Security Inks Market Research Report - Forecast till 2030

Security Inks Market by Type (Invisible, Biometric and Fluorescent), Printing Method (Letterpress, Offset and Intaglio), Application (Banknotes, Official Identity Documents, Tax Banderoles and Consumer Packaging) and Region - Forecast till 2030

ID: MRFR/CnM/6386-HCR | February 2021 | Region: Global | 140 pages

Security Inks Market Overview


The Security Inks Market has aimed to meet the security inks market size of USD 0.7 billion for the year 2019. Further, it is predicted to register 4.1% of the CAGR for the forecast period of 2030. Security ink is a very important part of anti-counterfeit technology. For that, it is also called anti-counterfeit printing ink. Security inks are extensively used for the security printing industry. Especially, this industry uses security inks for preventing tampering, counterfeiting, or forgery of private and confidential documents like stock certificates, security labels, checks, and passports.


Geographically, the global security inks market is giving its efforts to provide security inks to all the remote parts of the regions like Latin America, Asia-Pacific, the Middle East & Africa, North America, Europe, and many others. The printing industry of these regions is widely using security inks for the purpose of printing stamp papers, banknotes, passports, certificates, identity cards, checks, and labels. All over, it can be considered that the security ink is used for multipurpose work. Generally, the security ink is widely used by government officials for the protection of important documents. Moreover, it has been found that various printing methods like offset, intaglio, letterpress, and others are more compatible with the security ink. Hence, the government officials mostly prefer these security inks and printing methods. Along with this, the security inks market is applying various techniques for security ink developments. So that in future, the security ink would have more scope to generate higher market revenue.


The security inks market analysis report is focusing on the various applications of the security ink to develop the product based on the customers’ demands. The global market has shown concern for the authenticity of legal documents, which can enhance the demands of the global market. Accordingly, the global market can build a good relationship with its intended audiences and can increase the security inks market growth and bring more security inks market scope.


COVID 19 Analysis


The global COVID 19 has brought a halt for the entire global security inks market in one or another ways. The demand for security Ink has been reduced due to the shutdown of chemical plants and factories in the global lockdown. Moreover, this lockdown has suppressed the sales count and brought huge losses in production.


The security inks market overview report mentions that COVID-19 was a negative impact on the entire market. But the continuous efforts of the global key players have the ability to stand the global market in its position, and the demands are slowly accelerating yet again. 


Market Dynamics



  • Major Drivers Of The Market


In the financial and banking sector, counterfeiting and forgery activities are increasing day by day, which is the major growth driver of the security inks market. The continuous flow of confidential and private information requirements is forcing these industries to adopt the security ink product. Along with that, the increasing current flow due to the economic conditions improvements of the people is growing the demand of the security inks. Also, the increasing concerns among the customers regarding the legitimacy of the legal document are increasing the demands of the security ink products.


Moreover, the adoption of smart labeling by retailers and government agencies to track the supply chain movements is driving the global security inks market growth during the research period.



  • Significant Opportunities For The Market


Several techniques like biometric identifier, barcode, embossing stamp, reversed out text ink stamp, photo integration, fluorescent serial number, and iFADO are estimated to find out the forgery, which is predicted to increase the security inks demand across the world. Hence, this brings more opportunities for the global market.


The global security inks market has brought lucrative opportunities for manufacturers and industrialists. So the industrialist and manufacturers are taking strategic growth initiatives to strengthen their positions by introducing new products and making partnerships. Further, the continuous efforts of the market well-wisher are generating a higher security inks market share in the upcoming years.



  • Market Restraints


The security inks market growth might get hampered due to the increasing adoption of digitalization, for example, the increasing use of cashless transactions.


The security inks market analysis report explains that the global key players focus on hindering market growth from developing its strength and opportunities in the upcoming years.



  • Market Growth Challenges


The global COVID 19 was the biggest challenge for the global market as it has reduced the products demand due to the shutdown of chemical plants and factories in the global lockdown. Along with that, the security inks market prices and the increasing adoption of digitalization might be another challenge for the security inks market.


Hence, the global key players' continuous efforts can stand the global market in its position, and the security inks market demand is slowly accelerating yet again. 



  • Cumulative Growth Analysis


The global security inks market has aimed to achieve USD 0.7 billion to increase the security inks market size for the reviewed period. Further, the global market has estimated to register a CAGR of 4.1% for the forecast period of 2030.


Further, the collective efforts are predicted to grow higher security inks market share.


Segment Overview



  • By Type:


The security inks market is classified into various types such as fluorescent, thermochromic, invisible, biometric, optically variable, infrared, magnetic, reactive, erasable, and others based on the type segment.


In 2016, the Indian government suddenly announced the demonetization, which has increased the demand for security inks in the Asia Pacific region. Here, some of the preferable security Ink types have been chosen for the work process.



  • By Printing Method:


According to the printing method segment, the security inks market has been segmented into various methods such as intaglio, flexographic, letterpress, offset, silkscreen, and others.


These printing methods are unique and widely preferred by various industrialists.



  • By Application:


The global security inks market is classified into tax banderoles, banknotes, official identity documents, consumer packaging, security labels, and others based on the application segment.


Different applications ensure that the customers get their preferable type of Security ink easily without any hassle. 


Regional Analysis


Looking into the regional classification, the security inks market has spread its helping hand to many regions, like Asia-Pacific, the Middle East & Africa, Latin America, North America, Europe, and other parts of the world.


The security inks market forecast report explains that the Asia-Pacific region is considered the fastest-growing region for the global market in 2018. Moreover, the Indian government has announced the demonetization without any notice, which has increased the security inks demand in this region. Along with that, North America and the European region are expected to grow at the fastest rate for the forecast period due to the high instances of counterfeiting and forgery and increasing awareness pertaining to document security. Further, due to less adoption of the product, the Latin America and the Middle East & African regions are growing at a moderate rate.


Competitive Landscape


According to the security inks market overview report, the global key players are enhancing the demand for the product by applying promotional methods. These key players are:



  • Microtrace

  • Kao Collins Corporation (US)

  • Chromatic Technologies Inc. (US)

  • SICPA HOLDING SA (Switzerland)

  • Sun Chemical (US)

  • The Cronite Company (US)

  • Naigai Ink Mfg. Co. Ltd (Japan)

  • Gleitsmann Security Ink GmbH (Germany)

  • Chroma Inks (US)

  • Guangzhou Mingbo Anti-Forgery Technology Co. Ltd (China).


The security inks industry report explains that the global key players focus on hindering market growth from developing its strength and opportunities in the upcoming years.


Recent Developments



  • October 2021- CCX Technologies and West Star have signed a dealership contract. This latest agreement expands CCX’s U.S.-based cyber security solutions dealer network. West Star Aviation will sell, install, and maintain the portfolio of onboard products, which offer actionable security capabilities and flight data.

  • October 2021- Smiths Detection bagged a deal with Japan Customs to offer two Hi-Energy 9 MeV, interwoven, dual view HCVS high-performance cargo inspection systems to screen cargo containers and trucks to Kobe Customs at Mizushima and Tokyo Customs at Jyonanjima. The deployment will begin in April 2022. The HCVS X-ray stationary screening system operates on the latest upgraded conveyor mechanism engineered to enhance security checks by offering to scan whole trucks, vehicles, and containers for contraband and threats. With the capability to distinguish between organic and inorganic materials, the system is engineered to minimize manual inspection requirements.

  • In August 2018, a newly formed division of Sun Chemical called Sun Chemical Security had been launched its latest infrared ink portfolio in Victoria Falls, Zimbabwe, for banknote printing.

  • In 2019, the company tried to enter the US market by doing a partnership with Document Security Systems, Inc. Further; it has aimed to sell the products of anti-counterfeiting.


Report Overview


The security inks market analysis report has analyzed that the increasing passports and visas demand and the increasing tourism activities are increasing the growth of the global product. This report has highlighted the market overview, recent developments, competitor analysis, market segmentation, and regional analysis.


Further, the global market is fighting with the challenges and restraints to uplifts its business across the regions. So the global market has involved more key players in generating more market revenue in the upcoming years.


Segmental Table:


By Types:



  • Fluorescent,

  • Thermochromic,

  • Invisible,

  • Biometric,

  • Optically variable,

  • Infrared,

  • Magnetic,

  • Reactive,

  • Erasable,

  • Others


By Printing Method:



  • Intaglio,

  • Flexographic,

  • Letterpress,

  • Offset,

  • Silkscreen,

  • Others


By Applications:



  • Tax banderoles,

  • Banknotes,

  • Official identity documents,

  • Consumer packaging,

  • Security labels,

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2022: USD 0.7 Billion
  • 2030: Significant Value
  •   CAGR   4.1% (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Printing Method and Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   SICPA HOLDING SA (Switzerland), Sun Chemical (US), Microtrace, 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), Guangzhou Mingbo Anti-Forgery Technology Co. Ltd (China).
      Key Market Opportunities   The industrialist and manufacturers are taking strategic growth initiatives to strengthen their positions by introducing new products
      Key Market Drivers   In the financial and banking sector, counterfeiting and forgery activities are increasing day by day, which is the major growth driver


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    Frequently Asked Questions (FAQ) :


    The Asia-Pacific region is considered to be the fastest-growing region for the global market in the year 2018.

    The Security Inks Market is segmented into various types such as invisible, biometric, fluorescent, thermochromic, optically variable, reactive, erasable, infrared, magnetic, and others.