Security Ink Market Size and
Growth Rate:
The Global Security Ink Market Size was valued at USD 620 million
in 2017 and expected to reach USD 860 million by 2025 growing at a CAGR of 4.2%
during the forecast period 2018 to 2025.
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Security Ink
Market Overview:
The global
Security Ink Market is projected to display a robust increase in the next
couple of years, owing to the rise in the applications and expansion of the
scope across the globe. Security ink is a type of ink that is extensively
implemented to safeguard and verify crucial documents.
The worldwide
factor driving the growth of the global security ink market is increasing
occurrences of forgery and counterfeiting practices. Counterfeiting practices
are proliferating in identity cards, postage stamps, banknotes, stock
certificates, passports, and product authentication. Security ink printing
helps in prevention of meddling and falsification, leading to the protection of
information or access, which in turn is projected to drive the growth of the
global market.
Security Ink
Market Growth Drivers and Restraints:
Growth of banking
and financial sector across the globe is also increasing the demand for security
inks, thereby supporting the growth of the market. Banking sector hugely
demands security printing for protecting documents, controlling authenticity,
maintaining the originality of documents, defending credibility, etc.
Furthermore, increasing corporate fraudulent activities have also resulted in
the adoption of security measures by various companies. One of the primary
measures is security printing, where security ink forms a quintessential part,
which in turn is driving the growth of the global market.
Security ink can
itself be counterfeited and can be passed on as original or official document.
Such intimidations could be the cause of massive damage in the related
organizations. Therefore, alternative approaches, other than the use of
security or invisible inks could be more preferred, which restricts adoption of
security ink, and in turn, could affect demand and hamper the growth of the world
market to a certain extent.
Security Ink
Market Geographical Segmentation:
Geographically,
the security ink market is experiencing robust growth in the North American
region and at the same time accounting for the largest share in terms of
revenue. The major factors that can be attributed to this regional market
growth may include the existence of a wide range of manufacturing units, rise
in the adoption rates, and mounting investments by the leading companies.
The United States
has been recognized as the major contributor in market growth. On the other
hand, Europe is also gradually displaying a huge growth and is likely to expand
in the forthcoming years. As far as the growth in the Asia Pacific region is
concerned, it is mounting due to the rules and norms implemented by numerous
countries.
Keyplayers of Security
Ink Market:
Some of the key
players operating in the security ink market cover Villager Security Solutions
AG, Letong Ink, Hologramas de Mexico, Luminescence, Gleitsmann Security Inks,
Kao Collins Inc., Ink Tec Inc., and Sun Chemical.
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