Security Printing Market Size, Share, and Industry Analysis By Printing Type (Offset Lithographic Printing, Flexographic Printing, Roto gravure or Intaglio Printing, Letterpress Printing, Screen Printing, and Others), By Application (Pharmaceutical, Government Documents, Financial Instruments, Product Authentication Labels, Tickets & Coupons, and Others), and Regional Forecast, 2024-2032

Secure printing is the process of professionally printing documents and products that prevent the creation of unauthorized copies. This type of printing can be done using high-quality, secure printing machines or secure printing software. The increasing fraud and illegal activities globally have increased the demand for authorized documents, contributing to the growth of the security printing market. The growing development of techniques such as holograms, Watermarks, micro printing, security threads, and security numbering is enhancing the market growth.

• According to statistics from the Alliance for Safe Online Pharmacies (ASOP), there are around 35,000 online pharmacies globally. Of them, 95% operate unlawfully across the world and approximately 20 new illegal online pharmacy websites go live globally every day. Therefore, the increase in the illegal business of medicines will fuel the growth of the security printing market as it helps detect legal drugs.

Certificates and approval documents must be exceptionally secure and authentic. Proof of qualifications is often required while applying for a job and employers need evidence of the authenticity of a certificate. Therefore, strict security measures are a must to protect the documents from criminals. Furthermore, the growing demand for anti-counterfeiting packaging products, such as labels in the pharmaceutical and food and beverage industries, is fueling the growth of the security printing market. As technology has evolved, security printing has advanced to include physical features and digital elements such as encrypted RFID tags and QR codes, further increasing document security and propelling the market growth.

Integrating sophisticated techniques and security elements in printing documents, such as holograms, watermarks, security threads, security numbering, and micro printing, increased the printing cost compared to regular printing, impeding the market growth. Additionally, security printing requires specialized knowledge and upgraded equipment, which increases the complexity of manufacturing, restricting the growth of the security printing market.

Security printing was moderately affected by COVID-19, as there was a demand for certain security documents such as government IDs, healthcare certifications issued by the government, and pharmaceutical packaging to avoid fraudulent medicines. This has surged the demand for security printing. However, due to the restrictions on traveling, there was a decline in the printing of passports, visas, and other documents.

SEGMENTATION

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Security Printing Market


• Key Industry Trends


• Regulatory Landscape for the Security Printing Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Security Printing Market

ANALYSIS BY PRINTING TYPE

Based on printing type, the market is segmented into offset lithographic printing, flexographic printing, roto gravure or intaglio printing, letterpress printing, screen printing, and others.

The offset lithographic printing segment dominates the security printing market. It is generally used in the large-scale production of government documents that integrate security features such as watermarks and holograms to increase the authenticity of the documents, fueling the segment growth.

ANALYSIS BY APPLICATION

Based on application, the market is segmented into pharmaceutical, government documents, financial instruments, product authentication labels, tickets & coupons, and others.

The government documents segment leads the security printing market. Documents such as ID cards, passports, birth certificates, and domiciles, among others, need the utmost security to prevent fraud and unauthorized activities. The growing demand for legal documents everywhere to avoid illegal activities is propelling the segmental expansion.

REGIONAL ANALYSIS

The security printing market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific is the dominant region in the security printing market. The increasing development in countries such as China, India, and Japan and the increased printing of currencies are enhancing the region's growth.

The North America market is growing significantly due to the rising demand for anti-counterfeiting products. The European region is experiencing lucrative growth due to the prevalence of passports and visas coupled with the increasing demand for financial instruments.

Latin America is growing significantly due to a rise in fake currency and money laundering cases. The Middle East & African region is soaring steadily due to the increasing demand for authorized government documents.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Arrow System Inc., Orion Security Print, Eltronis, A1 Security Print, ECO3, Graphic Dimensions Inc., JUI Group, CETIS d.d, The Flesh Company, and TROY Group.

KEY INDUSTRY DEVELOPMENTS

• In January 2024, Cartor Security Printers, one of the leading security printing groups, was acquired by Spectra Systems Corporation. The acquisition would boost Spectra's presence in the polymer banknote substrate market and introduce new opportunities for selling its security products.


• In May 2021, HP announced the launch of security printing for HP Indigo Digital Presses. These solutions help print service providers and security printers protect customers from counterfeiters and other product threats. HP Indigo Secure is designed for financial institutions, governments, and other institutions that handle personal identifications, currency, and other secure documents, and documents worth money, such as gaming documents, tax stamps, and others.


• In April 2019, Authentix announced the acquisition of Security Print Solutions Limited, which is one of the industry leaders in providing high-security print solutions with a broad range of portfolios that includes high-security tax stamps and a host of security labels and other documents such as patented and multi-layered security technologies.