Security Printing Market Growth and Demand Forecast to 2024 | Top Key Players are 3M, Giesecke+Devrient Mobile Security, Giesecke+Devrient

Security printing involves printing of items that requires authentication such as banknotes, postage stamps, product authentication, identity cards, stock certificates and passports. Security printing includes holograms, intaglio printing, special paper, watermarks, micro-printing, security threads, anti-copying marks, magnetic inks and serial numbers. Security printing is done to avoid illegal activities such as counterfeiting, forgery and tempering.

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Many computer systems rely to some extent on secure printing, packaging, and seals to guarantee important aspects of their protection. Many software products get protection against forgery by using tricks such as holographic stickers, which are supposed to tear when removed from the package.

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Based on end-user applications, security printing market can be categorized as tickets, financial, personal ID, brand protection and others. Coatings, substrates and inks are expected to be the largest product category in the security printing market in near future.

Increasing fraudulent activities by anti-social elements is one of the reasons for growing demand of security printing market. Counterfeit activities are invading the supply chain network of companies, where goods with altered packaging are introduced for shipment. Fraudulent activities are also on rise in tax stamps, forged documents and bank notes.
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The industry faces major challenge from digitization and convergence of content. The challenge arises from the technological convergence between modes of communication, which makes print, broadcasting and telecommunication more artificial and arbitrary. The most compelling cause of the convergence is fast spreading digitization of all types of content, the translation of content into computer readable digital code.
Due to increasing awareness among consumer groups and companies about document security, growth for security printing market in North America is expected to revive in next few years.

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