Security Printing Market - Forecasts from 2018 to 2023
Security printing is the process of printing of certain items that involve verification and security from unlawful activities. The major role is to avoid criminal activities like frauds, tampering, counterfeiting and other practices. Growing cases of counterfeiting practices is the major driver of global security printing market. Increasing requirement of brand protection is further boosting the demand for security printing solutions. Stringent government regulations and standards worldwide along with the growing awareness about consumer rights among consumers will propel the security printing market growth in the forthcoming years.
Security Printing Market is set to expand at a CAGR of 7.77% over the forecast period to reach a total market size of US$40.003 billion in 2021, increasing from US$25.529 billion in 2016. North America will witness the significant growth of security printing market owing to rising consumer awareness in the region. APAC region is projected to witness the fastest regional market growth during the forecast period due to rising purchasing power and living standards in the emerging economies such as China and India. However, growing digitization will restrain the market growth during the forecast period.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Security printing solutions. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Thirdly, Security Printing market has been segmented by printing process, application, and geography as below:
By Printing Process
Europe Middle East and Africa
Middle East and Africa
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Madras Security Printers Private Ltd, 3M and Giesecke & Devrient among others.