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Security Printing Industry Overview
The global security printing market size is estimated to reach USD 4.04 billion by 2028, according to the new report by Grand View Research, Inc. The market is expected to witness a CAGR of 3.9% from 2021 to 2028. Security printing deals with the printing of items such as passports, banknotes, product authentication, stock certificates, tamper-evident labels, postage stamps, cheques, and identity cards.
Security Printing Market Segmentation
Grand View Research has segmented the global security printing market based on printing type, application, and, region:
Based on the Type Insights, the market is segmented into Screen Printing, Letterpress Printing, Digital Printing, Lithographic Printing, Intaglio Printing, Others.
- In 2020, the lithographic printing segment held the largest market share of more than 34% share in the global market and is expected to exhibit a CAGR of nearly 2.8% from 2021 to 2028.
- Lithographic printing is the most popular and used printing method in all spheres of printing production. The revolution that came with lithographic printing has brought a wide variety of possibilities.
- One of the advantages of lithographic printing over other forms of printing is high and consistent image quality. Moreover, current advanced in-line multi-press print systems combine flexographic printing, intaglio, rotary screen, holographic application, numbering, and imaging of variable data enabling a cost-effective and single-pass operation.
- Security lithography printing involves developing images by using a line structure formation and changing the colors along this line. Simulated 3D effects are attained with lithography which proves to be a crucial component in preventing an easy replication from a counterfeiter. Using lithography, it is easy to print an easily changing color along a single printed line.
Based on the Application Insights, the market is segmented into Cheques, Legal Government Documents, Certificates, Others.
- In 2020, the legal and government documents application segment held the largest market share of more than 34% share in the global market and is expected to exhibit a CAGR of nearly 4.2% from 2021 to 2028.
- The rising innovations in printing solutions, like the evolution of RFID marks and their increasing implementation across several end-use applications, such as the driving license, personal ID, passport, birth certificates issuing, and ticketing has contributed to the growth of the market.
- Counterfeiting practices are most prevalent in passports, banknotes, identity cards, postage stamps, contraband, and stock certificates. Security printing aids in the prevention of forgery and counterfeiting of the instruments mentioned above.
- The key end-market verticals using security printing include supply chain and Banking Financial Services and Insurance (BFSI). Legal authorities are responsible for issuing legal stamps, passports, unique personal IDs, driving licenses, and birth and death certificates.
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
Digital Textile Printing Market - The global digital textile printing market size was valued at USD 2.46 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2022 to 2030. The precision provided by digital textile printing is driving the demand. It requires advanced machinery and there is an acute shortage of skilled manpower to operate these machines.
3D Printing Market - The global 3D printing market size was valued at USD 13.84 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2022 to 2030. Globally, 2.2 million units of 3D printers were shipped in 2021 and the shipments are expected to reach 21.5 million units by 2030.
Security Printing Regional Outlook
- North America
- Europe
- Asia Pacific
- South America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
The application can be used on both iOS and Android smartphones and features quick and easy authentication of products in the field and offers retrieval of product origin, destination, movement, and other supply chain-related information. It can track functions with serialization and is capable of combining the aggregated product detail within an encrypted and secure database.
Some prominent players in the global security printing market include
- Agfa-Gevaert Group
- Amgraf, Inc.
- DSS
- Graphic Dimensions Inc.
- GRAPHIC SECURITY SYSTEMS CORPORATION (GSSC)
- Plus Technologies LLC
- Printegra, An Ennis Company
- The Flesh Company
- TROY Group, Inc.
- Wellspring Software, Inc.
- Ð rintech
Order a free sample PDF of the Security Printing Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
