GVR Report cover Security Printing Market Size, Share & Trends Report

Security Printing Market Size, Share & Trends Analysis Report By Printing Type (Screen Printing, Letterpress Printing, Digital Printing, Lithographic Printing, Intaglio Printing), By Application, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Sep, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68039-628-0
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 250

Report Overview

The global security printing market size was valued at USD 2.94 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2021 to 2028. Security printing is used in the printing of items that necessitate authentication such as stock certificates, postage stamps, banknotes, identity cards, product authentication, and passports. Security printing comprises intaglio printing, holograms, special paper, copying marks, micro-printing, security threads, anti-magnetic inks, watermarks, and serial numbers. Security printing is used to avoid illegal activities such as forgery, counterfeiting, and tempering. Various computer systems to some extent depend on secure printing to assure important aspects of protection. Many software products obtain protection against forgery by using holographic stickers that are designed to tear when detached from the package. Therefore, the implementation of security measures is essential to assure the user that the item has not been altered after leaving the manufacturing or packing unit, which can be undertaken by security printing.

North America security printing market size, by application, 2018 - 2028 (USD Billion)

Moreover, numerous companies are investing in the R&D of securer technology for prime security. Governments of many developed and developing economies are also adopting and backing these advancements to minimize economic loss due to tampering and counterfeiting. The implementation of hybrid printing papers in the printing of currency is anticipated to control corruption, money laundering, and counterfeiting of currency hence burgeoning the market.

Security inks are an important factor propelling the global market growth. Security regulations combined with law enforcement are a significant factor boosting this market. Moreover, increasing fraudulent activities in financial institutions, personal identities, tax and postage stamps coupled with alternation and tampering in branding of industry products is a driving factor in the growth of the market. Additionally, awareness regarding fraud and counterfeit activities among consumers is predicted to support the market growth during the forecast period.

The outbreak of the COVID-19 pandemic has substantially impacted the overall global economy and, consequently, the security printing industry. Initially, Europe and the Asia Pacific were some of the worst affected regions in terms of the number of COVID-19 patients across the globe. Further, the situation worsened in the U.S. as well. Due to the rapid spread of the virus, the governments issued an order for the complete lockdown of some key cities. The complete lockdown affected the production of security printing manufacturers. This is attributed to the labor shortage and the complete disruption of logistics and supply chain in the nation. The halt in the production of security printers and their components is hindering the overall market growth in the first and second quarters of 2020.

Printing Type Insights

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. Based on the printing types, the industry has been segmented into letterpress printing, screen printing, digital printing, intaglio printing, lithographic printing, and others. 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. Not only that it has increased the speed and revolutionized the history of slow and complex printing, but it has played an important role in security printing as well.

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. Lithographic printing finds its major applications in the corporation and government document printing, asset management, brand protection, cheque and value documents printing, and tickets and event pass generation.

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. This technique is known as rainbowing and is useful because it creates an enriched colorful effect that is difficult to separate into individual color components.

Application Insights

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. Based on application, the industry has been segmented into cheques, legal and government documents, certificates, and others. Printing, reprinting, and circulation of banknotes along with the growing tourism industry is anticipated to increase the demand for passports & visas, which is driving the growth of the security printing application worldwide. 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.

Global security printing market, by application, 2020 (%)

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. The rising cases of forgery and tempering are expected to result in the increasing application of security printing across various applications.

Regional Insights

North America held a significant share of over 37% in 2020 and is expected to be one of the most influential markets across the globe. Based on regions, the global industry has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America dominated the market owing to the extensive adoption of lithographic and screen printing in the region. North American countries, such as the U.S., Canada, and Mexico have been prominent and early adopters of these printing techniques in various manufacturing processes. Moreover, adoption of several techniques to address forgery such as photo integration, barcode, biometric identifier, reversed out text, fluorescent serial number, embossing stamp, iFADO (intranet False and Authentic Documents Online), gravure printing, and ink stamp are expected to play a pivotal role in encouraging market growth in North America.

Europe is estimated to grow at a significant rate, owing to an increase in migration and the adoption of advanced technology to fight corruption, money laundering, and fake currency. The Asia Pacific region is projected to witness remarkable growth, expanding at the highest CAGR over the forecast period owing to the adoption of advanced technology related to security printing in countries like India, China, and Japan. Moreover, increasing concerns over corruption, fake currency, and terror funding will surge the market in the countries. Factors such as high demand for cash transactions, alternative modes of payments (including bank checks and payment cards), and large-scale ID programs initiated by enterprises are projected to boost the demand for security printing in the region.

Key Companies & Market Share Insights

Some of the prominent players in the market include Agfa-Gevaert Group; DSS; Printegra, An Ennis Company; TROY Group, Inc.; and Wellspring Software, Inc. Key players are focusing on research and development, which, in turn, would help increase their market presence. For instance, in February 2019, DSS introduced a new mobile application as part of its DSS Authentiguard solution. 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 of the prominent players operating in the global security printing market are:

  • 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.

  • Рrintech

Security Printing Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 3.09 billion

Revenue forecast in 2028

USD 4.04 billion

Growth rate

CAGR of 3.9% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD Million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Printing type, application, region

Regional scope

North America; Europe; Asia Pacific; South America; MEA

Country scope

U.S.; Canada; Mexico; U.K.; Germany; France; China; Japan; India; Brazil

Key companies profiled

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.; Рrintech

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global security printing market report based on printing type, application, and region:

  • Printing Type Outlook (Revenue, USD Million, 2017 - 2028)

    • Screen Printing

    • Letterpress Printing

    • Digital Printing

    • Lithographic Printing

    • Intaglio Printing

    • Others

  • Application Outlook (Revenue, USD Million, 2017 - 2028)

    • Cheques

    • Legal & Government Documents

    • Certificates

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      •  Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • South America

      • Brazil

    • Middle East & Africa

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