The anti-counterfeit pharmaceutical and cosmetics packaging market will reach $80.2 billion by 2020, according to a new report by Allied Market Research.

The report is titled: “Global Anti-Counterfeit Pharmaceutical and Cosmetics Packaging Market-Industry Analysis, Size, Growth, Trends, Opportunities, and Forecast, 2014-2020.” It forecasts these markets to grow at a CAGR of 15.7% during 2015-2020.

The Anti-Counterfeit Technologies

Hologram authentication technology segment accounted for about 52% share in 2014 and will continue to lead the market through 2020, mainly due to varied products and economic pricing, the market research firm says. E-pedigree authentication technology would be the fastest growing segment among RFID anti-counterfeit technologies market, and is estimated to grow at a CAGR of 21.5% during 2015-2020.

Authentication packaging technology garnered a promising market share as compared to track and trace technologies in 2014. However, the growing adoption of track and trace technologies, such as RFID, Barcode and ePedigree, in product tracking and inventory management would surpass the authentication technology segment by 2020.