DUBLIN, June 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/59w7rs/global) has announced the addition of the "Global Anti-Counterfeit Packaging Market in Security Documents and Event Ticketing - Industry Analysis, Size, Growth, Trends, Opportunities, and Forecast, 2014 - 2020" report to their offering.
The global anti-counterfeit packaging (Security document and event ticketing) market generated revenue of $22.8 billion in 2014 and is forecast to reach of $38.3 billion by 2020, at a CAGR of 9.5%, over the forecast period.
Two major factors influencing the adoption of anti-counterfeit packaging technologies in security documents and event ticketing are, intellectual damage to the company in the form of goodwill and economic damage to consumer. Thus, the adoption of novel technologies for document tracking would reduce the impact of economic damage and further boost the adoption of the anti-counterfeit packaging market. Incorporation of advanced RFID technologies in document tracking and event ticketing has not only helped secure confidential documents, but has also helped in facilitating counterfeiting notifications on the event site. Counterfeiting practices are more common in developing countries, as compared to developed countries. However, the high cost for authenticating documents and event tickets considerably affects the market growth. Presently, heavy production and fragmented control over the supply of documents, are the two major challenges in this market.
Geographically, the report is segmented into North America, Europe, Asia Pacific, and LAMEA. North America anti-counterfeit technology market holds major share closely followed by Europe. Higher adoption rate of authentication technologies, active intervention from government authorities are largely responsible for the growth of the North America anti-counterfeit packaging market. The Asia-pacific region, is anticipated to witness fastest growth during the forecast period. This is due to growing awareness of authenticated products across manufacturers and a decrease in the cost of tracing anti-counterfeit technologies.
MARKET BY TECHNOLOGIES
- Authentication technology
- - Ink and Dyes
- - Holograms
- - Watermarks
- - Taggants
- Track and trace technology
- - Barcode technology
- - RFID technology
Key players profiled in this report are Graphic Security Systems, Corp., Alpvision, Giesecke & Devrient (G&D), Prooftag (Novatec SA), IAI industrial systems, U-NICA Group. and Sicapa.
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SOURCE Research and Markets