The global anti-counterfeit clothing and accessories packaging market accounted for a revenue of $12 billion in 2014 and is expected to reach $20.5 billion by 2020, registering a CAGR of 9.9% over the forecast period.
Presently, the counterfeiting rates of clothing and accessories impedes the financial growth of fashion and luxury goods industry. To overcome counterfeiting practices, the growing trend of multilayered product protection for fashion accessories would largely boost to the authentication technology market. Local manufactures form the key user segment of economic authentication technologies (Ink and dyes - Holograms - Watermarks - Taggants - Track and trace technology - Barcode technology - RFID technology). A high demand is estimated for the segment of cost-effective authentication technologies during the forecast period.
A large adoption of track and trace technologies by manufacturers of premium fashion wear and accessories is observed in the market. Barcode technology was the highest revenue-generating segment in 2014 and is expected to sustain its market share during the forecast period. Among all the track and trace technologies, the economic pricing of barcode technology is a factor that would drive its market growth. Also, the segment of RFID and m-pedigree technologies hold promising opportunities for premium product tracking.
North America and Europe were the highest revenue-generating regions; collectively contributing to 84% of the global market in 2014. Also, there are potential opportunities for players in emerging economies, particularly in the BRIC countries. All the factors mentioned above along with the increased product vigilance of manufacturers would increase the demand for advanced and cost-effective anti-counterfeit solutions.
Key players profiled in the report include Alien Technology Corp., AlpVision, Zebra Technologies Corp., Avery Dennison Corp., Microtrace Solutions, Impinj Incorporation, Applied DNA Science Inc., Brand Integrity International, and RDS Labels.
World Anti-counterfeit Clothing and Accessories Packaging - Market Opportunities and Forecasts, 2014 - 2020 (july 2015 - 104 pages)