Outlook on the Security Printing Global Market to 2028 - by Printing Type, Application and Region

DUBLIN, Nov. 9, 2021 /PRNewswire/ -- The "Security Printing Market Size, Share & Trends Analysis Report By Printing Type (Screen Printing, Letterpress Printing, Digital Printing, Lithographic Printing, Intaglio Printing), By Application, By Region, And Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.

The global security printing market size is estimated to reach USD 4.04 billion by 2028, according to the new report by the publisher The market is expected to witness a CAGR of 3.9% from 2021 to 2028. Security printing deals with the printing of items such as passports, banknotes, product authentication, stock certificates, tamper-evident labels, postage stamps, cheques, and identity cards.

Security printing is widely used to prevent tampering, forgery, and counterfeiting. Different types of security printing techniques are used for different applications. The market is estimated to witness growth over the forecast period owing to rising incidences of counterfeiting and forgery practices. Counterfeiting practices are mainly rampant in banknotes, postage stamps, passports, stock certificates, identity cards, and product authentication. Security printing helps in the prevention of forgery and tampering of the aforementioned instruments.

The key end market verticals in security printing include Financial Services, Banking, Insurance, personal ID industry, ticketing industry driving license industry, passport industry, and birth certificate issuing. Several methods used in security printing involve holograms, Ultra Violet (UV) printing intaglio printing, micro printing, geometric lathe work, magnetic inks, anti-copying marks, guilloches, color-shifting ink, and rainbow printing.

Security printing can help prevent counterfeiters and reduce fraudulent instances. For instance, in the case of currencies and bank checks, micro printing plays an important role to avoid counterfeiting practices. Additionally, serial numbers enable easier identification of legitimate documents for auditing and tracking. The serial numbers are also used in detecting counterfeits by tracking a check digit. Magnetic ink character recognition technology considerably helps in the reduction of errors in the computerized or automated reading of documents and currencies.

The increasing need for brand protection is expected to support market growth. This can be attributed to the companies indulging in huge losses and reputation dilution due to the copying of the brand names by the product pirates. Increased emphasis on brand protection is expected to be conducive for market growth. Recently many of the techniques used to protect high-value documents have become available to commercial printers, with the use of traditional offset, digital platforms, presses, or flexographic.

Security paper and polymer materials are often used as substrates to perform security printing. Several methods used in security printing include magnetic inks, intaglio printing, holograms, micro printing, anti-copying marks, geometric lathe work, guilloches, rainbow printing, fine-line printing prismatic coloration, color-shifting ink, and Ultra Violet (UV) printing.

The market finds major applications in the banking and tourism sectors. The tourism sectors were drastically impacted by the Covid-19 pandemic. Restrictions on domestic and international travel have considerably affected the tourism sector. The shut-down of manufacturing units caused a delay in the production of security printer parts and accessories, leading to a decline in the sales of security printers.

Security Printing Market Report Highlights

• Increasing awareness of various fraudulent activities among customers is expected to create new opportunities for the market growth
• The critical factors driving the market growth are increasing technological advancements and the adoption of currency printing for better regulation and governance
• Companies are heavily investing in the research and development of efficient technological solutions to secure financial documents and currency
• The lithographic printing segment dominated the market in 2020 and is expected to expand its market share to more than 30% by 2028
• The legal and government documents application segment held the largest market share in 2020 owing to increasing printing, reprinting, and circulation of banknotes and the growing tourism industry resulting in the rising implementation of security printing
• North America is expected to witness considerable growth over the forecast period on account of the growing awareness about document security and high instances of forgery and counterfeiting
• The prominent players in the industry include Agfa-Gevaert Group; DSS; Printegra, An Ennis Company; TROY Group, Inc.; and Wellspring Software, Inc. Key players are focusing on research and development, which, in turn, would help increase their market presence

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Industry Outlook
3.1 Market Segmentation & Scope
3.2 Security Printing Market Size and Growth Prospects
3.3 Security Printing-Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Rising cases of forgery and counterfeiting practices
3.4.1.2 Surge in the usage of security printing in banking and finance
3.4.1.3 Rising advancements in printing solutions, including the emergence of RFID marks
3.4.2 Market restraint analysis
3.4.2.1 Digitization of identification cards and transition toward a cashless economy
3.4.3 Market opportunity analysis
3.4.3.1 Increasing collaboration and partnership between technological solution providers and investments in R&D to provide better security
3.5 Key Opportunities - Prioritized
3.6 Security Printing-Key Company Analysis, 2020
3.6.1 Key Company Analysis
3.6.2 New Entrants-Key Company Analysis
3.7 Industry Analysis - Porter's
3.7.1 Supplier Power
3.7.2 Buyer Power
3.7.3 Substitution Threat
3.7.4 Threat from New Entrant
3.7.5 Competitive Rivalry
3.8 Security Printing-PESTEL Analysis
3.8.1 Political Landscape
3.8.2 Environmental Landscape
3.8.3 Social Landscape
3.8.4 Technology Landscape
3.8.5 Legal Landscape

Chapter 4 Security Printing Market: Printing Type Estimates & Trend Analysis
4.1 Security Printing Market: Printing Type Analysis
4.1.1 Screen Printing
4.1.2 Letterpress Printing
4.1.3 Digital Printing
4.1.4 Lithographic Printing
4.1.5 Intaglio Printing
4.1.6 Others

Chapter 5 Security Printing Market: Application Estimates & Trend Analysis
5.1 Security Printing Market: Application Analysis
5.1.1 Cheques
5.1.2 Legal & Government Documents
5.1.3 Certificates
5.1.4 Others

Chapter 6 Security Printing Market: Regional Estimates & Trend Analysis
6.1 Security Printing Market Share by Region, 2020 & 2028
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.2.3 Mexico
6.3 Europe
6.3.1 U.K.
6.3.2 Germany
6.3.3 France
6.4 Asia Pacific (APAC)
6.4.1 China
6.4.2 Japan
6.4.3 India
6.5 South America
6.5.1 Brazil
6.6 MEA

Chapter 7 Competitive Landscape
7.1 Agfa-Gevaert Group
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Recent Developments
7.2 Amgraf, Inc.
7.2.1 Company Overview
7.2.2 Product Benchmarking
7.2.3 Recent Developments
7.3 DSS
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Recent Developments
7.4 Graphic Dimensions Inc
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Recent Developments
7.5 GRAPHIC SECURITY SYSTEMS CORPORATION (GSSC)
7.5.1 Company Overview
7.5.2 Financial Overview
7.5.3 Product Benchmarking
7.5.4 Recent Developments
7.6 Plus Technologies LLC
7.6.1 Company overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Recent Developments
7.7 Printegra, An Ennis Company
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Recent Developments
7.8 TROY Group, Inc.
7.8.1 Company Overview
7.8.2 Financial Overview
7.8.3 Product Benchmarking
7.8.4 Recent Developments
7.9 Wellspring Software, Inc.
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.9.4 Recent Developments
7.10 Printech
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Recent Developments

For more information about this report visit https://www.researchandmarkets.com/r/yux1ye

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