Global Security Inks Market

Security Inks Market Size, Share, Growth Analysis, By Type(Invisible, biometric and fluorescent), By Application(Banknotes, tax banderoles) - Industry Forecast 2024-2031

Report ID: SQMIG15A2167 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 63 | Figures: 75

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Security Inks Market size was valued at USD 3.17 billion in 2021 and is poised to grow from USD 3.3 billion in 2022 to USD 4.52 billion by 2030, growing at a CAGR of 4% during the forecast period (2023-2030)

The security ink market competitive landscape is highly fragmented and characterized by fierce competition among key players. Market players are focusing on research and development activities to develop new safety ink formulations that offer improved safety features. Also, strategy sajhedari, cooperation and acquisition of partners is expanded by companies to expand their market, to take aggressive competitive streets, and the complex technology and regulations are both complex and complex. 'Microtrace (US)', 'Kao Collins Corporation (US)', 'Chromatic Technologies Inc. (US)', 'SICPA HOLDING SA (Switzerland)', 'Sun Chemical (US)', 'The Cronite Company (US)', 'Naigai Ink Mfg. Co. Ltd (Japan)', 'Gleitsmann Security Inks (Germany)', 'Luminescence (UK)', 'Authentix Inc. (US)', 'Letong Ink Corporation (China)', 'Villiger Sicherheitsdruck (Switzerland)', 'Collins Inkjet Corporation (US)', 'Gleitsmann Security Inks GmbH (Germany)', 'CTI (US)', 'Shojudo Co., Ltd. (Japan)', 'Gleitsmann Security Inks (Germany)', 'Markem-Imaje (US)', 'E Printing & Packaging Co., Ltd. (China)', 'Harima Chemicals Group (Japan)'

One of the major drivers of the security ink market is the rise in counterfeiting activities. Counterfeiting poses significant financial and security risks, prompting governments, financial institutions and businesses to invest in stronger security measures such as security ink. The need for coins, documents and protecting expensive products from counterfeiters creates a demand for security ink.

Growing demand for eco-friendly and sustainable security ink solutions: As environmental consciousness and regulations regarding hazardous substances become more stringent, there is a rising emphasis on developing security inks that are free from harmful chemicals and have minimal ecological impact. Market players are increasingly focusing on developing sustainable formulations that meet both security requirements and environmental standards. This trend reflects the broader shift towards sustainability and the increasing importance of eco-friendly practices in various industries, including the security inks market.

North America dominated the security ink market, boasting a mature and well-organized industry. This ranking is due to strong regulations, increased counterfeiting awareness, & significant investment in security solutions. The industry has a strong presence of leading security ink manufacturers as well as financial institutions, government agencies and multinational companies, which have a high need for appropriately stringent security measures.

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