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Security Printing Market to Scale New Heights as Players Focus on Innovations 2019 – 2027

01-16-2020 03:13 PM CET | Industry, Real Estate & Construction

Press release from: Transparency Market Research

Security Printing Market to Scale New Heights as Players Focus

Increased cases of forgery and counterfeiting practices are anticipated to drive the security printing market over the forecast period. Counterfeiting practices are particularly prevalent in bank notes, passports, postage stamps, identity cards, stock certificates, and contraband. Security printing helps in prevention of tampering and forgery of the instruments mentioned above.

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The key end market verticals in security printing market includes Banking, Financial Services and Insurance (BFSI), Supply Chain Industry and Legal authorities (Government bodies) responsible for issuing passport, legal stamps, driving license, personal unique ID birth and death certificates,. With an increase cases of deception and counterfeiting, it will lead to the demand for security printing across its various applications.

Security printing is the field of the printing industry that deals with the printing of items such as financial instruments (banknotes, cheques), passports, tamper-evident labels, security tapes, product authentication, stock certificates, postage stamps, and identity cards.

Polymer substrate is one of the indispensable elements used for manufacturing security printing paper. The long life of the polymer has assisted to the growing demand for plastic in the production of security printing papers. Hybrid security paper (Hybrid security papers are luminescent in UV light and contain special supplements and chemical components, which prevent mechanical and chemical erasures and other types of forgery) are another type of substrate, which are unique papers with security features containing watermarks, security fibers, and threads are used in various types of security documents.

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Developed countries would increase the usage of hybrid security printing papers to ensure their legal and financial documents are secured. Counterfeiting is expected to increase at an astonishing rate, which includes minor criminals producing illegal copies of tax stamps, forged documents, bank notes, and invading supply chains with changed packaging and goods. This will boost the demand for security printing market.

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