Skip to main content

Security Printing Market: Recent Industry Developments And Growth Strategies Adopted By Players

Security printing consists of product authentication, identity cards, banknotes, passports, and stock certificates. Companies, institutes, and government organizations secure their valuable and vital documents such as transcripts, coupons, and prescription pads by adding few features with the help of security printing so as to cut down the overall cost. Security printing is performed to avoid any kind of forgery, counterfeiting, and tampering of important documents. Security printing consists of watermarks, special paper, micro printing, intaglio printing, anti-copying market, serial numbers, magnetic links, security threads, and holograms. Depending upon the type of end use application, the global market for security printing can be segmented into brand protection, persona ID, tickets, and financial among others. Inks, coatings, and substrates are projected to be the biggest product segments in the global market for security printing and this trend is projected to remain constant over the course of the given forecast period of 2015 to 2023.
One of the key driving factors for the growth of the global market for security printing is the implementation of strict standards and regulations across the globe. Security printing along with law enforcement can aid in avoiding counterfeiters and identify forgeries which would subsequently help in cutting down frauds. In addition to this, the need for brand protection is expected to provide a significant thrust to the overall development of the global market for security printing. Brand names are big targets for the product counterfeiters. These counterfeit copies duplicate the brand name and use their status to sell their fraud products. This results in huge amount of losses for the company and also leads to tarnishing the stature of the brands. Security printing is projected to offer considerable help in preserving the brand name and thus, is expected to be taken up majority brands thus, driving the market growth.
Security printing includes printing of banknotes, product authentication, postage stamps, identity cards, stock certificates and passports. Companies, government organizations and institutes protect their valuable documents such as coupons, prescription pads and transcripts with by incorporating few features of the security printing in order to reduce the cost. Security printing is done to avoid tempering, counterfeiting and forgery. Security printing includes special paper, watermarks, intaglio printing, micro-printing, holograms, security threads, magnetic inks, anti-copying marks and serial numbers. Based on end-use applications, security printing market can be segmented as financial, tickets, brand protection, personal ID and others. Substrates, coatings and inks are expected to be largest product segment in the global security printing market and this trend is expected to remain same in the next few years.
Imposing stringent regulations and standards across the world is expected to be a driving factor for security printing market. Security printing and law enforcement can help in preventing counterfeiters and detect forgeries which would eventually reduce frauds.  Furthermore, need of brand protection is anticipated to boost the market growth. Brand names are major target for the product pirates. These product pirates copy brand name and status which would cost companies huge losses and reputation dilution. Additionally, rising counterfeiting is anticipated to boost the market growth for security printing. Counterfeiting is increasing at an alarming rate that include petty criminals, invading supply chains with altered packaging and good, illegal copy of tax stamps and producing fake documents and bank notes. This is affecting the society in all the regions globally and the issue of counterfeiting needs to address. Furthermore, increasing awareness about all the frauds in consumer groups is anticipated to drive the demand for security printing.
Related Posts –




Visit Our News Blog - https://factsntrends.com

Comments

Post a Comment

Popular posts from this blog

Telecommunication Services Market Size will Escalate Rapidly in the Near Future

The global telecommunication services market is prophesied to lay its hands on a substantial growth due to the need of telecom operators to optimize their business processes. There is a rising pressure on telecom operators to grow in the current market and operate profitably owing to the industry’s increasing competition. New service launches and continuous mergers and acquisitions in the market are expected to further intensify the level of competition in the industry. Thus, competence needs and financial pressure could be among the top growth factors of the market. Anticipated to expand at a CAGR of 6.6% between 2017 and 2025, the global telecommunication services market could obtain a valuation of US$1.4 bn by the concluding forecast year. In 2016, it exhibited its prominence while securing a US$0.8 bn valuation. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=38324 End-use vertical and package type are the ...
Post a Comment
Read more

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more

Automotive EGR Gas Temperature Sensor Market Anticipated To Surge With An Impressive CAGR Of 2025

In an IC engine, EGR (exhaust gas recirculation) gas temperature sensors are used to measure the temperature of the exhaust system. EGR is a technique that is utilized to reduce the nitrogen oxide emissions in petrol/diesel engines. Exhaust gases are reintroduced into the engine combustion chamber to cool the combustion flame. Some vehicles employ an EGR temperature sensor to determine EGR operation. This information is used by the powertrain control module (PCM) to regulate the EGR operation. EGR gas temperature sensor is located in front of the Diesel Oxidation Catalyst (DOC) and in front of the Diesel Particulate Filter (DPF). It detects the exhaust gas temperature and converts it into a voltage and transmits this signal to the engine ECU in order to control engine conditions to effectively reduce emission. EGR bypass valve function diagnostic as well as thermal protection. Gas temperature sensors are employed in various applications such as petrochemicals, automotive s...
Post a Comment
Read more