Security Printing Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The security printing market share is expected to increase to USD 5.45 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.5%.

The report extensively covers security printing market segmentation by the following

• End-user - Banking and financial sector, government sector, and others
• Geography - APAC, North America, Europe, Middle East and Africa, and South America 

The security printing market report offers information on several market vendors, including A1 Security Print Ltd., ANY Security Printing Plc, Authentix Inc., China Banknote Printing and Minting Corp., De La Rue Plc, Donggang Co.Ltd., DREWSEN SPEZIALPAPIERE GmbH & Co. KG, ELTRONIS UK Ltd., FNMT-RCM, Giesecke + Devrient GmbH, Integrity Print Ltd., Joint Stock Company Goznak, Madras Security Printers Pvt. Ltd., Orell Füssli Ltd., Oriental Holding Group, RAINBOW PRINTING LTD., Schwarz Druck GmbH, Security Papers Ltd., Security Printing & Minting Corporation of India Ltd., and Simpson Security Papers Inc. among others.

This security printing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Security Printing Market Size be During the Forecast Period?

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Security Printing Market: Key Drivers, Trends, and Challenges

The increased focus of countries to outsource the printing of currencies is notably driving the security printing market growth, although factors such as transition toward a cashless economy may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the security printing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Security Printing Market Driver

One of the key factors driving the global security printing market growth is the increased focus of countries to outsource the printing of currencies. This is financially viable for smaller countries such as Macedonia and Botswana and the Solomon Islands. For instance, the Solomon Islands has a population of 600,000, and it outsources its currency printing to De La Rue Plc. Macedonia and Botswana also outsource their banknote printing to one of the British companies. In addition, the rise of mobile payments and electronic payments in recent years have significantly reduced the demand for their local currencies, thus resulting in commercial printers with additional production capacity. For instance, the demand for printing yuan notes in China has declined; hence, China Banknote Printing and Minting Corp., the world's largest money printer, undertakes currency production projects for various countries such as Thailand, Bangladesh, Brazil, and others. Such factors will be driving the market growth during the forecast period.

Key Security Printing Market Trend

One of the key security printing market trends fueling the market growth is the use of durable solutions for printing currencies. Central banks are moving toward the use of more durable solutions, such as pure polymer substrates, paper/polymer composites, and superior varnishes and coatings, instead of paper notes. This will ensure the long life of currencies and recirculation for a longer period. In addition, the currencies printed on the polymer substrate have advanced security features, such as a see-through window, a quill, and a serialized number, which is difficult to be forged. For instance, Australia's central bank subsidiary will deliver the first set of 1,000 [polymer] notes in April 2022. There are about 57 countries that have used polymer for their banknotes as of March 2021, including Canada, Australia, New Zealand, Malaysia, Vietnam, Mexico, and Fiji. 

Key Security Printing Market Challenge

One of the key challenges to the global security printing market growth is the transition toward a cashless economy. Consumers are using debit cards, credit cards, and smart cards that do not require any physical contact. Radio-frequency identification (RFID) technology or near-field communication (NFC) have made it possible. In addition, there has been an establishment of various smartphone mobile applications, tools, and platforms like Paytm, Google Pay, and PhonePe. The global non-cash transactions are expected to increase 18.6% during the forecast period. The evolution of Unified Payment Interface (UPI) has led to interoperability between pre-paid instrument (PPI) players, which facilitates easy digital payments and eliminates the need to possess the same wallet platform. Such factors are expected to negatively impact the market growth in the coming years.

This security printing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global security printing market as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the security printing market during the forecast period.

Who are the Major Security Printing Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• A1 Security Print Ltd.
• ANY Security Printing Plc
• Authentix Inc.
• China Banknote Printing and Minting Corp.
• De La Rue Plc
• Donggang Co.Ltd.
• DREWSEN SPEZIALPAPIERE GmbH & Co. KG
• ELTRONIS UK Ltd.
• FNMT-RCM
• Giesecke + Devrient GmbH
• Integrity Print Ltd.
• Joint Stock Company Goznak
• Madras Security Printers Pvt. Ltd.
• Orell Füssli Ltd.
• Oriental Holding Group
• RAINBOW PRINTING LTD.
• Schwarz Druck GmbH
• Security Papers Ltd.
• Security Printing & Minting Corporation of India Ltd.
• Simpson Security Papers Inc.

 

This statistical study of the security printing market encompasses successful business strategies deployed by the key vendors. The security printing market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market.

Product Insights and News

• ANY Security Printing Plc is a public company headquartered in Hungary. It is a global company generating USD 116.05 million in revenues and limited information regarding its employee strength is available. Its revenue from the global security printing market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
• The company offers security printing that includes documents security solutions, tax stamps, securities, paper-based documents, security inks, and many more, under the brand name of ANY Security Printing Plc.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The security printing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Security Printing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the security printing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Security Printing Market?

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49% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for security printing in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the population will boost the demand for documents such as ID cards, passports, and bank documents, which will facilitate the security printing market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 impacted the regional market negatively. The demand for banknotes declined due to the restrictions and lockdowns imposed by most countries in the region, leading to the temporary closure of retail chains, casinos, and many commercial businesses. However, with control in the spread of the pandemic, coupled with the removal of lockdown restrictions, the market in the region is expected to recover during the forecast period. 

What are the Revenue-generating End-user Segments in the Security Printing Market?

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The security printing market share growth by the banking and financial sector segment will be significant during the forecast period. The growth is attributed to the high demand for cash owing to the significant increase in population and automated teller machines (ATMs). For instance, in India, greater public demand for cash and contraction in GDP has led to a significant increase in currency circulation in 2020-21. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the security printing market size and actionable market insights on post COVID-19 impact on each segment.

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Security Printing Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.5%
Market growth 2022-2026	$ 5.45 billion
Market structure	Fragmented
YoY growth (%)	3.5
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 49%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	A1 Security Print Ltd., ANY Security Printing Plc, Authentix Inc., China Banknote Printing and Minting Corp., De La Rue Plc, Donggang Co.Ltd., DREWSEN SPEZIALPAPIERE GmbH & Co. KG, ELTRONIS UK Ltd., FNMT-RCM, Giesecke + Devrient GmbH, Integrity Print Ltd., Joint Stock Company Goznak, Madras Security Printers Pvt. Ltd., Orell Füssli Ltd., Oriental Holding Group, RAINBOW PRINTING LTD., Schwarz Druck GmbH, Security Papers Ltd., Security Printing & Minting Corporation of India Ltd., and Simpson Security Papers Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Security Printing Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive security printing market growth during the next five years
• Precise estimation of the security printing market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the security printing industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of security printing market vendors

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