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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338899
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338899
Security Inks Market Share, Size, Trends, Industry Analysis Report, By Product Type (Intaglio, Silkscreen, Letterpress, Offset, and Others); By Application; By Region; Segment Forecast, 2023 - 2032
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The global security inks market size is expected to reach USD 5.11 billion by 2032, according to a new study by Polaris Market Research. The report "Security Inks Market Share, Size, Trends, Industry Analysis Report, By Product Type (Intaglio, Silkscreen, Letterpress, Offset, and Others); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Security inks sector has recently marked an upsurge worldwide with several technologies. A large number of companies are leveraging the benefits of the market for monetization. For example, in September 2022, the AIPIA and UbiQD, expanded their partnership in the anti-counterfeit of the security inks based on the quantum dot technology. As a result, competitiveness among the market players is heightening the market's revenue. Similarly, in January 2023, Videojet Technologies introduced patent-pending continuous inkjet inks, V4264 & V464. These non-MEK black inks require less preparation than comparable inks based on MEK and offer greater adhesion to the food packaging.
With rising incidence of forgery and counterfeiting in the banking and finance industries, where there is a constant flow of private and secret information, the security ink market has experienced substantial growth. Also, the leading participants in the security ink market have a sizable window of opportunity due to rising money flow brought on by cultivating economic conditions, high disposable income, and rising consumer concern regarding the validity of legal documents. However, the high availability of diverse printing techniques suited to several applications is another prime driving factor for the market's growth.
Growing adoption of security ink across banknote applications is usefully augmenting the market's growth. To prevent counterfeiting, several types of security inks, such as magnetic ink, ultraviolet ink, and others, can be used in banknotes, each with its own unique features. For example, in March 2022, the governor of India inaugurated an ink manufacturing unit named Varnika, which can manufacture nearly 1,500 metric tons of specialized ink that improves the security features of banknotes. Not only private businesses but also the governments of various countries are contributing to enhancing the demand for security inks. This factor is flourishing market expansion globally and is poised to generate pockets of opportunity in the upcoming years.
Security Inks Market Report Highlights
Intaglio segment is expected to grow at fastest CAGR during the forecast period primarily due to high adoption in most security papers like visas, currencies, and other globally.
Security labels segment is dominating the global market in the fiscal year 2022. This is attributed to its noteworthy benefits such as advanced security, versatility, and high awareness
Asia Pacific is expected to held the largest share over the forecast period due to huge government support, growing need for security inks in the region, and rapidly expanding commercial sector
The global security inks market involves Chroma Inks, Chromatic Technologies, Ink Tec Inc., Gans Ink and Supply, Kao Collins Corporation, Microtrace, Naigai Ink Mfg., SICPA HOLDING, Sun Chemical, and Cronite Company
Polaris Market Research has segmented the Security Inks market report based on product type, application, and region:
Security Inks, Product Type Outlook (Revenue - USD Billion, 2019-2032)
- Intaglio
- Silkscreen
- Letterpress
- Offset
- Others
Security Inks, Application Outlook (Revenue - USD Billion, 2019-2032)
- Banknotes
- Official Identity Documents
- Tax Banderoles
- Security Labels
- Others
Security Inks, Regional Outlook (Revenue - USD Billion, 2019-2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3343
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Security Inks Market Insights
- 4.1. Security Inks Market - Industry Snapshot
- 4.2. Security Inks Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing use of security ink in packaging and labeling
- 4.2.1.2. Increasing concerns around product safety and security
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Growth in digitization
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Security Inks Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Security Inks Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Security Inks, by Product Type, 2019-2032 (USD Billion)
- 5.3. Intaglio
- 5.3.1. Global Security Inks Market, by Intaglio, by Region, 2019-2032 (USD Billion)
- 5.4. Silkscreen
- 5.4.1. Global Security Inks Market, by Silkscreen, by Region, 2019-2032 (USD Billion)
- 5.5. Letterpress
- 5.5.1. Global Security Inks Market, by Letterpress, by Region, 2019-2032 (USD Billion)
- 5.6. Offset
- 5.6.1. Global Security Inks Market, by Offset, by Region, 2019-2032 (USD Billion)
- 5.7. Others
- 5.7.1. Global Security Inks Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Security Inks Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Security Inks Market, by Application, 2019-2032 (USD Billion)
- 6.3. Banknotes
- 6.3.1. Global Security Inks Market, by Banknotes, by Region, 2019-2032 (USD Billion)
- 6.4. Official Identity Documents
- 6.4.1. Global Security Inks Market, by Official Identity Documents, by Region, 2019-2032 (USD Billion)
- 6.5. Tax Banderoles
- 6.5.1. Global Security Inks Market, by Tax Banderoles, by Region, 2019-2032 (USD Billion)
- 6.6. Security Labels
- 6.6.1. Global Security Inks Market, by Security Labels, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Security Inks Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Security Inks Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Security Inks Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Security Inks Market - North America
- 7.3.1. North America: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.3.2. North America: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.3.3. Security Inks Market - U.S.
- 7.3.3.1. U.S.: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.3.4. Security Inks Market - Canada
- 7.3.4.1. Canada: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.4. Security Inks Market - Europe
- 7.4.1. Europe: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.4.2. Europe: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.3. Security Inks Market - UK
- 7.4.3.1. UK: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.4. Security Inks Market - France
- 7.4.4.1. France: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.4.4.2. France: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.5. Security Inks Market - Germany
- 7.4.5.1. Germany: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.6. Security Inks Market - Italy
- 7.4.6.1. Italy: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.7. Security Inks Market - Spain
- 7.4.7.1. Spain: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.8. Security Inks Market - Netherlands
- 7.4.8.1. Netherlands: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.9. Security Inks Market - Russia
- 7.4.9.1. Russia: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.5. Security Inks Market - Asia Pacific
- 7.5.1. Asia Pacific: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.3. Security Inks Market - China
- 7.5.3.1. China: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.5.3.2. China: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.4. Security Inks Market - India
- 7.5.4.1. India: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.5.4.2. India: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.5. Security Inks Market - Malaysia
- 7.5.5.1. Malaysia: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.6. Security Inks Market - Japan
- 7.5.6.1. Japan: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.7. Security Inks Market - Indonesia
- 7.5.7.1. Indonesia: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.8. Security Inks Market - South Korea
- 7.5.8.1. South Korea: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.6. Security Inks Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.3. Security Inks Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.4. Security Inks Market - UAE
- 7.6.4.1. UAE: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.5. Security Inks Market - Israel
- 7.6.5.1. Israel: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.6. Security Inks Market - South Africa
- 7.6.6.1. South Africa: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.7. Security Inks Market - Latin America
- 7.7.1. Latin America: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.3. Security Inks Market - Mexico
- 7.7.3.1. Mexico: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.4. Security Inks Market - Brazil
- 7.7.4.1. Brazil: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.5. Security Inks Market - Argentina
- 7.7.5.1. Argentina: Security Inks Market, by Application, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Chroma Inks
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Chromatic Technologies
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Ink Tec Inc
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Gans Ink
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Kao Collins Corporation
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Microtrace
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Naigai Ink Mfg
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. SICPA HOLDING
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Sun Chemical
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Cronite Company
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM3343
List of Tables
- Table 1 Global Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 2 Global Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 3 Security Inks Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 5 North America: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 7 U.S.: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 8 Canada: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 9 Canada: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 10 Europe: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 11 Europe: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 12 UK: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 13 UK: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 14 France: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 15 France: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 16 Germany: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 17 Germany: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 18 Italy: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 19 Italy: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 20 Spain: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 21 Spain: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 23 Netherlands: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 24 Russia: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 25 Russia: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 28 China: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 29 China: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 30 India: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 31 India: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 33 Malaysia: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 34 Japan: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 35 Japan: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 37 Indonesia: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 39 South Korea: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 44 UAE: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 45 UAE: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 46 Israel: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 47 Israel: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 49 South Africa: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 51 Latin America: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 53 Mexico: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 55 Brazil: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Security Inks Market, by Application, 2019-2032 (USD Billion)
- Table 57 Argentina: Security Inks Market, by Product Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Security Inks Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Security Inks Market, by Application, 2022 & 2032 (USD Billion)
- Figure 8 Market by Product Type
- Figure 9 Global Security Inks Market, by Product Type, 2022 & 2032 (USD Billion)
- Figure 10 Security Inks Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Security Inks Market
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