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Article | August 31, 2014
Anti-counterfeiting packaging market worth $128.6 billion by 2019
Authentication technologies to grow the highest within this market due to increasing awareness of counterfeit products.
According to a new report, "Anti-Counterfeiting Packaging Market by Technology (Authentication & Anti-Tempering, and Track & Trace), by Application (Food & Beverage, Pharmaceuticals, and Others)—Global Trends & Forecast to 2019," by MarketsandMarkets, defines and segments the anti-counterfeit packaging market with analysis and projection of the market size for both, authentication as well as track-and-trace technologies. It also identifies the driving and restraining factors of the global anti-counterfeit market with analyses of trends, opportunities, and challenges.
According to the report the global anti-tampering, authentication and anti-counterfeit packaging Market is projected to grow at a healthy Compound Annual Growth Rate (CAGR) of 14.1% between 2014 and 2019.
Authentication technologies are projected to grow at the highest CAGR of 16.3%, because of the increasing awareness about counterfeit products. The market sizes of various segments and sub-segments have been projected on the basis of major regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (ROW). The market is further segmented and the market sizes are projected on the basis of technologies and applications.
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Anti-counterfeit technologies are used to curtail the use of counterfeit products in the food and pharmaceutical markets among numerous other sectors. In 2014 North America is identified as the largest market supporting anti-counterfeit, anti-tampering, and authentication technologies followed by Europe. Asia-Pacific is the fastest-growing market for anti-counterfeit technologies with increasing awareness about counterfeit products penetrating regional markets.
In 2013, the U.S., Germany, and Japan were the largest markets for anti-counterfeit technologies among countries included in the report. Authentication constituted the largest technology group, followed by track and trace technologies, for the anti-counterfeit, anti-tampering and authentication market.
The report also touches on various other important aspects of the market. It includes an analysis of the competitive landscape. In addition, key players of this market have also been profiled.
MarketsandMarkets is a global market research and consulting company based in the U.S. that publishes strategically analyzed market research reports and serves as a business partner to Fortune 500 companies worldwide.
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