The global security printing market is anticipated to grow at a CAGR of 4.1% during 2022-2030, increased due to the adoption of security printing for preventing fraudulent activities such as counterfeiting and legal document tampering.
United states, New York, Jan. 16, 2023 (GLOBE NEWSWIRE) — As per the research report Security Printing Market published by Reports Insights, the market is anticipated to surpass USD 3.7 billion by the year 2030 from the worth of USD 2.7 billion in 2022. registering a CAGR of 4.1% during the forecast period (2022-2030)
Security Printing Market Size, Share & Trends Analysis, By Printing Type (Screen Printing, Letterpress Printing, Intaglio Printing, Lithographic Printing, Digital Printing, And Others), By Application (Cheques & Demand Drafts, Certificates, Legal & Government Documents (Identification Cards, Banknotes, And Legal Forms), Stamps, Tickets, And Others), By Region and Segment, Forecast Period 2022 – 2030. Additionally Driver, major governments and financial organizations have surged their expenditures on research and development for minimizing the risk of counterfeiting and tampering. Thus, these organizations highly rely on specialized ink, printing papers in conjunction with watermarks, postage, and tax stamps to strengthen the emphasis on security printing.
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Security printing is a technique largely adopted as a reliable standard for printing items such as cheques, banknotes, passports, identity cards, stock certificates, product authentication, and tamper-evident labels. The main goal of security printing is to integrate certain security features within mentioned items to prevent the risks of forgery, counterfeiting, and tampering. The holographic features such as guilloche-type graphics, micro text, 2D/3D images, watermarks, and optical variable inks are also largely involved to create reliable and authenticable documents. These security features are automatically authenticated via multiple handheld devices, product scanners, and desktops except the micro texts, which require magnification or manual inspection by a field inspector.
Additionally, basic security features like void pantographs, variable line thickness, ghost watermarks, drape lines, thermochromic and forensic features are used to reduce the risks of fraudulent activities. Thus, mentioned security printing features are widely adopted by the government for untampered legal documents and public ventures to meet marketing and branding specifications in a secure manner.
Market Size By 2030
USD 3.7 Billion
Wellspring Software Inc., TROY Group Inc., Graphic Dimensions Inc., D rintech, The Flesh Company, Pintegra, Plus Technologies, Agfa-Gevaert Group, Graphic Dimensions Inc., An Ennis Company, DSS, Amgraf Inc., Printech Global Secure Payment Solutions
By Printing Type
Screen Printing, Letterpress Printing, Intaglio Printing, Lithographic Printing, Digital Printing, and Others
Cheques & Demand Drafts, Certificates, Legal & Government Documents (Identification Cards, Banknotes, Legal Forms), Stamps, Tickets, And Others
Total Revenue Forecast, Company Ranking and Market Share, Regional Competitive Landscape, Growth Factors, Business Strategies, and more.
Europe [France, Germany, UK, Spain, Italy, Russia, Netherlands, Turkey, Switzerland]
Asia-Pacific [Japan, China, Southeast Asia, India, Korea, Western Asia]
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Key Market Highlights
The global security printing market is estimated to witness a CAGR of 4.1% during the forecast period (2022-2030) to exceed USD 3.7 billion by 2030.
Globally, security printing is divided based on the printing type: screen printing, letterpress printing, intaglio printing, lithographic printing, digital printing, and others.
In the context of the application, the market is separated into cheques & demand drafts, certificates, legal & government documents (identification cards, banknotes, and legal forms), stamps, tickets, and others.
The market is further geographically separated into five regions: the Asia-Pacific, North America, Europe, Latin America, the Middle East, and Africa.
North America and Asia Pacific are projected to contribute substantial shares to the market statistics due to the large production and demand of security printing by government authorities in terms of banking notes, and other legal documents.
Security Printing Market Segmentation Details:
Based on printing type, the lithographic printing segment is expected to support the growing security market statistics with the largest share contribution. Lithography is a process of making planographic prints where a design is drawn on top of a flat stone (or organized metal plate typically made of aluminum or zinc). This flat stone or plate is attached by a chemical reaction and further pressed under high pressure against the specialized paper which results in the desired impression of the print. This process is widely adopted by major institutions due to its low-cost availability, versatility, and clarity.
Based on the application, the legal & government documents segment is projected to contribute the largest shares in terms of value and volume. Several government agencies use precise and technologically advanced in-house security printing techniques for achieving secure and high-quality documents and labels. As security printing is primarily used in the production of banknotes, postage stamps, security papers, bonds, warrants, and medallions as well, the market demand is surely expected to witness a sudden rise during the forecast period.
Based on region, North America is expected to contribute the largest shares in terms of value. The increased expenditures by the federal government on the production of highly secure legal documents are anticipated to create favorable circumstances for market growth in the North American region. Additionally, the growing awareness among the population for security printing to reduce the risks of counterfeiting and tampering with legal documents such as passports, identity cards, and stock certificates create favorable demand for security printing.
Market Competitive Landscape
The research report on the security printing market aids to understand the in-detailed parameters such as industry trends, customer behavior, brand awareness, product innovations, and the potential future insights of the market. Thus, competitors gain an edge over other market players via in-depth analysis of the market definition, regional evaluation, research methodology, and market segmentation to establish a stable and competitive market position. Additionally, the report aims to provide practical and actionable insights for businesses looking to start or expand within the market circumstances.
List of Major Security Printing Market Players
The market research report evaluates the parameters like revenue growth, operational functions, and major market dynamics to portray the latest business strategies, product launches, and business collaborations. Further, the report also portrays the competitive landscape to understand the largest market share contribution, major development strategies, and market ranking analysis. Following are market players that are profiled within the report to get an overall assessment of the up-to-date market circumstances—
Table Of Content
1.1. Market Introduction
1.2. Market Research Methodology
1.2.1. Research Process
1.2.2. Primary Research
1.2.3. Secondary Research
1.2.4. Data Collection Technique
1.2.5. Data Sources
1.3. Market Estimation Methodology
1.3.1. Limitations of the Study
1.4. Product Picture of Security Printing
1.5. Global Security Printing: Classification
1.6. Geographic Scope
1.7. Years Considered for the Study
1.8. Research Methodology in brief
1.9. Parent Market Overview
1.10. Overall Security Printing Market Regional Demand
1.11. Research Programs/Design
1.12. Market Breakdown and Data Triangulation Approach
1.13. Data Source
1.14. Secondary Sources
1.15. Primary Sources
1.16. Primary Interviews
1.17. Average primary breakdown ratio
2. Market Dynamics
2.3.1. Impact forces on market dynamics
2.3.2. Impact forces during the forecast years
2.4. Industry Value Chain
2.4.1. Upstream analysis
2.4.2. Downstream analysis
2.4.3. Distribution Channel
2.4.4. Direct Channel
2.4.5. Indirect Channel
2.5. Potential Customers
2.6. Manufacturing/Operational Cost Analysis
2.7. Pricing Analysis by Region
2.8. Key Technology Landscape
2.9. Regulatory Analysis
2.10. Porter’s Analysis
2.10.1. Supplier Power
2.10.2. Buyer Power
2.10.3. Substitution Threat
2.10.4. Threat from New Entry
2.10.5. Competitive Rivalry
2.11. PESTEL Analysis
2.12. Political Factors
2.13. Economic Factor
2.14. Social Factors
2.15. Technological Factor
2.16. Environmental Factors
2.17. Legal Factor
2.18. Covid-19 impact on Global Economy
2.19. Covid-19 impact on Security Printing demand
2.20. Post-Covid Impact on Market Demand
Impact Analysis of the Russia-Ukraine Conflict
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