Anti-Counterfeit Packaging Market to Reach $142.7 Billion by 2020
According to a new report by Allied Market Research titled "Anti-Counterfeit Packaging Market (Food & Pharmaceuticals) - Global Opportunity Analysis and Industry Forecast, 2012 - 2022", the global anti-counterfeit packaging market in food and pharmaceuticals is forecast to attain market value of$142.7 billion by 2020 from$57.4 billion in 2013, growing at 13.9% CAGR during 2013 to 2020. Technological advancements and government initiatives to curb counterfeiting is expected to drive the market growth.
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