Covid-19 has accelerated the transition towards a digital economy across much of the world, hastening the replacement of physical security documents with electronic alternatives. While the pandemic has increased consumer interest in contactless payment solutions, more people have also been inclined to hoard banknotes amidst the economic uncertainty.
This report examines the current and future global demand for security printing for the period 2016-2026, segmented by technology component, end-use and region. It looks at the changes wrought by Covid-19 and how these have affected the demand for security printing, as well as the new technologies and end-user demands that will transform the security print value chain.
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What will you discover?
- Market value size and forecasts by world region, security technology type and end-use sector
- Detailed discussion of changing payment methods and postpandemic consumer behaviours
- Review of the ongoing transition towards digital economies and global trade patterns
- Analysis of how technological advances are shaping the industry.
The Smithers Methodology
- The global security market was estimated to be worth $29.89 billion in 2021, having recovered from a drop of almost 4% the previous year
- The market is forecast to increase at a CAGR of 3.2% to reach more than $35 billion by 2026
- Biometrics are becoming more apparent, due to advances in technologies such as facial, iris and even behavioural recognition
- The huge growth of the e-commerce industry in 2020 has increased demand for brand protection solutions, since many counterfeit goods are sold via these channels
- Consumer concerns over data privacy remain an ongoing challenge for security printing firms
- Covid-19 has driven changes in the way travel and event tickets are perceived, with digital solutions seen as a mechanism for reducing the number of physical contact points.
The Future of Global Security Printing to 2026 is based on a new and exclusive assessment of how the market has developed since 2016 and likely directions for the period leading up to 2026. Market estimates are based on primary and secondary data gathered during Smithers’ extensive research programme. Primary research included interviews and feedback from leading brand owners, as well as suppliers of the various technologies used for security printing purposes. Secondary research included production data and trends in key end-use markets and statistics from various government and industry association websites. The latest figures take account of how Covid-19 has affected the global printing industry and accelerated the trend towards e-commerce and digital identities.
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About the author
- Suppliers of security components, inks and substrates
- High security printers
- Converters and technology integrators
- Coding and marketing print suppliers
- State printing works
- Public and private sector issuance organisations
- Industry consultants and analysts.
Jonathan Thomas has worked in the market research and information field for almost 30 years. Jonathan has worked for Key Note and Leatherhead Food Research, and as a freelance consultant has worked with Smithers since 2016. During that time, he has researched and authored reports covering various sectors of the global packaging industry, as well as preparing white papers and presentations