- 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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What will you discover?
- 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.
Who should buy the report?
- 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.
The Smithers methodology
- 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
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.