Security Inks Market Summary
Security Inks Market is expected to register a CAGR of over 4% during the forecast period.
The Asia-Pacific market is expected to exhibit the highest CAGR of over 5.5% during the forecast period owing to the high production and sale of electronics, consumer goods, and pharmaceuticals. The increasing tourism activities are projected to fuel the demand for security inks used in passports and visas.
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Regional Analysis:
The global security inks market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific is expected to be the fastest growing regional market due to the high demand for security labels in the electronics, consumer goods, and pharmaceuticals industries. The decreasing rate of unemployment coupled with rising disposable income has resulted in increased production and sale of consumer goods, electronics, and others. The demonetization occurred in 2016 in India resulted in high usage of security inks for printing of new currency notes.
Moreover, the implementation of various regulations regarding personal identity and UID such as Aadhar Card in India are also positively influencing the growth of the security inks market in the region.
North America is projected to witness significant demand for security inks during the review period. This is due to the growing awareness pertaining to document security and high instances of forgery and counterfeiting. The high standards of living of the consumers in the region drive the sales of wireless electronics and consumer goods, which in turn drives the demand for security inks.
The European market is expected to register a significant CAGR during the forecast period on account of the demand for security inks in the various applications such as tracking of consumer goods and electronics. Additionally, the pharmaceuticals base in the region is large, which may propel the demand for security inks during the review period.
The Latin American and the Middle East and African regional markets are expected to witness moderate demand for the product. However, the demand for security inks is expected to rise due to the expansion of production bases of major players from the US and Germany in these untapped regions.
Segmentation:
The global security inks market has been segmented by type, printing method, and application.
Based on type, the global market has been divided into invisible, biometric, fluorescent, thermochromic, optically variable, magnetic, reactive, erasable, infrared, and others.
By printing method, the global market has been classified into letterpress, offset, intaglio, flexographic, silk screen, and others.
On the basis of application, the global market has been segregated into banknotes, official identity documents, tax banderoles, security labels, consumer packaging, and others.
Key Players
Some of the key players in the global security inks are SICPA HOLDING SA (Switzerland), Sun Chemical (US), Microtrace, LLC (US), Kao Collins Corporation (US), Chromatic Technologies Inc (US), Gleitsmann Security Ink GmbH (Germany), Chroma Inks (US), The Cronite Company (US), Naigai Ink Mfg. Co., Ltd (Japan), and Guangzhou Mingbo Anti-Forgery Technology Co., Ltd (China).
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
LIST OF TABLES
Table 1 Global Security Inks Market, by Region, 2016–2024
Table 2 North America: Security Inks Market, by Country, 2016–2024
Table 3 Europe: Security Inks Market, by Country, 2016–2024
Table 4 Asia-Pacific: Security Inks Market, by Country, 2016–2024
Table 5 Middle East & Africa: Security Inks Market, by Country, 2016–2024
Table 6 Latin America: Security Inks Market, by Country, 2016–2024
Table 7 Global Security Inks Type Market, by Region, 2016–2024
Table 8 North America: Security Inks Type Market, by Country, 2016–2024
Table 9 Europe: Security Inks Type Market, by Country, 2016–2024
Table10 Asia-Pacific: Security Inks Type Market, by Country, 2016–2024
Table11 Middle East & Africa: Security Inks Type Market, by Country, 2016–2024
Table12 Latin America: Security Inks Type Market, by Country, 2016–2024
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