USD 3.17 billion
Security Inks Market Size, Share, Growth Analysis, By Type(Invisible, biometric and fluorescent), By Application(Banknotes, tax banderoles, security labels, officially identity documents and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2167 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
63
|Figures:
75
Security Inks Market Insights
Global Security Inks Market size was valued at USD 3.17 billion in 2021 and is poised to grow from USD 3.3 billion in 2022 to USD 4.52 billion by 2030, growing at a CAGR of 4% during the forecast period (2023-2030)
Global Security Ink Market is a rapidly growing industry that plays an important role in ensuring the authenticity and protection of various products and documents across the globe. Security ink is a special ink that incorporates various security features to prevent counterfeiting, tampering and counterfeiting. These inks are widely used on bank notes, passports, certificates, stamps and other high-value documents. The market is driven by increasing fraudulent transactions in various sectors such as banking, government, consumer goods etc. Governments and financial institutions are investing heavily in security measures to protect their sensitive funds and documents, and increasing the demand for protective ink.
Technological advances have created new safety inks which offer advanced features such as color change properties, invisible inks, luminescent properties, micro taggants, which further enhance their performance The market is witnessing a major shift towards safety eco-friendly inks free of hazardous substances -Adoption has increased the need for secure packaging labeling, increasing the demand for safety inks in the packaging industry. There are a variety of security inks in this market, each offering unique benefits. For example, a visible fluorescent ink can be added to a conventional ink and exhibits a luminescent effect when exposed to UV radiation. This property is an important distinguishing factor between authentic and counterfeit documents. Similarly, each security ink has a unique characteristic that identifies tampered documents and thus allows police to identify them.
The Asia-Pacific region is expected to dominate the market due to the presence of major economies like China and India, coupled with a growing emphasis on anti-counterfeiting measures. Overall, the global market is poised for substantial growth in the coming years as the need for enhanced security and authentication continues to rise across various industries.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Invisible
Fastest Growth
Biometric
Growth Rate
4% CAGR
Global Security Inks Market ($ Bn)
Country Share for North America Region (%)
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Security Inks Market Segmental Analysis
Global Security Inks Market is segmented by type, application, and region. Based on type, the market can be segmented into Invisible, biometric and fluorescent. Based on application, the market is segmented into Banknotes, tax banderoles, security labels, officially identity documents and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The dominating segment within the Global Security Inks Market is invisible security inks. These inks offer a formidable level of covert protection due to their invisible nature under standard conditions, remaining imperceptible to the naked eye. They contain specialized chemical compounds that only become visible under specific lighting or detection methods, rendering them exceptionally challenging to replicate or tamper with. Invisible security inks find extensive application in the printing of currencies, safeguarding confidential documents, and protecting high-value products, establishing their dominance in the market.
The fastest growing segment in the global security ink market is biometric security ink.These inks use advanced technology that incorporates unique physical and biological features of individuals such as fingerprints, iris patterns, or DNA markers into their formulations role. This integration provides additional authenticity and integrity, making biometric security inks more effective in preventing counterfeiting and fraud Given the increasing emphasis on strengthening security systems and preventing identity theft , the demand for biometric security ink is increasing sharply in areas where government, banking and personal identity documents Achieve increased security, and this factor driving the rapid expansion of the market in the near future is expected to stimulate.
Analysis by Application
Banks are the dominant segment in the global security ink market. A bank is a widely accepted medium for financial transactions, making it a prime target for fraudulent activities. Security ink plays an important role in protecting the authenticity and integrity of bank documents by adding a variety of anti-counterfeit features, including color change, microprinting, & security fibers. Governments and major banks around the world are increasingly adopting advanced security ink technology to improve the security of their currencies. This effort towards enhanced security measures highlights the dominance of the labeling segment within the market.
The fastest growing segment of the global security ink market is official identification documents. Government identification documents include important items such as passports, identity cards, driver’s licenses, and various government-issued ID cards. Many concerns related to identity theft, illegal immigration, and anti-terrorism efforts Strict regulation of these government ID cards, security requirements and security ink flow the top comes with important features, including UV detection, holograms, & integration with biometric elements Increasing emphasis on secure identification systems, especially in emerging markets is driving demand for security ink in this application segment, marking it as the fastest growing segment in the market.
Global Security Inks Market By Type
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Security Inks Market Regional Insights
North America dominated the global security ink market, boasting a mature and well-organized industry. This ranking is due to strong regulations, increased counterfeiting awareness, & significant investment in security solutions. The industry has a strong presence of leading security ink manufacturers as well as financial institutions, government agencies and multinational companies, which have a high need for appropriately stringent security measures.
The fastest growing segment in the global security ink market is Asia Pacific. The region now sees an increased focus on economic development, technological development and combating counterfeiting practices. Increasing fake news and increasing need for secure packaging and labeling in countries like China, India, Japan, South Korea are driving the demand for secure inks Also, growing e-commerce industry in the region & huge population base safety inks in various industries -help rescue children you spread |. With governments and law enforcement agencies in Asia Pacific taking proactive measures to combat counterfeiting, the region is poised to witness significant growth in the security ink market in the near future.
Global Security Inks Market By Region
- Largest
- Fastest
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Security Inks Market Dynamics
Drivers
Increasing instances of counterfeiting activities
- One of the major drivers of the global security ink market is the rise in counterfeiting activities. Counterfeiting poses significant financial and security risks, prompting governments, financial institutions and businesses to invest in stronger security measures such as security ink. The need for coins, documents and protecting expensive products from counterfeiters creates a demand for security ink.
Restraints
High cost associated with implementing safety ink solutions
- The main mandate in the market is the high cost associated with the implementation of safety ink solutions. Developing and inking advanced safety features can be important, especially for small businesses and developing countries. Cost can be a barrier for some companies to adopt protective ink, restricting their market growth and hampering the growth of the overall market to some extent.
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Security Inks Market Competitive Landscape
The global security ink market competitive landscape is highly fragmented and characterized by fierce competition among key players. Market players are focusing on research and development activities to develop new safety ink formulations that offer improved safety features. Also, strategy sajhedari, cooperation and acquisition of partners is expanded by companies to expand their market, to take aggressive competitive streets, and the complex technology and regulations are both complex and complex.
Top Player’s Company Profiles
- Microtrace (US)
- Chromatic Technologies Inc. (US)
- SICPA HOLDING SA (Switzerland)
- Sun Chemical (US)
- The Cronite Company (US)
- Naigai Ink Mfg. Co. Ltd (Japan)
- Gleitsmann Security Inks (Germany)
- Luminescence (UK)
- Authentix Inc. (US)
- Letong Ink Corporation (China)
- Villiger Sicherheitsdruck (Switzerland)
- Collins Inkjet Corporation (US)
- Gleitsmann Security Inks GmbH (Germany)
- CTI (US)
- Shojudo Co., Ltd. (Japan)
- Gleitsmann Security Inks (Germany)
- Markem-Imaje (US)
- E Printing & Packaging Co., Ltd. (China)
- Harima Chemicals Group (Japan)
Recent Developments
-
In December 2022, Fujifilm forged an asset purchase agreement with Inspirata, Inc. to secure the acquisition of Inspirata's Digital Pathology Business.
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In July 2022, DIC Corporation successfully completed the acquisition of the Coating and Resin business of Guangdong TOD New Materials Co., Ltd. This strategic move is aim at expanding DIC's capacity for coating resins in the Asian market, with a particular focus on China, which stands as the largest global market for coating resins.
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In June 2022, SICPA Morocco celebrated the inauguration of its newly established regional coding center, situated in the industrial zone of Sidi Bernoussi in Casablanca. This facility is dedicated to the production of highly secure tax stamps, underscoring SICPA's commitment to deliver advanced solutions for tax stamp security while strengthening its presence in response to the growing demand for enhanced security measures in this industry.
Security Inks Key Market Trends
- Growing demand for eco-friendly and sustainable security ink solutions: As environmental consciousness and regulations regarding hazardous substances become more stringent, there is a rising emphasis on developing security inks that are free from harmful chemicals and have minimal ecological impact. Market players are increasingly focusing on developing sustainable formulations that meet both security requirements and environmental standards. This trend reflects the broader global shift towards sustainability and the increasing importance of eco-friendly practices in various industries, including the security inks market.
Security Inks Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Security Inks Market analysis, the market is witnessing steady growth driven by the increasing need for enhanced authentication and protection against counterfeiting activities. Security inks play a vital role in safeguarding banknotes, identity documents, and high-value products from counterfeiters. The market is characterized by advancements in technology, leading to the development of innovative security ink formulations with features like color-shifting, invisible inks, and biometric integration. The market is dominated by invisible security inks, while biometric security inks are the fastest-growing segment. North America holds a prominent position in the market, fueled by stringent regulations and a strong emphasis on security measures. Asia Pacific is experiencing rapid growth due to the rising instances of counterfeiting and the increasing adoption of e-commerce. However, the high cost of implementing security ink solutions acts as a restraint to market growth. Companies in the market focus on research and development, partnerships, and mergers to strengthen their market presence and offer customized security solutions. Additionally, there is a growing trend towards eco-friendly and sustainable security ink solutions to align with environmental standards.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.17 billion |
| Market size value in 2031 | USD 4.52 billion |
| Growth Rate | 4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Security Inks Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Security Inks Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Security Inks Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Security Inks Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Security Inks Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Security Inks Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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