Albany, NY -- (SBWIRE) -- 12/07/2018 -- Security printing includes printing of banknotes, product authentication, postage stamps, identity cards, stock certificates and passports. Companies, government organizations and institutes protect their valuable documents such as coupons, prescription pads and transcripts with by incorporating few features of the security printing in order to reduce the cost. Security printing is done to avoid tempering, counterfeiting and forgery. Security printing includes special paper, watermarks, intaglio printing, micro-printing, holograms, security threads, magnetic inks, anti-copying marks and serial numbers. Based on end-use applications, security printing market can be segmented as financial, tickets, brand protection, personal ID and others. Substrates, coatings and inks are expected to be largest product segment in the global security printing market and this trend is expected to remain same in the next few years.
Imposing stringent regulations and standards across the world is expected to be a driving factor for security printing market. Security printing and law enforcement can help in preventing counterfeiters and detect forgeries which would eventually reduce frauds. Furthermore, need of brand protection is anticipated to boost the market growth. Brand names are major target for the product pirates. These product pirates copy brand name and status which would cost companies huge losses and reputation dilution. Additionally, rising counterfeiting is anticipated to boost the market growth for security printing.
PDF Brochure For Future Advancements:
Counterfeiting is increasing at an alarming rate that include petty criminals, invading supply chains with altered packaging and good, illegal copy of tax stamps and producing fake documents and bank notes. This is affecting the society in all the regions globally and the issue of counterfeiting needs to address. Furthermore, increasing awareness about all the frauds in consumer groups is anticipated to drive the demand for security printing.
Consumer groups demand to track and trace the products they procure in order to reduce the losses they face. Consumer behavior is changing due to fusion of end-user markets and industries which allow them to access for all the products in market with one go.
Download and View Report TOC, Figures and Tables:
However, growing digitization and convergence are expected to hamper the market growth. Thus innovations to develop new products with high security are expected to provide immense opportunities for the players in the market.