Increasing Need to Secure the Information Associated with Paper Documents is Expected to Drive the Demand for Security Inks in the Upcoming Years
Security Inks Market Summary
Security Inks Market is projected to register a CAGR of over 4% during the review period. The growth of the global security inks market is primarily driven by the increasing number of forgery and counterfeiting activities in the banking and financial sectors across the globe. The use of security inks in consumer packaging application for product identification throughout the supply chain is another major driver of the global market growth. The introduction of techniques such as a biometric identifier, embossing stamp, reversed out text, fluorescent serial number, and ink stamp to counter the forging activities is expected to fuel the demand for security inks during the review period.
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Segment Analysis
Based on type, the global market has been classified into invisible, biometric, fluorescent, thermochromic, optically variable, magnetic, reactive, erasable, infrared, and others. The invisible ink is the most widely used ink for cheque printing and ID documents. This is due to the low cost and availability of colors. On the contrary, optically variable ink is extremely expensive and is used in passport and currency printing.
On the basis of printing methods, the global market has been categorized into letterpress, offset, intaglio, flexographic, silk screen, and others. Among these, flexography is extensively used due to the advantages of fast drying speed, low cost, and versatility. However, the flexography method also offers certain disadvantages such as harmful effects on the environment and high cost of set-up.
By application, the global market has been segmented into banknotes, official identity documents, tax banderoles, security labels, consumer packaging, and others. The security labels segment is projected to register a significant CAGR due to the rising demand in the manufacturing of counterfeited products such as pharmaceuticals, electronics, and consumer goods.
Competitive Analysis
Some of the prominent players in the global security ink are SICPA HOLDING SA (Switzerland), Sun Chemical (US), Microtrace, LLC (US), Guangzhou Mingbo Anti-Forgery Technology Co., Ltd (China), The Cronite Company (US), Naigai Ink Mfg. Co., Ltd (Japan), Kao Collins Corporation (US), Chromatic Technologies Inc (US), Gleitsmann Security Inks GmbH (Germany), and Chroma Inks (US).
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End-Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Market Dynamics Of Global Security Inks Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6 Trends/Strategies
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