Security Printing Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 - 2020
Albany, New York (PRWEB) February 06, 2015
Security printing includes printing of banknotes, product authentication, postage stamps, identity cards, stock certificates and passports. Companies, government organizations and institutes protect their valuable documents such as coupons, prescription pads and transcripts with by incorporating few features of the security printing in order to reduce the cost. Security printing is done to avoid tempering, counterfeiting and forgery. Security printing includes special paper, watermarks, intaglio printing, micro-printing, holograms, security threads, magnetic inks, anti-copying marks and serial numbers. Based on end-use applications, security printing market can be segmented as financial, tickets, brand protection, personal ID and others.
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Security printing and law enforcement can help in preventing counterfeiters and detect forgeries which would eventually reduce frauds. Need of brand protection is anticipated to boost the market growth. These product pirates copy brand name and status which would cost companies huge losses and reputation dilution. Additionally, rising counterfeiting is anticipated to boost the market growth for security printing. This is affecting society in all the regions globally and the issue of counterfeiting needs to be addressed. Increasing awareness about all the frauds in consumer groups is anticipated to drive the demand for security printing.
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Asia Pacific emerged as the largest market for security printing in terms of demand. Middle East and Latin America are expected to be fastest growing in the next few years. Due to rising disposable income and changing consumer behavior in the developing countries of Asia Pacific, the demand for security printing is expected to remain high in the next few years. North America held a small share in the global security printing market. Growth for security printing market in North America is expected to revive in the next few years due to increasing awareness among consumer groups and companies about document security. Europe comprising Eastern and Western Europe is expected to grow at a moderate rate. Western Europe is expected to exhibit significant growth in the total market share.
Global security printing market is moderately consolidated with few players accounting for major shares. Some of the major players have presence across the value chain and provide customized products and solutions for the customers. For instance, Giesecke & Devrient procure raw materials from its fully owned subsidiaries in order to reduce cost and maintain high quality of the product. Some of the key players in the global security printing market include 3M, Madras Security Printers Private Ltd. and Giesecke & Devrient.
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This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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