Security Printing Market: An Overview
Increased cases of forgery and counterfeiting practices are
anticipated to drive the security
printing market over the forecast period. Counterfeiting
practices are particularly prevalent in bank notes, passports, postage stamps,
identity cards, stock certificates, and contraband. Security printing helps in
prevention of tampering and forgery of the instruments mentioned above.
The key end market verticals in security printing market
includes Banking, Financial Services and Insurance (BFSI), Supply Chain
Industry and Legal authorities (Government bodies) responsible for issuing
passport, legal stamps, driving license, personal unique ID birth and death
certificates,. With an increase cases of deception and counterfeiting, it will
lead to the demand for security printing across its various applications.
Major Key
Players of the Security Printing Market are:
Madras Security Printers Private Ltd., Giesecke & Devrient, 3M,
Simpson Security Papers, Inc, SPM - Security Paper Mill, HGT, Troy Group Inc.,
and Luminescence International Ltd
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Security Printing Market: Dynamics
Growth in
demand for the security printing paper market is expected to rise due to many
reasons:
- With rise in crime, financial instruments should be issued
through secure printing.
- Developed countries would increase the usage of hybrid
security printing papers to ensure their legal and financial documents are
secured. Counterfeiting is expected to increase at an astonishing rate, which
includes minor criminals producing illegal copies of tax stamps, forged
documents, bank notes, and invading supply chains with changed packaging and
goods. This will boost the demand for security printing market.
- Many countries has introduced new currency notes in recent
years to safeguard their economy with money laundering, counterfeits and
corruption. Kenya, Jamaica, Poland, Venezuela, Namibia, Pakistan and India has
changed their currency notes in recent years, this is an indication of growth
of security printing market in aforementioned regions. Governments are taking
cautions especially to abort forgery and counterfeiting practices by
implementing security printing in their legal documents and tender.
Security Printing Market: Segmentation
Global
security printing paper market can be segmented on the application, security
feature, and by regional.
Based on
the application, the security printing paper market is segmented into –
·
Legal Document Issuing Authorities
·
Central banks
Based on
the security feature, the security paper market is segmented into –
- Watermarks
- Holograms
- Hybrid
paper
- Color
pigments
- Micro
printing
The report
sheds light on various aspects and answers pertinent questions on the market.
Some of the important ones are:
1. What can be the best investment choices for venturing into
new product and service lines?
2. What value propositions should businesses aim at while
making new research and development funding?
3. Which regulations will be most helpful for stakeholders to
boost their supply chain network?
4. Which regions might see the demand maturing in certain
segments in near future?
5. What are the some of the best cost optimization strategies
with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are
leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of
key regional markets?
8. How will the emerging political and economic scenario
affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various
segments?
10. What will be the barrier to entry for new players in the
market?
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