Security Inks Market

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Security Inks Market Type (Invisible, Biometric, Fluorescent, Thermochromic), Printing Method (Offset, Intaglio, Flexographic, Silk Screen, Letterpress), Application (Banknotes, Tax Banderoles, Security Labels), and Region - Global Forecast to 2027

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Report Code: CH 8543 Mar, 2023, by marketsandmarkets.com

Security Inks Market

Security Inks Market was valued at USD 3.2 billion in 2022 and is projected to reach USD 3.9 billion by 2027, growing at a cagr 4.1% from 2022 to 2027. The reprinting of banknotes is a continuous process to ensure proper circulation. This is the main driving factor for the market. On the other hand, factors such as stringent government regulations and digitalization hinder the growth of the market.

Global Security Inks Market Trends

Security Inks Market

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Security Inks Market Dynamics

DRIVER: Need for security inks for consumer safety

Security inks offer consumers and manufacturers greater confidence by protecting them from theft or product tampering. Governments can fight counterfeiting and fraud by incorporating security inks into currency, official travel documents, and labels and tax stamps. These inks provide different security features with a range of applications. They are widely used for industrial printing on porous and many non-porous substrates for documents, tax stamps, anti-counterfeiting of designer products, consumer goods, etc. The need for printing with invisible and fluorescent inks (types of security inks) to prevent fraud and conform with regulations for consumer safety is driving increasing interest in these inks.

RESTRAINT: Growth in digitization

The security inks industry acts as a restraining factor from digitization and technological convergence of content. The compelling reason for technological convergence is the speedy digitization of all types of content and converting content into computer-readable digital code. The catalyst for the transformation toward a digital age is likely to come from governments, consumers, and businesses. From 2022 to 2026, governments and businesses will continue investing in new digital technologies, accelerating the trend toward fully digital societies and also adopting greater digitalization in many types of security documentation. Hence, growing digitization and technological convergence can be considered restraints for the security inks market. However, these factors may also generate new opportunities for security printing organizations to invest in new product developments to overcome the threat.

OPPORTUNITIES: Increased identity theft

An increase in the number of identity thefts acts as a significant market opportunity for security inks. Fraudsters use forged documents for illegal purposes such as trafficking commodities and migrants, human smuggling across borders illegally, committing violent crimes, extremism, and terrorist acts, and getting privileges and money. Scammers use another personality to evade economic duties and responsibilities and commit illicit crimes without being held accountable and by transferring blame to the genuine person. This complex problem of identity fraud is continuously growing.

CHALLENGES: Stringent environmental regulations in North American and European countries

Europe and North America are strictly regulated by environmental laws regarding the production of chemical and petro-based products. This is affecting the production capacities of manufacturers in Europe and North America. Solvents used in the printing industry are frequently not or only partially retrieved from exhaust air streams generated by dryer systems. Hence, vapors from solvents pollute the air in printing buildings as well as outside. High-boiling mineral oils, glycol ethers, and other solvents often used in embossed steel dye printing are considered harmful to human health. As a result, regulations act as a major restraint to the overall growth of the market.

Security labels is the fastest growing application segment of the security inks market in the forecast period

Security labels is the fastest growing segment in the applications of security inks market for the forecast period between 2022 and 2027, in terms of both value and volume. Manufacturers of security labels are expanding their operational capacities and investing heavily in advanced technologies to provide the best products to brands for the protection of actual products from counterfeit ones, which, in turn, provides a much-needed boost to the global security labels market's expansion.

Asia Pacific is expected to be the largest regional market during the forecast period.

The Asia Pacific market is expected to be the largest regional segment for the security ink market due to increasing cases of forgery and counterfeiting. According to research by PwC on fraud in 2018 which focused on Vietnam and discovered that 51% of the 7,000 respondents in 123 areas had experienced economic fraud in the previous two years. Moreover, the Government of India declared demonetization without warning, which has raised the need for security inks in this region.

Security Inks Market by Region

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The security inks market is dominated by a few globally established players such as SICPA Holding SA (Switzerland), DIC Corporation (Sun Chemical) (Japan), Kao Collins Corporation (US), Chromatic Technologies Inc. (US), Ink Tec Inc. (US), among others.

Security Inks Market Report Scope

Report Metric	Details
Years Considered for the study	2020-2027
Base year	2021
Forecast period	2022–2027
Units considered	Value (USD) and Volume (Kiloton)
Segments	By Type By Printing Method By Application By Region
Regions covered	Asia Pacific, Europe, North America, Middle East & Africa, South America
Companies profiled	SICPA Holding SA (Switzerland), DIC Corporation (Sun Chemical) (Japan), Kao Collins Corporation (US), Chromatic Technologies Inc. (US), and Ink Tec Inc. (US). A total of 20 players have been covered.

This research report categorizes the security inks market based on Type, Printing Method, Application, and Region.

By Type:

Invisible
Biometric
Fluorescent
Thermochromic
Optically Variable
Magnetic
Reactive
Erasable
Infrared
Others

By Printing Method:

Offset
Intaglio
Flexographic
Silk Screen
Letterpress
Others

By Application:

Banknotes
Tax Banderoles
Security Labels
Official Identity Documents
Others

By Region:

Asia Pacific
Europe
North America
Middle East & Africa
South America

Recent Developments

In December 2022, Fujifilm has entered into an asset purchase agreement with Inspirata, Inc. to acquire the company's Digital Pathology Business.
In July 2022, DIC corporation acquired Guangdong TOD New Materials Co., Ltd. Coating and resin business. This acquisition will help DIC to expand its Asian market coating resins capacity, focused particularly on China—the world's largest coating resins market.
In June 2022, SICPA Morocco inaugurated today its new regional coding centre for highly secure tax stamps in the industrial zone of Sidi Bernoussi in Casablanca.

Frequently Asked Questions (FAQ):

What is the total CAGR expected to be recorded for the security inks market during 2022-2027?

Security inks market registered a CAGR of 4.1% during the forecast period 2022-2027.

What are the driving factors for the security inks?

Need for security inks for consumer safety, increased occurrences of forgery and counterfeiting practices, and growth in banking and financial sectors to drive the security inks market.

Which are the significant players operating in the security inks market?

SICPA Holding SA (Switzerland), DIC Corporation (Sun Chemical) (Japan), Kao Collins Corporation (US), Chromatic Technologies Inc. (US), Ink Tec Inc. (US), among others are the significant players operating in security inks market.

Which region will lead the security inks market in the future?

Asia Pacific will lead the security inks market in future. .

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.2.1 INCLUSIONS AND EXCLUSIONS

1.3 STUDY SCOPE

FIGURE 1 MARKET SEGMENTATION

1.3.1 REGIONAL SCOPE

1.4 YEARS CONSIDERED

1.5 CURRENCY CONSIDERED

1.6 UNIT CONSIDERED

1.7 LIMITATIONS

1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 29)

2.1 RESEARCH DATA

FIGURE 2 SECURITY INKS MARKET: RESEARCH DESIGN

2.1.1 SECONDARY DATA

2.1.1.1 Key data from secondary sources

2.1.2 PRIMARY DATA

2.1.2.1 Key primary data sources

2.1.2.2 Key data from primary sources

2.1.2.3 Key industry insights

2.1.2.4 Breakdown of primary interviews

2.2 MARKET SIZE ESTIMATION

2.2.1 TOP-DOWN APPROACH

FIGURE 3 TOP-DOWN APPROACH

FIGURE 4 MARKET SIZE ESTIMATION

FIGURE 5 SECURITY INKS MARKET, BY REGION

FIGURE 6 SECURITY INKS MARKET, BY APPLICATION

2.2.2 BOTTOM-UP APPROACH

FIGURE 7 BOTTOM-UP APPROACH, BY APPLICATION

2.3 MARKET FORECAST APPROACH

2.3.1 DEMAND-SIDE FORECAST PROJECTION

2.4 IMPACT OF RECESSION

FIGURE 8 MAJOR FACTORS RESPONSIBLE FOR GLOBAL RECESSION AND THEIR IMPACT ON SECURITY INKS MARKET

2.5 DATA TRIANGULATION

FIGURE 9 DATA TRIANGULATION

2.6 ASSUMPTIONS

2.7 LIMITATIONS

2.8 RISK ANALYSIS

2.9 GROWTH FORECAST

3 EXECUTIVE SUMMARY (Page No. - 42)

3.1 INTRODUCTION

TABLE 1 SECURITY INKS MARKET SNAPSHOT, 2022 VS. 2027

FIGURE 10 INVISIBLE SECURITY INKS TO BE LARGEST TYPE SEGMENT DURING FORECAST PERIOD

FIGURE 11 OFFSET PRINTING METHOD TO LEAD MARKET DURING FORECAST PERIOD

FIGURE 12 BANKNOTES APPLICATION TO LEAD MARKET DURING FORECAST PERIOD

FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2021

4 PREMIUM INSIGHTS (Page No. - 47)

4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN SECURITY INKS MARKET

FIGURE 14 PRINTING, REPRINTING, AND CIRCULATION OF BANKNOTES TO DRIVE SECURITY INKS MARKET

4.2 SECURITY INKS MARKET, BY TYPE

FIGURE 15 INVISIBLE SEGMENT TO BE LARGEST SECURITY INK TYPE DURING FORECAST PERIOD

4.3 SECURITY INKS MARKET, BY APPLICATION

FIGURE 16 BANKNOTES TO BE LARGEST APPLICATION DURING FORECAST PERIOD

4.4 SECURITY INKS MARKET, DEVELOPED VS. EMERGING ECONOMIES

FIGURE 17 CHINA TO DOMINATE GLOBAL MARKET DURING FORECAST PERIOD

4.5 SECURITY INKS MARKET, BY COUNTRY

FIGURE 18 SECURITY INKS MARKET IN INDIA TO REGISTER HIGHEST CAGR FROM 2022 TO 2027

5 MARKET OVERVIEW (Page No. - 50)

5.1 INTRODUCTION

5.2 VALUE CHAIN ANALYSIS

FIGURE 19 SECURITY INKS MARKET: VALUE CHAIN ANALYSIS

TABLE 2 SECURITY INKS MARKET: ROLE IN ECOSYSTEM

5.3 MARKET DYNAMICS

FIGURE 20 SECURITY INKS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

5.3.1 DRIVERS

5.3.1.1 Need for security inks for consumer safety

5.3.1.2 Increasing occurrences of forgery and counterfeiting practices

5.3.1.3 Growth in banking & financial sector

5.3.2 RESTRAINTS

5.3.2.1 Growth in digitization

5.3.3 OPPORTUNITIES

5.3.3.1 Rise in number of identity thefts

5.3.4 CHALLENGES

5.3.4.1 Stringent environmental regulations in North American and European countries

5.4 PORTER’S FIVE FORCES ANALYSIS

TABLE 3 SECURITY INKS MARKET: PORTER’S FIVE FORCES ANALYSIS

FIGURE 21 SECURITY INKS MARKET: PORTER’S FIVE FORCES ANALYSIS

5.4.1 THREAT OF NEW ENTRANTS

5.4.2 THREAT OF SUBSTITUTES

5.4.3 BARGAINING POWER OF BUYERS

5.4.4 BARGAINING POWER OF SUPPLIERS

5.4.5 INTENSITY OF COMPETITIVE RIVALRY

5.5 KEY STAKEHOLDERS AND BUYING CRITERIA

5.5.1 KEY STAKEHOLDERS IN BUYING PROCESS

FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS

TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%)

5.5.2 BUYING CRITERIA

FIGURE 23 KEY BUYING CRITERIA FOR SECURITY INKS

TABLE 5 KEY BUYING CRITERIA FOR SECURITY INKS

5.6 MACROECONOMIC INDICATOR ANALYSIS

5.6.1 INTRODUCTION

5.6.2 GDP TRENDS AND FORECAST

TABLE 6 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2016–2027

5.6.3 TRENDS AND FORECASTS FOR GLOBAL FINTECH INDUSTRY

FIGURE 24 GLOBAL DIGITAL PAYMENT TRENDS AND FORECAST

5.7 TECHNOLOGY ANALYSIS

5.8 CASE STUDY ANALYSIS

5.9 PRICING ANALYSIS

FIGURE 25 AVERAGE PRICE OF SECURITY INKS, BY REGION

5.9.1 AVERAGE SELLING PRICE, BY APPLICATION

FIGURE 26 AVERAGE SELLING PRICE, BY APPLICATION

5.9.2 AVERAGE SELLING PRICE, BY TYPE

FIGURE 27 AVERAGE SELLING PRICE, BY TYPE

5.9.3 AVERAGE SELLING PRICE, BY PRINTING METHOD

FIGURE 28 AVERAGE SELLING PRICE, BY PRINTING METHOD

5.10 TRADE DATA STATISTICS

TABLE 7 COUNTRY-WISE IMPORT DATA FOR PRINTING INKS, WHETHER OR NOT CONCENTRATED OR SOLID (EXCLUDING BLACK INK), 2021

TABLE 8 COUNTRY-WISE EXPORT DATA FOR PRINTING INK, WHETHER OR NOT CONCENTRATED OR SOLID (EXCLUDING BLACK INK), 2021

5.11 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH

5.11.1 CHINA

5.11.1.1 China’s debt problem

5.11.1.2 Australia-China trade war

5.11.1.3 Environmental commitments

5.11.2 EUROPE

5.11.2.1 Political instability in Germany

5.11.2.2 Energy crisis in Europe

5.12 SECURITY INKS ECOSYSTEM AND INTERCONNECTED MARKET

FIGURE 29 SECURITY INKS MARKET: ECOSYSTEM MAPPING

5.13 TARIFFS AND REGULATIONS

5.13.1 ISO 14298:2021

5.13.2 GRAPHIC TECHNOLOGY—MANAGEMENT OF SECURITY PRINTING PROCESSES

5.13.3 ISO 14298 MANAGEMENT OF SECURITY PRINTING PROCESSES: INTERGRAF CERTIFICATION REQUIREMENTS

5.13.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.14 PATENT ANALYSIS

5.14.1 METHODOLOGY

5.14.2 PUBLICATION TRENDS

FIGURE 30 NUMBER OF PATENTS PUBLISHED, 2018–2022

5.14.3 TOP JURISDICTION

FIGURE 31 PATENTS PUBLISHED, BY JURISDICTION, 2018–2022

5.14.4 TOP APPLICANTS

FIGURE 32 PATENTS PUBLISHED BY MAJOR APPLICANTS, 2018–2022

5.15 KEY CONFERENCES AND EVENTS IN 2023

TABLE 12 SECURITY INKS MARKET: KEY CONFERENCES AND EVENTS

6 SECURITY INKS MARKET, BY TYPE (Page No. - 80)

6.1 INTRODUCTION

FIGURE 33 INVISIBLE INK TYPE HOLDS LARGEST SHARE OF SECURITY INKS MARKET

TABLE 13 SECURITY INKS MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 14 SECURITY INKS MARKET, BY TYPE, 2020–2027 (TON)

6.2 INVISIBLE

6.2.1 USED INCREASINGLY IN VARIOUS END-USER APPLICATIONS

TABLE 15 INVISIBLE: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 16 INVISIBLE: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

6.3 BIOMETRIC

6.3.1 HIGH LEVEL OF SECURITY AND ACCURACY IN THUMB IMPRESSIONS

TABLE 17 BIOMETRIC: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 18 BIOMETRIC: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

6.4 FLUORESCENT

6.4.1 UTILIZED FOR SECURE PRINTING ON POSTAL STAMPS AND MAIL IDENTIFICATION

TABLE 19 FLUORESCENT: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 20 FLUORESCENT: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

6.5 THERMOCHROMIC

6.5.1 USED FOR HIGH SECURITY OF DOCUMENTS

TABLE 21 THERMOCHROMIC: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 22 THERMOCHROMIC: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

6.6 OPTICALLY VARIABLE

6.6.1 IMPLEMENTED MAJORLY IN MODERN BANKNOTES AND OFFICIAL DOCUMENTS

TABLE 23 OPTICALLY VARIABLE: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 24 OPTICALLY VARIABLE: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

6.7 MAGNETIC

6.7.1 DEMAND FROM FINANCIAL INSTITUTIONS

TABLE 25 MAGNETIC: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 26 MAGNETIC: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

6.8 REACTIVE

6.8.1 UTILIZED IN DIGITAL TEXTILE PRINTING

TABLE 27 REACTIVE: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 28 REACTIVE: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

6.9 ERASABLE

6.9.1 APPLICATION IN CERTIFICATE AND PANTOGRAPH DESIGNS

TABLE 29 ERASABLE: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 30 ERASABLE: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

6.10 INFRARED

6.10.1 USEFUL IN HIGH-SECURITY APPLICATIONS

TABLE 31 INFRARED: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 32 INFRARED: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

6.11 OTHERS

TABLE 33 OTHERS: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 34 OTHERS: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

7 SECURITY INKS MARKET, BY PRINTING METHOD (Page No. - 93)

7.1 INTRODUCTION

FIGURE 34 OFFSET PRINTING METHOD TO DOMINATE DURING FORECAST PERIOD

TABLE 35 SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (USD MILLION)

TABLE 36 SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (TON)

7.2 OFFSET

7.2.1 OFFERS SUPERIOR PERFORMANCE AND MASS PRINTING

TABLE 37 OFFSET: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 38 OFFSET: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

7.3 INTAGLIO

7.3.1 PROVIDES EXCELLENT AND VARIOUS PRINTING EFFECTS

TABLE 39 INTAGLIO: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 40 INTAGLIO: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

7.4 FLEXOGRAPHIC

7.4.1 OFFERS RAPID AND HIGH-QUALITY PRINTING

TABLE 41 FLEXOGRAPHIC: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 42 FLEXOGRAPHIC: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

7.5 SILK SCREEN

7.5.1 OFFERS AFFORDABLE AND HIGH-QUALITY PRINTING

TABLE 43 SILK SCREEN: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 44 SILK SCREEN: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

7.6 LETTERPRESS

7.6.1 SLOW GROWTH DUE TO HIGH TIME TO SET PRESS

TABLE 45 LETTERPRESS: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 46 LETTERPRESS: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

7.7 OTHERS

TABLE 47 OTHERS: SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 48 OTHERS: SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

8 SECURITY INKS MARKET, BY APPLICATION (Page No. - 102)

8.1 INTRODUCTION

FIGURE 35 BANKNOTES TO LEAD SECURITY INKS MARKET DURING FORECAST PERIOD

TABLE 49 SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 50 SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (TON)

8.2 BANKNOTES

8.2.1 INCREASE IN SPENDING ON PRINTING BANKNOTES TO DRIVE MARKET

TABLE 51 SECURITY INKS MARKET IN BANKNOTES, BY REGION, 2020–2027 (USD MILLION)

TABLE 52 SECURITY INKS MARKET IN BANKNOTES, BY REGION 2020–2027 (TON)

8.3 TAX BANDEROLES

8.3.1 ECONOMIC GROWTH TO DRIVE DEMAND

TABLE 53 SECURITY INKS MARKET IN TAX BANDEROLES, BY REGION, 2020–2027 (USD MILLION)

TABLE 54 SECURITY INKS MARKET IN TAX BANDEROLES, BY REGION, 2020–2027 (TON)

8.4 SECURITY LABELS

8.4.1 BRAND VALUE PROTECTION FROM FAKE PRODUCTS TO DRIVE MARKET

TABLE 55 SECURITY INKS MARKET IN SECURITY LABELS, BY REGION, 2020–2027 (USD MILLION)

TABLE 56 SECURITY INKS MARKET IN SECURITY LABELS, BY REGION, 2020–2027 (TON)

8.5 OFFICIAL IDENTITY DOCUMENTS

8.5.1 PROTECTION AGAINST FRAUD AND IDENTITY THEFT TO INCREASE DEMAND

TABLE 57 SECURITY INKS MARKET IN OFFICIAL IDENTITY DOCUMENTS, BY REGION, 2020–2027 (USD MILLION)

TABLE 58 SECURITY INKS MARKET IN OFFICIAL IDENTITY DOCUMENTS, BY REGION, 2020–2027 (TON)

8.6 OFFICIAL/LEGAL GOVERNMENT DOCUMENTS

8.6.1 INCREASE IN AUTHENTICATION OF OFFICIAL/LEGAL GOVERNMENT DOCUMENTS TO BOOST MARKET

TABLE 59 SECURITY INKS MARKET IN OFFICIAL/LEGAL GOVERNMENT DOCUMENTS, BY REGION, 2020–2027 (USD MILLION)

TABLE 60 SECURITY INKS MARKET IN OFFICIAL/LEGAL GOVERNMENT DOCUMENTS, BY REGION, 2020–2027 (TON)

8.7 OTHERS

TABLE 61 SECURITY INKS MARKET IN OTHER APPLICATIONS, BY REGION, 2020–2027 (USD MILLION)

TABLE 62 SECURITY INKS MARKET IN OTHER APPLICATIONS, BY REGION, 2020–2027 (TON)

9 SECURITY INKS MARKET, BY REGION (Page No. - 111)

9.1 INTRODUCTION

9.1.1 GLOBAL RECESSION OVERVIEW

FIGURE 36 ASIA PACIFIC TO BE FASTEST-GROWING SECURITY INKS MARKET

TABLE 63 SECURITY INKS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 64 SECURITY INKS MARKET, BY REGION, 2020–2027 (TON)

9.2 ASIA PACIFIC

9.2.1 IMPACT OF RECESSION ON ASIA PACIFIC

FIGURE 37 ASIA PACIFIC: SECURITY INKS MARKET SNAPSHOT

TABLE 65 ASIA PACIFIC: SECURITY INKS MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 66 ASIA PACIFIC: SECURITY INKS MARKET, BY TYPE, 2020–2027 (TON)

TABLE 67 ASIA PACIFIC: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (USD MILLION)

TABLE 68 ASIA PACIFIC: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (TON)

TABLE 69 ASIA PACIFIC: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 70 ASIA PACIFIC: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (TON)

TABLE 71 ASIA PACIFIC: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 72 ASIA PACIFIC: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (TON)

9.2.2 CHINA

9.2.2.1 Presence of strong printing, packaging, and labeling industries to propel market

9.2.3 INDIA

9.2.3.1 Fastest-growing market in Asia Pacific

9.2.4 JAPAN

9.2.4.1 Growing tourism industry to drive demand for security paper in visas and passports

9.2.5 SOUTH KOREA

9.2.5.1 Increasing demand for banknotes to be market driver

9.2.6 REST OF ASIA PACIFIC

9.3 EUROPE

9.3.1 IMPACT OF RECESSION ON EUROPE

FIGURE 38 EUROPE: SECURITY INKS MARKET SNAPSHOT

TABLE 73 EUROPE: SECURITY INKS MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 74 EUROPE: SECURITY INKS MARKET, BY TYPE, 2020–2027 (TON)

TABLE 75 EUROPE: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (USD MILLION)

TABLE 76 EUROPE: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (TON)

TABLE 77 EUROPE: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 78 EUROPE: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (TON)

TABLE 79 EUROPE: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 80 EUROPE: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (TON)

9.3.2 GERMANY

9.3.2.1 Increasing use of digital printing technology to drive market

9.3.3 ITALY

9.3.3.1 Growth of tourism industry to support market

9.3.4 SPAIN

9.3.4.1 Banking sector to favor market growth

9.3.5 FRANCE

9.3.5.1 Increasing demand for secure and tamper-proof products to drive market

9.3.6 UK

9.3.6.1 Increase in frauds and counterfeiting to drive demand

9.3.7 REST OF EUROPE

9.4 NORTH AMERICA

9.4.1 IMPACT OF RECESSION ON NORTH AMERICA

FIGURE 39 NORTH AMERICA: SECURITY INKS MARKET SNAPSHOT

TABLE 81 NORTH AMERICA: SECURITY INKS MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 82 NORTH AMERICA: SECURITY INKS MARKET, BY TYPE, 2020–2027 (TON)

TABLE 83 NORTH AMERICA: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (USD MILLION)

TABLE 84 NORTH AMERICA: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (TON)

TABLE 85 NORTH AMERICA: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 86 NORTH AMERICA: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (TON)

TABLE 87 NORTH AMERICA: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 88 NORTH AMERICA: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (TON)

9.4.2 US

9.4.2.1 Largest market in North America

9.4.3 CANADA

9.4.3.1 Rise in counterfeit banknotes to boost demand for high-security features

9.4.4 MEXICO

9.4.4.1 Printing, circulation, and reprinting of banknotes to drive security paper demand

9.5 MIDDLE EAST & AFRICA

9.5.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA

FIGURE 40 MIDDLE EAST & AFRICA: SECURITY INKS MARKET SNAPSHOT

TABLE 89 MIDDLE EAST & AFRICA: SECURITY INKS MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 90 MIDDLE EAST & AFRICA: SECURITY INKS MARKET, BY TYPE, 2020–2027 (TON)

TABLE 91 MIDDLE EAST & AFRICA: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (USD MILLION)

TABLE 92 MIDDLE EAST & AFRICA: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (TON)

TABLE 93 MIDDLE EAST & AFRICA: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 94 MIDDLE EAST & AFRICA: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (TON)

TABLE 95 MIDDLE EAST & AFRICA: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 96 MIDDLE EAST & AFRICA: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (TON)

9.5.2 SAUDI ARABIA

9.5.2.1 Growing tourism industry to drive market

9.5.3 SOUTH AFRICA

9.5.3.1 Increasing cases of fraud and counterfeiting to augment demand

9.5.4 REST OF MIDDLE EAST & AFRICA

9.6 SOUTH AMERICA

9.6.1 IMPACT OF RECESSION ON SOUTH AMERICA

FIGURE 41 SOUTH AMERICA: SECURITY INKS MARKET SNAPSHOT

TABLE 97 SOUTH AMERICA: SECURITY INKS MARKET, BY TYPE, 2020–2027 (USD MILLION)

TABLE 98 SOUTH AMERICA: SECURITY INKS MARKET, BY TYPE, 2020–2027 (TON)

TABLE 99 SOUTH AMERICA: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (USD MILLION)

TABLE 100 SOUTH AMERICA: SECURITY INKS MARKET, BY PRINTING METHOD, 2020–2027 (TON)

TABLE 101 SOUTH AMERICA: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 102 SOUTH AMERICA: SECURITY INKS MARKET, BY APPLICATION, 2020–2027 (TON)

TABLE 103 SOUTH AMERICA: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 104 SOUTH AMERICA: SECURITY INKS MARKET, BY COUNTRY, 2020–2027 (TON)

9.6.2 BRAZIL

9.6.2.1 Dominant market in South America

9.6.3 REST OF SOUTH AMERICA

10 COMPETITIVE LANDSCAPE (Page No. - 147)

10.1 OVERVIEW

TABLE 105 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN SECURITY INKS MARKET (JANUARY 2018–DECEMBER 2022)

10.2 COMPANY EVALUATION QUADRANT MATRIX FOR TIER-1 PLAYERS, 2021

10.2.1 STARS

10.2.2 EMERGING LEADERS

10.2.3 PERVASIVE PLAYERS

10.2.4 PARTICIPANTS

FIGURE 42 SECURITY INKS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021

10.3 STRENGTH OF PRODUCT PORTFOLIO

FIGURE 43 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SECURITY INKS MARKET

10.4 COMPANY EVALUATION QUADRANT MATRIX FOR START-UPS/SMES, 2021

10.4.1 PROGRESSIVE COMPANIES

10.4.2 STARTING BLOCKS

10.4.3 RESPONSIVE COMPANIES

10.4.4 DYNAMIC COMPANIES

FIGURE 44 SECURITY INKS MARKET: COMPETITIVE LEADERSHIP MAPPING FOR START-UPS/SMES, 2020

10.5 MARKET RANKING ANALYSIS

FIGURE 45 RANKING OF KEY PLAYERS IN SECURITY INKS MARKET

10.6 COMPETITIVE BENCHMARKING

TABLE 106 SECURITY INKS MARKET: LIST OF KEY START-UPS/SMES

TABLE 107 SECURITY INKS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES

TABLE 108 SECURITY INKS MARKET: LIST OF KEY PLAYERS

10.7 COMPETITIVE SCENARIO

10.7.1 MARKET EVALUATION FRAMEWORK

TABLE 109 STRATEGIC DEVELOPMENTS, BY COMPANY

TABLE 110 HIGHEST ADOPTED STRATEGIES

TABLE 111 NUMBER OF GROWTH STRATEGIES ADOPTED BY KEY COMPANIES

10.7.2 MARKET EVALUATION MATRIX

TABLE 112 COMPANY APPLICATION FOOTPRINT

TABLE 113 COMPANY REGION FOOTPRINT

TABLE 114 COMPANY OVERALL FOOTPRINT

10.7.3 COMPETITIVE SITUATIONS AND TRENDS

TABLE 115 SECURITY INKS MARKET: DEALS, 2019–2022

TABLE 116 SECURITY INKS MARKET: OTHER DEVELOPMENTS, 2019–2022

11 COMPANY PROFILES (Page No. - 161)

(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *

11.1 KEY PLAYERS

11.1.1 SICPA HOLDING SA

TABLE 117 SICPA HOLDING SA: COMPANY OVERVIEW

TABLE 118 SICPA HOLDING SA: DEALS

TABLE 119 SICPA HOLDING SA: OTHER DEVELOPMENTS

11.1.2 DIC CORPORATION (SUN CHEMICAL)

TABLE 120 DIC CORPORATION (SUN CHEMICAL): COMPANY OVERVIEW

FIGURE 46 DIC CORPORATION (SUN CHEMICAL): COMPANY SNAPSHOT

TABLE 121 DIC CORPORATION (SUN CHEMICAL): DEALS

11.1.3 KAO COLLINS CORPORATION

TABLE 122 KAO COLLINS CORPORATION: COMPANY OVERVIEW

11.1.4 CHROMATIC TECHNOLOGIES INC.

TABLE 123 CHROMATIC TECHNOLOGIES INC.: COMPANY OVERVIEW

11.1.5 INK TEC INC.

TABLE 124 INK TEC INC.: COMPANY OVERVIEW

11.1.6 GLEITSMANN SECURITY INKS GMBH

TABLE 125 GLEITSMANN SECURITY INK GMBH: COMPANY OVERVIEW

11.1.7 CHROMA INKS USA

TABLE 126 CHROMA INKS USA: COMPANY OVERVIEW

11.1.8 SHRIRAM VERITECH SOLUTIONS PVT. LTD.

TABLE 127 SHRIRAM VERITECH SOLUTIONS PVT. LTD.: COMPANY OVERVIEW

11.1.9 FLINT GROUP

TABLE 128 FLINT GROUP: COMPANY OVERVIEW

11.1.10 FUJIFILM HOLDINGS AMERICA CORPORATION

TABLE 129 FUJIFILM HOLDINGS AMERICA CORPORATION: COMPANY OVERVIEW

FIGURE 47 FUJIFILM HOLDINGS AMERICA CORPORATION: COMPANY SNAPSHOT

TABLE 130 FUJIFILM HOLDINGS AMERICA CORPORATION: DEALS

11.2 OTHER PLAYERS

11.2.1 YIP’S CHEMICAL HOLDINGS LIMITED

TABLE 131 YIP’S CHEMICAL HOLDINGS LIMITED: COMPANY OVERVIEW

11.2.2 TOYO INK SC HOLDINGS CO., LTD.

TABLE 132 TOYO INK SC HOLDINGS CO., LTD.: COMPANY OVERVIEW

11.2.3 DAINICHISEIKA COLOR & CHEMICALS MFG. CO., LTD.

TABLE 133 DAINICHISEIKA COLOR & CHEMICALS MFG. CO., LTD.: COMPANY OVERVIEW

11.2.4 SIEGWERK DRUCKFARBEN AG & CO. KGAA

TABLE 134 SIEGWERK DRUCKFARBEN AG & CO. KGAA: COMPANY OVERVIEW

11.2.5 T&K TOKA CORPORATION

TABLE 135 T&K TOKA CORPORATION: COMPANY OVERVIEW

11.2.6 WIKOFF COLOR CORPORATION

TABLE 136 WIKOFF COLOR CORPORATION: COMPANY OVERVIEW

11.2.7 KAO CHIMIGRAF SI.

TABLE 137 KAO CHIMIGRAF SI.: COMPANY OVERVIEW

11.2.8 MARABU GMBH & CO. KG

TABLE 138 MARABU GMBH & CO. KG: COMPANY OVERVIEW

11.2.9 GANS INK & SUPPLY

TABLE 139 GANS INK & SUPPLY: COMPANY OVERVIEW

11.2.10 PETREL

TABLE 140 PETREL: COMPANY OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 195)

12.1 DISCUSSION GUIDE

12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

12.3 CUSTOMIZATION OPTIONS

12.4 RELATED REPORTS

12.5 AUTHOR DETAILS

The study involves four major activities in estimating the current market size of security inks. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and sub-segments of the overall market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to for identifying and collecting information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The security inks industry comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development in application areas, such as banknotes, tax banderoles, security labels, official identity documents, and others. The supply side is characterized by advancements in technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Security Inks Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the security inks market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

The key players in the market have been identified through extensive secondary research.
The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Security Inks Market Size: Bottom-up Approach

Security Inks Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

To analyze and forecast the security inks market size in terms of value and volume
To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing market growth
To define, describe, and forecast the market by type, printing method, application, and region
To forecast the market size with respect to five main regions, namely, Asia Pacific, the Middle East & Africa, Europe, North America, and South America
To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
To analyze competitive developments such as investments, expansions, new product developments, partnerships, collaborations, and mergers & acquisitions in the market
To strategically profile the key players and comprehensively analyze their market shares and core competencies2.

Note: 1. Micromarkets refer to further segments and subsegments of the security inks market included in the report.

2. Core competencies of companies were captured in terms of key developments and key strategies adopted by them to sustain their position in the market.