enabling seamless, contactless data exchange and are deeply integrated into IoT infrastructure. Industries are increasingly adopting them for logistics, warehouse automation, and anti-counterfeiting, as they offer a high level of reliability and efficiency. NFC labels are also transforming conventional packaging into smart, interactive platforms that improve user experience and brand on applications, the market includes supply chain and inventory management, authentication and anti-counterfeiting, customer engagement, and temperature monitoring. The supply chain and inventory management segment emerged as the leading application, generating USD 2 billion in 2024. Businesses are using NFC-enabled solutions to gain real-time insights into inventory movement, reduce manual errors, improve accuracy, and streamline regulatory compliance. These capabilities significantly enhance product traceability and facilitate swift action in case of product recalls or compliance U.S. NFC enabled packaging market is projected to reach USD 6.6 billion by 2034. Its growth is largely fueled by the nation's push toward digital transformation, expanding e-commerce ecosystem, and strong regulatory frameworks for food and pharma players like Checkpoint Systems, AWT Labels & Packaging Inc., Impinj, CCL Industries, and Avery Dennison are investing heavily in R&D and forming strategic alliances to expand product portfolios, meet sustainability targets, and align with evolving industry Market Analysis and Forecast Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape Competitive landscape with Porter's Five Forces and PESTEL analysis Market size, segmentation, and regional forecasts In-depth company profiles, business strategies, financial insights, and SWOT analysis Key Attributes Report Attribute Details No. of Pages 170 Forecast Period 2024-2034 Estimated Market Value (USD) in 2024 $5.1 Billion Forecasted Market Value (USD) by 2034 $19.2 Billion Compound Annual Growth Rate 14.1% Regions Covered Global Key Topics CoveredChapter 1 Methodology and Scope1.1 Market scope and definitions1.2 Research design1.2.1 Research approach1.2.2 Data collection methods1.3 Base estimates and calculations1.3.1 Base year calculation1.3.2 Key trends for market estimation1.4 Forecast model1.5 Primary research and validation1.5.1 Primary sources1.5.2 Data mining sourcesChapter 2 Executive Summary2.1 Industry 360 degree synopsisChapter 3 Industry Insights3.1 Industry ecosystem analysis3.2 Industry impact forces3.2.1 Growth drivers3.2.1.1 Growing consumer demand for interactive, smart packaging experiences3.2.1.2 Increasing need for real-time product information and authentication3.2.1.3 Rising e-commerce growth driving digital payment and contactless interaction3.2.1.4 Rising need for improved supply chain transparency and traceability in packaging3.2.1.5 Increasing focus on sustainable packaging solutions with added functionality3.2.2 Industry pitfalls and challenges3.2.2.1 Limited standardization and interoperability across different NFC systems3.2.2.2 Security and privacy concerns over data transmission and usage3.3 Growth potential analysis3.4 Regulatory landscape3.5 Technology landscape3.6 Future market trends3.7 Gap analysis3.8 Porter's analysis3.9 PESTEL analysisChapter 4 Competitive Landscape, 20244.1 Introduction4.2 Company market share analysis4.3 Competitive analysis of major market players4.4 Competitive positioning matrix4.5 Strategy dashboardChapter 5 Market Estimates and Forecast, By Product Type, 2021-2034 ($ Mn and Units)5.1 Key trends5.2 NFC tags5.2.1 Active5.2.2 Passive5.3 NFC-embedded labels and stickersChapter 6 Market Estimates and Forecast, By Application, 2021-2034 ($ Mn and Units)6.1 Key trends6.2 Authentication & anti-counterfeiting6.3 Supply chain & inventory management6.4 Customer engagement6.5 Temperature monitoringChapter 7 Market Estimates and Forecast, By End Use Industry, 2021-2034 ($ Mn and Units)7.1 Key trends7.2 Food & beverage7.3 Pharmaceuticals & healthcare7.4 Consumer electronics7.5 Retail & e-commerce7.6 Cosmetics & personal care7.7 Automotive7.8 Industrial goods7.9 OthersChapter 8 Market Estimates and Forecast, By Region, 2021-2034 ($ Mn & Units)8.1 Key trends8.2 North America8.2.1 U.S.8.2.2 Canada8.3 Europe8.3.1 Germany8.3.2 UK8.3.3 France8.3.4 Spain8.3.5 Italy8.3.6 Netherlands8.4 Asia Pacific8.4.1 China8.4.2 India8.4.3 Australia8.4.4 South Korea8.4.5 Japan8.5 Latin America8.5.1 Brazil8.5.2 Mexico8.5.3 Argentina8.6 Middle East and Africa8.6.1 Saudi Arabia8.6.2 U.A.E.8.6.3 South AfricaChapter 9 Company Profiles9.1 3M9.2 Avery Dennison9.3 AWT Labels & Packaging9.4 CCL Industries9.5 Checkpoint Systems, Inc.9.6 Hitachi9.7 Identiv Inc.9.8 Impinj9.9 Inovar9.10 Murata Manufacturing9.11 NXP Semiconductors9.12 Pragmatic Semiconductor Ltd9.13 Schreiner Group9.14 Thin Film Electronics ASA9.15 Toppan Group9.16 Wiliot For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
16-05-2025
- Business
- Business Standard
Piccadily Agro Industries adopts NFC-enabled smart labels for its acclaimed Indri Single Malt
Piccadily Agro Industries has become the first Indian alco-bev company to implement ForgeStop's cutting-edge anti-counterfeit smart label technology for its acclaimed Indri Single Malt. With counterfeiting rampant in Indiawhere it's said that more Scotch is consumed than Scotland even producesPiccadily has taken a bold and proac ve step. By integrating NFC-enabled smart labels into its packaging, the company is setting a new benchmark in authenticity and transparency, investing significantly to ensure consumers receive only genuine, original products, reinforcing trust in premium Indian spirits. ForgeStop InfoTap Labels on Piccadily products utilize EM Microelectronic echo-V chips with 128bit AES encryption and dynamically changing tokens - giving them bank level security and making them virtually impossible to fake.
