The report “Security Inks Market Type (Invisible, Biometric, Fluorescent, Thermochromic), Printing Method (Offset, Intaglio, Flexographic, Silk Screen, Letterpress), Application (Banknotes, Tax Banderoles, Security Labels), and Region – Global Forecast to 2027″, size 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.
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Security labels is the fastest-growing application segment of the security inks market in the forecast period
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 product 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.
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Asia Pacific is expected to be the largest regional market during the forecast period.
Asia Pacific is the largest regional security inks market. This dominance is attributed to the presence of major rapidly growing economies. The demand for security inks is growing, especially in the Asia Pacific region. The market in the region is expected to witness a high growth rate in comparison to other regions. The demand is attributed to the rise in business, import-export, and new industry setups. Security labels is the fastest-growing end-use application in the security inks market.
The key market players profiled in the report include SICPA Holding SA (Switzerland), DIC Corporation (Sun Chemical) (Japan), Kao Collins Corporation (US), Chromatic Technologies Inc. (US), and Ink Tec Inc. (US), among others.
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