Security Hologram Market is projected to reach a value of $26.45 billion by 2030

According to the report published by Virtue Market Research, the Global Security Hologram Market was valued at $4.41 billion in 2022 and is projected to reach a market capitalization of $26.45 billion by 2030. Over the forecast period of 2023-2030, the market is estimated to grow at a CAGR of 25.1%. The global security hologram market is expanding because of the rising demand for secure authentication solutions to stop counterfeiting and other security issues.

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To ensure comprehensive verification and avoid duplications, the University Grants Commission (UGC) has urged all Indian universities to include security measures like security holograms and QR codes for diplomas and other programs. As a result, the entire educational system will be more standard, which will make it simpler for students to create a distinctive personal identity that they may use at many colleges. Furthermore, as more students complete their coursework and get certificates each year, there will be greater demand for security holograms. The UGC is assisting in ensuring that all credentials are valid and trustworthy by affixing security holograms to all certificates and mark sheets for all courses. Additionally, lowering the prevalence of counterfeiting will increase the trust that institutions and businesses have in the veracity of students' academic records. Security holograms will help to prevent credentials from being readily falsified or reproduced by adding an extra degree of security, preserving the credibility of the Indian educational system.

The COVID-19 pandemic had a significant negative impact on the global market for security holograms for a number of reasons, including a halt in production, disruptions in logistics and shipping, and a weak supply chain. The pandemic also imposed trade restrictions and created an imbalance in the supply of raw materials, which decreased demand and sales. With the development of vaccinations and the ensuing demand for vaccination certificates or cards, the market for security holograms is anticipated to recover. In order to stop counterfeit certifications and fraudulent vaccinations and pharmaceuticals, manufacturers are concentrating on creating holograms. Additionally, the relaxation of lockdown limitations has led to end-use businesses reaching peak productivity, which will further drive up sales of security holograms as they seek to protect their products and build brand confidence. The need for anti-counterfeiting solutions is on the rise, and consumer awareness of fake goods is developing as well. These are some of the major trends and possibilities in the global market for security holograms. Edible security holograms are being developed to guarantee food security and safety, and manufacturers are putting an emphasis on innovation to attract customers. The ability to customize holograms to meet user needs is another benefit of advances in holographic technology.

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Segmentation Analysis:
The global Security Hologram Market segmentation includes:

By Product Type:
• 2D/3D
• Flip Flop
• Trixt Matrix
• Electron-Beam

The 2D/3D, Trixt matrix, Flip Flop, and Electron-Beam product categories, along with the worldwide security hologram market, are each divided into a separate segment. The highest CAGR is anticipated for 2D/3D security holograms over the forecast period. For security purposes like brand protection, product authentication, and anti-counterfeiting, 2D/3D holograms are employed. Due to their intricate structure, trixt matrix holograms are employed in the banking, finance, and government sectors for extremely secure authentication. Electronic parts and medical devices are packaged with Flip Flop holograms to give product authenticity. Authentication with electron-beam holograms is mostly done in the industrial and automotive industries. The greatest market share is now held by 2D/3D security holograms, and this trend is anticipated to continue over the projected period. They are economical and used for several security features, including brand protection and anti-counterfeiting. Due to its intricate construction and rising demand from the banking, finance, and government sectors, dot matrix holograms are anticipated to experience the largest growth throughout the course of the projected period. Most often employed for authentication in the automotive and industrial sectors are flip-flops and electron-beam holograms.

By Application:
• Packaging
• Currency
• Documents
• Apparel
• Passport
• Others

The rising demand for secure packaging, money, passports, and papers is what fuels the worldwide security hologram market. Due to the rising need for anti-counterfeiting solutions for packaging applications, the packaging category is anticipated to have the greatest CAGR throughout the projection period. Due to the growing demand for increased security, currency and passports are also anticipated to undergo substantial growth. Governments and companies are attempting to secure their private documents with the use of security holograms, thus the documents segment is also anticipated to expand significantly. Additionally, the high adoption rate of security holograms in various applications is likely to drive strong growth in the other segment, which comprises credit cards, tickets, and other papers.

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Regional Analysis:
The increasing need for anti-counterfeiting products is anticipated to fuel a major increase in the global market for security holograms in the upcoming years. Due to the US's rising demand for authentication and packaging security systems, North America is anticipated to be the top market. The second-largest market is likely to be in Europe, where Germany is anticipated to dominate because of the country's strong anti-counterfeiting legislation. Because of the Chinese government's drive against counterfeiting, China is anticipated to hold the greatest market share in the Asia-Pacific region. The University Grants Commission's directive to add security elements like security holograms and QR codes to all degree certificates and mark sheets is projected to make India the market with the fastest growth rate. There are many domestic and foreign competitors in the fiercely competitive security hologram business. Due to the rising need for anti-counterfeit products and the expanding use of security holograms across numerous industries, the market is predicted to rise quickly in the upcoming years. To acquire a competitive edge, industry participants are also concentrating on product innovation and strategic partnerships.

Latest Industry Developments:
• In February 2020, Vellamo and UPM Raflatac have created the first and only wood-based transparent plastic label material that is 100% recyclable for the bottled water market, opening the way for a more environmentally friendly future for the industry.

• In October 2022, The Griff Network purchased Atlas Metallizing, a New Britain, Connecticut-based producer, extruder, coater, laminater, and metallizer. The Griff Network will be able to broaden its market reach in the packaging, graphic, and technical industries due to the acquisition.

• In December 2022, the New SAFEGUARD® polymer banknote series was released by the Central Bank of Barbados. De La Rue created the new notes and printed them on SAFEGUARD®. While converting to a vertical orientation, including new themes, and including polymer-specific security elements, the banknotes maintain well-known places and figures from the current series while presenting an unmistakably Barbadian design.

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Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.

This release was published on openPR.