PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1240610
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1240610
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The security inks market is projected to grow from USD 3.2 billion in 2022 to USD 3.9 billion by 2027, at a CAGR of 4.1% between 2022 and 2027. The security inks market is witnessing growth due to the high circulation of currency and the need for anti-counterfeit technologies. There has been an increase in the circulation of fake notes, visas, and passports in recent years.
" Offset is estimated to be the largest printing method segment of the security inks market."
The offset printing method segment, also called as offset lithographic printing is estimated to have the largest share of security inks market, and is expected to expand its market share during the forecast period, in terms of value. Offset printing is the most popular and widely used printing method with high and consistent image quality. Offset printing finds its applications in government document printing, cheques, brand protection, asset management, and generation of tickets and event pass.
"Asia Pacific is the forecasted to be the fastest-growing security inks market during the forecast period."
Asia Pacific region is estimated to witness remarkable growth due to the extensive implementation of advanced security printing technology in countries such as China, India, and Japan. Also, governments of Asia Pacific countries are taking measures to prevent misuse of fake currency, terror funding, and counterfeit passports. The demand is attributed to the rise in business, import-export, and new industry setups. Security labels is the fastest-growing end-use application in the security inks market.
The key companies profiled in this report are SICPA Holding SA (Switzerland), DIC Corporation (Sun Chemical) (Japan), Kao Collins Corporation (US), Chromatic Technologies Inc. (US), and Ink Tec Inc. (US).
The security inks market has been segmented based on by Type (Invisible, Biometric, Fluorescent, Thermochromic, Optically Variable, Magnetic, Reactive, Erasable, Infrared, and Others), by Printing Method (Offset, Intaglio, Flexographic, Silk Screen, Letterpress, and Others), by Application (Banknotes, Tax Banderoles, Security Labels, Official Identity Documents, and Others), and By Region (Asia Pacific, North America, Europe, South America, and Middle East & Africa).
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From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *