Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global security printing market size will reach a value of USD 5.79 Billion by 2031, with a CAGR of 3.10% during the forecast period (2024-2031). The global security printing market growth is significantly supported by many developing and emerging economies' governments are also embracing and supporting these developments to reduce financial losses brought on by counterfeiting and tampering. The adoption of hybrid or security printing materials in the construction of currency is likely aimed at reducing incidences of currency counterfeiting, money laundering, and corruption, hence this market is growing. Global security printing industry is highly important in the production of such documents as banknotes, passports, checks, identity cards, and any other items that require a degree of authenticity from money stamps to printed corticates.
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Browse in-depth TOC on the " Security Printing Market"
Pages – 202
Tables – 68
Figures – 81
Security Printing Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 4.54 Billion |
| Estimated Value by 2031 | USD 5.79 Billion |
| Growth Rate | Poised to grow at a CAGR of 3.10% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Growth of secure payment methods |
| Key Market Opportunities | Rapid industrialization and increasing cases of counterfeiting |
| Key Market Drivers | Increasing need to combat counterfeiting and forgery |
Banknotes Type to Hold Significant Growth due to High Demands High-Security Features to Deter Counterfeiting
Banknotes dominate the global security printing market due to their essential role in financial transactions, which demands high-security features to deter counterfeiting. More sophisticated security measures such as holograms, watermarks, and micro printing techniques are improving the safety of banknotes in response to the growing threat of counterfeiting. The worldwide increase in cash transaction volume, particularly in developing regions, creates an additional need for effective anti-counterfeit currency printing techniques, which in turn supports the global security printing market analysis of this sector.
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Intaglio Printing to Lead Market due to Producing Intricate & High-Relief Designs
Intaglio printing dominates in the global security printing market due to its precision and durability, producing intricate, high relief designs resistant to counterfeiting. The high level of detail achievable in textures and three-dimensional surfaces makes it hard for the forgers to reproduce it, thus improving the authenticity of the documents. The dependability of this method in addressing the need for secure banknotes and legal documents increases its acceptability in the global security printing market outlook.
North America to Dominate Market due to High Investment in Secure Printing Technologies
North America's dominance in the global security printing market stems from its stringent anti-counterfeit regulations, high investment in secure printing technologies, and demand for secure documents across banking, government, and retail sectors. The sophistication of research and development and the uptake of innovative printing technologies such as micro-printing, holography amongst others, enhance the security landscape of the region, hence positioning North America at the forefront of solutions involving security printing. The global security printing market forecast indicates their continued leadership due to ongoing technological advancements.
Security Printing Market Insight
Drivers:
- Rising Instances of Counterfeiting in Currencies
- Many Governments Enforce Strict Guidelines to Prevent Forgery
- Expansion of Secure Payment
Restraints:
- High Cost of Security Printing Technologies
- Chemicals and Materials that Raise Environmental Concerns
- Transition to Digital and Electronic Documents
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Segments covered in Security Printing Market are as follows:
- Printing Type
- Screen Printing, Letterpress Printing, Digital Printing, Lithographic Printing, Intaglio Printing, Others
- Application
- Cheques, Bank Notes, Legal & Government Documents, Certificates, Personal ID, Others
Prominent Players in Security Printing Market
- De La Rue (United Kingdom)
- Giesecke+Devrient (Germany)
- Crane Currency (United States)
- Oberthur Fiduciaire (France)
- SICPA (Switzerland)
- Thales Group (France)
- Canadian Bank Note Company (Canada)
- Japan National Printing Bureau (Japan)
- Bundesdruckerei GmbH (Germany)
- Note Printing Australia (Australia)
Key Questions Answered in Global Security Printing Market Report
- What is the projected global security printing market size by 2031?
- Why are developing and emerging economies' governments supporting the growth of the security printing market?
- Which region is expected to dominate the security printing market?
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This report provides the following insights:
- Analysis of key drivers (Enhancing Currency Security, ensure product authenticity, tamper-proof passports & visas), restraints (Digital alternatives for anti-counterfeit measures, slower adoption in SMEs), opportunities (Increased government investment in infrastructure, rise in demand for secure banking cards).
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the security printing market.
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the security printing market.
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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