The global security printing market has seen an average annual growth of 2% over the last five years to reach over $30 billion in 2022
The market is forecast to see an annual average growth of nearly 3% to 2028, when the market will stand at $36 billion.
This report provides insight into the key drivers and trends behind the security print market, and historical and forecast data across security technology, geographic markets and end use markets. It analyses all of the leading questions in the security print market, covering use of cash and polymer vs paper banknotes. As the market develops across the next five years, there will be a shift both in end-user demands and commercial technology that result in different prognoses in each major end-use segment - banknotes, personal ID, stamps, payment cards, and brand protection packaging. These contrasting outlooks highlight the opportunity for companies across security print supply chains to diversify, securing new revenue in an increasingly interconnected world.
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Biometric data and digital credentials are increasingly common for all types of ID, impelling security print companies to innovative and adopt service businesses models
Banknotes was the largest end-use sector for security printing in 2022 and although digital payments are replacing cash payments in some parts of the world, cash is still widely used globally. There is a growing number of countries adopting polymer banknotes with longer life expectancy than the paper notes they are replacing.
What will you discover?
The growth in e-commerce has highlighted the need for brand owners to increase their anti-counterfeiting security measures on packaging
The global increase in counterfeiting has driven a rapid growth in additional security measures for brand protection and tax stamps
The effects upon the security printing industry from the pandemic, as well as the increased use of digital payments and identity documents.
Who should buy the report?
Suppliers of security components, inks and substrates
High security printers and print suppliers
Converters and technology integrators
State printing works
Public and private sector issuance organisations
The Smithers methodology
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with material suppliers, converters and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
About the author
Keith Jacques is a consultant with Smithers, specialising in market research projects covering security printing, graphics and packaging print, and raw materials industries. This is backed up by over 40 years' industry experience in both technical and business development roles.
Table of Contents
Executive summary
Introduction & methodology
Introduction
Report scope
Report objectives
Methodology
Definitions
Abbreviations
Key drivers and trends
Introduction
Impacts of global events
Post-pandemic impacts
The war in Ukraine
Cash versus other forms of payment
Financial crime
Polymer banknotes
Trends in digital currencies
Trends in electronic, digital & mobile IDs
Change from phygital to virtual
Identity theft & document fraud
Automation of borders
Diversification of physical print to digital platforms
Blockchain
Secure QR codes
Regulatory developments
Tobacco
Pharmaceuticals
Global initiatives in tax stamps
Security technology markets and forecasts
Overview
DOVIDs
Substrates
Inks
Taggants
Watermarking
Threads
Biometrics
RFID & coding
Print process
End-user markets and forecasts
Overview
Banknotes
Payment cards
Cheques
Personal ID
Ticketing
Brand protection
Stamps
Geographic markets and Forecasts
Overview
Western Europe
France
Germany
Italy
UK
Other Western Europe
Eastern Europe
North America
Canada
USA
South and Central America
Asia
China
India
Japan
Other Asia-Pacific
Middle East
Africa
Australasia
Tables
Security printing technology transition, 2023-28
Economic growth by region and country (%), 2018-28
Preferred payment methods for e-commerce/online transactions in selected countries
Selected border control automation efforts worldwide
US identity theft complaints, 2016-20
Global security printing market by technology ($ million), 2023-28
Substrates: Security printing market by end-use sector ($ million), 2018-28
Substrates: Security printing market by region ($ million), 2018-28
DOVIDs and holograms: Security printing market by end-use sector ($ million), 2018-28
DOVIDs and holograms: Security printing market by region ($ million), 2018-28