USD 4.40 billion
Security Printing Market Size, Share, Growth Analysis, By Type(Intaglio Printing, Offset Printing), By Application(Banknotes, Passports) - Industry Forecast 2024-2031
Report ID:
SQMIG20K2001 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
68 |
Figures:
81
Security Printing Market Insights
Global Security Printing Market size was valued at USD 4.40 billion in 2022 and is poised to grow from USD 4.54 billion in 2023 to USD 5.79 billion by 2031, growing at a CAGR of 3.10% during the forecast period (2024-2031).
The global security printing market caters to the printing needs of items requiring authentication, such as banknotes, passports, identity cards, stock certificates, and postage stamps. It employs various techniques such as intaglio printing, holograms, special paper, micro-printing, security threads, watermarks, and serial numbers to deter forgery, counterfeiting, and tampering. Secure printing plays a vital role in safeguarding important aspects of protection in computer systems and other applications. To ensure the integrity of products, security measures are crucial after they leave the manufacturing or packaging unit. Many software products rely on holographic stickers that tear upon removal from the package, providing protection against forgery.
Consequently, companies are investing in research and development to enhance security technologies. Governments of developed and developing economies are also endorsing these advancements to reduce economic losses caused by tampering and counterfeiting. The utilization of hybrid printing papers in currency printing is anticipated to combat corruption, money laundering, and currency counterfeiting, thus driving market growth. Security inks are a key driver of the global market. The market is propelled by security regulations and law enforcement efforts. The increasing incidence of fraudulent activities in financial institutions, alteration and tampering in product branding, and personal identity theft contribute to the market expansion. Additionally, rising consumer awareness regarding fraud and counterfeiting activities further bolsters the market's growth potential during the forecast period.
US Security Printing Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Banknotes
Fastest Growth
Banknotes
Growth Rate
3.10% CAGR
Global Security Printing Market ($ Bn)
Country Share for North America Region (%)
Global Security Printing Market By Type ($ Bn)
Global Security Printing Market By Type (%)
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Security Printing Market Segmental Analysis
Global Security Printing Market is segmented by type, application, and region. Based on type, the market can be segmented into bIntaglio Printing, Offset Printing, Letterpress Printing, Gravure Printing, Screen Printing, and Others . Based on application, the market is segmented into intaglio Banknotes, Passports, Identity Cards, Stamps (Postage & Tax), and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Security Printing Market Analysis by Type
By type, the market can be segmented into banknotes, passports, identity cards, postage stamps, and tax stamps. Banknotes represent the dominating segment in the security printing market. Governments and central banks across the globe invest heavily in enhancing the security features of their currencies to combat counterfeiting and ensure trust in their monetary systems. The demand for secure banknotes is driven by factors such as economic growth, increased cash circulation, and the need for advanced security features. Technological advancements in printing techniques and security features have significantly contributed to the dominance of banknotes in the security printing market.
Identity cards emerge as the fastest growing segment in the security printing market. The growing emphasis on identification and verification in various sectors, including government, corporate, and healthcare, has fueled the demand for secure identity cards. Governments worldwide are implementing national identification programs, requiring secure identity documents for citizens. Additionally, the rise in identity theft and fraud incidents has led to stricter regulations and the adoption of advanced security features in identity cards. This, coupled with the increasing population and urbanization, has contributed to the rapid growth of the identity card segment in the security printing market.
Security Printing Market Analysis by Application
By application, the market can be segmented into intaglio printing, offset printing, letterpress printing, gravure printing, and screen printing. Intaglio printing represents the dominating segment in the security printing market based on printing technology. Intaglio printing is widely recognized for its ability to provide high levels of security, durability, and intricate details, making it ideal for printing banknotes and other valuable documents. The unique characteristic of intaglio printing is the engraved image or design that is recessed into the printing plate. This method allows for the creation of complex patterns, microtext, and tactile elements that are difficult to replicate, offering superior anti-counterfeiting capabilities. The demand for intaglio printing continues to be strong due to the ongoing need for secure and tamper-resistant currency notes globally.
Offset printing emerges as the fastest growing segment in the security printing market based on application. Offset printing offers several advantages, including high-quality prints, cost-effectiveness, and versatility. While offset printing has traditionally been more commonly associated with commercial printing, its adoption in security printing applications has been growing steadily. This growth is primarily driven by the demand for security printing solutions in sectors such as identity cards, passports, and official documents. The ability of offset printing to produce vibrant and detailed prints, combined with its flexibility in accommodating various security features, has contributed to its increasing prominence in the security printing market.
Global Security Printing Market By Type, 2023 (%)
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Security Printing Market Regional Insights
North America dominated the global Security Printing Market. The region has a well-established economy, advanced technological infrastructure, and stringent security regulations, which contribute to its leading position. The United States and Canada are the key countries driving the market growth in North America. The United States holds a significant share in the global market due to its large-scale production of banknotes, passports, and identity cards. The country's robust financial sector, coupled with strict security measures, fuels the demand for security printing solutions. Furthermore, the presence of major security printing companies and continuous technological advancements drive the market growth in the United States.
On the other hand, the Asia-Pacific (APAC) region is the fastest-growing region in the global security printing market. The region is experiencing rapid economic growth, technological advancements, and increasing concerns about counterfeiting and forgery. Several countries in APAC, including China, India, Japan, and South Korea, are witnessing substantial market growth. China holds a significant share in the APAC market, primarily driven by its massive population and growing economy. The country's continuous efforts to enhance security features in banknotes and identity cards contribute to the demand for security printing solutions.
Global Security Printing Market By Region, 2024-2031
- Largest
- Fastest
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Security Printing Market Dynamics
Security Printing Market Drivers
Increasing need to combat counterfeiting and forgery
- One key driver in the global security printing market is the increasing need to combat counterfeiting and forgery. With the rise in fraudulent activities across various sectors, including finance, personal identity, and product branding, there is a growing demand for secure printing solutions. Governments and organizations worldwide are adopting stringent security regulations and investing in advanced security features to protect their assets and maintain trust among consumers. This driver propels the market by fueling the demand for security printing technologies and solutions.
Security Printing Market Restraints
High cost associated with implementing advanced security printing technologies
- A significant restraint in the global security printing market is the high cost associated with implementing advanced security printing technologies. The incorporation of sophisticated features such as holograms, special inks, and security threads can significantly increase the production expenses. This poses a challenge, particularly for small and medium-sized enterprises with limited budgets. Moreover, the ongoing need for continuous research and development to stay ahead of counterfeiters and address evolving security threats adds to the overall cost burden. The cost constraints may hinder the adoption of security printing solutions, thereby restraining market growth.
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Security Printing Market Competitive Landscape
Global Security Printing Market is characterized by a diverse range of players offering a variety of security printing solutions. These companies focus on continuous research and development to enhance their product offerings and stay ahead in the market. The competitive environment is driven by factors such as technological advancements, product innovation, and strategic partnerships. Market players strive to differentiate themselves by providing customized security printing solutions to cater to the unique needs of various industries. The competition fosters a dynamic market where companies constantly strive to gain a competitive edge and expand their market presence.
Security Printing Market Top Player’s Company Profiles
- De La Rue plc (UK)
- Agfa-gevaert Group
- Giesecke+Devrient
- Graphic Dimensions Inc
- Cetis d. d.
- Printech Inc
- Authentix.
- E7 Group
- Sequana Group (France)
- Orell Füssli Holding AG
- Bundesdruckerei GmbH (Germany)
- United Security Printing Company (Thailand)
- Goznak
- Iris Corporation Berhad
- Drewsen Spezialpapiere GmbH & Co. KG (Germany)
- Veridos GmbH (Germany)
- Polska Wytwórnia Papierów Wartościowych S.A. (Poland)
- Security Printing and Minting Organization of Iran (Iran)
- Royal Mint of Spain (Spain)
- Thai British Security Printing Public Company Limited (Thailand)
- Hong Kong Note Printing Limited (Hong Kong)
- KBA-NotaSys (Switzerland)
- Brazil Mint (Brazil)
- Crane Currency (US)
Security Printing Market Recent Developments
- In May 2023, Gemalto, a digital security company, launched a new secure document reader, IDxyz, which offers advanced biometric authentication and document verification capabilities for identity cards and passports.
- In March 2023, Crane Currency, a global banknote supplier, announced a strategic partnership with Asahi Photoproducts, a leading flexographic plate supplier, to enhance the quality and security of its banknote printing processes.
- In January 2023, Thales Group, a French multinational company, acquired Entrust, a leading provider of trusted identities and secure transactions, to strengthen its portfolio in the security printing and digital identity space.
- In September 2022, Japan Banknote Printing and Minting Corporation (JPBN), the national minting and printing agency of Japan, invested in new security printing technologies to enhance the security features and durability of Japanese banknotes.
- In July 2022, SICPA, a Swiss provider of security inks and solutions, partnered with Oracle to integrate blockchain technology into its secure supply chain solutions, enabling enhanced traceability and anti-counterfeiting capabilities.
Security Printing Key Market Trends
- One key market trend in the global security printing market is the growing adoption of digital and mobile authentication solutions. With the increasing use of smartphones and digital platforms, there is a shift towards incorporating secure digital authentication methods in addition to traditional security printing techniques. This trend enables enhanced verification and authentication of documents and products, providing real-time validation and improved convenience for end-users. The integration of digital technologies in security printing solutions allows for advanced tracking, authentication, and anti-counterfeiting measures, catering to the evolving needs of industries and consumers.
Security Printing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Security Printing Market analysis, the market plays a vital role in providing authentication and safeguarding against forgery, counterfeiting, and tampering of various items. It encompasses technologies like intaglio printing, holograms, security threads, and micro-printing. North America dominated the market, driven by well-established economies and strict security regulations. Meanwhile, the Asia Pacific region is witnessing significant growth due to expanding economies and increasing concerns about counterfeiting. Key drivers include the need to combat fraudulent activities and maintain trust among consumers. However, the high cost of implementing advanced security printing technologies poses a restraint. The market also experiences trends towards digital and mobile authentication solutions to meet evolving industry demands.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.40 billion |
| Market size value in 2031 | USD 5.79 billion |
| Growth Rate | 3.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Security Printing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Security Printing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Security Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Security Printing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Security Printing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Security Printing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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