Security Inks Market worth $3.9 billion by 2027 Globally, at a CAGR of 4.1%, says MarketsandMarkets™

Friday, September 22, 2023 at 12:00pm UTC

Chicago, Sept. 22, 2023 (GLOBE NEWSWIRE) -- The Global Security Inks Market is projected to grow from USD 3.2 billion in 2022 to USD 3.9 billion by 2027, at a CAGR of 4.1% from 2022 to 2027. as per the recent study by MarketsandMarkets™. Security inks are used as an added security feature for the protection of printed documents, labels or packaging against fraudulent reproduction or counterfeiting. There are many different types of security inks used for this purpose depending on the application, environment, and required level of security.

Download PDF Brochure:

Browse In-Depth TOC On "Security Inks Market”

140 - Market Data Tables
47 - Figures
201 - Pages

List of Key Players in Security Inks Market:

  1. SICPA Holding SA (Switzerland)
  2. DIC Corporation (Sun Chemical) (Japan)
  3. Kao Collins Corporation (US)
  4. Chromatic Technologies Inc. (US)
  5. Ink Tec Inc. (US)

Drivers, Restraints, Opportunities and Challenges in Security Inks Market:

  1. Drivers: Need for security inks for consumer safety.
  2. Restraints: Growth in digitization.
  3. Opportunity: Increased identity theft.
  4. Challenges: Stringent environmental regulations in North American and European countries.

Get Sample Pages:

Key Findings of the Study:

  1. Security labels is the fastest growing application segment of the security inks market in the forecast period.
  2. Asia Pacific is expected to be the largest regional market during the forecast period.

Security labels is the fastest growing segment in the applications of security inks market for the forecast period between 2022 and 2027. Security labels are a type of packaging products that are like stickers and are attached to the overall packaging to safeguard the contents of the package and reassure customers that they have not been tampered with. Due to their numerous protective and instructional features, these labels also guard against product theft from warehouses or retail locations. Readers of these security labels supply specific details on each piece of content, including its origin and contents. In contrast, if a product is being stolen, the devices installed at the entry and exit gates of many retail establishments scan the item and determine if the labels were removed at the cash register or not.

Get 10% Customization on this Report:

Asia Pacific is the largest security inks market. This dominance is attributed to the presence of rapidly growing major economies. The demand for security inks is growing, especially in the Asia Pacific region. The market in the region is expected to witness a high growth rate in comparison to other regions. The demand is attributed to the rise in business, import-export, and new industry setups. Banknotes are the fastest-growing end-use applications in the security inks market.

North America is the second-largest market for security inks market mainly because the region is among the early adopters of different printing techniques in various manufacturing processes. This growth can be attributed to the increased spending on legal services such as documentation, litigation, and licensing. This factor, in turn, has boosted the market for legal documents in the region. The increasing instances of purchasing legal services are due to the growing awareness of consumers about legal thefts.

Browse Adjacent Markets Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting

Related Reports:

  1. Yoga and Exercise Mats Market
  2. Aluminum Casting Market
  3. Chillers Market
  4. Flavors & Fragrances Market
  5. Ethylene Carbonate Market

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

Primary Logo