- The global security printing market has seen an average annual growth of 2% over the last five years to reach over $30 billion in 2022
- The market is forecast to see an annual average growth of nearly 3% to 2028, when the market will stand at $36 billion.
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- Biometric data and digital credentials are increasingly common for all types of ID, impelling security print companies to innovative and adopt service businesses models
- Banknotes was the largest end-use sector for security printing in 2022 and although digital payments are replacing cash payments in some parts of the world, cash is still widely used globally. There is a growing number of countries adopting polymer banknotes with longer life expectancy than the paper notes they are replacing.
- The growth in e-commerce has highlighted the need for brand owners to increase their anti-counterfeiting security measures on packaging
- The global increase in counterfeiting has driven a rapid growth in additional security measures for brand protection and tax stamps
- The effects upon the security printing industry from the pandemic, as well as the increased use of digital payments and identity documents.
- Suppliers of security components, inks and substrates
- High security printers and print suppliers
- Converters and technology integrators
- State printing works
- Public and private sector issuance organisations
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with material suppliers, converters and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
About the author
Keith Jacques is a consultant with Smithers, specialising in market research projects covering security printing, graphics and packaging print, and raw materials industries. This is backed up by over 40 years’ industry experience in both technical and business development roles.
Name The Future of Global Security Printing to 2028
Date 12/22/2023
Price $6750.00
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