SecurityWorldMarket

19/03/2023

Security inks sector sees a marked increase

Northbrook, Il (USA)

The latest report from Marketsandmarkets on the Security inks market looks at this sector by type, such as invisible, biometric, fluorescent and thermochromic), the printing methods used and applications such as, banknotes, tax banderoles, and security labels.  The research shows that this market is projected to reach USD 3.9 billion by 2027, at a CAGR of 4.1% from USD 3.2 billion in 2022.

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.

Security labels offer most growth

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.

Asia Pacific largest regional market

Asia Pacific is the largest regional security inks market, and the analysts attribute this dominance to the presence of major rapidly growing economies in the area. The demand for security inks is growing, especially in the Asia Pacific region. The market in this region is expected to witness a higher growth rate in comparison to other regions, and the demand is down to an identified rise in business, import-export, and new industry setups. Again, in this region, it is the security labels end-use application that has been identified as the strongest growth area in the security inks market.

Market players

The key market players profiled in the report include SICPA Holding SA, DIC Corporation, Kao Collins Corporation, Chromatic Technologies Inc, and Ink Tec Inc, among others.


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