Security Printing Market 2019 Industry Trend and Forecast 2027 Shubham Jamdade
• April 09, 2021
Security Printing Market: An Overview
Increased cases of forgery and counterfeiting practices are anticipated to drive the
security printing market over the forecast period. Counterfeiting practices are particularly prevalent in bank notes, passports, postage stamps, identity cards, stock certificates, and contraband. Security printing helps in prevention of tampering and forgery of the instruments mentioned above.
The key end market verticals in security printing market includes Banking, Financial Services and Insurance (BFSI), Supply Chain Industry and Legal authorities (Government bodies) responsible for issuing passport, legal stamps, driving license, personal unique ID birth and death certificates,. With an increase cases of deception and counterfeiting, it will lead to the demand for security printing across its various applications.
Major Key Players of the Security Printing Market are:
Madras Security Printers Private Ltd., Giesecke & Devrient, 3M, Simpson Security Papers, Inc, SPM - Security Paper Mill, HGT, Troy Group Inc., and Luminescence International Ltd
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Security Printing Market: Dynamics
Growth in demand for the security printing paper market is expected to rise due to many reasons:
- With rise in crime, financial instruments should be issued through secure printing.
- Developed countries would increase the usage of hybrid security printing papers to ensure their legal and financial documents are secured. Counterfeiting is expected to increase at an astonishing rate, which includes minor criminals producing illegal copies of tax stamps, forged documents, bank notes, and invading supply chains with