Security Printing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Security Printing Industry Size & Forecast. The Market is Segmented by Application Type (Banknotes, Payment Cards, Cheques, Personal ID, Ticketing, Stamps) and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The Market Sizes and Forecasts are Provided in Value (USD) for all the Above Segments.

Security Printing Market Size

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Security Printing Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 34.54 Billion
Market Size (2029) USD 42.04 Billion
CAGR (2024 - 2029) 4.01 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific

Major Players

Security Printing Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Security Printing Market Analysis

The Security Printing Market size is estimated at USD 34.54 billion in 2024, and is expected to reach USD 42.04 billion by 2029, growing at a CAGR of 4.01% during the forecast period (2024-2029).

 It is challenging for organisations to stay ahead of counterfeiters and forgers as technology becomes more advanced, accessible, and capable of doing so. Technological progress has made it easier to replicate even high quality duplicates of documents that are unsecured. Counterfeits are finding scanners with higher quality color copiers, printshop quality resolutions and even small printing presses more easily these days.

  • These developments have also been adopted and supported by governments in many developed and developing economies, with a view to reducing economic losses due to fraud or counterfeiting.
  • Furthermore, Law enforcement and security regulations are significant factors driving this market. High security materials and complete banknotes are obtained under false pretenses from the security printing industry in some cases of counterfeiting. It pointed out that the necessary steps to verify the nature of the orders with the relevant issuing authorities should be taken by banknote printing companies and security substrate producers.
  •  Polycarbonate offers excellent resistance to attacks, a wide range of security features for long life time, and is widely used for secure identification documents. The technology to enhance safety features is being improved by different players. In the future, it could be a reflection of trends.
  • The growth of the security print industry over the forecast period may be hindered by transition towards a cashless economy, digitisation of identification cards and strict certification concerning secure paper.
  •  The security printing market has been shown to be significantly affected by the global outbreak of COVID19. In terms of the number of patients worldwide, Europe and Asia have been most affected. In addition, a surge in patient numbers has caused the pandemic's impact to become more pronounced in the US. Furthermore, the increasing commercial activity and resumption of office spaces are also expected to drive the demand for payment cards, which may further support the studied market's growth.

Security Printing Market Trends

Banknotes Holds the Significant Share in The Market

  • More robust options, such as pure paper, polymer substrates and polymers composite or premium paints and varnishes are being adopted by a majority of central banks. Although it is more expensive, due to their longer life and increased resistance to folding, soiling and microbes, changing to a polymer can result in significant cost savings for issuing authorities.
  • A additional key factor in the Bank's decision to modernise banknotes was an increase of local and global counterfeiting of polymers. The substrate of most banknotes is paper, which is often made from cotton fibres for strength and durability. Some papers are made from linen, specialized colored or forged threads added to enhance their uniqueness and protect them against copying.
  •  The growing need for a fight against fake banknotes has led to an increased use of security paper in cash and banknotes. As a feature of the protection of money, threads or fibres, holograms and markings are often used. In banknotes, the watermark is mainly used because it is easy for the public to recognise, and it provides protection against scanners, chemical, mechanical, and reproduction attempts. Furthermore, security fibers and a watermark are used to protect color photocopying.
  • According toReserve Bank of India, In financial year 2023, there were banknotes worth more than 34.4 trillion rupees (403.17 USD Billion) in circulation across the south Asian country of India. As of November 2016, India discontinued the circulation of 1,000 rupee banknotes and introduced 2,000 rupee banknotes instead.
Security Printing Market: Value of Banknotes in Circulation Across India from Financial Year 2020 to 2023 (in  USD Billion)

Asia-Pacific to Account for Significant Market Growth

  • Increasing developments by major countries, including Japan, Saudi Arabia, and India, in currency production and improved detection of counterfeit security papers are expected to propel security printing market growth over the forecast period.
  • Furthermore, increasing counterfeiting and forgery operations in the Asia-Pacific, such as false currency, corruption, and terrorist funding, contributed to expanding the region's requirement for protecting paper printing. Moreover, the increased demand for papers such as passports, ID cards, and bank credentials, coupled with the expanding population, provides several development prospects for market participants.
  • The increasing adoption of RFID-based solutions is expected to develop an ecosystem highly favorable for the growth of the studied market.
  • The adoption of an array of techniques aimed at combating forgery-such as photo integration, barcoding, biometric identifiers, reversed out text, fluorescent serial numbers, embossing stamps, iFADO (intranet False and Authentic Documents Online), gravure print, and ink stamp-is poised to drive market expansion throughout region
Security Printing Market  : Market CAGR (%), By Region, Global

Security Printing Industry Overview

Security Printing is consolidated as there is minimal competition within the security printing sector since the market serves a small number of businesses. It is because several variables, including capital needs, laws, and regulations, constrain the number of players. Some key players operating in the market include Agfa-gevaert Group, Graphic Dimensions, and Cetis d. d., and Printech Global Secure Payment Solutions LLC.

  • December 2023 - Agfa-gevaert Group, has announced its pioneering SpeedSet 1060 inkjet printing press this fully digital packaging printing press merges the robustness and print excellence of an offset press with the compelling attributes of inkjet printing. It offers offset-like print quality yet boasts shorter setup times, reduced material waste, and efficient variable data printing
  • Septemer 2023 - An agreement, named 'PRAGAMAN' worth Rs 137 crore (16.48 USD Biilion.) The contract was signed between Minting Corporation of India Limited, Security Printing and, SPMCIL and Corporate Infotech Pvt. LimitedCIPL Noida, to build two data centers.

Security Printing Market Leaders

  1. Agfa-gevaert Group

  2. Graphic Dimensions Inc

  3. Cetis d. d.

  4. Printegra (Ennis Inc)

  5. Printech Global Secure Payment Solutions LLC

*Disclaimer: Major Players sorted in no particular order

Security Printing Market Concentration
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Security Printing Market News

  • Februray 2024 - Security technology firm Spectra Systems said on Monday that it has entered into a conditional agreement to acquire security printing business , the acquisition to consolidate the supply of its Fusion polymer substrate within the enlarged group, increase margins on polymer substrates, and open new sales opportunities, while also increasing combined earnings, product development capabilities, and visibility.
  • April 2023- NanoMatriX introduced MatriX-Intaglio, a new high-security ink designed to prevent the counterfeiting of papers, packaging, and cash. The printing industry and governmental organizations are the target markets for the new ink.

Security Printing Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Assessment of the Impact of COVID-19 on the Security Printing Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Rising Incidences of Forgery

      2. 5.1.2 Emergence of RFID-based Solutions

    2. 5.2 Market Restraints

      1. 5.2.1 Transition Towards Cashless Economy and Digitization

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Application Type

      1. 6.1.1 Banknotes

      2. 6.1.2 Payment Cards

      3. 6.1.3 Cheques

      4. 6.1.4 Personal ID

      5. 6.1.5 Ticketing

      6. 6.1.6 Stamps

    2. 6.2 By Geography

      1. 6.2.1 North America

      2. 6.2.2 Europe

      3. 6.2.3 Asia-Pacific

      4. 6.2.4 Middle-East and Africa

      5. 6.2.5 Latin America

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Agfa-gevaert Group

      2. 7.1.2 Graphic Dimensions Inc.

      3. 7.1.3 Cetis D.D.

      4. 7.1.4 Printegra (Ennis Inc)

      5. 7.1.5 Printech Global Secure Payment Solutions LLC

      6. 7.1.6 Graphic Security Systems Corporation

      7. 7.1.7 Premier Packaging Solutions (DSS Inc.)

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Security Printing Industry Segmentation

Security printing involves printing items such as banknotes, cheques, passports, product authentication, stock certificates, postage stamps, and identity cards. The main goal of security printing is to prevent forgery, tampering, or counterfeiting through the printing process under financial, personal ID, and ticket sectors.

The security printing market is segmented by application type (banknotes, payment cards, cheques, personal ID, ticketing, stamps) and geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in value (USD) for all the above segments.

By Application Type
Banknotes
Payment Cards
Cheques
Personal ID
Ticketing
Stamps
By Geography
North America
Europe
Asia-Pacific
Middle-East and Africa
Latin America
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Security Printing Market Research FAQs

The Security Printing Market size is expected to reach USD 34.54 billion in 2024 and grow at a CAGR of 4.01% to reach USD 42.04 billion by 2029.

In 2024, the Security Printing Market size is expected to reach USD 34.54 billion.

Agfa-gevaert Group, Graphic Dimensions Inc, Cetis d. d., Printegra (Ennis Inc) and Printech Global Secure Payment Solutions LLC are the major companies operating in the Security Printing Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Security Printing Market.

In 2023, the Security Printing Market size was estimated at USD 33.15 billion. The report covers the Security Printing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Security Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Security Printing Industry Report

Statistics for the 2024 Security Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Security Printing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Security Printing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)