Security Ink Market: Global Overview and Forecast (2023-2029) by Type, Printing Method, Application, and Region

Security Ink Market size was valued at US$ 789.68 Mn. in 2022 and the total Security Ink revenue is expected to grow at 4.1% from 2022 to 2029, reaching nearly US$ 1046.18 Mn.
Security Ink Market Overview:
Security inks have been created to assist makers of high-value items in combating the possibility of counterfeiting, as well as to give an inconspicuous manner of tracing products through the manufacturing and packing processes.



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Document security refers to the protection of important papers such as travel documents (e.g. passports and visas), identification cards, driving licenses, currencies, and any other valuable documents that are secured by a combination of security elements. These features come in a variety of forms, beginning with a security manuscript, which contains embedded characteristics such as digital watermarking, fibers, planchettes, safety threads, and so on, and continuing with inks, printing techniques, and extra security features such as optical variable ink, optical variable magnetic ink, MLI (Multiple Laser Image), CLI (Changeable Laser Image), SLI, and so on. Nevertheless, learning to detect legitimate features and sincerely doubt forgeries and fraudulent documents is essential not only for digital forensics examiners, border protection officers, immigration authorities, investigators, and public intermediaries but also for anyone who deals with such records, namely IDs and currency in circulation.

In this report, the Security Ink market’s growth reasons, as well as the market’s many segments (Type, Printing Method, Application, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Security Ink market’s Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Security Ink market situation.
Security Ink Market Dynamics:
The availability of different printing techniques suited to different applications is a major driver of the market growth. Different printing processes are better suited to different uses. For the security system to function correctly, a greater weight of ink may be required on the substrate. In other cases, a more sensitive approach is required, such that the intricacy in the design contributes to the protection. In recent days, especially in an overcrowded market, the secure printing sector has struggled to come up with new concepts, with more security mechanisms and lower costs. The latest methods in the realm of chemistry play critical roles in the printing industry. The capacity to print security papers on non-conventional, nonporous substrates e.g. plastic and polymer is no longer a future technology, but rather a practical solution in a variety of fields.

The ever-growing prevalence of identity theft is the key opportunity in the security ink market. Fraudsters utilize forged documents for illicit purposes such as crossing the border illegally, human smuggling, trafficking of commodities and migrants, committing violent crimes, extremism, and terrorist acts, and getting privileges and money. Scammers use another persona to evade economic duties and responsibilities, as well as to do unlawful crimes without being held accountable, by transferring blame to the genuine person. This is the issue of identity fraud, which is a very serious and complex problem that is also continuously growing. A simple Google search for "identity theft" yields over 150 million hits, which is only a small sample of how widespread such a situation is.

The strict environmental regulations in countries e.g. USA and Canada are expected to be a major restraint in the overall growth of the market. Solvents in the printing industry are frequently not or only partially retrieved from exhaust air streams generated by dryer systems. As a result, solvent vapors pollute both outside air and the air in printing buildings. High-boiling mineral oils, glycol ethers, and other solvents often utilized in embossed steel die printing are considered harmful to human health. As a result, there is a significant market demand for engraved steel die printing inks in which the number of organic solvents is considerably decreased and potentially substituted in part or whole by water.
Security Ink Market Segment Analysis:
By Printing Method, the Intaglio ink segment is expected to grow at the fastest CAGR of 3.9% in the aforementioned forecast period. Intaglio ink is a costly security ink that is exceptionally difficult to reproduce. Intaglio printing is a process in which the image is sliced into the surface and the buried portion holds the ink; intaglio ink or other types of inks, such as optically variable ink, may be used. The intaglio printing technology is utilized in the majority of security papers in the world, including currencies, visas, and permits. It is an ancient method of producing security prints. Direct printing necessitates the use of a plate carved with a theme design, text, and/or picture.



After applying the ink to the printing surface, the excess ink is removed from the elevated non-printed region and immediately transferred onto the substrates. A little portion of the thick intaglio ink is soaked by the substrate; the slashed line or sunken region holds the ink, but the bulk, around 85%, remains on the surface, forming a thick coat of ink and a linear pattern with varying depth and width. The intaglio may be verified with the human eye and by feel, and no complex tools are required. The other distinguishing feature of intaglio is layering or ruffled edges caused by the printing process owing to the thickness of the ink.
Security Ink Market Regional Insights:
The Asia-Pacific region is expected to be the fastest-growing region in the international market at the end of the forecast period due to rising cases of forgery and counterfeiting. PwC produced research on fraud in 2018 that focused on Vietnam and discovered that 51 percent of the 7,000 respondents in 123 areas had experienced economic fraud in the previous two years. Additionally, the Indian government declared demonetization without warning, which has raised the need for security inks in this region.

Moreover, North America and the European regional markets are projected to grow at the quickest rate throughout the forecast period due to high levels of counterfeit goods and forging, as well as increased awareness about document protection. Europol frequently assists investigations that both prevent migrant trafficking and hinder the fabrication and use of counterfeit papers that aid transit. These illegal actions, as well as the actions aimed against them, are occurring against the backdrop of the current migrant situation. To sustain a booming criminal market related to the crisis, organized crime syndicates are spending more significantly on the fabrication of forged documents. Due to lower product penetration, South America, the Middle East, and Africa markets are growing at a slow rate.

The objective of the report is to present a comprehensive analysis of the Security Ink market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Security Ink market dynamics, and structure by analyzing the market segments and projecting the Security Ink market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Security Ink market make the report investor’s guide.
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Security Ink Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 789.68 Bn.


Forecast Period 2023 to 2029 CAGR:
4.1%
Market Size in 2029:
US $ 1046.18 Bn.


 Segments Covered:
by Type
• Invisible
• Optically variable ink
• Thermochromic Ink
• Metameric Inks
• Reactive Inks
• Others


by Printing Method
• Intaglio
• Silkscreen
• Letterpress
• Offset
• Other


by Application
• Banknotes
• Official Identity Documents
• Tax Banderoles
• Security Labels
• Other



Security Ink Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Security Ink Market Key Players
• Microtrace
• SICPA
• Sun Chemical
• CTI
• Gleitsmann Security Inks
• Letong Ink
• Cronite
• Kao Collins
• Chromatic Technologies
• Eastman Kodak
• Ink Tec
• Gans
• Pingwei
• Shojudo
• Luminescence
• Wancheng

FAQs:

1. Which is the potential market for the Security Ink in terms of the region?
Ans. The Asia-Pacific region is expected to be the fastest-growing region in the international market at the end of the forecast period.

2. What are the opportunities for new market entrants?
Ans. The ever-growing prevalence of identity theft is the key opportunity in the security ink market.

3. What is expected to drive the growth of the Security Ink market in the forecast period?
Ans. The availability of different printing techniques suited to different applications is a major driver of the market growth.

4. What is the projected market size & growth rate of the Security Ink Market?
Ans. Security Ink Market size was valued at US$ 789.68 Mn. in 2022 and the total Security Ink revenue is expected to grow at 4.1% from 2022 to 2029, reaching nearly US$ 1046.18 Mn.

5. What segments are covered in the Security Ink Market report?
Ans. The segments covered are Type, Printing Method, Application, and Region.