Security Printing Market to Grow with a CAGR of 8.4% Globally through to 2028
Global Security Printing Market is rising due to the
increasing need for counterfeit prevention, secure document production, and
enhanced authentication features amid growing security concerns across various
industries in the forecast period 2024-2028.
According to TechSci Research report, “Global Security
Printing Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, The Global Security Printing Market is experiencing
significant growth driven by escalating security concerns across sectors. As
counterfeiting and forgery threats persist, industries such as finance,
government, healthcare, and retail are increasingly adopting security printing
solutions. These technologies include specialized printing methods, holograms,
watermarks, and security inks that deter counterfeiters and safeguard sensitive
documents and products. Government initiatives to curb identity theft and
maintain secure national documents, such as passports and IDs, are propelling
the demand further. Additionally, the rise in online transactions has augmented
the need for secure documents like tamper-evident labels and secure checks. The
market is witnessing innovations in anti-counterfeiting technologies and the
integration of digital elements for enhanced authentication. With stringent
regulations and the need for brand protection, businesses are investing in
advanced security printing solutions to maintain consumer trust and protect
their intellectual property, ensuring the market's continuous expansion.
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Printing Market”.
The global security printing market is experiencing
significant growth, driven by the increasing need for secure and
counterfeit-resistant printing solutions across various industries. Security
printing encompasses the production of documents, such as banknotes, passports,
identity cards, and secure labels, with advanced features that deter
counterfeiting and ensure authenticity. In today's digital age, where
counterfeiting and forgery pose significant threats to governments, financial
institutions, and businesses, security printing has emerged as a preferred
choice for safeguarding valuable assets and protecting sensitive information. One
of the key factors driving the growth of the global security printing market is
the rising prevalence of counterfeiting activities. Counterfeit products not
only result in substantial financial losses for businesses but also pose risks
to consumer safety and brand reputation. As a result, governments and
organizations are increasingly investing in advanced security printing
technologies to combat counterfeiting and ensure the integrity of their
products. Security printing solutions, such as holograms, security inks, and
tamper-evident labels, provide visual authentication elements that are
difficult to replicate, making it easier to identify genuine products and deter
counterfeiters.
The banking and finance sector is a major contributor
to the growth of the security printing market. Banks and financial institutions
rely on security printing to produce secure documents, including banknotes,
checks, and certificates, that require advanced security features to prevent
forgery and fraud. With the increasing prevalence of financial crimes, such as
identity theft and counterfeit currency circulation, the demand for secure
printing solutions in the banking sector has surged. Security printing technologies,
such as microprinting, color-shifting inks, and intricate designs, provide
enhanced security features that are challenging to replicate, ensuring the
authenticity of financial documents and protecting the interests of both
financial institutions and their customers.
The packaging industry is another significant driver
of the global security printing market. As consumer preferences evolve and
competition intensifies, packaging plays a crucial role in attracting customers
and ensuring product integrity. Counterfeit products not only harm brand
reputation but also pose risks to consumer health and safety. Security printing
technologies, such as holograms, tamper-evident labels, and unique
serialization codes, provide visual authentication and anti-counterfeiting
features that safeguard products and brands. Additionally, security printing
helps in ensuring the traceability and authenticity of packaged goods, which is
particularly important in industries such as pharmaceuticals, food and
beverages, and luxury goods. Technological advancements are also fueling the
growth of the global security printing market. As counterfeiters become more
sophisticated, there is a constant need for innovative printing solutions that
can effectively combat fraudulent activities. The integration of advanced
technologies, such as nanotechnology, micro-optics, and digital printing, has
revolutionized the security printing industry. These advancements have enabled
the development of highly secure and tamper-proof features that are difficult
to replicate, ensuring the authenticity and integrity of printed documents and
products.
In conclusion, the global security printing market is
witnessing significant growth due to the increasing need for secure and
counterfeit-resistant printing solutions. The rising prevalence of
counterfeiting activities, coupled with the demand for enhanced security in the
banking and finance sector and the packaging industry, are driving the market's
expansion. Technological advancements continue to play a crucial role in
providing innovative printing solutions that effectively combat counterfeiting
and ensure the integrity of valuable assets and sensitive information. As
industries across the globe recognize the importance of implementing
comprehensive security measures, the global security printing market is
expected to witness continued growth in the coming years.
The Global Security Printing Market is segmented into Printing
Type, Application, regional distribution, and company.
Based on Application, the industry has been segmented into
cheques, bank notes, legal and government documents, certificates, personal
IDs, and others. In 2022, the personal ID application segment held the largest
revenue share of more than 22% and is expected to exhibit a CAGR of nearly 8.1%
from 2023 to 2030. Growing international travel, expanding business
opportunities, and enhanced mobility for education and employment purposes have
fueled the need for secure identification and travel documents. Additionally,
geopolitical shifts, cross-border collaborations, and the rise of global supply
chains have intensified the requirement for streamlined and reliable travel
credentials. This surge in demand presents a lucrative market opportunity for
the target industry to provide innovative solutions that not only adhere to
stringent security standards but also facilitate seamless international
movement and authentication processes. The expansion is further facilitated by
progressive developments in printing solutions, exemplified by the evolution of
RFID technology. This technology's increased integration across various end-use
applications like driving licenses, personal identification, passports, birth
certificate issuance, and ticketing has significantly contributed to market
growth.
Counterfeiting practices are most
prevalent in passports, banknotes, identity cards, postage stamps, security
printing papers, and stock certificates. These practices aid in the prevention
of forgery and counterfeiting of the instruments mentioned above. The key
end-market verticals using security printing include supply chain and Banking,
Financial Services, and Insurance (BFSI). Legal authorities are responsible for
issuing legal stamps, passports, unique personal IDs, security printing papers,
driving licenses, and birth and death certificates. The rising cases of forgery
and tempering are expected to result in the increasing application of security
printing across various applications, hence helping the overall market growth.
Based on region, North America held a significant revenue
share of over 28% in 2022 and is expected to be among the most influential
markets globally. This dominance can be attributed to the region's extensive
adoption of lithographic and screen printing. North American nations, including
the United States, Canada, and Mexico, have become pioneers in incorporating
these advanced methods across diverse manufacturing operations. The adoption of
an array of techniques aimed at combating forgery-such as photo integration, barcoding,
biometric identifiers, reversed out text, fluorescent serial numbers, embossing
stamps, iFADO (intranet False and Authentic Documents Online), gravure print,
and ink stamp-is poised to drive market expansion throughout North America
significantly. Asia Pacific is projected to witness remarkable growth,
expanding at the highest CAGR over the forecast period owing to the adoption of
advanced technology related to security printing in countries like India,
China, and Japan. Increasing concerns over corruption, fake currency, and
terror funding will surge the market in the countries. Factors such as
alternative modes of payment (including bank checks and payment cards) and
large-scale ID programs initiated by enterprises are projected to boost the
market in the region. The Europe market for security printing is estimated to
grow significantly over the forecast period, due to increased migration and the
adoption of advanced technology to fight corruption, money laundering, and fake
currency.
Major companies operating in Global Security
Printing Market are:
- Giesecke Devrient GmbH
- De La Rue plc
- CCL Industries Inc.
- Document Security Systems, Inc.
- Brady Corporation
- SICPA Holding SA
- Orell Füssli Holding AG
- Security Printing and Minting
Corporation of India Limited (SPMCIL)
- Bundesdruckerei GmbH
- Royal Mint of Spain
- Polska Wytwornia Papierow Wartosciowych
S.A. (PWPW)
- Goznak
- Crane Currency
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“The global security printing market is experiencing
significant growth, driven by the increasing need for secure and counterfeit-resistant
printing solutions across various industries. Security printing involves the
production of documents like banknotes, passports, identity cards, and secure
labels with advanced features that deter counterfeiting and ensure authenticity.
In today's digital age, where counterfeiting and forgery pose significant
threats to governments, financial institutions, and businesses, security
printing has emerged as a preferred choice for safeguarding valuable assets and
protecting sensitive information. Governments and organizations are investing
in advanced security printing technologies, such as holograms, security inks,
and tamper-evident labels, to combat counterfeiting and ensure product
integrity. The banking and finance sector heavily relies on security printing
to produce secure documents that require advanced security features to prevent
forgery and fraud. The packaging industry also contributes to the growth of the
security printing market by using technologies like holograms, tamper-evident
labels, and serialization codes to safeguard products and brands. Technological
advancements, including nanotechnology, micro-optics, and digital printing,
further fuel the market's growth by providing innovative solutions to combat
counterfeiting. As industries recognize the importance of comprehensive
security measures, the global security printing market is expected to continue
growing in the coming years,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Security
Printing Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Printing Type (Screen Printing, Letterpress Printing,
Digital Printing, Lithographic Printing, Intaglio Printing, Others), By
Application (Cheques, Bank Notes, Legal & Government Documents,
Certificates, Personal ID, Others), By Region, By Competition”, has
evaluated the future growth potential of Global Security Printing Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Security Printing Market.
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