Security printing is used in the production of authentication-required items such as stock certificates, passports, banknotes, postage stamps, identity cards, micro-printing, and product authentication. Intaglio printing, holograms, special paper, watermarks, copying marks, security threads, serial numbers, and anti-magnetic inks are all examples of security printing. Security printing is used to keep illegal activities like forgery, tempering at bay. The increasing need for implementing security measures in legal documentation for multiple end user industries will help boost the demand for security printing, thereby promoting the sales growth of the global security printing market in the forecast period, set between 2021 and 2031.
The Security Printing market is categorized in terms of printing type, application, and region. In terms of printing type, the market is grouped into intaglio printing, lithographic printing, digital printing, letterpress printing, screen printing, and others. Based on application, the market is grouped into certificates, legal & government documents, certificates, and others.
The report on Security Printing market offers a 360-degree of the market and its drivers, restraints, challenges, and future growth opportunities. List of the players operating in this market and their efforts in the form of innovations and new product launches is also discussed in details. The impact of the novel COVID19 pandemic is also discussed in the report. It also throws light on the innovations that helped the market grow in terms of revenue generation. For more information on this report, log on to the company website.
The nature of competition for the global market is significantly competitive on account of the presence of a notable number of players. Leading players of the security printing market are using multiple strategies such as introducing innovative products to attract more revenues to the market. Other players are engaging in joint ventures and collaborative efforts to create revenue generation opportunities for the Security Printing market in the coming years.
Some of the key players of the global Security Printing market include:
The rise in cases of counterfeiting and forgery practices all across most businesses is projected to serve as the key driver of the global security printing market. Additionally, the success rate of security printing is further propelling more industries to adopt security printing. These include banking and financial services and insurance, legal authorities, and supply chain industry and they use security printing for multiple purposes such as birth and death certificates, legal stamps, driving license, personal unique ID, passport, and others. The rising rate of counterfeiting and deception has propelled the demand for security printing, thereby promoting the growth of the security printing market during the forecast period.
Geographically, this market is widespread into the regions of Latin America, Europe, North America, and the Middle East and Africa. These regions are further categorized as per the nations bringing business. North America emerged as the largest revenue generator for the Security Printing market on account of the rising adoption of lithographic printing in the region. Countries such as the U.S., Mexico, and Canada are the major contributors of this regional market. Europe ranks second and will continue to serve as a strong competitor to other regions in the forecast period. This is owing to the adoption of better printing for biometric identifier, photo integration, barcode, and others.
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Security Printing Market
