August 12th, 2021
Global Security Printing Market
The GMI Research forecasts that the Security Printing Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rise in domestic and international polymer simulation, several techniques related to security features, and rising incidences of forgery and tampering practices.
Introduction of the Security Printing Market
Security printing refers to the field of the printing industry. It deals with printing items like banknotes, cheques, passports, tamper-evident labels, security tapes, product authentication, stock certificates, postage stamps, and identity cards.
Key Players of the Global Security Printing 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)
Several drivers contributing to the growth of the global security printing market include the increasing modernizations in printing solutions, like the evolution of RFID marks and their rising implementation across several end-use industries, such as the passport, driving license, birth certificates issuing, personal ID, and ticketing sector. In addition, the aggravating demand concerned with brand protection and the escalating innovations by leading players to launch new solutions with enhanced features will further supplement the security printing market size. The method implies different printing techniques like intaglio printing, holograms, geometric lathe work, color-shifting ink, and ultraviolet printing. Also, the surging apprehension concerned with the mounting cases of counterfeiting is another factor strengthening the industry's growth.
On the other hand, the security printing market report stated that rapid digitalization and the acquisition of digital instruments would hinder market growth.
Security Feature Segment Drivers
Based on the Security Features, the watermark is expected to hold the largest share in the market during the forecast period. This is primarily because they are increasingly deployed on currency and other essential instruments to prevent counterfeiting. Thus, the expanding ecosystem of currency over other instruments is paving the way for market growth.
Application Segment Drivers
Based on the Application, banknotes are contemplated to witness significant growth due to the high occurrence of fraud; raising the demand for protection of banknotes has propelled the market growth.
End User Segment Drivers
Based on the End User segment, the commercial sector will expand at a higher CAGR in the near future. This is primarily attributed to the product certification, stock certificates, and other essential documents. On the other hand, government and banking are predicted to lead the market because of the exacerbating measures taken for the security against the fabrication of banknotes.
Based on the region, Asia-Pacific is forecasted to stand over in the market over the coming years because of counterfeit and mounting population cases. Further, other macro-economic factors, including swift globalization, and economic development, will bolster the market growth.
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:
· North America
o United States of America
· Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a consulting company that provides insights into business and market research reports for every enterprise. The research team supports clients to comprehend the impact of market dynamics such as size, share, drivers, growth opportunities, and other market aspects. Our team of analysts and industry experts conducts market intelligence studies to make sure that all fact-based research reaches a wide range of FMCG, Technology, Energy, Healthcare, and other industries. Our organization collects all relevant information about the industry using both internal and external databases. We provide step-by-step help to our clients through strategic and consulting services to attain a managerial and actionable decision.
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