- 4 July 2019 21:57
The Security Ink Market Segmented By Product Type, Application, And Region/Country
Global Security Ink Market: Introduction
Security ink is used in security printing industry wherein items of high privacy and confidentiality such as stamp papers, checks, bank notes, certificates, passport, labels and identity cards are printed. Security ink plays an important role in printing of these items as it helps in authentication, protection and also detection of fraudulent activities. The global Security Ink Market is estimated to value at approximately US$ 0.7 Bn in 2019, and is expected to register a CAGR of 4%.
Global Security Ink Market: Market Dynamics
A major factor driving growth of the global security ink market is increasing occurrences of forgery and counterfeiting practices. Counterfeiting practices are proliferating in bank notes, identity cards, postage stamps, stock certificates, passports, and product authentication. Security printing helps in prevention of meddling and falsification, leading to an increasing demand for security inks, which in turn is expected to drive growth of the global security ink market.
Increasing growth of banking and financial sector across the globe is also driving demand for security inks, thereby supporting growth of the global security ink market over the forecast period. Banking sector hugely demands security printing for protecting documents, controlling authenticity, maintaining originality of documents, defending credibility etc. These factors are driving growth of the global security ink market. In addition, increasing corporate fraudulent activities have also resulted in adoption of security measures by various companies. One of the primary security measure is security printing, where security ink forms a quintessential part, which in turn is driving growth of the global security ink market. Recent demonetization activities across various countries have led to increasing number of note printing activities, which have led to growth of the global security ink market.
Analysis By Segmentation:
The market report has been segmented on the basis of type, application, and region/country. The type segment includes intaglio inks, silkscreen inks, letterpress inks, offset inks, and others. The application segment includes application, banknotes, official identity documents, tax banderoles, security labels and others. The regions/countries covered in the report include US, Europe, Japan, China, India, Southeast Asia, South America, South Africa, and Rest of the World.
By Product type: The intaglio inks segment is expected to register highest CAGR of over 4% over the forecast period
By Application: The security labels segment is expected to register highest CAGR of over 4.1% over the forecast period
By Region/Country: The market in Japan is expected to register highest CAGR of over 4.9% over the forecast period
Global Security Ink Market: Competitive Analysis
The research report on the global security ink market include profiles of some of major companies such as HOLDING SA, Sun Chemical Corporation, Microtrace, LLC, Chromatic Technologies, Inc. (CTI), Gleitsmann Security Inks GmbH, Kao Corporation (Kao Collins Inc.), The Cronite Company, VILLIGER SECURITY SOLUTIONS AG, Eastman Kodak Company, Shojudo Co., Ltd.
The Global Security Ink Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global security inks market for 2018–2028.
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