In today’s world, fraud and counterfeiting have become uncontrolled, and ensuring the accuracy of various products and critical documents is of utmost importance. Security inks, which employ advanced technologies to prevent counterfeiters and fight against fraudulent activities, are essential for safeguarding these valuable items. This blog explores the security inks’ characteristics, applications, and security inks market environment.
Security inks are used as an additional security feature to secure the integrity of items such as documents, certificates, passports, checks, labels, and identity cards against fraudulent duplication or counterfeiting. There are numerous different types of security inks used for this purpose depending on the application, environment, and needed level of security.
Manufacturers and consumers can confidently protect themselves from piracy or product tampering using security inks. The use of our security inks on official travel papers, money, and tax stamps or labels by governments can help them combat fraud and counterfeiting. Our inks offer a variety of applications and various security characteristics.
The global security inks market was valued at USD 3.37 billion in 2022 and is expected to reach USD 5.11 billion with a CAGR of 4.3% during the forecast period.
The market is majorly driven by factors such as the rising development of new technologies and advancements to serve the increasing demand for safe and feasible solutions. Increased use of digital technologies, sustainability, personalization, multifunctional ink, and nanotechnologies are some of the most recent security inks market trends driving its potential. For instance, in May 2021, HP Inc. introduced HP Indigo Secure, a collection of ground-breaking security. Security printers and print service suppliers can better protect their clients from counterfeiters.
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Asia Pacific is estimated to hold the major security ink market share throughout the forecast period. This growth expansion can be attributed to the escalating cases of fraud and counterfeiting. The rising growth of e-commerce is another crucial factor responsible for increasing incidences of counterfeiting cases in the region. Therefore, the rise of e-commerce has led to an increase in the demand for security ink to fight against counterfeiting and fraud.
To Sum Up
Security inks play a key role in safeguarding the integrity of currency, documents, products, and labels. Counterfeiting is a rising problem in many sectors, including pharmaceuticals, electronics, and luxury goods. Improved authentication and security against counterfeiting have become a top priority across various industries. With the rise in technological developments of counterfeiting methods, the demand for security ink is expected to surge, which is likely to enhance the security inks market growth. In November 2022, International Paper established the newest technology OHMEGA Conductive Ink + Touchcode that adds a new level of trademark protection to the packaging sector.
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