Global Security Printing Market
The GMI Research stimulates that the Security Printing Market is witnessing an upsurge in demand over the forecast period. This is because of the development of new techniques concerned with the safety features and their assistance to prevent duplication and tampering of these instruments.
Introduction of the Security Printing Market
Security printing is a field of the printing industry that includes printing documents needed to be safeguarded against duplication. In short, it involves printing items like banknotes, tamper-evident labels, cheques, security tapes, passports, product verification, stock certificates, and postage stamps.
Key Players of the Market:
- Giesecke+Devrient GmbH
- Thomas Greg & Sons
- Security Brands Solutions S.r.l
- Goebel GmbH
- Leibinger Group
- Pozzoni S.p.A.
Security Printing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The augmenting development in printing solutions, such as the advent of RFID marks and the growing implementation of this method across enormous end-use industries, like driving, passport, ticketing, birth certificate issuing, and personal ID are responsible for the growth in the global security printing market. Also, the rising apprehension towards safety and increasing counterfeiting incidences will supplement the market growth. The security method implements different methods, which include intaglio printing, ultraviolet printing, holograms, geometric lathe work, and color-shifting inks. Further, the surging demand for brand protection solutions will generate new growth opportunities for the market.
In addition, their rising demand from different industry verticals like government, banking, and commercial is strengthening the market demand. Moreover, the surging innovations by major market players to launch new solution including high indemnity properties like micro-lettering, intaglio printing, and color changing inks has extensively paved the way for market growth. However, increasing digitalization and rising utilization of digital instruments will hamper the security printing market size.
Security Feature Segment Drivers
On the basis of Security Features, the watermark is contemplated to retain its superiority over the coming years. This is primarily attributed to their aggravating deployment of currency and other essential instruments to prevent fraud. Thus, as per the security printing market report the elevating ecosystem of currency over other instruments will bolster market growth.
Based on the region, Asia-Pacific is expected to lead the market because of increasing cases of counterfeiting and a growing population. Besides this, other factors, such as rapid globalization and economic enhancement, will supplement the global security printing market size.
Security Printing Market Segmentation:
Segmentation by Security Feature
- Hybrid Paper
- Color Pigments
- Micro Printing
Segmentation by Application
- Bank Notes
- Payment Cards
- Personal ID
Segmentation by End User
Segmentation by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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