SkyQuest Technology Consulting Pvt. Ltd. forecasts a promising future for the global security printing market. With a projected reach of USD 5.46 billion by 2030 and a CAGR of 3.10% in the forecast period (2023−2030), the market is expected to experience significant growth. This is driven by the increasing concerns about counterfeiting and fraud, the need for secure identification documents and currency, advancements in printing technologies, and stringent government regulations and standards for secure printing.
The adoption of blockchain technology for document authentication and traceability, covert security features, and digital watermarking techniques are also trends contributing to the market’s growth. Additionally, the market is being fueled by the increasing demand for secure printed packaging in the pharmaceutical and consumer goods industries.
Governments are a leading segment in terms of application due to their professional expertise in issuing and regulating national currencies, investing heavily in security printing technologies. North America is a dominant region in the market, with high demand for secure currency printing and advancements in technology.
Key players in the market include De La Rue, Giesecke+Devrient, Oberthur Technologies, Crane Currency, Innovia Security, Paragon ID, Hologram Industries, Avery Dennison, CCL Industries, Brady Corporation, and more.
The market report also highlights key developments, such as acquisitions and mergers within the industry, including Nova Metrix LLC’s acquisition of Vallen Systeme and Hottinger Baldwin Messtechnik GmbH’s acquisition of Digitexx Data Systems, Inc.
SkyQuest Technology Consulting Pvt. Ltd. is a leading growth consulting firm providing market intelligence, commercialization, and technology services. With over 450 clients globally, SkyQuest is at the forefront of market analysis and forecasting.
For more information and in-depth insights into the Security Printing market, visit SkyQuest’s website.
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