Security Ink Market to Increase Significantly

  • Increasing occurrence of forgery and counterfeiting activities is expected to be the key factor driving growth.
  • The security labels application segment is expected to contribute major revenue share.
  • The market in Europe accounted for major revenue share in the global market.

The global security ink market is estimated to value at approximately $ 700 million in 2019, and is expected to register a CAGR of 4%. The first five-year cumulative revenue (2019–2023) is projected to be more than $3.5 billion, which is expected to increase significantly over the latter part of the five-year forecast period.

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.

Key factor expected to drive growth of the global security ink market is increasing occurrence of forgery and counterfeiting activities in various sectors across the globe, especially banking and financial sector where there is a continuous flow of private and confidential information.

The comprehensive research report comprises a complete forecast of the global security ink market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global security ink market is expected to expand at a CAGR of 4.0% during the forecast period.

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Among the product type segments, the offset inks segment is expected to contribute major revenue share in the global security ink market over the forecast period, owing to its increasing application in guilloche patterns and security printing artwork. The intaglio inks segment is expected to register highest CAGR of over 4% in terms of revenue over the forecast period.

Among the application segments, the security labels application segment is expected to contribute major revenue share in the global security ink market, and is expected to register highest CAGR of over 4.1% in terms of revenue over the forecast period, owing to increasing use of security labels in industries such as food & beverages, consumer durable, and pharmaceutical.

The market in Europe accounted for major revenue share in the global market in 2018, and is expected to continue with its dominance over the forecast period. The US market is expected to follow the Europe market in terms of revenue share in the global market. The market in Japan is projected to register highest CAGR of over 4.9% in the global security ink market over the forecast period.

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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.

Krutika Bhoot

I have been into market research industry for last 2 years. I have a keen interest and deep knowledge of research industry. My goals in life are simple - to stay happy, healthy and to keep writing as long as I possibly can.
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