Security Inks Market Size Worth $5.11 Billion By 2032 | CAGR: 4.3%

Security Inks Market Size Worth $5.11 Billion By 2032 | CAGR: 4.3%

The global security inks market size is expected to reach USD 5.11 billion by 2032, according to a new study by Polaris Market Research. The report “Security Inks Market Share, Size, Trends, Industry Analysis Report, By Product Type (Intaglio, Silkscreen, Letterpress, Offset, and Others); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Security inks sector has recently marked an upsurge worldwide with several technologies. A large number of companies are leveraging the benefits of the market for monetization. For example, in September 2022, the AIPIA and UbiQD, expanded their partnership in the anti-counterfeit of the security inks based on the quantum dot technology. As a result, competitiveness among the market players is heightening the market's revenue. Similarly, in January 2023, Videojet Technologies introduced patent-pending continuous inkjet inks, V4264 & V464. These non-MEK black inks require less preparation than comparable inks based on MEK and offer greater adhesion to the food packaging.

With rising incidence of forgery and counterfeiting in the banking and finance industries, where there is a constant flow of private and secret information, the security ink market has experienced substantial growth. Also, the leading participants in the security ink market have a sizable window of opportunity due to rising money flow brought on by cultivating economic conditions, high disposable income, and rising consumer concern regarding the validity of legal documents. However, the high availability of diverse printing techniques suited to several applications is another prime driving factor for the market's growth.

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Growing adoption of security ink across banknote applications is usefully augmenting the market’s growth. To prevent counterfeiting, several types of security inks, such as magnetic ink, ultraviolet ink, and others, can be used in banknotes, each with its own unique features. For example, in March 2022, the governor of India inaugurated an ink manufacturing unit named Varnika, which can manufacture nearly 1,500 metric tons of specialized ink that improves the security features of banknotes. Not only private businesses but also the governments of various countries are contributing to enhancing the demand for security inks. This factor is flourishing market expansion globally and is poised to generate pockets of opportunity in the upcoming years.

Security Inks Market Report Highlights

  • Intaglio segment is expected to grow at fastest CAGR during the forecast period primarily due to high adoption in most security papers like visas, currencies, and other globally.
  • Security labels segment is dominating the global market in the fiscal year 2022. This is attributed to its noteworthy benefits such as advanced security, versatility, and high awareness
  • Asia Pacific is expected to held the largest share over the forecast period due to huge government support, growing need for security inks in the region, and rapidly expanding commercial sector
  • The global security inks market involves Chroma Inks, Chromatic Technologies, Ink Tec Inc., Gans Ink and Supply, Kao Collins Corporation, Microtrace, Naigai Ink Mfg., SICPA HOLDING, Sun Chemical, and  Cronite Company

Polaris Market Research has segmented the Security Inks market report based on product type, application, and region:

Security Inks, Product Type Outlook (Revenue - USD Billion, 2019-2032)

  • Intaglio
  • Silkscreen
  • Letterpress
  • Offset
  • Others

Security Inks, Application Outlook (Revenue - USD Billion, 2019-2032)

  • Banknotes
  • Official Identity Documents
  • Tax Banderoles
  • Security Labels
  • Others

Security Inks, Regional Outlook (Revenue - USD Billion, 2019-2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa