Security Printing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Albany, NY -- (SBWire) -- 04/08/2016 --The global market for security printing, serving the society through innumerous highly advanced techniques of incorporating security features in a number of important documents, is swiftly rising. Looking at the rising instances of counterfeiting and forgery of bank notes, IDs, tax stamps, checks, stock certificates, and a variety of other valuable products in the supply chain, it's no wonder that there is a rising demand for new, enhanced security features for protecting these high-value documents.

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Research reports show that there are numerous ways of replicating most features of printed documents by modern forgery and counterfeiting methods. With the use of the internet, criminals have also been able to lay their hands on critical information about procedures and methods for forging documents such as stamp papers and bank notes. In response to the worsening situation, the global market for security printing is observing rapid growth.

Counterfeiting of objects and critical documents has serious consequences for governments and other issuing authorities. Forgers and criminals continue their attempts, and even succeed many times, at surpassing security measures and invading markets with fake products. With the incorporation of the latest technologies, the global market for security printing helps in stopping these activities and deterring the entry of fake and counterfeit objects in critical places such as government offices, financial and educational institutions, and company offices.

Global Market for Security Printing: a Broad Segmentation

The global security printing market earns a major chunk of its revenue from end-use segments such as finance bodies, government agencies, companies with renowned brands, transport agencies (for tickets), passport and other ID issuing authorities, and educational institutions. Commonly used printing applications include micro-printing, holograms, intaglio printing, anti-copying marks, magnetic inks, security threads, special papers, serial numbers, and watermarks. Inks, coatings, and substrates are the largest product segments of the market.

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Asia Pacific to Continue to Lead Global Security Printing Market

Asia Pacific, home to more than 60% of the world's population, currently represents more than 50% of the global market for security printing. Demand for technologically advanced security printing technologies is expected to undergo a continuous rise in the Asia pacific market in the near future, too. Europe, the Americas, and Australia, being some of the most industrialized regions of the globe, were hit the most by the global recession of 2008-2009. Now that the situation is increasingly becoming stable, the global security printing market is expected to rebound and grow at a swift pace in these regions. Growth prospects are particularly positive in the North America regional market owing to rising awareness about document safety.

Reducing Cash Transactions and Rising Digitization across the Globe to Restrain Market

The global market for security printing will observe a slowdown in the finance end user segment. The commonplace use of credit and debit cards for most financial transactions these days has led to an overall reduction in the use of cash worldwide. However, the market still has huge growth potential in the area of passports and other IDs. Growth is also anticipated in the field of brand protection owing to the recent development in ISO standards for added security features in brand logos.

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