USD 125.39 billion
Security Printing Market Size, Share, and Growth Analysis
Security Printing Market by Application (Banknotes, Passports), by Technology (Offset Printing, Digital Printing), by End User (Government, Commercial), by region -industry forecast 2025-2032
Report ID:
SQMIG20K2001 |
Region:
Global |
Published Date: February, 2025
Pages:
202
|Tables:
68
|Figures:
81
Format -
Security Printing Market Insights
Global Security Printing Market size was valued at USD 125.39 billion in 2023 and is poised to grow from USD 135.8 billion in 2024 to USD 256.99 billion by 2032, growing at a CAGR of 8.3% during the forecast period (2025-2032).
The rise in fraud and counterfeiting cases has made it dangerous for any organization to operate without making heavy investments in technologies that make currency, identification documents, and product packaging more secure. These have enhanced the market, thus demanding that governments and corporations significantly invest in cutting-edge printing technology to manage dangers from security errors. Additionally, security printing production methods have improved as a result of the movement towards digital transformation. This improves the general protection of sensitive data while also guaranteeing the validity of the product. The market's opportunities are always changing. There is a significant opportunity for creative security printing applications due to the increasing use of smart cards and electronic identity systems.
There are now new growth opportunities for landscape image recognition as the eco-friendly and sustainable printing material provides such safeguards to trademarks versus imitation by companies that wish to persist. Such competitiveness can set out the development route that helps the commercial sector adjust to the safer but more easily accessible solutions required by customers. As revealed by trends, digital watermarking and holography have been increasingly undertook security roles in recent years. Technological developments make it possible to incorporate intricate designs that are challenging to duplicate. Additionally, as businesses and customers search for distinctive ways to identify themselves, the importance of personalization in security papers is growing. In addition to improving the visual appeal, this fortifies security protocols.
US Security Printing Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Banknotes
Fastest Growth
Passports
Growth Rate
8.3% CAGR
Global Security Printing Market ($ Bn)
Country Share by North America (%)
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Security Printing Market Segments Analysis
Global Security Printing Market is segmented by Printing Type, Application and region. Based on Printing Type, the market is segmented into Screen Printing, Letterpress Printing, Digital Printing, Lithographic Printing and Intaglio Printing. Based on Application, the market is segmented into Banknotes, Cheques, Identity Cards, Passports, Stock Certificates, Postage Stamps and Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Application
As per categorization by application, the market is classified as banknotes, passports, identity cards, tax stamps, and ticketing. Among these, banknotes earned the largest share and continue to hold the dominant global security printing market share. Banknotes is the most important usage for global security printing market driven by advanced security features, which includes holograms, watermarks, and microprinting, for security purposes, and it is also used to fight counterfeiters. Innovations with polymer banknotes and new security inks are getting attention for their long life and resistance to fraudulent behaviour. It is adopted on an important note due to the dire necessity for safe and authentic currency in a forecast of the significant interest in countering counterfeiting for various governments and financial institutions, when global economies will setup their monetary belief.
The passports application is set to be the fastest-growing segment in the global security printing market due to increasing international travel, heightened concerns over identity theft, and the rise of sophisticated counterfeit technologies. Adding biometric features to countries' passports will increase the level of security of the document; incorporation of advanced security features of the RFID chip, hologram, and facial recognition will further increase the demand of highly secure and tamper-proof travel documents. The necessity for fortified security measures against the borders along with the global migration trend would drive the needful passport security upgrade even more. These developments, apart from the other ever-innovating ways of document authentication, make the application for a passport a key mainly growth area within the market.
Analysis by Technology
Offset printing is a dominating segment in the global security printing market, known for its high-quality, precise, and cost-effective production of security documents such as banknotes, passports, and ID cards. The incorporation of sophisticated inks, security threads, and micro-text to enhance the security of different documents that would be harder to counterfeit could be taken as an innovation that is increasingly being adopted in security printing. Its preeminence can be attributed primarily to the manifested ability of offset printing to produce designs that are as complex as they are large, as well as to conduct this undertaking inexpensively in terms of time and costs. Its usage in government and financial sectors for producing secure documents widely complements offset's dominance in security printing.
Digital printing technology is poised to become the fastest-growing segment in the global security printing market due to its ability to offer high customization, faster production times, and cost-effectiveness for short-run security documents. Digital printing differs from traditional techniques in that it allows variable data printing, which means you can include some unique features of security, such as QR codes, serial numbers and personalized IDs on a document-to-document basis. The quickly accelerating demand for advanced authentication, on-demand printing and flexible designing acutely positions digital printing as a major player in the evolving security printing landscape in sectors such as government, finance and logistics.
Global Security Printing Market By Application (%)
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Security Printing Market Regional Insights
North America dominates the global security printing market due to its robust infrastructure, advanced technology adoption, and strong demand from government and financial sectors. It is due to strengthened border security, safeguarded identities and, more importantly, tough anti-counterfeit measures that the requisite huge sums for research and development in security printing technology are made available. Moreover, stringent laws and regulations for the manufacture of secure documents such as banknotes and passports have been applied in the development of the market. This continent has already evolved into a remarkable market by development and growth which boosts the constant innovations in printing technology. This development further strengthens the continent as a hub for financial services, e-commerce, and cross-border trade; essentially, they confidently become one of the critical drivers in the global market for graphic design materials.
Europe is the fastest-growing region in the global security printing market due to its strong focus on enhancing document security across various sectors, including finance, government, and transportation. A rising demand for advanced security printing technology in the Asia Pacific region is due to digital transformation and increasingly strict anti-counterfeiting regulations and developments including the biometric passports and smart identity cards are tangible signs of progress. Europe’s commitment to combating identity fraud and supporting cross-border security initiatives also contributes to the market’s growth. Furthermore, the presence of key market players and innovation hubs accelerates the adoption of state-of-the-art printing solutions, positioning Europe as a leader in the global security printing market outlook.
Global Security Printing Market By Geography
- Largest
- Fastest
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Security Printing Market Dynamics
Security Printing Market Drivers
Increasing Demand for Secure Documents
- One of the key growth factors in the global security printing market is the increasing need for secure documents like passports, banknotes, and ID cards. Governments and financial organizations are making these strong investments to fight the counterfeiters and prevent ID theft, which means the requirement for sound printing mechanisms that cannot be tampered with is increasing.
Technological Advancements in Printing
- Latest technological advancements in printing, especially digital and offset printing are dramatically influencing the global security printing market growth. Some of the reasons for better document security include the advances in technology, which bring about security features such as holograms, microtext, and RFID-enabled security features. Thus, the technological improvement is expected to facilitate the production of highly secure documents resulting in market growth and market acceptance across all domain industries.
Security Printing Market Restraints
Complex Regulatory Compliance
- The complex regulatory landscape surrounding security printing standards and compliance poses challenges for market players. Keeping up with varying regional and international security protocols as well as continuously updating them to deal with emergent threats, adds to operational complexity, which may stand in the way of product development and market growth in later stages.
High Dependency on Traditional Printing Methods
- Many organizations in the security printing industry still rely heavily on traditional printing methods, such as offset printing, which can limit the integration of newer, more efficient technologies. Support from antiquated systems impedes innovation, thereby slowing overall market progress as it hampers efficiency and increases overhead.
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Security Printing Market Competitive Landscape
The global security printing market is highly competitive, with several key players leading in technology innovation, product offerings, and market reach. Companies focusing on holograms, RFID, and biometric security features aimed at minimizing the dangers caused by counterfeiting that occur in the market. Major international companies in this market are De La Rue, Giesecke+Devrient, Crane Currency, and ADVANCED TECHNOLOGY SECURITY, with an overall competitive edge achieved through investments in advanced printing technologies, expansion of their global footprint, and servicing the rising demand for secure documents in numerous sectors.
Top Players in Security Printing Market
- Giesecke+Devrient (Germany)
- De La Rue plc (UK)
- Document Security Systems, Inc. (USA)
- Sequana Group (France)
- Security Printing and Minting Corporation of India Limited (India)
- Orell Fussli Holding AG (Switzerland)
- Bundesdruckerei GmbH (Germany)
- United Security Printing Company (Thailand)
- Goznak (Russia)
- Iris Corporation Berhad (Malaysia)
- Drewsen Spezialpapiere GmbH & Co. KG (Germany)
- Veridos GmbH (Germany)
- Polska Wytwornia Papierow Wartosciowych 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)
Security Printing Market Recent Developments
- In October 2024, A brand new line of Polymer banknotes by De La Rue is being introduced that has come up with very sophisticated security features, such as advanced holographic features and multi-layer watermarks. This is an ambitious innovation to counteract the risks associated with counterfeiting and, at the same time, reduce the costs of replacement due to wear and tear. De La Rue’s commitment to sustainable and secure currency printing positions it as a market leader.
- In September 2024, Blockchain technology has been incorporated into the secure identity document printing process by Giesecke+Devrient. Such introduction has contributed to increased verification of the tracking features ensuring greater security from identity fraud as well as a bigger role of blockchain in setting new standards for security printings within the industry of security printing.
- In August 2024, integrating into the biometric passport modern features like fingerprint scanning and face book chips was what Crane Currency unveiled after giving a hint on its big plan for the present and projected future. This enhances travel documents, beefing up security and making them harder with respect to counterfeit things. To that end, investment in technological advancement adds much value to Crane Currency.
Security Printing Key Market Trends
- Adoption of Biometric Security Features: The integration of biometric security features in passports, ID cards, and other official documents is a key trend in the global security printing market. On the rise are fingerprints, facial recognition, and iris scanning, which all are common, and that fact increases the security of materials as well it lowers the risk of exposure to identity theft or fraud.
- Rise of Digital Printing for Customization: As digital printing allows you to combine the benefits of your technology, more frequently a security feature is provided with high variability. This technology enables on-demand printing with unique identifiers such as QR codes, serial numbers, and microtext, offering superior flexibility and enhanced security for a variety of documents, including certificates and banknotes.
Security Printing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growth of the global security printing industry is expected to continue with the increasing demand of secure documents and popularity of biometrics in the security printouts due to its effective and efficient application in the last two decades. Another inclination in the print market is the increase in demand for health secure documents based on the virus scare as technical developments in print continue to build momentum.
As a memorable image, it is not far from people's imagination. Tactile images are an integral part of the verification and identity theft security means, yet they are not easily appealed to one's emotional senses in cases of fast-tracking public services like airports and government offices. Tactile images serve as well for fast processing of details within public services.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 125.39 billion |
| Market size value in 2032 | USD 256.99 billion |
| Growth Rate | 8.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| 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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