According to 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 & 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 & Anti-Counterfeit Packaging Market is projected to grow at a healthy 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
Anti-counterfeit technologies are used to curtail the use of counterfeit products in the food & pharmaceutical markets among numerous other sectors. In 2014 North America is identified as the largest market supporting anti-counterfeit, anti-tampering & 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 are 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 & authentication market.
