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Security Printing Market - Forecasts from 2020 to 2025

  • ID: 5009200
  • Report
  • March 2020
  • Region: Global
  • 120 pages
  • Knowledge Sourcing Intelligence LLP
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FEATURED COMPANIES

  • 3M
  • ABCorp
  • Cadena
  • Giesecke+Devrient
  • THOMAS GREG & SONS LTD.
  • MORE
The security printing market is projected to grow at a CAGR of 5.41% to reach a value of US$42.965 billion by 2025 from US$31.319 billion in 2019

The secure print is a term for printing tasks that meet a standard for privacy to prevent the unauthorized use of printed information. Security printing is one of the printing market segments that have gained a lot of attention in the past few years. Growing adoption of digitalization across various industries along with the advent of color laser printing that creates counterfeit documents has led to an increasing number of counterfeiting cases across the globe. Recently, in May 2019, Nepal has arrested Yunus Ansari, Kingpin of Fake Indian Currency Notes (FICN), from Kathmandu to counterfeit Indian notes of the denomination of 2000. Thus, the rising number of such cases has driven the security printing market. Countries around the world are spending billions of dollars annually to combat the crime of counterfeiting which is majorly driving the security printing market growth.

For instance, in October 2018, Veridos, an identity solution provider, announced the commencement of a major investment project in the Republic of Uganda to establish a local security printing factory in the country. The company entered into a 15-year-partnership with the government of Uganda to provide the country’s citizen with all relevant security documents. Therefore, rising measures by the government across the globe are set to accelerate the demand for security printing throughout the projection period. Geographically, Asia Pacific is expected to grow at a notable rate during the forecast period on account of growing investment in countries like China, Nepal, and India in order to combat counterfeiting.

Increasing investment in security printing is driving the market during the forecast period

Security has now become one of the hottest issues due to the modernization of the various processes in industries like BFSI, travel, and, packaging, and government. Security printing has become one of the fastest-growing and most important technologies in the print industry. Advancement in the technology and ever-rising challenges of the digital age are leading to the growing number of counterfeiting and forgery cases in areas such as banknotes, personal ID, passport and etc. This is one of the major factors that are boosting the demand for security printing across industries.

Currently, the burgeoning need to secure currency and other official documents counterfeiting is the major factor that is driving the demand for security printing in regions, particularly the Asia Pacific. As a result, countries like Nepal are working towards setting up security printing factories to provide security of documents for its citizens. In March 2019, the Government of Nepal and France have signed two separate memorandums of understanding to set up state-of-the-art security printing facilities in Nepal. The facility will help Nepal print its own passports, currency notes, and all kinds of government material that the nation requires. Also, back in November 2018, The European Investment Bank (EIB) signed a loan agreement with Veridos Matsoukis S.A. security printing to support in a new passport and ID card production in Greece. Thus, these investments are set to play a crucial role in the security printing market growth.

Security printing Market by Application

By application, the security printing market is segmented as financials, tickets, personal ID, brand protection, and others. Financials and personal ID segments are expected to hold significant market share owing to increasing counterfeiting activities. In addition, due to increasing investment in transport infrastructure and growing adoption of the latest technologies like smart cards in events and concerts the market for tickets is anticipated to witness substantial growth in the coming years. Furthermore, the brand protection segment is expected to grow at a significant rate on account of the rising number of cases of brand copy and product pirate. Print management is considered an important business function for banks around the globe and with the rising demand for secure print flow to avoid counterfeiting activities there is an increasing demand for security printing technologies. Rising instances of counterfeiting activities (particularly in banknotes) and forgery is expected to drive the market for security printing during the forecast period. For instance, recently police have prevented a forgery racket from dumping nearly 1.8 million EUR of bogus banknotes after raids in the western port of central Athens.

In addition, increasing use of hybrid printing papers and technologies in the production of new currency to safeguard the country from money laundering, corruption and even counterfeit is anticipated to boost the adoption of security printing in the coming years. In fact, this year new €100 and €200 notes were released into circulation by Europe Central Bank (ECB), which have a better bold design with satellite hologram and are printed in more contrasting shades. Furthermore, the Government of India also launched new currency notes after demonetization and the volume of notes in circulation has also increased from 90,266 million in 2016 to 102,395 million in 2018. Besides, the market is also witnessing partnership and collaboration between the printing companies and technology solutions providers to make a better and secured financial institution which is further expected to propel the market growth opportunities during the forecast period. For instance, recently biometric technology company Zwipe and Thomas Greg & Sons do Brasil (TGS) have agreed to co-develop and launch biometric payment cards which are expected to be used by multiple banks in Brazil.

Asia Pacific is growing at a significant rate in the coming years

By geography, the security printing market is segmented as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. North America is estimated to hold a significant share in the market as the investment to combat counterfeited currency and document has been increasing. Simultaneously, the steady increase in the number of immigrants in the United States and Europe have also positively impacted the market, more specifically for the printing of financial instruments and personal ID. Simultaneously, in Asia Pacific, the government of China has been investing heavily in modernizing its infrastructure over the past couple of years. In fact, it is understood that presently China has the highest number of smart city projects.

According to Wei Baisong, the chief technical officer and chief product officer at Ping An Capital, the venture arm of one of the largest insurance companies in the country stated recently that China has plans for 500 smart cities project as compared to 80 in Europe and 40 in the United States. Simultaneously, security measures are expected to improve with greater investment in digital technology, thus, requiring an individual to have admission cards in order to access the premises of a particular building. Moreover, bank card circulations in the country have been increasing as a result of the growing trend of cashless/digital payments. In fact, there were 7.597 billion active bank cards in China at the end of 2018, showing a year-on-year rise of 13.51% with the number of debit cards increasing to 6.911 billion while credit cards and combined credit and debit cards increasing by 16.73% (source: 2018 Pay¬ments Sys¬tem Op¬er¬a¬tion Over¬all Sit¬uation Re¬port, People’s Bank of China). The growth in the number of digital payment instruments is also driving the growth of the market in the county.

Segmentation:

By Printing Process
  • Lithographic Printing
  • Screen Printing
  • Digital Printing
  • Letterpress Printing
  • Intaglio Printing
  • Others
By Application
  • Financials
  • Tickets
  • Personal ID
  • Brand Protection
  • Others
By Geography

North America
  • USA
  • Canada
  • Mexico
South America
  • Brazil
  • Argentina
  • Others
Europe
  • UK
  • Germany
  • France
  • Spain
  • Others
Middle East and Africa
  • Saudi Arabia
  • UAE
  • Others
Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Others
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • ABCorp
  • Cadena
  • Giesecke+Devrient
  • THOMAS GREG & SONS LTD.
  • MORE
1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Security Printing Market Analysis, By Printing Process
5.1. Introduction
5.2. Lithographic Printing
5.3. Screen Printing
5.4. Digital Printing
5.5. Letterpress Printing
5.6. Intaglio Printing
5.7. Others

6. Security Printing Market Analysis, By Application
6.1. Introduction
6.2. Financials
6.3. Tickets
6.4. Personal ID
6.5. Brand Protection
6.6. Others

7. Security Printing Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.2.1. North America Security Printing Market, By Printing Process, 2019 to 2025
7.2.2. North America Security Printing Market, By Application, 2019 To 2025
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. South America Security Printing Market, By Printing Process, 2019 To 2025
7.3.2. South America Security Printing Market, By Application, 2019 To 2025
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Security Printing Market, By Printing Process, 2019 to 2025
7.4.2. Europe Security Printing Market, By Application, 2019 To 2025
7.4.3. By Country
7.4.3.1. UK
7.4.3.2. Germany
7.4.3.3. France
7.4.3.4. Spain
7.4.3.5. Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Security Printing Market, By Printing Process, 2019 to 2025
7.5.2. Middle East and Africa Security Printing Market, By Application, 2019 To 2025
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. UAE
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Security Printing Market, By Printing Process, 2019 to 2025
7.6.2. Asia Pacific Security Printing Market, By Application, 2019 To 2025
7.6.3. By Country
7.6.3.1. Japan
7.6.3.2. China
7.6.3.3. India
7.6.3.4. South Korea
7.6.3.5. Others

8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles
9.1. 3M
9.2. Giesecke+Devrient
9.3. THOMAS GREG & SONS LTD.
9.4. Cadena
9.5. De La Rue Supply Chain Bolton
9.6. ABCorp
9.7. Gemalto (A Part of Thales Group)
Note: Product cover images may vary from those shown
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  • 3M
  • Giesecke+Devrient
  • THOMAS GREG & SONS LTD.
  • Cadena
  • De La Rue Supply Chain Bolton
  • ABCorp
  • Gemalto (A Part of Thales Group)
Note: Product cover images may vary from those shown
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