Security Printing Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Security Printing Market Analysis:

1. The forecasted growth of the Security Printing Market from 2023 to 2028 is expected to be significant, with an increase in market size from USD 33.21 billion to USD 40.42 billion. This growth can be attributed to the advancements in technology, which have made it easier for counterfeiters to replicate unsecured documents. As a result, organizations are facing challenges in staying ahead of these counterfeiters and forgers. To combat this issue, the government has implemented regulatory frameworks to prevent currency counterfeiting.

2. The prevalence of counterfeit notes in circulation is a concerning issue, with approximately USD 70 billion worth of counterfeit notes in circulation in the United States alone. This has prompted the government to take action and implement measures to prevent counterfeiting. Law enforcement and security regulations play a crucial role in driving the Security Printing Market, as they highlight the need for banknote printing companies and security substrate producers to verify the nature of orders with relevant issuing institutions.

3. Polycarbonate is a widely used material for secure ID documents due to its resistance against attacks, range of security features, and extended lifetime. In order to strengthen security features, various players in the industry are continuously improving the technology. For example, Gemalto Color Laser Shield offers a unique solution for securing a color photo within a polycarbonate ID document. This solution utilizes four-color lasers to achieve the highest resolution and counterfeit protection levels, reflecting the ongoing trend of enhancing security features in the industry.

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