Westford, USA, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The global Security Printing Market size is expected to reach USD 5.46 billion by 2030 and exhibit a CAGR of 3.10% in the forecast period (2023−2030), according to Skyquest's latest research report. The increasing concerns about counterfeiting and fraud across various industries, the need for secure identification documents and currency to combat illegal activities, advancements in printing technologies enabling more sophisticated security features, stringent government regulations and standards for secure printing, growing e-commerce and online transactions driving the demand for secure packaging and labels, and the expansion of global supply chains necessitating secure documentation and product labeling is fueling the market's growth.
According to SkyQuest's latest global research of the Security Printing market, the adoption of blockchain technology for document authentication and traceability, the integration of covert security features such as color-shifting inks and micro text, the use of digital watermarking techniques to enhance document security, the growth of secure QR codes for product authentication and traceability, a shift towards eco-friendly and sustainable security printing materials, the expansion of track-and-trace solutions to combat counterfeiting, and the increasing demand for secure printed packaging in the pharmaceutical and consumer goods industries are the trends that aid in the market's growth.
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Browse in-depth TOC on "Security Printing Market"
- Pages - 157
- Tables - 67
- Figures -75
Security printing is the process of using specialized printing techniques and materials to create documents and other products that are difficult to counterfeit or alter. Security printing protects a wide range of items, including currency, banknotes, passports, government and corporate identity documents, cheques, financial documents, product packaging, labels, security tickets, event passes, and holograms.
Prominent Players in Security Printing Market
- De La Rue
- Giesecke+Devrient
- Oberthur Technologies
- Crane Currency
- Innovia Security
- Paragon ID
- Hologram Industries
- Avery Dennison
- CCL Industries
- Brady Corporation
- 3M
- HID Global
- Entrust
- NXP Semiconductors
- Intel Security
- Gemalto
- Thales
- Morpho (Safran)
- Assa Abloy
- Gunnebo
- dormakaba
- Allegion
- Kaba Group
Report Scope & Segmentation:
| Attributes | Details |
| Forecast Period | 2023-2030 |
| Market Size in 2022 | 4.4 Billion |
| 2030 Value Projection | 5.46 Billion |
| CAGR | 3.10% |
| 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) |
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Currency Demand to Grow Substantially in the Forecast Period
Currency dominates the global online market as governments have a vested interest in ensuring the security of their national currencies. They often invest in advanced security printing technologies to deter counterfeiting and protect the integrity of their currency notes and coins.
Governments are the Leading Application Segment
Governments are the leading segment in terms of application due to their professional expertise. Governments are responsible for issuing and regulating their national currency. Printing secure currency notes and coins is critical, as counterfeiting can have severe economic and security implications. Central banks and government agencies invest heavily in security printing technologies to protect their currency.
North America is the leading Market Due to Technological Advancements
Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. The region has a high demand for secure currency printing and the presence of major currency printing facilities, strict regulations and compliance standards for secure printing, especially in the banking and government sectors, and a well-established and technologically advanced printing industry capable of producing sophisticated security features.
A recent report thoroughly analyzes the major players operating within the Security Printing market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavours to develop innovative solutions that cater to the ever-increasing demand for Security Printing.
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Key Developments in Security Printing Market
- In February 2023, Nova Metrix LLC acquired Vallen Systeme, a German manufacturer of monitoring systems. This acquisition added Vallen Systeme's expertise in acoustic emission and Security Printing technologies to Nova Metrix's product offerings.
- In March 2023, Hottinger Baldwin Messtechnik GmbH acquired Digitexx Data Systems, Inc., a leading provider of data acquisition and processing systems for SHM applications. This acquisition strengthened Hottinger Baldwin Messtechnik GmbH's position in the SHM market and expanded its portfolio of data acquisition and processing solutions.
Key Questions Answered in Security Printing Market Report
- What specific growth drivers will impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?
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